Companies are worried that any staggered roll-out of GST could result in cash flow issues with businesses not able claim tax credit due to breakage in the chain
17 MLAs of the TDP were suspended from the assembly for disrupting CM Jagan Mohan Reddy's address on the Andhra Pradesh Decentralisation and Inclusive Development of All Regions Bill, 2020.
BlackBerry has signed a letter of intent agreement under which a consortium to be led by Fairfax Financial Holdings Limited has offered to acquire the company subject to due diligence, it said in a statement.
The 'bad bank' -- which will help banks clear their balance sheets by transferring the NPAs to special purpose vehicles -- has been one of the most debated ideas for stressed asset resolution.
The government has also allowed individuals from the private sector to apply for the post
As many as 30 sub-groups and committees worked tirelessly to devise rules and laws as well as fix tax rates for over 1,200 goods and services.
High rates of such schemes deter banks from dropping borrowing rates - and thus lending rates
A summary of sports events and persons who made news on Saturday
Many from this small lender have made it to other bank boards over the past 5 years
The 42-year-old Acharya's appointment for a three-year tenure was cleared by the Appointments Committee of the Cabinet.
The AFT was intended to reduce military related cases in civil courts. Instead, the backlog in defence-related cases has increased from 9,000 to 16,000 after the AFT's creation.
The Tax Administration Reform Commission submitted report to Jaitley in June 2014.
Finance Minister Arun Jaitley, in his Budget speech on Monday, announced a new dispute resolution mechanism for such companies who are in confrontation with the taxman's action.
With 600-700 new NPA cases getting admitted into NCLT every month, the demand for resolution professionals is on the rise with their number more than doubling in less than a year.
Under the GST regime, most manufactured goods will turn cheaper.
The reshuffle is likely to take place after the ongoing Budget session ends on April 12, reports Archis Mohan.
In its essence, GST is a national level system of value added taxation of goods and services, says Shankar Acharya.
New Zealand Cricket has backed the proposed changes in the ICC's administrative structure, which would leave major decision-making in the hands of India, Australia and England, despite facing severe criticism from the country's players' association.
Calling the Budget 2018 'anti-labour', the Bharatiya Mazdoor Sangh will observe February 20 as a 'black day'.
The governance reforms, as an official put it, would bring in measures to track the performance of the executive-rank employees of the banks, intensively.
Resolution to the bad loans problem has to be incremental, and the RBI has to ensure NPAs are not swept under the carpet, HDFC chairman Deepak Parekh tells Joydeep Ghosh.
Wilful defaulters will not be allowed to take up board positions in any company.
The ministry is likely to go by the recommendations of a committee on liberalising external commercial borrowings, headed by M S Sahoo, a former director with the Securities and Exchange Board of India.
'Nobody knows what they teach in madrasas.' 'If we do not adapt to the ways of the modern world, how will we progress as a community?' 'How will these children compete in the modern world?'
FIPB has deferred 18 proposals.
'You can never bring about a change if you only bring in outsiders. Consultants will never feel what changes are necessary and where,' says Railway Minister Suresh Prabhu.
"The truth is out. The report does not name Jaitley. There is no allegation against him, there is no indication (of wrong doing). The Delhi chief minister, we believe, should apologise to Jaitley for his allegations... he should publicly apologise," said MJ Akbar.
Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
An advisory body of EPFO has rejected a proposal to engage private banks -- ICICI, Axis and HDFC Bank -- for collection of PF contribution from employers.
'I would like to convey the message to your readers that the prime minister himself is directly seized of the situation on the ground. He periodically reviews the situation on the ground and how it is moving forward, taking inputs from economists, business leaders, chambers of commerce.'
A government panel on Tuesday proposed raising foreign investment limits in sectors like defence, multi-brand retail and telecommunications, to spur investment in the country and tide over the Current Account Deficit woes.
Ajit Doval is now India's all-powerful security boss. This concentration of power disrupts our layered security system. Will it not weaken whatever remains of the power and authority of the home, defence and finance ministers? asks Shekhar Gupta.
The continued suspense over Mahendra Singh Dhoni's future has revived the debate on whether the biggest icons in Indian cricket know when the time is right to bow out of the scene gracefully.
The use of RBI capital to strengthen public sector banks will have many positive implications for the economy -- and a few manageable downsides, points out R Jagannathan.
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A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
This can mean companies like Apple, Zara can sell in India through wholly-owned subsidiaries
Bankers said the mammoth task of cleaning up the PSBs and improving their health will be a mammoth task for any chief executive.
The proposed move to withdraw the DDT would help encourage investments by addressing multiple taxation of income and bringing down the effective tax rate on companies, which is among the highest in the world.
Bankruptcy proceedings are going at a slower pace than what the bankers had envisaged and many cases have gone beyond the 270-day timeline set under the IBC mainly because of litigation.
Centre releases Rs1,712cr to TN, Rs 1,234cr to Karnataka for drought.
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