I-T dept names and shames 24 defaulters owing Rs 490 crore in taxes

I-T dept names and shames 24 defaulters owing Rs 490 crore in taxes

The income taxdepartment on Thursday released a pan-India list of 24 defaulting individuals and companies who owe about Rs 490 crore in taxes to the exchequer but have either gone untraceable or have reported inadequate assets for payment of dues....
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RBI’s full KYC rule for online wallets could put business worth Rs 12,000 crore at risk

RBI’s full KYC rule for online wallets could put business worth Rs 12,000 crore at risk

Almost Rs 12,000 crore, or 80 percent, of online wallet transactions in the country are at risk of going back to cash, as online wallet players fear losing customers because of the Reserve Bank of India’s KYC rule. An RBI...
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TRAI slashes mobile number portability charges to Rs 4 from Rs 19 per porting

TRAI slashes mobile number portability charges to Rs 4 from Rs 19 per porting

Keeping in view the upsurge in mobile number portability (MNP) requests, the Telecom Regulatory Authority of India (TRAI) has decided to slash its rate to Rs 4 per successful porting from Rs 19 earlier. The TRAI arrived at the decision...
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Onion Prices Jump To Rs. 50-60 Per Kg; Set To Fall Soon, Assures Government

Onion Prices Jump To Rs. 50-60 Per Kg; Set To Fall Soon, Assures Government

Agriculture secretary S K Pattanayak said the onion prices will get corrected soon New Delhi: Retail onion price have risen to Rs. 50-60/kg in some parts of the country but the government said it is a “temporary phase” and the rates will cool...
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Bad loans and stressed assets in banks estimated at Rs 10 trillion

Bad loans and stressed assets in banks estimated at Rs 10 trillion

Bad loans and stressed assets in Indian banks are estimated at Rs 10 trillion ($153.49 billion), Chief Economic Adviser Arvind Subramanian said on Wednesday. India announced on Tuesday a Rs 2.11 trillion recapitalization plan for its state-owned banks over the...
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Modi govt’s Rs 2 trillion recapitalisation plan spurs bank stocks

Modi govt’s Rs 2 trillion recapitalisation plan spurs bank stocks

Key benchmark indices Sensex and Nifty were trading higher by up to 1% in late morning trade, pulling back from their life-time highs, as select banking, IT, auto and pharma stocks gained. The government on Tuesday announced various measures to spur...
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