Taxpayers can compare tax liability declared in final, summary GST returns forms: GSTN

Taxpayers can compare tax liability declared in final, summary GST returns forms: GSTN

Wednesday, 13 March 2019 | PNS | New Delhi

The GST Network Tuesday said businesses registered under GST can now compare the tax liability declared as well as input tax credit claimed in their final and summary sales returns forms.   The GSTN, which handles the technology backbone for the new indirect tax, has provided a facility to the taxpayers...

Retail inflation at 4-month high of 2.57pc in Feb as food prices rise

Wednesday, 13 March 2019 | PTI | New Delhi

Retail inflation jumped to a four-month high of 2.57 per cent in February due to costlier food articles, according to official data released Tuesday. The Consumer Price Index-based inflation for January was revised down to a 19-month low of 1.97 per cent from earlier estimate of 2.05 per cent. The retail inflation...

Titan ties up with American watchmaker FTS

Titan ties up with American watchmaker FTS

Tuesday, 12 March 2019 | PTI | New Delhi

Titan Company Tuesday said it has entered into an alliance with FTS USA LLC to assist in setting up an assembly unit of the American watchmaker. As part of the partnership, Titan will further extend its support to FTS by supplying quartz movement kits and training the US engineers, it said...

Retail inflation rises to 4-month high of 2.57 pc in Feb

Retail inflation rises to 4-month high of 2.57 pc in Feb

Tuesday, 12 March 2019 | PTI | New Delhi

Retail inflation rose to four-month high of 2.57 per cent in February, mainly driven by higher food prices. The retail inflation based on Consumer Price Index (CPI) stood at 1.97 per cent in January and 4.44 per cent in February 2018. Food inflation based on CPI, however was in negative at 0.66...

Banks in no hurry to link repo with interest rates

Banks in no hurry to link repo with interest rates

Tuesday, 12 March 2019 | IANS | New Delhi

Public sector banks are in no hurry to follow big brother SBI in linking their deposit and lending rates to the RBI's repo rate, which may further irk the Reserve Bank of India for not transmitting the lower interest rates to the customers. While some of them do admit that ultimately...

Jet Airways not operating any Boeing 737 MAX plane

Jet Airways not operating any Boeing 737 MAX plane

Tuesday, 12 March 2019 | PTI | New Delhi

Cash-strapped Jet Airways said on Monday it is not operating any of the five Boeing 737 MAX in its fleet. The statement of the airline, which has grounded a significant number of planes, comes amid aviation regulator being asked to undertake a safety assessment of 737 MAX aircraft following the crash...

Sebi imposes Rs 25 lakh fine on Indus Portfolio for fraudulent trade

Tuesday, 12 March 2019 | PTI | New Delhi

Markets watchdog Sebi has levied a penalty of Rs 25 lakh on Indus Portfolio for carrying out reversal of trades in the illiquid stock options segment on the BSE. Sebi conducted a probe between April 2014 and September 2015 after observing large-scale reversal of trades in the stock options segment on...

NHPC to bid for Jal Power Corporation's Rangit hydro project in Sikkim

Tuesday, 12 March 2019 | PNS | New Delhi

Buoyed by the winning bid for Lanco's Teesta VI, State-owned NHPC will bid for Jal Power Corporation's Rangit hydro project in Sikkim, which is undergoing insolvency proceedings, NHPC Chairman and MD Balraj Joshi said. The Rangit Stage IV 120 MW project is a stressed asset and is undergoing insolvency proceedings...