Business

Now sales return or GSTR-1 for July will have to be filed by September 10 instead of September 5 earlier and purchase returns or GSTR-2 would be filed by September 25 instead of September 10 earlier.

Infosys said Nilekani’s office as director will be subject to retirement by rotation and the remuneration proposed to be paid to him is nil.

The headline inflation, RBI said, is expected to be in the range of 2-3.5 per cent in the first half of 2017-18 and 3.5-4.5 per cent in the later part.

The Department of Industrial Policy and Promotion (DIPP) has constituted six focus groups for the policy and an online survey is being conducted to obtain inputs.

Union Finance Minister Arun Jaitley on Tuesday said the government has collected Rs 92,283 crore as Goods and Services Tax (GST) revenue for the first month of its roll-out.

The NSE Nifty fell below the 9,900-mark, shedding 44.80 points, or 0.45 per cent, to 9,868 as its 43 constituents declined.

The government is trying to shore up foreign direct investment in a bid to give the economy a boost and in the past 2 years has liberalised FDI rules in defence, civil aviation and the private security business.

Tax collected in the maiden filings under the GST regime, which kicked in from July 1, are still being compiled as the last date for filings under different rules is not yet over, he said.

"As the conciliation meeting before the Chief Labour Commissioner failed, unions are left with no other option but to go on strike. There was no assurance from the government and the management of banks," AIBOC General Secretary D T Franco said.

The Banking Regulation (Amendment) Bill, 2017, which was passed by a voice vote in the Rajya Sabha, replaces an ordinance promulgated in May. The Lok Sabha had passed it last week.

The investment by the SoftBank Vision Fund gives India's largest homegrown e-commerce player Flipkart additional firepower to compete with US e-commerce giant Amazon.com which has said it will invest $5 billion in India.

The Swadeshi Jagaran Manch has consistently opposed the approach of the NITI Aayog on two counts - GM crops and taking a contrarian view to government's efforts on controlling the drugs price regime.

The NSE Nifty closed at 10,114.65 -- a new peak -- up 37.55 points, or 0.37 per cent. It broke previous record closing of 10,077.10 hit on Monday.

Arvind Panagariya, the first vice-chairman of NITI Aayog, is an Indian-American economist and Professor of Economics at Columbia University.

Financial experts are of the view that auto-investment mode at the beginning of the month is superior and most-effective way to Save More money than the method used by the First group.

Reliance Industries rose by 1.16 per cent while ITC and ICICI Bank zoomed up to 2 per cent, lifting the indices to all time high levels.