Govt to recap banks with Rs 70k cr to boost lending
New Delhi, Aug 23 (IANS) Faced with an acute credit crunch following the NBFC crisis, the government has decided to provide Rs 70,000 crore to the banks up front to enable them lend Rs 5…
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NRAI hits back at Zomato CEO with #ZoGoisNoGo campaign
New Delhi, Aug 23 (IANS) A day after Zomato CEO Deepinder Goyal taunted Rahul Singh, President of the National Restaurant Association of India (NRAI), on Twitter and logged out of the restaurants’ #logout campaign against…
Govt rolls back surcharge on FPIs to check capital outflow
New Delhi, Aug 23 (IANS) With an aim to check the massive outflow of foreign portfolio investment since the Budget, the government on Friday withdrew the surcharge levied on them. As a result, the tax…
Centre to infuse Rs 70k cr upfront into PSBs
New Delhi, Aug 23 (IANS) The Central government will “upfront” infuse Rs 70,000 crore into public sector banks for extending additional lending. At present, the economy has been impacted by a consumption slowdown which is…
Sindhu, Praneeth assure medals in World Championships
Basel (Switzerland), Aug 23 (IANS) Shuttler Sai Praneeth on Friday ended India’s 36-year wait for a medal in the men’s section of the BWF World Championships by sealing his place in the semifinals of the…
Government gives major boost to auto sector
New Delhi, Aug 23 (IANS) The Central government on Friday gave a major boost to the automobile industry by announcing a slew of measures to reverse slowdown denting the sector. At present, the sector has…
FM comes hard on ‘tax terror’; introduces ‘faceless’ scrutiny
New Delhi, Aug 23 (IANS) Finance Minister Nirmala Sitharaman on Friday said that tax authorities do not have to overreach or harass as the tax targets set in the Budget are well within achievable limits….
Big relief for markets as controversial FPI levy rolled back
Mumbai, Aug 23 (IANS) Indian capital and currency markets are poised for a strong recovery after Finance Minister Nirmala Sitharaman on Friday announced the roll back of the contentious tax surcharge on the Foreign Portfolio…
Will appeal against WADA suspending NDTL: Rijiju
New Delhi, Aug 23 (IANS) Union Sports Minister Kiren Rijiju has made his disappointment known after the World Anti-Doping Agency (WADA) suspended the National Dope Testing Laboratory (NDTL) for six months starting August 20. Speaking…
India can lead in standardising ethical use of AI: Microsoft
By Gokul Bhagabati New Delhi, Aug 23 (IANS) With the government focusing on the use of Artificial Intelligence (AI) and Machine Learning (ML) as people are increasingly adopting digital technologies, India can lead in setting…
Delhi HC order copied from ED note, say Chidambaram counsel
By Sumit Saxena New Delhi, Aug 23 (IANS) Senior Congress leader P. Chidambaram’s lawyer on Friday alleged that the Delhi High Court order, denying him anticipatory bail in the INX Media case, was a “cut-copy-paste…
Authorities don’t have to overreach, tax targets achievable: FM
New Delhi, Aug 23 (IANS) Responding to India Inc’s calls for measures to curb “tax terrorism”, Finance Minister Nirmala Sitharaman on Friday said that tax authorities do not have to overreach as the tax targets…
NRAI hits back at Zomato CEO, begins #ZoGoisNoGo campaign
New Delhi, Aug 23 (IANS) A day after Zomato CEO Deepinder Goyal taunted Rahul Singh, President of the National Restaurant Association of India, on Twitter and logged out of the restaurants’ #logout campaign against the…
No angel tax on startups, their investors: FM
New Delhi, Aug 23 (IANS) In a major relief to entrepreneurs and startups, Finance Minister Nirmala Sitharaman on Friday announced that the ‘angel tax’ provision will be withdrawn for startups and their investors. Announcing measures…
Big relief for markets as controversial FPI tax rolled back
New Delhi, Aug 23 (IANS) Finance Minister Nirmala Sitharaman on Friday announced the roll back of the controvertial tax surcharge on the Foreign Portfolio Investment (FPIs) announced in the Budget last month. “The enhanced surcharge…
Keeping an eye on WADA-NADA fiasco & road ahead: BCCI CoA
By Baidurjo Bhose New Delhi, Aug 23 (IANS) The Supreme Court-appointed Committee of Administrators (CoA) running the show at the Board of Control for Cricket in India (BCCI) has not only taken note of the…
3 dead, over 60 injured in Bengal temple stampede
Kolkata, Aug 23 (IANS) At least three pilgrims died and more than 60 others were injured in a stampede early on Friday after a portion of a wall near a temple in West Bengal’s North…
Finance Minister outlines plan to curb ‘tax terrorism’
New Delhi, Aug 23 (IANS) Amidst concerns of rising harassment of corporates by tax officials and authorities, Finance Minister on Friday said that the government would take measures to curb such instances, including the introduction…
SC gives Chidambaram interim protection in INX case
New Delhi, Aug 23 (IANS) The Supreme Court on Friday granted interim protection from arrest, till August 26, to former Finance Minister P. Chidambaram in the INX Media money laundering case being probed by the…
3 dead in Bengal stampede
Kolkata, Aug 23 (IANS) Three persons died while over two dozen were injured in a stampede early on Friday after a portion of a temple wall in West Bengal’s North 24 Parganas district collapsed, police…