Generally,profit of a partnership firm is divided among its partners in sync with their partnership deal.
Climate change can impact the amount and quality of livestock produce,says a report released by inter-governmental panel.
FY14 sees 16% decline in adjustments; department adds only Rs 59,000 crore to the profits attributed by multinationals, against Rs 70,000 crore a year ago
Delhi High Court quashes reassessment proceedings by Income Tax department.
The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.
State governments want the Centre to direct the 14th Finance Commission to compensate states for implementing pay scales, to be recommended by the pay panel.
The Finance Ministry is of the opinion that Vodafone might drag its tax dispute to court.
The government managed to raise revenues by sending notices to high net individuals to did not file I-T returns last year.
The Finance Ministry has asked top rung exectives of United bank of India to furnish bad loan recovery report on daily basis.
According to the final recommendations of an expert committee, the weight of primary (unprocessed) food items will go down by 0.5-1.0 percentage points in the new series compared to the current one
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It would be fair to say that markets are coming to the end of a down-cycle and are at the cusp of the next up-cycle.
To help compare numbers better, FinMin might retain the interim Budget Estimates with the new ones.
The finance ministry is working on a Cabinet note for establishing a full-fledged Public Debt Management Office, officials told Business Standard.
For 2014-15, the bill on this account is likely to be 12.8% more than in 2013-14.
India will extend the visa-on-arrival facility to all countries except eight with effect from September. The countries not covered under this single-entry e-visa facility, meant for purposes other than paid employment and education with a one-month time limit, are Pakistan, Sudan, Afghanistan, Iran, Iraq, Nigeria, Sri Lanka and Somalia. The facility is currently available to 11 countries, including New Zealand, Singapore, Luxembourg, Japan and Finland.
Only Rs 3,000 cr has been disbursed. Over 80% of these transfers were for cooking gas subsidy.
Details of identity and residence will not be required for exchange of notes between April 1 and June 30.
To check fiscal deficit, government needs to drastically cut Plan expenditure.
Infrastructure investments in politically-expedient sectors such as water supply, sanitation and irrigation have seen an increase during the first year of the 12th Five-Year Plan (2012-13 to 2016-17), but the same did not get replicated in other critical sectors.
The fourth finance ministerial meeting, to be held in New Delhi, will have Finance Minister P Chidambaram from the Indian side and Hyun Oh-seok, Deputy Prime Minister and minister of strategy and finance, from South Korea.
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