Economy & Nation

In a bid to seize illegal cash, the Income Tax Deparmtent has issued a 17-point checklist to tax commisioners across the country to track those who deposited unaccounted cash during demonetisation.   In a directive to the Principal Chief Commissioners of Income Tax and Principal...
Fitch Ratings has downgraded India-based real-estate developer Macrotech Developers Ltd's (MDL) long-term issuer default rating (IDR) to 'B-' from 'B' due to the company's weak liquidity management. Fitch has also downgraded the rating on the erstwhile Lodha Developer's $325 million 12%...
The Enforcement Directorate on Friday said it has attached properties to the tune of Rs 299 crore of Nowhera Sheikh of Heera Group including 96 immovable properties spread across several states in its probe into the ponzi scam.   An ED official said here that the agency has attached...

The Reserve Bank of India (RBI) has finally responded to customers being wrongly fleeced by banks and clarified that transactions that have failed due to technical reasons, or when there is no cash withdrawals at automated teller machine (ATM) cannot be counted as valid and bank cannot charge...
Almost everything about the 5th progress report submitted by the new board of Infrastructure Leasing & Financial Services (IL&FS) raises more questions than it answers. For starters, there is not much progress that the report documents. The crucial information that has made news is all in the...

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