IRDAI to take up government’s request to allow LIC to hold more than 15% in IDBI Bank at June 29 meet
Finance Ministry holds a meeting with power producers on high court’s direction.
RBI told a parliamentary panel that PNB’s board was responsible for ensuring strong internal controls at the bank.
PNB names 54 officers in its internal probe report on the $2 billion scandal involving Nirav Modi, an official said.
Arvind Subramanian will leave after his one-year extension ends in October but the last date is not decided yet.
State-run banks will reassess credit needs of about 4,500 stressed borrowers.
The final decision to appoint these officers will rest with the central government.
India considers tax stamps to track tobacco products.
That will not result in a breach of the 74 percent cap on overseas investors’ stake in the bank, Goyal says.
Procedural formalities of making GSTN a state-owned body still underway, its chairman says.
Besides these 2.25 lakh companies, 7,191 limited liability partnership firms have also been identified.
Ministry of Corporate Affairs initiates investigation on resignation of auditors based on 15 complaints.
About Rs 5,000 crore gets added in the IGST fund every month post settlement to states.
The government has appointed a deputy governor to replace S.S. Mundra who retired at the end of July 2017.
No GST on free bank services, but no clarity yet on treatment during the service tax regime.
Crackdown on unaccounted wealth continues.
Sale of non-core assets, stake sale in subsidiaries and second-tranche of capital infusion may boost PNB’s capital.
Indirect tax collections fell in the month of May despite better compliance
The total gross revenue for March was Rs 1.03 lakh crore, the Finance Ministry said in a statement.
The final fiscal data for 2017-18 was released on Thursday.
Pending GST refund claims of Rs 14,000 crore will be disbursed starting May 31, finance ministry says.