Congratulating Narendra Modi for leading the NDA to a convincing victory in the Lok Sabha elections, ASSOCHAM President B K Goenka said the second term of the government would be highly beneficial for the economy.
In a positive development, the US Treasury Department has removed India from its currency monitoring list of major trading partners.
On Wednesday, GST Network released a demo tool for the new and simplified return filing form which is expected to be launched sometime later this year. The prototype, (that is available on webportal https://demoofflinetool.gst.gov.in) gives its stakeholders a feel of what the new return filing system will work.
The RBI May 29 extended minimum holding period requirement for NBFCs to raise funds via loan securitisation to help the sector overcome liquidity shortage.
MUMBAI: Banks can use Aadhaar for KYC verification with the customer's consent, the Reserve Bank said Wednesday as it updated its list of documents eligible for identification of individuals.
Monetary Policy Committee to meet on June 3 to decide on key interest rates.