India lowers taxes on overseas borrowings
September 21st, 2012 - 3:48 pm ICT by IANS
New Delhi, Sep 21 (IANS) The government Friday reduced tax on overseas borrowings by domestic companies to five percent from 20 percent so that local companies could easily raise funds ... Read more...
Posted in Business |
Wadia Group companies form structure for common interests
August 6th, 2012 - 9:46 pm ICT by IANS
Kolkata, Aug 6 (IANS) The Wadia Group has floated a formal structure under NowrosjeeWadia & Sons Ltd (NWS) to help group companies in sectors like food, airline, textile and ... Read more...
Posted in Business |
PM sets up committee to review taxation of IT sector
July 30th, 2012 - 3:08 pm ICT by IANS
New Delhi, July 30 (IANS) Prime Minister Manmohan Singh Monday set up a committee to review taxation of "development centres" and IT sector, with a view to bring more ... Read more...
Posted in Business |
China allows private investment in defence sector
July 19th, 2012 - 7:43 pm ICT by IANS
Beijing, July 19 (IANS) China has pledged to open its defence-related industries to private capital in a "fair and safe manner", according to an investment guideline unveiled by the government ... Read more...
Posted in World |
Hoping service tax target will be exceeded: Mukherjee
June 20th, 2012 - 9:20 pm ICT by IANS
New Delhi, June 20 (IANS) Finance Minister Pranab Mukherjee said Wednesday service tax collections surged by 40 percent in the first two months of the current financial year and ... Read more...
Posted in Business |
Serbia to have world’s largest solar park
May 9th, 2012 - 10:29 am ICT by IANS
Belgrade, May 9 (IANS) The Serbian government has signed a memorandum to build the world's largest solar park in the southeast European nation at an estimated cost of two billion ... Read more...
Posted in Uncategorized |
Haryana seeks Rs 3,000 crore from centre
April 22nd, 2012 - 4:04 pm ICT by IANS
Chandigarh, April 22 (IANS) Haryana has sought Rs.3,000 crore from the central government to compensate for the loss of revenue due to the reduction of central sales tax (CST) rates ... Read more...
Posted in Business |
No strike now: Bollywood happy with tax exemption (Lead)
March 16th, 2012 - 9:10 pm ICT by IANS
Mumbai, March 16 (IANS) Producer Mukesh Bhatt is delighted with the government's decision to exempt the film industry from service tax. Filmmaker Goldie Behl termed it positive news.The film ... Read more...
Posted in Business |
Reforms in China bringing opportunities: Official
March 4th, 2012 - 4:29 pm ICT by IANS
Beijing, March 4 (IANS) China's social and economic reforms have brought new opportunities to the country, a top official said Sunday."The deeper the reform proceeds, the more difficulties and resistance ... Read more...
Posted in Politics |
Pakistanis avoid paying taxes, admits daily
February 23rd, 2012 - 4:33 pm ICT by IANS
Islamabad, Feb 23 (IANS) Pakistanis are deeply wedded to tax avoidance, said a daily that added were it to be better managed there will be "no need to pass ... Read more...
Posted in World |
Haryana to disallow liquor vends near schools, hospitals
February 20th, 2012 - 9:52 pm ICT by IANS
Chandigarh, Feb 20 (IANS) No retail liquor outlet would be allowed near educational and religious institutions and hospitals in Haryana, Excise and Taxation Minister Kiran Choudhry said Monday.In a statement ... Read more...
Posted in Business |
Punjab warns against illegal liquor at weddings
November 17th, 2011 - 7:28 pm ICT by IANS
Chandigarh, Nov 17 (IANS) The Punjab government Thursday cautioned people against illegally serving liquor in marriages and other ceremonies."People organising functions in marriage palaces and banquet halls or at any ... Read more...
Posted in Business |
What tax will Reliance pay, Supreme Court asks centre
August 23rd, 2011 - 2:58 pm ICT by IANS
New Delhi, Aug 23 (IANS) The Supreme Court Tuesday asked the centre to specify whether Reliance Industries Limited (RIL) was liable to pay Central Sales Tax (CST) or the local ... Read more...
Posted in Uncategorized |
Raise tobacco taxes to curb deaths: US expert
August 9th, 2011 - 12:00 am ICT by IANS
New Delhi, Aug 8 (IANS) Increasing taxes on tobacco can save up to a million lives, the US Centers for Disease Control and Prevention director Thomas R. Frieden said here ... Read more...
Posted in Uncategorized |
Meghalaya’s married job seekers need to give wedlock proof
August 8th, 2011 - 6:53 pm ICT by IANS
Shillong, Aug 8 (IANS) Married people in Meghalaya now have to present wedlock certificates to apply for jobs and driving licences, an official said Monday."It is now mandatory for people ... Read more...
Posted in Uncategorized |
Finance ministry asked to adopt negative list under GST
July 24th, 2011 - 3:03 pm ICT by IANS
New Delhi, July 23 (IANS) A leading industry lobby has urged the finance ministry to introduce a negative list under the proposed Goods and Services Tax (GST)The Federation of Indian ... Read more...
Posted in Business |
Montek opposes mandatory corporate social responsibility
July 11th, 2011 - 9:45 pm ICT by IANS
New Delhi, July 11 (IANS) Planning Commission Deputy Chairman Montek Singh Ahluwalia Monday opposed the proposal of making it mandatory for corporates to contribute to the social responsibility initiative."There are ... Read more...
Posted in Business |
Romney’s comment of ‘hanging Obama’ sparks controversy
May 1st, 2011 - 1:18 pm ICT by ANI
Washington, May 1 (ANI): Comments by Mitt Romney, the front-runner for the Republican party's 2012 presidential nomination, about 'hanging' US President Barack Obama has sparked controversy.Romney, a former governor of ... Read more...
Posted in World |
Liquor costlier in Himachal Pradesh
March 10th, 2011 - 10:49 pm ICT by IANS
Shimla, March 10 (IANS) The Himachal Pradesh government Thursday approved the new excise policy for 2011-12. The policy aims at raising excise revenue, checking liquor smuggling, banning the use of ... Read more...
Posted in Business |
Punjab hikes liquor prices
February 22nd, 2011 - 10:12 pm ICT by IANS
Chandigarh, Feb 22 (IANS) Liquor -- both country liquor and Indian made foreign liquor (IMFL) -- will cost substantially more in Punjab under the new excise policy for 2011-2012 announced by the ... Read more...
Posted in Business |
Chidambaram seeks apt mechanism for stable prices to check inflation
January 6th, 2011 - 12:55 pm ICT by ANI
New Delhi, Jan 6 (ANI): Expressing concern over the high price of various commodities, Union Home Minister P. Chidambaram has said the government, does not have a magic wand to control ... Read more...
Posted in National |
Airlines told to publish date-wise air fares
December 6th, 2010 - 9:37 pm ICT by IANS
New Delhi, Dec 6 (IANS) The airline industry Monday agreed to publish data-wise fares in all categories by Dec 8 on their websites following a directive from the aviation regulator.The directive from ... Read more...
Posted in Business |
DTC Bill to be tabled in Parliament today
August 30th, 2010 - 11:38 am ICT by ANI
New Delhi, Aug 30 (ANI): Finance Minister Pranab Mukherjee is likely to introduce the Direct Taxes Code (DTC) Bill in Parliament today.The Bill has proposed to raise the basic exemption ... Read more...
Posted in National |
Himachal increases VAT on luxury items
July 14th, 2010 - 8:54 pm ICT by IANS
Shimla, July 14 (IANS) Luxury goods will become costlier in Himachal Pradesh as the government has decided to increase the value-added tax (VAT) from Thursday, an official said here Wednesday.
"VAT on certain ... Read more...
Posted in Business |
Malaysian minister wants sports betting legalised
June 23rd, 2010 - 7:55 pm ICT by IANS
Kuala Lumpur, June 23 (IANS) A Malaysian minister Wednesday sought sports betting and gambling to be legalised to end the black market and suggested that the revenue accrued be diverted to welfare ... Read more...
Posted in Sports |
Indian-American SMEs plan Rs.1,500 crore IT facility
June 1st, 2010 - 10:25 pm ICT by IANS
Hyderabad, June 1 (IANS) Small and medium enterprises owned by Indian-Americans plan to set up an IT incubation facility here with an investment of Rs.1,500 crore.
Small and Medium Enterprises Consortium (SMEC) made ... Read more...
Posted in Business |
$3.3 mn found inside TV sets in Mexico
May 5th, 2010 - 9:20 am ICT by IANS
Mexico City, May 5 (IANS) Police have seized $3.3 million in cash hidden inside television sets at the international airport here in the Mexican capital.
Some cash was also hidden inside massage tables, ... Read more...
Posted in World |
US group that sent ominous letters to 50 governors says ideology inspired by Gandhi
April 4th, 2010 - 2:15 pm ICT by ANI
Washington, Apr. 4 (ANI): An anti-taxation American group, which recently asked all 50 US governors to leave office within three days or they would be removed, is now claiming that its non-violent ... Read more...
Posted in World |
Renault-Nissan announce plans for infra low-cost car with Bajaj
November 10th, 2009 - 6:09 pm ICT by ANI
New Delhi, Nov. 10 (ANI): Indian carmaker Bajaj Auto has signed an agreement with Renault-Nissan Alliance to manufacture and market an infra low-cost car that would hit the market in 2012."We've been ... Read more...
Posted in Business |
Airtel brings service tax operations under one roof (Lead)
November 6th, 2009 - 10:58 pm ICT by IANS
New Delhi, Nov 6 (IANS) Telecom service provider Bharti Airtel Friday launched a centre where functions relating to human resource, supply chain, finance and service taxes would be undertaken under one roof. ... Read more...
Posted in Business |
Airtel launches centre on tax issues
November 6th, 2009 - 8:44 pm ICT by IANS
New Delhi, Nov 6 (IANS) Telecom service provider Bharti Airtel Friday launched a centre where functions relating to human resource, supply chain, finance and tax would be undertaken for the entire company. ... Read more...
Posted in Business |
Punjab receives good response for e-filing of VAT returns
October 26th, 2009 - 8:59 pm ICT by IANS
Chandigarh, Oct 26 (IANS) E-filing of value-added tax (VAT) returns, made mandatory for certain categories of tax payers by the Punjab government, has received good response in the first phase, a government ... Read more...
Posted in Business |
Expert panel to examine petroleum products’ pricing
September 3rd, 2009 - 5:39 pm ICT by IANS
New Delhi, Sep 3 (IANS) The government has constituted an expert group to examine and give its recommendations on pricing of petrol, diesel, cooking gas and kerosene, the petroleum ministry said Thursday.
The ... Read more...
Posted in Business |
Brad Pitt for Mayor?
August 14th, 2009 - 4:43 pm ICT by Sampurn Wire
The Hollywood actor is being repeatedly asked by residents of the city to run for public office. This request is after he helped to rebuild the Lower Ninth Ward area after ... Read more...
Posted in Entertainment |
Brad Pitt thinks he won’t make a good mayor
August 14th, 2009 - 2:44 pm ICT by ANI
Washington, Aug 14 (ANI): Brad Pitt has laughed off speculations that he could run for the post of mayor in his adopted home of New Orleans, Louisiana.The 'Troy' star apparently has ... Read more...
Posted in Entertainment |