Business

The Ministry of Commerce and Industry has proposed to delay by a month the imposition of retaliatory tariffs on some US goods that were due to go into effect from April 1, a spokeswoman told news agency Reuters on Friday. Trade

SBI or State Bank of India levies certain penalty charges from savings account holders failing to comply with its minimum balance requirements. The country's largest bank, SBI charges a penalty ranging from Rs 5 to Rs 15 (excluding GST) from customers

Retirement fund body Employees' Provident Fund Organisation (EPFO) allows subscribers to check his/her EPF (employees' provident fund) balance online through its website - epfindia.gov.in.  EPF or Employees' Provident Fund is a mandatory contribution from the

The rupee recovered some ground on Friday, a day after it declined about 0.6 per cent amid concerns about a slowing global economy. Rising by 16 paise against the greenback, the rupee settled at 69.14 for the day after a choppy session. For the week, the rupee declined by 19 paise against the dollar,

Britain's parliament will hold a special sitting on Friday to discuss and vote on Brexit, potentially unlocking a delay to May 22 to the country's exit from the European Union but falling short of the criteria needed to formally ratify the deal.

The government hopes to avoid

IRCTC or Indian Railway Catering and Tourism Corporation, the ticketing arm of the Indian Railways, offers passengers the facility of filing a TDR (Ticket Deposit Receipt) for cancellation of e-tickets. A TDR can be filed after the preparation of reservation

Gold prices on Friday dropped by Rs 395 to Rs 32,700 per 10 grams at the bullion market in the national capital, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. The fall in gold prices was mainly due to low domestic demand amid subdued global trends,

NPS, the Pension Fund Regulatory and Development Authority (PFRDA)'s National Pension System-Swavalamban - also known as National Pension System-Lite (NPS-Lite) - is a pension scheme focused on the economically disadvantaged individual. Individuals in the age group of 18-60

Asian shares posted narrow gains on Friday on revived hopes of progress in US-China trade talks, while global bond yields moved higher after a prolonged slide on worries about the economic outlook.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent while Japan's Nikkei rose

April-February fiscal deficit touched 8.51 lakh crore rupees ($123.07 billion), or 134.2 per cent of the budgeted target for the current fiscal year, government data showed on Friday.

Earlier in February, while presenting the annual budget for 2019/20, the government had revised upward its fiscal deficit target to 3.4 per cent of GDP for

The Central Board of Direct Taxes (CBDT) has issued directions to income tax offices across the country to probe financial transactions of about three lakh firms for tax evasion and money laundering, especially during demonetisation. These firms had

The Supreme Court on Thursday dismissed petitions seeking stay on the merger of three public sector banks -- Dena Bank, Vijaya Bank and Bank of Baroda. The merger is set to take effect on April 1.

Rejecting the plea by the staff and officers of two merging banks and their associations, the bench of Justice Rohinton Fali Nariman and Justice Vineet

As the financial year 2018-19 comes to an end, state-run banks have been directed to remain open on the last day of the month. The Reserve Bank of India (RBI) has advised that "all Pay and Account Offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment transactions",

The Sensex and Nifty turned flat but continue to trade at 6-month highs. The markets came off intraday highs as gains in metal, telecom and information technology shares was offset by losses in banking and financial stocks. In intraday

From Public Provident Fund (PPF) to Senior Citizen Savings Scheme (SCSS), India Post - which has a network of more than 1.5 lakh post offices across the country - offers a variety of savings schemes. Out of the nine government-run small savings schemes,

The S-P BSE Sensex and NSE Nifty 50 indexes logged in smart gains in financial year 2018-19, which concluded on Friday. The Sensex jumped 5,704 points or 17 per cent and the NSE Nifty 50 Index added 1,510 points to clock a return of 15 per cent in FY18-19. However, the year-long

Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana (PM-JAY) provides a cover of up to Rs 5 lakh per family per year, for hospitalisation for over 10.74 crore vulnerable families in cashless and paperless manner, at public and empanelled private

The rupee slumped 42 paise to end at 69.30 against the dollar on Thursday, its second straight session of decline, in line with other Asian currencies amid strengthening of the greenback. Most Asian currencies struggled amid expectations of dovish monetary policy stance by c

Rising for second straight day, domestic stock markets finished Friday's session on higher note on heavy buying in auto and metal stocks amid positive global cues. The BSE benchmark Sensex ended 127 points higher at 38,673 while the NSE

Last date to link your PAN card with Aadhar card is just two days away. The Income Tax Department has urged Income tax assessees to link their Permanent Account Number (PAN) with Aadhaar (UID) by March 31. "Link your Aadhaar with PAN today to enjoy

The CBDT has rung alarm bells and has asked the Income Tax Department to go for a major assault as the direct tax collection target remains short of about 15 per cent, with the financial year closing less than a week away.

On March 26, CBDT Member (Revenue) Neena Kumar shot off a letter to all the regional chiefs of the department

Jet Airways' investors are cheering this week's government-led rescue deal, but the cash-strapped airline's future looks mired in uncertainty as convincing a new investor to come on board may not be easy.

The airline, which was on the brink of bankruptcy, was bailed out on

Rail Vikas Nigam Limited's initial public offering (Rail Vikas Nigam IPO) began today and will last up to April 3. Rail Vikas Nigam Limited (RVNL), the wholly owned government company is a 'Miniratna' (Category - I) company incorporated by the ministry of Railways in 2003 as a

SBI or State Bank of India, the country's largest lender, currently offers eight maturity options of fixed deposits (also known as term deposits). State Bank of India (SBI) provides eight terms for domestic fixed deposit (FD) - or term deposit -

Did you know you can still file your ITR or income tax return for assessment year 2018-19 The Income Tax Department has set a due date of March 31 for income tax assessees to file their income tax return for assessment year 2018-19 (AY2018-19) - which is financial year 2017-18 - with a late fee of Rs 10,000, according to a post by the taxman on

Domestic stock markets finished more than 1 per cent higher amid buying across sectors on Thursday, a day marked with the expiry of monthly derivatives contracts. The S-P BSE Sensex closed 412.84 points,

Government has raised the price of its locally produced gas by about 10 per cent to $3.69 per million metric British thermal units (mmBtu) for the April-September period, compared with the previous six months, a source aware of the development

Investment or deposit in any of the small savings schemes fetches a return to the tune of 4-8.7 per cent for the current quarter. India Post, which operates a network of more than 1.5 lakh post offices across the country, offers nine options under its small

Research predicts that digital payments in India will exceed $500 billion by 2020, up from $50 billion in 2016. It's just one way in which fintech is changing the face of the financial industry. Fintech - the technological innovation in the design and delivery of financial services and products - is revolutionising customer expectations. Emerging