Shine Jacob And Vrishti Beniwal

Stories by Shine Jacob And Vrishti Beniwal

Govt may not be able to keep fiscal deficit at 5.1%

Govt may not be able to keep fiscal deficit at 5.1%

Rediff.com   22 Oct 2012

Spectrum auction and divestment proceeds likely to disappoint, subsidies are likely to overshoot the Budget target and there might also be some shortfall in tax collections.

Soon, 'Nitol-Tata' shoes, cycles in Bangladesh

Soon, 'Nitol-Tata' shoes, cycles in Bangladesh

Rediff.com   8 Oct 2012

The Tata Group's agreement with one of the largest conglomerates in Bangladesh, the Nitol Niloy group, to make footwear and bicycles is likely to bear fruit soon.

Rs 25 lakh in service tax? File monthly returns

Rs 25 lakh in service tax? File monthly returns

Rediff.com   8 Oct 2012

Those paying more than Rs 25 lakh in service tax will soon have to file their returns every month instead of once in six months.

'Parekh panel ideas on infrastructure funding premature'

'Parekh panel ideas on infrastructure funding premature'

Rediff.com   8 Oct 2012

IIFCL Chairman S K Goel says the recommendations are premature, as the state-run lender's role as a guarantor for long-term funds would depend on the success of the Credit Enhancement Scheme and Infrastructure Debt Fund.

Induction cooker makers cashing in on LPG cap

Induction cooker makers cashing in on LPG cap

Rediff.com   4 Oct 2012

Now, the Rs 1,200 crore induction cooker industry has got a much needed boost to go for an all out marketing battle against the gas stove segment pegged at Rs 1,300 crore.

Home buyers worried: FM offers balm

Home buyers worried: FM offers balm

Rediff.com   3 Oct 2012

Stuck projects to spring back to life with fresh lending; cut in end prices to benefit buyers.

Positive list in service tax could return

Positive list in service tax could return

Rediff.com   2 Oct 2012

A positive list for taxation of services might be back, though only for accounting purposes.

Reforms: What's next on UPA's agenda?

Reforms: What's next on UPA's agenda?

Rediff.com   24 Sep 2012

FinMin talking to Irda on many issues, meeting Chidambaram this week.

Rolling back excise on diesel to deal Rs 60-bn blow

Rolling back excise on diesel to deal Rs 60-bn blow

Rediff.com   20 Sep 2012

The government would take a hit of about Rs 6,000 crore (Rs 60 billion) this year if it rolls back the excise duty of Rs 1.5 per litre on diesel it levied last week.

Will Chidambaram stick to Pranab's choice?

Will Chidambaram stick to Pranab's choice?

Rediff.com   10 Sep 2012

Finance Minister P Chidambaram will soon have to decide whether to stick by his predecessor's choice of former Reserve Bank governor Y V Reddy for chairmanship of the 14th Finance Commission, to be set up next month.

TDS on service tax kept in abeyance

TDS on service tax kept in abeyance

Rediff.com   10 Sep 2012

The finance ministry is instead thinking of expanding the list of services on which the tax would be levied under the reverse charge mechanism.

PSUs may be asked to hunt for cheap assets abroad

PSUs may be asked to hunt for cheap assets abroad

Rediff.com   5 Sep 2012

The finance ministry may ask cash-rich public sector undertakings (PSUs) to invest in foreign assets that are currently available at cheap rates due to the global economic slowdown.

FM to meet life insurers on September 1

FM to meet life insurers on September 1

Rediff.com   29 Aug 2012

Finance Minister P Chidambaram has called a meeting of officials from life insurance companies on September 1. The meeting is aimed at improving insurance penetration and addressing concerns of companies in the sector.

Saregama to exit film production

Saregama to exit film production

Rediff.com   17 Aug 2012

"We will come up with a new brand identity next month and have already assigned one agency for this. It will be a new branding for Saregama, with a more youthful and uncluttered logo. We have chalked out the future road map. While there are plans to enter the television space more aggressively, we are exiting the films business," said Sanjiv Goenka, chairman of the Group.

Bank chief selection norms may change

Bank chief selection norms may change

Rediff.com   9 Aug 2012

The finance ministry has proposed to remove from the guidelines a clause on the lateral movement of small and mid-sized banks' heads to large banks.

Inflation, poor monsoon hit consumption in E India

Inflation, poor monsoon hit consumption in E India

Rediff.com   1 Aug 2012

Last year, Ashok Das, a farmer-cum-fisherman from the small industrial town of Rishra in the Hooghly district of West Bengal, had promised his younger son a branded television.

ED may impose penalty on Reebok for Fema violation

ED may impose penalty on Reebok for Fema violation

Rediff.com   27 Jul 2012

The Enforcement Directorate (ED) is proposing a penalty on German sportswear giant Adidas' subsidiary Reebok India for alleged violations of the Foreign Exchange Management Act (Fema).

States await Centre's nod for foreign trips

States await Centre's nod for foreign trips

Rediff.com   24 Jul 2012

Prime Minister Manmohan Singh seems to be sitting on the proposal, while requests continue to flow in from states to add more names to the delegation.

Facebook, Ficci to campaign in six cities to woo SMEs

Facebook, Ficci to campaign in six cities to woo SMEs

Rediff.com   10 Jul 2012

The social media giant is planning to launch roadshows in these locations as part of its 'SMB Boost' programme.

Show us the money, don't sit on it: Govt to rich PSUs

Show us the money, don't sit on it: Govt to rich PSUs

Rediff.com   18 Jun 2012

Says invest Rs 1.2 lakh cr or offer special dividend or give surplus cash back.