Parliament’s monsoon session has started. In this session, the government will also try to pass many important bills. One of these is also amendment to the Gratuity Act.

The government is working on the agenda of the merger of banks with the goal of preparing 3-4 banks of global size. It has reduced the number of government-owned banks from 21 to about 12.

India will begin imposing basic customs duty (BCD) on smartphones of 10% from July 1 making imported devices more expensive than locally made ones,

Back-of-the-envelope calculations say logistics costs would come down by at least 20%. Companies could do this with a hub-based warehouse system instead

Now, in Noida, Greater Noida and Yamuna Expressway, home buyers can benefit from up to 2.5 lakh rupees. Indeed, these areas of NCR are being included for the first time in the Prime Minister’s Housing Scheme (PMAY).

Mandatory Aadhar card requirement is in addition to the requirement of PAN details or Form 60 already in place.

At the time of filing revised tax returns who showed a sudden spike in income after demonetization should now prepare themselves to face scrutiny.

Six months after setting up an independent committee to oversee interest rates, the government is expressing frustration that RBI chose not to ease monetary policy.

RBI signals end to rate cuts as inflation risks rise RBI keeps policy rate on hold, with eyes on inflation RBI keeps policy rate on hold for second meeting in a row.

Finance Minister Arun Jaitley said India growing at 7-8 percent which is “fairly reasonable” in the current global context.

The Income Tax Department said taxpayers to link their Aadhaar with their PAN, using an SMS-based facility.

This information is for those who wish to join the schemes, they may still do so. They may join or renew the scheme anytime during the year by paying the full premium, not the proportionate amount. However, the renewal date will remain June 1 for all of the subscribers.

EPFO board meeting decides to lower of the employer’s share of contribution from present 12% to 10%. CBT is the apex decision-making body of EPFO, the government’s pension fund manager.

Retirement fund manager EPFO reduced stipulated period for settlement of various claims such PF withdrawal, pension and insurance to 10 days from 20 at present.

Prime Minister Narendra Modi can keep the words of the new Goods and Services Tax (GST) in front of the world with emphasis on Germany, Russia and the United States.