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Finance Commission Report

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Budget Session likely to begin from January 31

The early tabling of the financial Budget ends a 70-year tradition, reports Archis Mohan/Business Standard. The Narendra Modi government on Tuesday did away with the long-winded first week of the......

TN Farmer commits suicide after financiers seize tractor

A young farmer in Tamil Nadu committed suicide after officials of a private finance firm seized his tractor to recover Rs 2 lakh dues and allegedly insulted and abused him, setting of condemnation......

JPC report on 2G scam submitted to Lok Sabha speaker

The controversial report of the Joint Parliamentary Committee, which gave a clean chit to Prime Minister Manmohan Singh in the 2G spectrum scam saying he was "misled" by the then Telecom Minister A......

Gangrape: We are trying to find lasting solution, says PC

Finance Minister P Chidambaram on Wednesday said that a commission, headed by retired Justice Usha Mehra, will probe the Delhi gang-rape case and submit its report in three months. "The commission......

CIC to seek political parties' income tax details

The Central Information Commission will seek a report from Income Tax department and Directorate of Estate regarding tax exemptions claimed by political parties and their assets to ascertain......

FinMin yet to take a call on 'tax on cash'

A committee on digitalisation headed by Andhra Pradesh Chief Minister Chandrababu Naidu had in an interim report recommended taxing cash transactions of at least Rs 50,000 to promote digital......

'Budget has adequate pay panel provision'

Ashok Lavasa, left, the finance secretary, spoke to reporters after the briefing by Finance Minister Arun Jaitley on the government's approval of the pay commission recommendations on salary and......

For panchayats, financial freedom is a distant dream

The Finance Commission has substantially increased the allocation of funds to panchayats, but a large part of it is apportioned by state governments. By increasing the share of states in the......

FinMin may stick to 3.5% fiscal deficit for FY17

Modi govt faces extra spending burden due to policies like 7th Pay Commission and OROP With less than 40 days left for Finance Minister Arun Jaitley to present Union Budget 2016-17, its makers are......

Pay commission could spook India's fiscal plans

Govt is likely to find it hard to meet deficit target next year. In the wake of the Seventh Pay Commission's report, the Central government will find it tough to meet all three objectives -......

'Reports suggesting I could be deported have no basis'

Former IPL Commissioner Lalit Modi has rubbished media reports that the Indian government has sought help of British authorities to deport him from the United Kingdom, saying such stories were......
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China to relax further curbs on foreign investment

BEIJING (Reuters) - China on Wednesday relaxed restrictions on foreign investment, removing 30 entries from a list to allow more access into its... ...

http://www.sify.com/finance/china-to-relax-further-curbs-on-foreign-investment-news-default-rg2pfuhbbchee.html
Study

Hydro power projects of 13,363 megawatt capacity are stranded at various stages of development and reported a cost overrun of Rs 52,697 crore, a... ...

http://www.business-standard.com/article/pti-stories/delayed-13k-mw-hydro-projects-to-cost-rs-52-600-cr-more-study-117062800657_1.html
NHRC issues notice to Rajasthan Govt. over Dausa humiliating graffiti

Taking suo motu cognisance of the humiliating graffiti on the houses of BPL families in Rajasthan's Dausa district, the National Human Right... ...

http://www.business-standard.com/article/news-ani/nhrc-issues-notice-to-rajasthan-govt-over-dausa-humiliating-graffiti-117062800416_1.html
China commissions biggest new generation naval destroyer

China's Navy today launched its biggest new generation destroyer weighing 10,000 tonnes as part of a massive expansion to become a global naval... ...

http://www.business-standard.com/article/pti-stories/china-commissions-biggest-new-generation-naval-destroyer-117062800270_1.html
China big caps buoyed by foreign interest; HK fall as 2nd board hit record low

* SSEC +0.1 pct, CSI300 -0.1 pct, HSI -0.4 pct * SSE50 Index to hit near 2-yr-high on rising foreigninterest * Hong Kong's second board hit record... ...

http://www.sify.com/finance/china-big-caps-buoyed-by-foreign-interest-hk-fall-as-2nd-board-hit-record-low-news-economy-rg2kEcihecgdc.html

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