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-
Karnataka High Court fines service tax commissioner for contravening tribunal order
In what could be a deterrent to tax officials who harass assessees, the Karnataka High Court earlier this month slapped a Bengaluru-based service tax commissioner (appeals) with a Rs 1-lakh fine — to be paid from his personal fund — for passing an order in contravention of a tribunal order in a similar matter. -
Strengthen NFRA to deal with challenges related to audit firms: Govt panel
A government-appointed committee of experts has recommended measures to strengthen the operation of the National Financial Reporting Authority (NFRA) to address contemporary challenges in relation to auditors, audit firms and networks operating in India, a government release has stated. -
West Bengal looking at merchant mining as possible revenue stream
West Bengal is looking at the possibility of merchant mining as a new revenue stream with the Centre allotting it the Deocha Pachami coal block, which holds one of the world’s largest reserves. -
Kerala’s Pravasi Chits garner 1,000 NRI subscribers in 5 days
Pravasi Chits, which the Kerala government floated to fetch funds for big-billed infrastructure projects, has garnered initial momentum, if its response from NRIs is any indicator. Within five days of the launch, the first cluster of 25 chit schemes has garnered 1,000 Gulf-based subscribers. -
WhatsApp to appoint India head by year-end
Under pressure to curb sinister and fake messages, WhatsApp said Wednesday it will appoint head of India operations by the year-end. -
Ease of Doing Business: Giant leap for India; to enter top 50, work on these areas, says Jaitley
Ease of Doing Business 2019: After being an underdog for years, India finally showed a huge progress on the World Bank's Ease of Doing Business ranking by jumping 53 ranks in the last two years. Yet, the dream to enter the 'top 50' club remained incomplete. -
Govt committed to economic reforms: Narendra Modi
India jumped 23 spots to 77th rank in World Bank#39;s Ease of Doing Business report. -
Ease of Doing Business: Big cheer from India Inc as India makes a massive jump yet gain this year
India's jump to the 77th position in the World Bank's Doing Business Report is an outcome of the reforms undertaken by the Narendra Modi government and will boost the country's investment attractiveness, industry bodies and experts said Wednesday. -
Arun Jaitley hails India's rise in 'Ease of Doing Business' index, targets top 50
India jumped from 100 to 77 in the World Bank's 'Ease of Doing Business' index and is ahead of neighbours China, Pakistan, Bangladesh, Nepal and Sri Lanka. -
India jumps 23 places to take 77th rank in World Bank's 'Ease of Doing Business' index
India has recorded a jump of 23 positions against its rank of 100 in 2017. -
Explainer | The key bone of contention between govt and RBI – money
There are several contentious issues underlying the tussle between the government and the Reserve Bank of India. Here’s a short explainer around the issues involved. -
What is section 7 of RBI Act? The never-used-clause that empowers govt to issue directions to RBI
Section 7 of the RBI Act, hogging headlines following reported differences between the North Block and the Mint Street, empowers the central government to issue directions to the Reserve Bank in public interest. -
Rupee slumps 27 paise to close at 3-week low of 73.95 against US dollar
Forex traders said increased demand for the US currency from importers and concerns around the rift between the government and the RBI weighed on the local unit. -
Ease of Doing Business 2019: GST, IBC big winners; list of reforms that put India among top 10 improvers
Ease of Doing Business 2019: India has jumped 23 places to secure 77th rank on the World Bank Ease of Doing Business index on the back many business-friendly reforms, with the Goods and Services Tax (GST) and the Insolvency and Bankruptcy Code (IBC) emerging as big winners. -
India jumps 23 spots, now ranks 77 in Ease of Doing Business
The World bank ranks countries based on 10 parameters, including starting a business, construction permits, getting electricity, getting credit, paying taxes, trade across borders, enforcing contracts, and resolving insolvency. -
India jumps 23 ranks on World Bank Ease of Doing Business; becomes South Asia leader
Ease of Doing Business 2019: By improving on six of the ten parameters, India has also made its place among top ten improvers in the world, for the second consecutive year. -
Investors richer by Rs 1.92 lakh crore as markets post sharp rally
Investor sentiment turned positive after the Finance Ministry issued a statement to dampen concerns over a spat between the government and the RBI. -
Amway India forays into air purifier market, launches Atmosphere Drive for passenger vehicles
The three-in-one filtration technology operates at three levels with over 300 contaminants removal performance. -
Now, Book unreserved rail tickets online, UTS mobile app launching tomorrow
The scheme is also open for those who want to buy tickets for travelling long distance. -
Core sector growth slows down to 4-month low of 4.3% in September
Eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 4.7 percent in September 2017. -
Tatas, TCS violated rules in sacking Mistry: RTI reply from RoC
Mistry was removed as TCS director with 93.11 per cent votes at the EGM held on December 13, 2016. -
Investor wealth surges Rs 1.92L cr as stocks recover
"After a volatile start, market sharply rebounded led by clarity over the independence of RBI by the government. Rupee pared some losses while strong global cues and stock specific actions supported the market to remain positive," said Vinod Nair, head of research, Geojit Financial Services Ltd. -
ED seeks custodial interrogation of Chidambaram in Aircel-Maxis case
The hearing on Chidambaram's plea will take place before Special Judge O P Saini on Thursday. -
Core sector growth slows down to 4-month low in Sept
Eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 4.7 per cent in September 2017. -
RBI Governor Urjit Patel may not quit, resignation reports baseless
Sources told Zeebiz that the reports of his resignation are utterly baseless. -
Jet Airways gets notices for payment delay, default
Jet Airways is facing heat from other quarters also who are waiting for payment of dues. The GVK lounge at Mumbai Airport for premium flyers has put a notice saying “please note that complimentary access at the GVK Lounge is currently not available for Jet Airways customers only. You may however access the lounge on a paid basis.” -
Tata Sons, TCS violated rules in sacking Cyrus Mistry: RTI reply
The right to information (RTI) reply, given by the assistant registrar of companies, on October 3, is in response to a RTI request filed by the investment arms of Shapoorji Pallonji Group on August 31. The reply said the way Mistry was removed from chairmanship of Tats Sons and also as director of TCS, violated the relevant legal provisions. -
World Bank Ease of Doing Business ranking: India nearing Modi’s ‘Top 50’ dream? We’ll find out today
If India manages to break into top 80s this year, Narendra Modi’s dream of making India one of the best countries to do business and rank in the Top 50 countries on the World Bank Ease of Doing Business may not be far away. -
Indian Railways to seek additional Rs 18,000 crore to complete projects: Report
The move comes as the Indian Railways has utilised 60 percent of the GBS budgeted for FY19. -
Pharma sector may post higher Q2 margins on falling rupee: Ind-Ra
About 9 percent year-on-year depreciation in the rupee in Q2FY19 will help pharmaceutical companies in passing on input cost hikes and manage the pricing pressure, it said. -
Sensex gains over 550 points, Nifty reclaims 10,350
Healthy buying was seen in Banking and IT stocks. -
CAIT seeks PM Modi#39;s intervention to exempt payment gateways from data localisation norms
The Reserve Bank had given six months time till October 15 to global payment companies to store transaction data of Indian customers within India. -
Markets rebound as Sensex ends 551 points up; Nifty above 10,350
On the BSE index, HDFC, IndusInd Bank, Infosys, Yes Bank, Sun Pharma and Axis Bank were among the major gainers with their stocks rising as much as 5.51 per cent. Except for Nifty Metal, all the sub-indices ended in green on the NSE platform, gaining as much as 4.07 per cent. -
Markets rebound as Sensex ends 551 points up
On the BSE index, HDFC, IndusInd Bank, Infosys, Yes Bank, Sun Pharma and Axis Bank were among the major gainers with their stocks rising as much as 5.51 per cent. Except for Nifty Metal, all the sub-indices ended in green on the NSE platform, gaining as much as 4.07 per cent. -
India will need $4.5 trillion till 2040 for infrastructure development: Amitabh Kant
Kant further said that there is an urgent need to restructure entire existing public private partnership (PPP) framework as there are delays in completion of infrastructure projects due to disputes. -
India needs to create 100 mn new job opportunities in next decade: Report
PwC#39;s Strategy report, #39;Nagarik: Inclusive growth through large-scale employment generation#39;, highlighted practical ways of raising employment across the country over the coming decade and noted how connecting local resources of the country#39;s smaller districts to markets can lead to large scale employment generation. -
Alarm bell’s ringing! In 15 years, India will start ageing, now is time for creating job opportunities
NITI Aayog CEO Amitabh Kant, said, "Nowhere is this challenge starker, then in the state of Uttar Pradesh, which is home to one-sixth of India's population and has one of the youngest population in India." -
Railway flexi fare: Government may offer upto 50% discount on premium trains
The new fare scheme may be announced ahead of the general elections. -
Sensex reclaims 34,000 despite rupee nearing 74
The NSE Nifty50 traded at 10,267.45 points during the afternoon trade session, up 69.05 points and 0.68 percent. -
Govt vs RBI: What is Section 7 of the RBI Act?
The alleged rift between the RBI and the government has spilled into the public domain recently. -
Amid reports of Urjit Patel resignation, FinMin says RBI’s autonomy ‘nurtured and respected’
As the rift widens between the government and the Reserve Bank of India (RBI), the Finance Ministry today said it has 'nurtured and respected' the regulator's autonomy, without mentioning if it has invoked Section 7 of the RBI Act amid media speculation -
Govt-RBI consultations are never made public, says Finance Ministry amid reports of rift
The government statement comes after reports that it has invoked never-before-used powers under Section 7 of the RBI Act. -
Autonomy of Reserve Bank 'essential', says finance ministry
The finance ministry, in a statement, said, "Both the government and the central bank, in their functioning, have to be guided by public interest and the requirements of the Indian economy. The statement further stated that "Government of India has never made public the subject matter of those consultations. Only the final decisions taken are communicated. -
Autonomy of RBI 'essential': Finance ministry
The finance ministry, in a statement, said, "Both the government and the central bank, in their functioning, have to be guided by public interest and the requirements of the Indian economy. The statement further stated that "Government of India has never made public the subject matter of those consultations. Only the final decisions taken are communicated. -
Working with tax department, regulators to ease rules for startups: DIPP Secy
The secretary also said that to increase availability of funds for startups, the department has asked Small Industries Development Bank of India (SIDBI) to commit Rs 3,300 crore by March next year. -
Global Power City Index: These 2 Chinese cities fall sharply on 44-city list; check how Indian cities fare
Global Power City Index 2018: The sharp fall in rankings of the two leading cities of China was partly due to the revision of indicators. -
Govt says central bank#39;s autonomy is essential under RBI Act
The governments in India have “nurtured and respected� the governance requirement, it said in a statement. -
P Chidambaram slams Centre for reportedly referring to never-used clause in RBI Act
The senior Congress leader said that the governments he was a part of in the past had never used Section 7 of the Reserve Bank of India Act of 1934, under which a direct order can be issued by the government to the central bank to carry out its wishes in "public interest". -
RBI Governor Urjit Patel may resign, reports say; rupee down
The RBI and the finance ministry declined to comment. -
SC asks Centre to submit details of pricing of 36 Rafale fighter jets
The apex court has directed the Centre to disclose information on the Rafale deal that should legitimately be put in public domain
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