News for 'Business Standard the department'

Why prices of petrol, diesel are likely to rise

Why prices of petrol, diesel are likely to rise

Rediff.com21 Feb 2022

A proposal in the Union Budget 2022-23 to raise excise duty on dirtier, unblended retail petrol and diesel has met with some resistance from the petroleum ministry. However, finance ministry officials say no such communication arguing against the levy of extra duty on diesel has been received from the oil ministry. Until there are discussions between the two departments, the proposal will not be tweaked in the Finance Bill. The Rs 2 per litre additional excise duty proposed on unblended fuels in the Finance Bill will result in a uniform hike of diesel prices across the country from October 1.

Cairn Energy CEO Thomson to meet FM next week over arbitration award

Cairn Energy CEO Thomson to meet FM next week over arbitration award

Rediff.com10 Feb 2021

A senior company executive said the company waited for seven years for the verdict and its shareholders needed to know when it would be concluded.

India relaxes norms, allows bringing back pets from Ukraine

India relaxes norms, allows bringing back pets from Ukraine

Rediff.com2 Mar 2022

India joins a select list of countries that have made entry for animals less bureaucratic, thereby helping families, including people like Rishabh, escape the warzone with their beloved companion animals.

As finance secretary, Garg rubbed too many the wrong way

As finance secretary, Garg rubbed too many the wrong way

Rediff.com25 Jul 2019

Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.

Months before 8/11, MP, Haryana probed note ban

Months before 8/11, MP, Haryana probed note ban

Rediff.com24 Dec 2016

Months before 8/11, MP, Haryana probed note ban

Real estate could be exempted from central environmental rules

Real estate could be exempted from central environmental rules

Rediff.com13 Jul 2016

Urban ministry changes rule before public consultation by environment ministry

'We are closing loopholes exploited by highest level of taxpayers'

'We are closing loopholes exploited by highest level of taxpayers'

Rediff.com3 Feb 2023

'...Market-linked debentures, high-value insurance, exemptions from capital gains by investment in real estate, etc.' 'So, there are a number of measures directed at collecting a fair share from higher income individuals.'

Here's how to make India easy for business

Here's how to make India easy for business

Rediff.com19 Jan 2015

The 2015 World Bank group's Doing Business index ranked India at 142, down from 140, which it was the year before.

Maggi effect? Regulator to take up erring food, drinks ads

Maggi effect? Regulator to take up erring food, drinks ads

Rediff.com3 Jun 2015

The move follows an arrangement with the dept of consumer affairs.

Panel of CMs to push cashless economy

Panel of CMs to push cashless economy

Rediff.com29 Nov 2016

Modi government plans to set up a committee of five or six chief ministers to suggest ways to promote digitisation.

'ISRO's goal is to develop a rocket company'

'ISRO's goal is to develop a rocket company'

Rediff.com27 Jan 2022

'We have all the technologies available, but it should be converted to something that can be commercially viable.'

Modi to review ministries' work in quest for turnaround

Modi to review ministries' work in quest for turnaround

Rediff.com3 Jan 2020

Starting today, Modi and top officials in the Prime Minister's Office will be briefed by various central ministries and departments on their plans as well as agenda for the next five years. They will also apprise the PMO of the work they have done so far in realising the agenda of government's second term in office.

Trouble brews for Amazon India

Trouble brews for Amazon India

Rediff.com5 Dec 2014

Karnataka tax dept may attach assets of dealers; new retailers not being registered

Medical devices industry eyes Rs 70,000 cr investment in 5 years

Medical devices industry eyes Rs 70,000 cr investment in 5 years

Rediff.com24 May 2020

The government is targeting 1,200 technical collaborations between Japanese companies and Indian investors for over Rs 42,000 crore, 200 joint ventures with overseas investors for Rs 14,000 crore, and another Rs 14,000-crore investment from about 50 multinational companies.

Indo-American Chamber slams new e-com rules

Indo-American Chamber slams new e-com rules

Rediff.com6 Jul 2021

The proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020, that are envisioned to protect consumer interests, may further compound the impact of multiplicity of regulations on the e-commerce sector, the Indo-American Chamber of Commerce (IACC) had told the ministry of consumer affairs. IACC, the apex bilateral chamber for Indo-US business, had told the government that the proposed amendments would increase compliance liabilities that risk severely impairing the growth of the sector.

NDA's anti-corruption plan missing even on paper

NDA's anti-corruption plan missing even on paper

Rediff.com19 Feb 2015

Only 32 departments had prepared and submitted these plans.

100% FDI in e-commerce exposes BJP's double standard

100% FDI in e-commerce exposes BJP's double standard

Rediff.com4 Apr 2016

"Not a single step has been taken by this government to empower small businesses in India," says Praveen Khandelwal, national secretary general of the Confederation of All India Traders and former treasurer of the Bharatiya Janata Party's Delhi unit.

'Government is doing the right thing'

'Government is doing the right thing'

Rediff.com27 Jul 2022

'It is building the country's infrastructure, and delivering it very efficiently.'

IPL PHOTOS: Hetmyer, Samson help Royals break Titans jinx

IPL PHOTOS: Hetmyer, Samson help Royals break Titans jinx

Rediff.com17 Apr 2023

Sanju Samson and Shimron Hetmyer slammed blistering half-centuries as Rajasthan Royals outclassed Gujarat Titans by three wickets.

Ranbaxy hires BCG, Mercer for internal strategic project

Ranbaxy hires BCG, Mercer for internal strategic project

Rediff.com1 Jun 2013

Consultants are working with various teams on manufacturing, R&D, etc, to assess per-month productivity of each department.

Hit by GST recovery notices and summons, industry calls for help

Hit by GST recovery notices and summons, industry calls for help

Rediff.com16 Sep 2021

With Goods and Services Tax (GST) officers under pressure to exceed the Rs 1-trillion collection mark per month, industry has faced a barrage of recovery notices and summons issued over the last one month across sectors, according to company executives. Industry bodies have claimed harassment by field officers, blocking of input tax credit, cancellation of GST registration, threats of arrest and steep penalties, impacting their working capital and operations. Company executives pointed at an atmosphere of apprehension and fear due to such notices and summons.

Mallya's luxury jet sale gets caught in red tape

Mallya's luxury jet sale gets caught in red tape

Rediff.com6 Nov 2018

Five years on, US company that won the auction for the aircraft is running pillar-to-post, unable to take possession as DGCA hasn't deregistered the jet

'Typo' spooks Financial Technologies investors

'Typo' spooks Financial Technologies investors

Rediff.com7 Aug 2013

The FT stock took a beating, losing 80 per cent in two sessions before recovering. Though in an exchange announcement following the government's missive on July 12, FT identified NSEL as a material subsidiary, rumour mills contemplated two possible transactions: a sale between May 30 and June 30 which had led to the subsidiary becoming an associate and another transaction between June 30 and July 15 when the associate again became a subsidiary.

Retrenched Raymond staff stare at long battle

Retrenched Raymond staff stare at long battle

Rediff.com19 Jun 2020

The company stated that it was taking steps for cost rationalisation across all businesses to maintain liquidity and due to a prolonged slowdown it had to take a few tough measures.

Tax evasion? I-T dept issues 2,000 notices

Tax evasion? I-T dept issues 2,000 notices

Rediff.com6 Dec 2016

'We have not issued notices randomly.' 'We have done the risk profiling of individuals, and sent to those whose profile has not matched with their declared income.'

How Robert Vadra's firm reaped a fortune with DLF deal

How Robert Vadra's firm reaped a fortune with DLF deal

Rediff.com10 Sep 2015

While giving approval to commercially develop land in Gurgaon, the Haryana government considered Robert Vadra's name and status as proof of his company's financial capacity.

Former Apple executive to be Kejriwal's troubleshooter?

Former Apple executive to be Kejriwal's troubleshooter?

Rediff.com16 Feb 2015

Arvind Kejriwal will monitor the work of various departments. Adarsh Shastri might also aid Kejriwal in this task. Somesh Jha reports

Covid-19 gives India's private airlines a chance to go international

Covid-19 gives India's private airlines a chance to go international

Rediff.com11 Sep 2020

Over 600 slots at three major airports - Heathrow, Dubai and New York's JFK International - could be at stake.

Why registering a company online will now become easier

Why registering a company online will now become easier

Rediff.com20 Feb 2020

The new web form would facilitate on-screen filing and real time data validation for seamless incorporation.

Amazon, Flipkart, 3 others issued notices for selling faulty pressure cookers

Amazon, Flipkart, 3 others issued notices for selling faulty pressure cookers

Rediff.com22 Nov 2021

The Central Consumer Protection Authority (CCPA) has issued notices to five e-commerce entities, including Amazon, Flipkart and PaytmMall, as well as various sellers for offering pressure cookers that are non-compliant with BIS norms. The notices were issued on November 18 to Flipkart, Amazon, Snapdeal, Shopclues and PaytmMall, and the sellers. As part of celebrations of 75 years of Independence - 'Azadi ka Amrit Mahotsav', CCPA has initiated a country-wide campaign to prevent sale of spurious and counterfeit goods that violate Quality Control Orders published by the Centre, the government said in a statement on Monday.

Only a govt job is considered real 'employment'

Only a govt job is considered real 'employment'

Rediff.com21 Feb 2019

'...because of its permanent nature.' 'If you work for the private sector or for yourself, you are not regarded as being employed,' points out T C A Srinivasa Raghavan.

Nokia, workers fail to agree, again

Nokia, workers fail to agree, again

Rediff.com4 Apr 2014

This is the third meeting between the two parties, including one in which the Company Law Board had taken part.

NPAs under Mudra scheme rise to 5% for public sector banks

NPAs under Mudra scheme rise to 5% for public sector banks

Rediff.com24 Sep 2020

Former RBI governors Urjit Patel and Raghuram Rajan have also expressed worry about the Mudra scheme, particularly government's target-setting practice and the rising bad loans.

Jaitley likely to announce his final full Budget on Feb 1

Jaitley likely to announce his final full Budget on Feb 1

Rediff.com15 Sep 2017

Like 2017-18, govt will seek comments from the public at large, including Facebook and Twitter

Ranbaxy drugs cleared FDA test before import alert

Ranbaxy drugs cleared FDA test before import alert

Rediff.com11 Jun 2013

FDA had also issued warning letters to Ranbaxy's Paonta Sahib and Dewas facilities as it found extensive problems and deviations from manufacturing norms.

Govt sends notice to Amazon, Flipkart for not showing country of origin

Govt sends notice to Amazon, Flipkart for not showing country of origin

Rediff.com17 Oct 2020

Not displaying the mandatory information, including country of origin, on products sold on their platforms in India, draws government's attention.

Supreme Court admits tax appeal against Vodafone

Supreme Court admits tax appeal against Vodafone

Rediff.com14 May 2016

To decide whether capital gains on surrender of call options are taxable

HSBC, StanChart processed trillions of dollars in suspicious funds: Report

HSBC, StanChart processed trillions of dollars in suspicious funds: Report

Rediff.com21 Sep 2020

Some of the world's biggest banks including HSBC, JPMorgan Chase and Standard Chartered moved trillions of dollars identified as being potentially tied to money laundering or other crimes despite raising concerns about those transactions in filings with US regulators, reports South China Morning Post.

Time For RBI To Change Penalty Rules

Time For RBI To Change Penalty Rules

Rediff.com11 Nov 2021

Penalty must act as a deterrent. If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay.

Covid-19 crisis: Now, FinMin is not so sure about a V-shaped recovery

Covid-19 crisis: Now, FinMin is not so sure about a V-shaped recovery

Rediff.com1 Oct 2020

Spending continues to be less as people who are getting direct benefits from the government are choosing to save in the current situation.