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Kerala set for GST regime as Governor P Sathasivam gives approval

THIRUVANANTHAPURAM: With the formal approval for the ordinance on goods and services tax (GST) by Governor P Sathasivam, the state is all set for the GST regime readied for country-wide rollout from July 1. Finance minister T M Thomas Isaac said that the state is ...

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Tata Telservices seeks to recast Rs 32,000 crore debt

Tata Telservices (TTSL), telecom unit of the Tata group, has approached a lender consortium led by the State Bank of IndiaBSE -1.94 % (SBI) for restructuring outstanding debt of Rs 32,000 crore, underscoring financial stress in the telephony business. According ...

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RBI widens scope of Banking Ombudsman Scheme

Mumbai: The Reserve Bank today the extended the scope of Banking Ombudsman Scheme under which banks could be penalised for mis-selling third-party products like insurance and mutual funds via mobile or electronic banking. The pecuniary jurisdiction of the Banking Ombudsman to ...

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Infosys to cough up $1 million fine for flouting US visa norms

Infosys used temporary visas called B-1 visas, which are easier to obtain, instead of H-1B work visas which are used for transfer of skilled workers, New York Attorney General Eric Schneiderman said. New York Attorney General Eric Schneiderman said that ...

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GST will lower overall tax burden over time: RBI governor Urjit Patel

Patel says RBI has taken several steps to facilitate innovation, payment systems, digital banking. Reserve Bank governor Urjit Patel on Thursday said the soon-to-be implemented goods and services tax (GST) will not only create a national market but will also broaden the tax base which in ...

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