Swachh Bharat Tax Comes into Effect
New Delhi, Nov 15 (IANS) The levy of 0.5 percent Swachh Bharat cess on taxable services came into effect from Sunday. With the imposition of the cess, the service tax rate will go up from…
Finance
Haryana Tyre Repairer Gets a Rs.77-Crore Power Bill Shocker
Chandigarh, Nov 15 (IANS) An owner of a small tyre repair shop in Haryana’s Faridabad town was handed over an electricity bill of over Rs.77 crore, leaving him utterly “shocked”. The owner of Surinder Auto…
Rice Prices May Reach a ‘Boiling Point’: Assocham
New Delhi, Nov 15 (IANS) With India experiencing spiralling pulse-prices, Assocham on Sunday called for close monitoring of food prices, warning that rice prices may soon reach “boiling point” with stocks falling fast as a…
LPG Subsidy for Consumers with over Rs.10 Lakh Income to Be Lifted
Hyderabad, Nov 14 (IANS) The central government is planning to withdraw subsidy on cooking gas for people with annual income of over Rs.10 lakh, union minister M. Venkaiah Naidu said here on Saturday. “Why do…
IMF Sees India as Bright Spot in Global Economy
Washington, Nov 12 (IANS) Calling the Indian economy a bright spot “in an environment of increased uncertainty”, the International Monetary Fund (IMF) on Thursday said India’s growth will benefit from recent policy reforms, a consequent…
India’s Factory Output Decelerates, Inflation Firms up
New Delhi, Nov 12 (IANS) India’s factory output growth decelerated sharply to 3.6 percent in September from 6.4 percent in the month before, even as the annual retail inflation for October moved up significantly to…
RBI Employees to Go on Mass Casual Leave on November 19
Mumbai, Nov 12 (IANS) Reserve Bank of India (RBI) employees will go on a day’s mass casual leave on November 19 to protest the government’s move to take away from the central bank some of…
World’s Most Good Samaritans Are in India
New Delhi, Nov 10 (IANS) India has more people who help strangers, donate money or volunteer their time for a good cause than any other country, a report prepared by an international non-profit organisation said…
Samvat 2071 Worst in Four Years for Key Indian Equity Index
Mumbai, Nov 10 (IANS) Samvat 2071 proved to be the worst in four years for a key Indian equities index, which shed over 1,100 points or 4.13 percent, as Diwali-to-Diwali Hindu fiscal year drew to…
Indian-American Giving Could Dwarf US Aid to India: Report
Washington, Nov 10 (IANS) The Indian-American diaspora among the top ten percent earners in the US has the capacity to give to India at levels that could dwarf official US development aid there, according to…
Cheaper Gold Evokes Brisk Buying of Gold on Dhanteras
New Delhi/Bangalore/Chennai/Kolkata/Mumbai, Nov 9 (IANS) Thanks to a dip in the prices of gold this year, brisk buying of the precious metal was seen on Monday as people opened their purse strings for Dhanteras. The…
Markets Crash over Bihar, Sensex down 144 Points
Mumbai, Nov 9 (IANS) Investor sentiments were subdued on Monday, a day after the BJP-led coalition suffered a rout in the Bihar assembly polls. This led a barometer index of the Indian equities to provisionally…
Saudi King Books Entire Luxury Hotel in Turkey for G20 Visit
Ankara, Nov 8 (IANS) Saudi King Salman bin Abdulaziz has booked an entire hotel in Turkey’s southern Antalya province during his 18-day visit to the city as part of the G20 Summit to be held…
Highlights of Power Distribution Companies Debt Restructure Plan
New Delhi, Nov 5 (IANS) The government on Thursday approved a mega financial revival plan for the power distribution companies involving states, banks, electricity generation firms and Coal India. The salient features of the mega…
Moody’s Raises Indian Bank Sector Outlook to ‘Stable’ from ‘Negative’
New Delhi, Nov 2 (IANS) Moody’s Investors Service on Monday upgraded its outlook for India’s banking system to “stable” from “negative” based on expectation of a lesser growth in banks’ bad loans in future. The…
Tax Evasion Will Be Difficult When Information Exchange Comes: Jaitley
New Delhi, Nov 2 (IANS) Finance Minister Arun Jaitley on Monday said with real-time global automatic exchange of information system coming into effect in a couple of years, tax evasion and money laundering will become…
Tension in India Due to Provocation of Minorities: Moody’s
Chennai, Oct 30 (IANS) The belligerent provocation of various Indian minorities has raised ethnic tensions, says Moody’s Analytics in a report that warned of “a possible increase in violence”. In a report titled `India Outlook:…
Apple Posts Annual Earnings of $53.4 Bn
San Francisco, Oct 28 (IANS) Technology giant Apple has announced a profit of $11.12 billion for the last fiscal quarter and posted earnings of $53.4 billion for the entire year. Figures for the last quarter…
Shah Rukh Gets Second ED Summons in Six Months
Mumbai, Oct 27 (IANS) For the second time in six months, the Enforcement Directorate (ED) has slapped a notice summoning Bollywood superstar Shah Rukh Khan in connection with the valuation of shares of his co-owned…
Luxuriousness of Amaravati Villages
Vijayawada: Opulence is more visible in the capital villages these days. It is not just bikes and posh duplex houses that display wealth. It is more than that. Elevators in the residential houses and horses…