Sebi allows hedge funds in commodity derivatives

Mumbai: Securities and Exchange Board of India (SEBI) has allowed Category-III Alternative Investment Funds (AIFs) to participate in the commodity derivatives market, thereby makin...

GST Council reduces rates of 66 products

New Delhi: The Goods and Services Tax (GST) Council has reduced the rates of 66 items to expand the scope of composition scheme aimed at benefitting small traders, manufacturers, a...

Home loans set to get cheaper as RBI eases norms for banks

New Delhi: The Reserve Bank of India (RBI) has reduced the level of provisions required for home loans from 0.4 per cent to 0.25 per cent, which will enable banks to extend more ho...

New tax regime to boost sale of processed fish

New Delhi: The Goods and Services Tax (GST) levy on processed fish has been reduced to 5 per cent, down from the earlier 12.5 per cent, which is expected to boost the sale of proce...

GST to have minimal impact on retail inflation: Morgan Stanley

New Delhi: The implementation of the Goods and Services Tax (GST) is expected have a minimal impact on the consumer price index (CPI) basket, as tax rates for items in the CPI bask...

Cabinet approves Pan-India implementation of Maternity Benefit Program

New Delhi: The Union Cabinet has approved implementation of the maternity benefit programme across India, which will provide eligible pregnant women and lactating mothers a cash be...

Cabinet gives nod to new coal linkage policy

New Delhi: The Cabinet Committee on Economic Affairs (CCEA) has approved a new coal linkage policy, aimed at providing necessary supply of fuel to power plants through reverse auct...

Govt to strengthen agency under GST to check tax evasion

New Delhi: The Government of India plans to revamp the existing structure of the Central Board of Excise and Customs (CBEC) and rename it as the Central Board of Indirect Taxes and...