APN News

  • Sun Aug 20 2017 11:23:09 GMT+0530 (IST)
  • Govt extends GST return filing date to August 25

    Govt extends GST return filing date to August 25

    The last date for filing returns and payment of taxes under the GST regime has been extended by five days. The returns can now be filed till the 25th of this month. Earlier, the cut-off for filing maiden GST returns for July was scheduled to end tomorrow. In a statement, the finance ministry...

    India needs to grow at 9-10 per cent to lift millions out of poverty: Amitabh Kant

    India needs to grow at 9-10 per cent to lift millions out of poverty: Amitabh Kant

    Niti Aayog CEO Amitabh Kant said, India needs to grow at 9-10 per cent per annum for the next three decades for lifting millions of people out of poverty. Speaking at an eventin New Delhi today, Kant further said there is a need to make India an easy place to do business. He also said India ...

    Reserve Bank calls for recapitalization of state-run banks

    Reserve Bank calls for recapitalization of state-run banks

    Reserve Bank of India today called for recapitalization of state-run banks to help them resolve the NPAs issue in a time-bond manner as bad loans at nine point six per cent of the system is not acceptable. RBI Governor Urjit Patel said this addressing a National Conference on Insolvency and ...

    RBI to shortly issue new Rs 50 currency note

    RBI to shortly issue new Rs 50 currency note

    RBI will shortly issue new banknotes of Rs 50 denomination in the Mahatma Gandhi (New) Series. A RBI press release has informed that the base colour of the new notes will be fluorescent blue and its dimension will be 66 mm x 135 mm. It will have a motif of Hampi with Chariot on the reverse,...

    Vishal Sikka resigns as Infosys CEO & MD

    Vishal Sikka resigns as Infosys CEO & MD

    CEO and managing director of India's second largest software export firm Infosys, Vishal Sikka, has resigned. UB Pravin Rao, chief operating officer of the company, will step in as interim CEO and managing director. Sikka has been retained as the executive vice-chairman. In his resignation l...

    FM Jaitley urges States to reduce VAT on petroleum products

    FM Jaitley urges States to reduce VAT on petroleum products

    Finance minister Arun Jaitley has written to state chief ministers urging to reduce burden of Value Added Tax (VAT) on Petroleum Products used as inputs in making of goods after the introduction of Goods and Services Tax (GST). The letter by Finance Minister highlights a concern being raised...

    First shipment of American crude oil worth USD 100M to reach India next month

    First shipment of American crude oil worth USD 100M to reach India next month

    The first shipment of American crude oil worth USD 100 million will reach India next month, with US President Donald Trump promising to be a reliable, long-term supplier of energy to India's developmental needs. The shipment of crude oil to India comes nearly two years after the then US pres...

    Effective transmission of policy rate holds key to achieve desired economic growth: Urjit Patel

    Effective transmission of policy rate holds key to achieve desired economic growth: Urjit Patel

    RBI Governor Urjit Patel has said that effective transmission of policy rate holds the key to achieve desired economic growth. As per the Minutes of the Monetary Policy Committee Meeting held earlier this month, Dr. Patel has said that even though transmission has improved; there is still scope for ...

    Retail inflation rises to 2.36% in July

    Retail inflation rises to 2.36% in July

    Retail inflation rose to 2(point)36 per cent in July this year, chiefly driven by hardening prices in sugar and confectionery items, pan, tobacco, and intoxicants. Retail inflation, as measured by the consumer price index, had stood at 1.46 per cent in June. Data released by the Central Sta...

    Wholesale inflation jumps to 1.88% in July

    Wholesale inflation jumps to 1.88% in July

    Wholesale inflation rose to 1(point)88 per cent in July this year, year-on-year, as the prices of some commodities increased. Inflation based on the wholesale price index had stood at 0.9 per cent in June this year, and 0.63 per cent in July last year. Government data released today, showed...

    Indian export grows 4 percent in July

    Indian export grows 4 percent in July

    The country's exports grew three point nine percent in July this year, on a yearly basis, to 22(point)5 billion dollars. Exports rose due to an increase in shipments of petroleum, chemicals and marine products. Official data released today showed that imports rose 15.4 per cent in July, to ...

    GST in long-run will be beneficial for tax system: Piyush Goyal

    GST in long-run will be beneficial for tax system: Piyush Goyal

    Union Minister for Power Piyush Goyal has said Goods and Services Tax (GST), in the long-run, will be beneficial for the tax system and will lead to ease of doing business. The Minister was addressing a workshop on MSME and Government, Dialogue for Development, a State level convention of M...

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