The Central Board of Indirect Taxes & Customs (CBIC) has decided to process the input tax credit (ITC) claims online, said an official.

Exporters of goods and services as well as suppliers to SEZ units are likely to get GST refunds automatically from June as the revenue department switches on to faceless scrutiny of refunds and faster claim settlement, reports citing official sources said.

MUMBAI: The Reserve Bank of India (RBI) has appointed former deputy governor Rama Subramaniam Gandhi as an additional director on the board of Yes Bank for two years, from 14 May 2019 to 13 May 2021, the bank said on Tuesday in a notice to the stock exchanges.

The Indian economy will grow at 7 per cent range in the current fiscal, said Chief Economic Advisor (CEA) Krishnamurthy V. Subramanian said on Monday.

Industry body FICCI has urged the Government to use the mini-ministerial platform for creating alliances and consolidating support among member-countries to revitalize the multilateral trading system.

Commerce Minister Suresh Prabhu said that the WTO Ministerial Meeting of Developing Countries that concluded in New Delhi on Tuesday is a step forward amid ongoing protectionist tendencies in world trade.