Lok Sabha passed the Bill to amend Income Tax Act and other top economy news of the day

India Infoline News Service | Mumbai | November 30, 2016 08:38 IST

Check out the most important news stories which captured the headlines at the economy level in India and internationally.

Asian businessman reading newspaper on park bench
The government is pushing banks to install 1mn credit card swipe machines in the next three months. To incentivise banks and the manufacturers of point-of-sales (PoS) terminals, the government has waived the 12.5% excise duty and 4% special excise duty on these machines. (ET)
 
The Lok Sabha passed the Bill to amend Income Tax Act to impose tax on deposits made post-demonetisation without debate. (BS)
 
Public banks have seen nearly Rs800bn increase in gross non-performing assets (NPAs) in the three months ended September 2016. (BS)

 

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