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Government To Sell 76% Stake In Air India, Give Up Management Control
The government today took the first step towards divesting the debt-ridden Air India, releasing an Expression of Interest and appointing multinational consultancy firm Ernst & Young as its advisor for the process, which is expected to be completed by December. The government has proposed to transfer management control of Air India along with the 76...
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Nirav Modi Left India On Jan 1, Centre Moves To Cancel Passport: 10 Facts
Nirav Modi's home, showrooms and offices in Mumbai, Delhi and Surat were searched on Thursday after Punjab National Bank (PNB) complained of staggering fraud at the cost of the taxpayer to benefit the celebrity jeweller and others. Nirav Modi, recently seen in a group photo in Davos with Prime Minister Narendra Modi, flew out of India on January 1....
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Punjab National Bank Says $1.8 Billion Fraud, A Nirav Modi Link: 10 Facts
Punjab National bank, India's second-largest government bank, reported on Wednesday that $1.8 billion or over Rs 11,000 crore of taxpayers' money had been illegally transferred abroad to select customers from a single branch in Mumbai. The revelation will affect the banking industry with the Finance Ministry asking all banks to investigate their bo...
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Corporate Tax Should Be Reduced To 25%, Say Entrepreneurs
For new investments, government should give investment allowance, says C S Goel, Vice President, Federation of Indian Micro and Small and Medium Enterprises.
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GST Council May Cut Rates On 70-80 Goods, Services, Streamline Returns Filing
The Council is expected to accept the suggestions to ease the compliance burden to ensure better collections under GST.
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In War Against Black Money, Tax Officials Seized 900 Benami Properties
More than 900 properties including plot of land, buildings and bank deposits worth Rs 3,500 crores have been seized as part of the crackdown on benami properties declared by Prime Minister Narendra Modi in 2016.
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Government Cracks Down On Firms Not Passing On GST Benefits, Notices Issued
The Directorate General of Safeguards, the investigative arm of the Revenue department of Finance Ministry, has started investigations in two cases
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Demonetisation Caused Huge Disruption In Informal Sector: Former CEA Kaushik Basu
Kaushik Basu said that we often underestimate the effects of demonetisation and it caused a huge disruption in the informal sector, something that the official data doesn't capture
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Economic Growth To Recover In Q2 From Three-Year Low, Say Experts
"GDP growth will expand to 6.4% in Q2 on the back of a pickup in industrial growth," said an economist.
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GST Rates: Shampoo, Chocolate, Eating Out Cheaper After Big GST Cut - 10 Facts
Union Finance Minister Arun Jaitley on Friday announced a big overhaul of new national tax GST, saying only 50 items will remain in the highest tax slab of 28 per cent, with 178 others moved to the 18 per cent bracket effective November 15. Dining out will also become cheaper, with food at all restaurants in the country, except those in starred hot...
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IndiGo, Clobbered For Passenger Assault Video, Pleads Self-Defence
A passenger is assaulted and dragged on the tarmac at the Delhi airport by the staff of IndiGo airlines in a video that has been widely shared since it emerged yesterday. "How dare you!" the furious passenger screams as he is manhandled and physically prevented from boarding a coach to the terminal after his plane landed in Delhi on October 15.
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Automation Hits Hiring In State-Run Firms, Thousands Of Jobs Lost
MTNL leads the list of PSUs with the highest drop in hiring at 32.9% from 2011-12 to 2016-17.
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India Jumps 30 Places In Ease of Business, PM Modi Says 'Historic': 10 Points
India has jumped a massive 30 places to 100 in the World Bank's ease of doing business rankings this year, driven by reforms in access to credit, power supplies and protection of minority investors. Prime Minister Narendra Modi, who wants the country in the top 50 on the index, called the achievement "historic". India is closing the gap with China ...
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GST Deadline Ends, 40 Lakh Businesses File Returns For July
Filings under the Goods and Services Tax or GST continue to be below expectations, data shows. Out of a total 65 lakh taxpayers registered under the GST, only 40 lakh have filed returns under GSTR-1 for July. October 10 was the deadline to complete GSTR-1 filings for July
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Key GST Changes Expected For Relief To Businesses Today: 10 Points
A day-long meeting of the powerful GST council to revisit compliance rules for businesses and make what have been described as "structural changes" in the new national tax regime, has concluded. The review comes after feedback and complaints from businesses and amid criticism from the opposition over the way GST has been implemented. The focus toda...
-
Government To Sell 76% Stake In Air India, Give Up Management Control
The government today took the first step towards divesting the debt-ridden Air India, releasing an Expression of Interest and appointing multinational consultancy firm Ernst & Young as its advisor for the process, which is expected to be completed by December. The government has proposed to transfer management control of Air India along with the 76...
-
Nirav Modi Left India On Jan 1, Centre Moves To Cancel Passport: 10 Facts
Nirav Modi's home, showrooms and offices in Mumbai, Delhi and Surat were searched on Thursday after Punjab National Bank (PNB) complained of staggering fraud at the cost of the taxpayer to benefit the celebrity jeweller and others. Nirav Modi, recently seen in a group photo in Davos with Prime Minister Narendra Modi, flew out of India on January 1....
-
Punjab National Bank Says $1.8 Billion Fraud, A Nirav Modi Link: 10 Facts
Punjab National bank, India's second-largest government bank, reported on Wednesday that $1.8 billion or over Rs 11,000 crore of taxpayers' money had been illegally transferred abroad to select customers from a single branch in Mumbai. The revelation will affect the banking industry with the Finance Ministry asking all banks to investigate their bo...
-
Corporate Tax Should Be Reduced To 25%, Say Entrepreneurs
For new investments, government should give investment allowance, says C S Goel, Vice President, Federation of Indian Micro and Small and Medium Enterprises.
-
GST Council May Cut Rates On 70-80 Goods, Services, Streamline Returns Filing
The Council is expected to accept the suggestions to ease the compliance burden to ensure better collections under GST.
-
In War Against Black Money, Tax Officials Seized 900 Benami Properties
More than 900 properties including plot of land, buildings and bank deposits worth Rs 3,500 crores have been seized as part of the crackdown on benami properties declared by Prime Minister Narendra Modi in 2016.
-
Government Cracks Down On Firms Not Passing On GST Benefits, Notices Issued
The Directorate General of Safeguards, the investigative arm of the Revenue department of Finance Ministry, has started investigations in two cases
-
Demonetisation Caused Huge Disruption In Informal Sector: Former CEA Kaushik Basu
Kaushik Basu said that we often underestimate the effects of demonetisation and it caused a huge disruption in the informal sector, something that the official data doesn't capture
-
Economic Growth To Recover In Q2 From Three-Year Low, Say Experts
"GDP growth will expand to 6.4% in Q2 on the back of a pickup in industrial growth," said an economist.
-
GST Rates: Shampoo, Chocolate, Eating Out Cheaper After Big GST Cut - 10 Facts
Union Finance Minister Arun Jaitley on Friday announced a big overhaul of new national tax GST, saying only 50 items will remain in the highest tax slab of 28 per cent, with 178 others moved to the 18 per cent bracket effective November 15. Dining out will also become cheaper, with food at all restaurants in the country, except those in starred hot...
-
IndiGo, Clobbered For Passenger Assault Video, Pleads Self-Defence
A passenger is assaulted and dragged on the tarmac at the Delhi airport by the staff of IndiGo airlines in a video that has been widely shared since it emerged yesterday. "How dare you!" the furious passenger screams as he is manhandled and physically prevented from boarding a coach to the terminal after his plane landed in Delhi on October 15.
-
Automation Hits Hiring In State-Run Firms, Thousands Of Jobs Lost
MTNL leads the list of PSUs with the highest drop in hiring at 32.9% from 2011-12 to 2016-17.
-
India Jumps 30 Places In Ease of Business, PM Modi Says 'Historic': 10 Points
India has jumped a massive 30 places to 100 in the World Bank's ease of doing business rankings this year, driven by reforms in access to credit, power supplies and protection of minority investors. Prime Minister Narendra Modi, who wants the country in the top 50 on the index, called the achievement "historic". India is closing the gap with China ...
-
GST Deadline Ends, 40 Lakh Businesses File Returns For July
Filings under the Goods and Services Tax or GST continue to be below expectations, data shows. Out of a total 65 lakh taxpayers registered under the GST, only 40 lakh have filed returns under GSTR-1 for July. October 10 was the deadline to complete GSTR-1 filings for July
-
Key GST Changes Expected For Relief To Businesses Today: 10 Points
A day-long meeting of the powerful GST council to revisit compliance rules for businesses and make what have been described as "structural changes" in the new national tax regime, has concluded. The review comes after feedback and complaints from businesses and amid criticism from the opposition over the way GST has been implemented. The focus toda...
