Cabinet approved draft bill for GST December 18, 2014 09:55
Union cabinet yesterday evening cleared decks for Constitution amendment bill for Goods and Services Tax (GST). GST introduction will be a major taxation reform initiative. GST will avoid the overlapping of State taxes and duties.…
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Crude oil price goes low December 16, 2014 11:04
With the effect of weak international economy. Crude oil rates plunged. A barrel now costs less than $60, which is the lowest since may 2009. On Monday, the Organization of the Petroleum Exporting Countries (OPEC)…
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Singapore's GIC helping Vatika Group for Residential project December 15, 2014 13:44
GIC Private Limited, formerly known as Government of Singapore Investment Corporation joined hands with Vatika Group for a residential project in Gurgaon worth of 2000 crore rupees. Vatika Group has its presence in Real Estate…
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"2015: Healthy year for Indian Economy"-Moody's December 10, 2014 10:32
"2015: Healthy year for Indian Economy" Moody's predicted in a report titled "2015 Outlook-Global Credit Conditions" "India will have stronger GDP growth in 2015, which we fore cast at 5-6 percent"-Moody's said As per Moody's…
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Congress nod to insurance bill in select committee: sources December 09, 2014 05:49
New Delhi: Narendra Modi government's reform process got support from the Congress to the Insurance Bill in the Select Committee, said sources. The government has proposed to increase foreign direct investment from 26 per cent…
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Essar Oil loses November 11, 2013 11:53
The oil refinery Essar Oil in the State of Gujarat again lost its case in Supreme Court in getting time to pay Sales Tax dues. Essar Oil’s plea for a rebate on Sales Tax to…
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Nokia's assets get freeze??? October 01, 2013 10:43
The news was into prominence that the Indian authorities have frozen some of Finnish telecom giant Nokia's assets, the company said during Tuesday, in the middle of a 20 billion rupee (S$400 million) tax argue…
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Microfinance Vanishing From AP? September 30, 2013 12:07
AP does not want what United Nations, World Bank, IFC, Swiss and even Government of India wants, exclaims Vijay Mahajan, Founder Chairman of Basix Microfinance. Basicx is working in nine countries. He says “It’s ironic…
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SpiceJet runs into net worth turbulence September 28, 2013 12:41
Airlines have been facing the heat with economic airline SpiceJet struggling to stay afloat. In recent turn of events, rising operational costs have clipped the firm's net worth. This has in turn raised further concerns…
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Stock markets downward slope September 20, 2013 11:29
Stock markets today declined rapidly by 2.7 per cent soon subsequent to the Reserve Bank's advocating war policy announcement in which it moved up the repurchase agreement rate by 0.25 per cent. In fact, the…
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Government offers breather to Aviation industry September 10, 2013 13:56
The government has requested states to cut value added tax (VAT) on jet fuel prices to offer a breather to the harassed Aviation industry. Relieving the airline sector, VAT on jet fuel is reduced to…
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Rock Star economist Raghuram in hot seat September 05, 2013 10:40
At present, the chair of the RBI chief is the hottest seat there is. Taking control is 'Rock star' economist Raghuram Rajan, who had been appointed as the 23rd RBI governor on 4th September. Rajan…
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