SBI reduces interest rates by 0.4%!
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Following Reserve Bank of India announcement about reduction of interest for short-term loans by 0.5%, SBI has immediately followed suit by extending this by reducing its interest to the clients by 0.4%.
No extension of last date, says CBDT
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The Central Board of Direct Taxes (CBDT), that houses the Income Tax Department and also collects corporate taxes, has said that the last date to file audit reports has not been extended beyond September 30th.
CBDT to target small time tax assessees
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The Income Tax department is now looking into taxpayers (who are not paying tax) in tier II and tier III cities with an earning of Rs. 4 lakhs per annum.
RBI will cut repo rates, say experts
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The RBI (Reserve Bank of India) will cut its repo rate this week, say experts.
Information is gathered that the Reserve Bank of India has advised all the banks that provision must be made to dispense Rs. 50/- currency notes also in all ATMs.
Reserve Bank of India has announced that no action will be taken under FEMA (Foreign Exchange Management Act) for those who voluntarily come forward to declare their black money details.
Central Minister for Finance,Mr. Arun Jaitley, flags off the Awareness Week for the governments plan to facilitate simpler & faster loans – Mudra loans -for small scale entrepreneurs.
Many E Tailers are gearing up for the festival season. E-commerce companies are bracing for a bull run this festive season, eying manifold growth in sales in the October-November period through exclusive brand tie-ups and product launches.
Annual list of the richest Indians has been released by Forbes. Mukesh Ambani has retained the number one spot for the 9th consecutive year with a networth of nearly USD 19 billion.
RBI targets inflation rate long term
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Experts feel that the RBI (Reserve Bank of India), under the leadership of its Governor Raghuram Rajan, will resist political pressure and remain focused on the inflation target of 4%.
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 46.33 per barrel (bbl) on 23.09.2015.
Bureau of Indian Standards (BIS) has taken up development of standards for 43 products identified by Department of Industrial Policy & Promotion (DIPP) for manufacturing quality products in the country under Make in India programme.
An official statement said that Wednesday (September 30) is the last day for individuals to declare undisclosed foreign assets under the new Black Money act.
Imported pulses to reach India this week
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An official statement from the Government of India stated that MMTC, Indias largest international trading company apprised that the first consignment of 888 tonnes and 984 tonnes will arrive at Chennai Port and JNPT, Mumbai, on September 23 and 24, respectively.
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 44.86 per barrel (bbl) on 21.09.2015.
With a view to making it easier for 3.54 crore subscribers, 49.22 lakh pensioners and 6.1 lakh employers, the EPFO has launched a mobile app along with two other services.
