biggest single-day fall of rupee recorded in 6 years

The biggest single-day fall of rupee has been recorded for the first time breaching the 70 level mark of Indian rupees since August 2013. The reasons for the downfall of...

NHB to provide Rs.10,000 cr liquidity infusion facility to HFCs

The housing sector regulator National Housing Bank (NHB) opened a liquidity infusion facility of Rs.10000 crore for Housing Finance Companies (HFCs) to improve liquidity in sector. The move is...

India sliped to 7th spot in Global GDP Rankings of 2018 : World bank

India has slipped down to the 7th place in the global GDP rankings of 2018, reveals data compiled by the World Bank. According to the 2017 World Bank report,...

New income tax rules with revised guidelines comes in effect

Revised guidelines of Income Tax and to make strict decision against tax invaders new Income Tax guidelines has came into effect from, June 17, 2019. These revised guidelines issued...

Government launched Project SPARROW for CBIC officers for over 400 formations of CBIC across...

The Central Board of Indirect Taxes and Customs (CBIC) notified that for better human resource management, it will conduct annual performance appraisal report (APARs) of over 46,000 Group B...

K Subramanian appointed as Advisory Council Member in 15th Finance Commission

The Chief Economic Advisor (CEA) to Central government, Dr. Krishnamurthy Subramanian is appointed as twelfth (12) member of Advisory Council of Fifteenth (15th) Finance Commission (FCc). It now has...

CBDT and GSTN sign an MoU to seize evaders to decrease black money generation

The income tax (I-T) department and Goods and Services Tax Network (GSTN) signed a joint agreement to enhance information exchange between the 2 firms and to arrest tax evaders...

Iraq becomes India’s top crude oil supplier

According to the Directorate General of Commercial Intelligence and Statistics, Iraq has, for the second year in a row, become India’s top crude oil supplier, meeting more than a...

Income tax exemption limit on gratuity doubled to Rs 20 lakh

The government has increased the tax-free gratuity income limit to Rs 20 lakh. This move will benefit the public as well as private sector employees. The Ministry of Finance...

Government announced new Rs 20 coin

The Centre has announced a new Rs 20 coin which will come in 12-edged polygon (dodecagon) shape. The government is also planning to release new coins of Re 1,...

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