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  • ficci lauds decision to review epf tax proposals

    FICCI lauds decision to review EPF tax proposals

    March 06, 2016 19:23 IST

    New Delhi: Expressing its dismay over the union budget 2016-17 proposal to tax withdrawals from the Employees' Provident Fund (EPF) contributions, industry chamber FICCI today said it was, nevertheless, encouraged by the reports that Finance

  • nda could gain rajya sabha votes in 2016 for gst morgan

    NDA could gain Rajya Sabha votes in 2016 for GST: Morgan Stanley

    March 06, 2016 16:17 IST

    New Delhi: The government is likely to gain votes that it requires to get the Goods and Services Tax (GST) Bill passed in the Rajya Sabha this year, according to a report by American investment

  • data pricing pressure pinching incumbents morgan stanley

    Data pricing pressure pinching incumbents: Morgan Stanley

    March 06, 2016 16:11 IST

    New Delhi: Even before Reliance Jio launches its 4G services in the country, Morgan Stanley believes the pricing pressures are already pinching the incumbents thanks to a tepid growth in the data market, warranting a

  • government can t waive tax on vodafone cairn revenue

    Government can't waive tax on Vodafone, Cairn: Revenue Secretary

    March 06, 2016 14:14 IST

    New Delhi: Revenue Secretary Hasmukh Adhia today said that government cannot waive the multi-billion dollar tax liabilities that Vodafone and Cairn Energy face, although it has done the most it could in offering to remove

  • banks have to be got into shape no sparing loan defaulters

    Banks have to be got into shape, no sparing loan defaulters: Arun Jaitley

    March 06, 2016 8:22 IST

    Gurgaon: Union Finance Minister Arun Jaitley on Saturday said getting Indian banks back in shape was a top priority of the government, and that more resources will be found, as and when required, to boost

  • panel on psu banks consolidation on anvil arun jaitley

    Panel on PSU banks' consolidation on anvil: Arun Jaitley

    March 05, 2016 22:01 IST

    Gurgaon: An expert panel will be set up shortly to devise a strategy for consolidation of public sector banks as India needs stronger lenders rather than a "numerically large number" of them, Finance Minister Arun

  • government to digitally connect rural post offices by march

    Government to digitally connect rural post offices by March 2017

    March 05, 2016 7:22 IST

    New Delhi: The government will digitally connect all rural post offices by March 2017, Parliament was informed today. "Government is digitally connecting all 1,29,323 gramin dak sewak post offices in rural areas across the country by

  • bad loans why the call for making top bank bosses

    Bad loans: Why the call for making top bank bosses accountable deserves merit

    March 03, 2016 21:04 IST

    Chennai: Rising bad loans at government-owned banks running into several crores has caught the country's attention. The Reserve Bank has stepped in and the top court has raised some serious questions.There are two big problem

  • black money to attract double payout after 4 month window

    Black money to attract double payout after 4-month window

    March 03, 2016 16:42 IST

    New Delhi: In a stern warning to black money holders, the government has said those caught with illicit wealth within the country would have to cough up 90 per cent in tax and penalty and

  • a whooping increase of 340 in number of indian billionaires

    A whooping increase of 340% in number of Indian billionaires in 10 years

    March 03, 2016 13:53 IST

    Mumbai: India is expected to account for 5% of the total ultra high net worth individuals (UHNWIs) in the world by 2025, a study said.According to 'Knight Frank Wealth Report 2016', the country's share in

  • epf tax final stand on taxing during budget debate says

    EPF tax: Final stand on taxing during Budget debate, says Jaitley

    March 03, 2016 10:01 IST

    New Delhi: Facing flak for proposing a tax on employee provident fund withdrawals, Finance Minister Arun Jaitley said he will spell out the final decision on the matter when he replies to the debate on

  • indians to make up 5 of global super rich by 2025 report

    Indians to make up 5% of global super-rich by 2025: Report

    March 02, 2016 21:10 IST

    Mumbai: India is expected to account for five per cent of the total ultra high net worth individuals (UHNWIs) in the world by 2025, a study said.According to ‘Knight Frank Wealth Report 2016', the country's

  • imf cuts india s gdp growth forecast to 7.3 for 2015 16

    IMF cuts India's GDP growth forecast to 7.3% for 2015-16, cautions against external shocks

    March 03, 2016 8:46 IST

    Washington: The International Monetary Fund (IMF) on Tuesday trimmed its growth forecast by projecting India to grow at 7.3 per cent for the current fiscal, lower than the government's estimate of 7.6 per cent growth

  • top 10 richest indians in the world

    Top 10 richest Indians in the world

    March 02, 2016 17:47 IST

    New Delhi: AS on today, India has a higher number of billionaires than it ever had, according to Forbes' annual ranking of billionaires.Forbes magazine announced the annual list of world's richest person on Tuesday (March

  • top 10 richest persons of the world

    Top 10 richest persons of the world

    March 02, 2016 17:09 IST

    New Delhi: Forbes' 30th annual guide to the world's wealthiest has everybody talking of the billionaires who made the cut among the top 10 and those who did not. Though the list is an annual

  • fiscal discipline is of prime importance arun jaitley

    Fiscal discipline is of prime importance: Arun Jaitley

    March 02, 2016 14:51 IST

    New Delhi: In a post-Budget 2016-17 meeting with India Inc on Wednesday, Finance Minister Arun Jaitley reiterated the need for fiscal discipline and said he was optimistic of the reform process moving ahead in parliament."Fiscal

  • india signs 300 million loan agreement with world bank

    India signs $300 million loan agreement with World Bank

    March 01, 2016 22:23 IST

    New Delhi: India on Tuesday signed a loan agreement with multilateral lending agency World Bank for $300 million for Madhya Pradesh Higher Education Quality Improvement Project.The objective of the project is to improve student outcomes

  • a look at this year s budget biggies

    A look at this year's Budget Biggies

    March 01, 2016 19:21 IST

    New Delhi: Finance Minister Arun Jaitley on Monday presented the Narendra Modi government's second full Budget in the Lok Sabha, which the Prime Minister later termed as pro-poor and pro-farmer.While the focus on the rural

  • facing flak government says will reconsider tax on epf

    Facing flak, government says will reconsider tax on EPF withdrawals

    March 02, 2016 8:04 IST

    New Delhi: Under all-round attack following its Budget proposal to tax 60 per cent of withdrawals from provident fund and a ceiling on employers contribution, the government today promised to consider demands for a rollback of

  • sahara group s aamby valley sealed by maha govt for tax

    Sahara Group's Aamby Valley sealed by Maha govt for tax default

    March 01, 2016 17:19 IST

    Pune: Sahara Group's flagship project, Aamby Valley Resort, has been sealed by the Maharashtra government for non-payment of non-agriculture taxes of around Rs.4.50 crore, an official said today.A team of officials swooped on the township

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