The SIT was created by Supreme Court and notified by the government last year to curb black money.
This demand comes at a time when the government is falling short of its revenue targets due to dwindling tax and low disinvestment receipts. It could account for the dividend in the upcoming Union Budget on February 1. RBI is, however, yet to take a final call on the government's demand and might decide on this at its central board meeting scheduled for February 15 in New Delhi.
In a statement by BCCI secretary Jay Shah, 'the move was made considering the monsoon season in India in the months of September-October this year'.
'Some of the conditions put forth by the UAE authorities make it next to impossible for the PCB to host the matches in UAE.'
Voters can be relied on to punish a party which makes reckless promises without actually implementing them, asserts Virendra Kapoor.
President Ram Nath Kovind on Monday appointed Chandra as 24th CEC on Monday.
The government has given an option to telcos to pay back interest on dues through equity and also conveyed that it has no interest in acquiring any telecom company, a top official of debt-ridden Vodafone Idea has said. Vodafone Idea Ltd (VIL) managing director and CEO Ravinder Takkar in an interview to PTI said it is clear that the government wants the company to compete in the market and there should be at least three private service providers in the telecom sector. "I have had many many interactions across various parts of the government leading up to this announcement (telecom reforms).
While the ratio determines the extent to which the government is able to finance its expenditure, it is also an indicator of tax compliance. Developed countries have a higher contribution of tax to their GDP.
As the start-up ecosystem undergoes revenue losses and client attrition, 5paisa.com had a good quarter recently in terms of client addition and continues the streak of business growth in the April-June period so far.
Originally, the ICC had agreed to give US$293 million but, after hectic negotiations, its chairman Shashank Manohar agreed to increase it by US$100 million.
Sebi on Monday barred total 85 entities, including Sunrise Asian Ltd, from the capital markets for up to one year for manipulating the company's share price. In its order, the regulator restrained Sunrise Asian and its then five directors from the capital markets for one year and the 79 connected entities for six months. The Securities and Exchange Board of India (Sebi) had conducted an investigation in the scrip of Sunrise Asian for the period from October 16, 2012 to September 30, 2015, based on a reference received from the Principal Director of Income Tax (Investigation), Kolkata.
Baba Ramdev's Patanjali Ayurved is considering bidding for the title sponsorship of the upcoming Indian Premier League, according to a company official.
Monetising online readership, a deeper focus on content and getting revenue from the reader are ways to make the business future-proof, observes Vanita Kohli-Khandekar.
PCB Chairman Ehsan Mani had insisted that although the PCB had suffered losses because of absence of series against India but it can live without playing them. The PCB also faced financial disagreements with its last broadcaster over the unscheduled home series against West Indies etc.
ATP tournaments incurred losses of between $60 and $80 million last year, hurt by last-minute cancellations
Cricket Australia, who is undergoing financial due to global lockdown, received a boost with the government set to give the Indian team international travel exemptions.
Last week, the International Cricket Council (ICC), after a board meeting, said a decision regarding the tournament will be made next month.
'We spent considerable time re-skilling all the employees, and then we created a new focus called the 'One Infosys'.'
Prime Minister Narendra Modi on Wednesday undertook an aerial survey of affected areas in Gujarat and the adjoining Union territory of Diu to assess the devastation caused by Cyclone Tauktae.
Mani said if the Indian team visits its neighbours, it will be a 'big breakthrough' for Pakistan cricket.
Pakistan will be competing in a three-Test and three-T20 series starting July 30 in a bio-secure environment owing to the threat posed by the COVID-19 pandemic.
Mumbai-based Dream11, which is run by Sporta Technologies Private Limited, reported a profit of Rs 181 crore (Rs 1.81 billion) in FY2020, making it one of the few Indian consumer-tech unicorns to have turned profitable.
'Messi's departure is a move that helps Florentino. Imagine that (Kylian) Mbappe now signs for Real Madrid.'
The instruction is that audit of large units be completed within seven working days, of medium units in five working days and of small ones in three.
Income tax officials on Monday conducted surveys at offices of engineering major Larsen & Toubro and media firm Zee Group for alleged GST evasion, an official of the tax department said. When contacted, L&T neither confirmed nor denied the development, while the media group has confirmed the tax survey. The tax official said surveys have been carried out at many L&T premises in the city, and in case of Zee, the surveys are underway at all its offices across the country since morning.
The agreement is subject to approval by the IMF management and consideration by its executive board, which is expected in early April.
The Pakistan Cricket Board is planning to hold the remaining matches of PSL-5 in November provided the situation arising out of the coronavirus pandemic improves in the next few months, PCB CEO Wasim Khan said. The PSL was suspended last Tuesday after the PCB revealed that a foreign player showed symptoms of the coronavirus, but Khan said the remaining matches may be held during the 10-day window available in November.
Aditya Birla group chairman Kumar Mangalam Birla has offered to hand over his stake in debt-laden Vodafone Idea Ltd (VIL) to the government or any other entity that the government may consider worthy to keep the company operational. The billionaire businessman made the offer in June in a letter to Cabinet secretary Rajiv Gauba. According to official data, VIL had an adjusted gross revenue (AGR) liability of Rs 58,254 crore out of which the company has paid Rs 7,854.37 crore and Rs 50,399.63 crore is outstanding.
'The Sangh Parivar's position is that whatever gold that is there in a temple should remain there. It shouldn't be taken away by anyone.' 'See, we are not misappropriating anything; we are only using it for the welfare of the temple and the devotees.'
Shutting of stores had not stopped alcohol sales. On the contrary, it had increased black market operations and peddling of illicit hooch, which could cause death/serious injury.
Govt may tighten presumptive taxation norms and also do away with some deductions.
The Pakistan Cricket Board (PCB) is set to legally notify the Board of Control for Cricket in India by next week about compensation for India's refusal to play bilateral series.
This year's lucrative Indian Premier League has been postponed indefinitely while a cloud also hangs over the men's Twenty20 World Cup in Australia in October-November.
Personal loans have about 80 per cent share in exposures restructured under regulatory package 2.0 by eight banks who have declared results for the second quarter. The remaining 20 per cent are loans to individuals used for business and credit to MSMEs. The total recast exposure of these banks under One Time Restructuring (OTR 2.0) was Rs 27,708 crore.
Disney-Star generated advertising revenue of over Rs 27 billion for IPL 2020.
From the enactment of the capital control Act to the recognition of the BSE as a stock exchange and the infamous Harshad Mehta scam, here are the 18 biggest events for stock markets from 1947 to 1993.
Former Test opener Langer urged the board and the players union to thrash out their differences behind "closed doors".
In a statement, Rosen Law Firm said it is investigating potential securities claims on behalf of shareholders of Infosys resulting from allegations that the company may have issued materially misleading business information to the investing public.
Paytm had received the approval for brokerage services from market regulator Sebi in January this year.
Game streaming is becoming a serious professional choice for youth, as it allows them to make good money.
