A record GST tax collection, an overhaul of the income tax return filing portal and the landmark move to scrap retrospective taxation have set the stage for the next level of reforms in tax administration that include bringing a framework for cryptocurrencies and rationalising the GST rate structure. With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination. The task ahead is going to be a tough one as the tax department would grapple with taxing cryptocurrencies, rationalising Goods and Services Tax (GST) rates to shore up revenues and post June 2022, the scenario of how the GST revenue plays out for states without the Centre's support of compensation.
Sensex is trading firm; FMCG, real estate going strong.
Markets ended in red, index heavyweights drag.
Markets ended their lowest close in 2015 on fears of FII outflows as the US Fed may hike rates.
Interest rate sensitive stocks gain ground post decision
In 2017, a consortium led by Russian state oil company Rosneft agreed to buy Essar Oil for $12.9 billion in India's biggest foreign acquisition of a homegrown company. Rosneft's buyout of Essar's assets was meant to herald a wave of energy investments in India - over six decades after Esso, Caltex and Shell invested in India's refining sector in the 1950s. But the government has tripped up in its efforts to sell Bharat Petroleum Corporation Ltd (BPCL), formerly Burmah Shell, a blue chip public sector company. Bidders include a couple of global funds and resources firm Vedanta.
A charge-sheet against Chandra and 12 others was filed.
Promoters of 517 companies have pledged nearly 46.35 per cent of their shares, the highest since the 2008 global financial crisis.
OVL had bid for two of the 10 shallow-water blocks that Myanmar had auctioned in December but drew a blank when the fields were awarded on March 26.
Leaks of documents are neither new nor limited to particular ministries.
At present, in Myanmar, GAIL and IndianOil have a minority stake in a gas pipeline which goes to China, through South East Asia Gas Pipeline Company.
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
British telecom giant Vodafone Group plc on Friday won an arbitration against the Indian government over a demand for Rs 22,100 crore in taxes using retrospective legislation.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Semi-finalists six times. Runner-up in 2015. Rajneesh Gupta highlights important numbers for the New Zealand team from World Cups.
Though the developments are positive, analysts say the benefits will accrue only in the long run
The vacancies are learnt to be impacting the I-T department's day-to-day functioning.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
This makes him corporate India's biggest donor to society.
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
The BSE Midcap and Smallcap indices underperformed the largecaps and ended over 1% lower.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
A more effective promotion of domestic manufacturing and mining could significantly reduce the trade deficit in key sectors, says T N Ninan.
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
The company no longer sees the London listing as necessary to access capital and the deal will simplify Vedanta's corporate structure.
Sensex,Nifty to remain under pressure through the week.
SBI's Bhattacharya is ranked second on the list, while ICICI's Kochhar is 5th and Axis's Sharma is 19th in the Fortune list
The five persons were arrested by the Crime Branch.
The 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295.
Markets could slide again owing to conditions in Europe and the US.
Retrospective claims may not stand the test in international courts.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
Rediff reader Sanjay Yadav, 36 from Pune shares his message for Indian tourists.
Australia coach Darren Lehmann has been rewarded for his integral role in turning around the fortunes of the team with a one-year contract extension until June, 2017, Cricket Australia said on Friday.
Markets end almost flat, bluechips in focus.
Instead of condemning all businessmen, the PM may like to listen to some of them.
Since its peak, the S&P BSE Sensex has dropped nearly 3,000 points.
Markets gained for the second straight session to kick-off the September F&O series on a robust note.
The 30-share Sensex ended higher by 30 points.
China has not limited the 'battle' to the diplomatic field alone; the People's Liberation Army has become aggressive on the ground too. The recent 'fights' in Northern Sikkim and Ladakh are part of the pattern, asserts Claude Arpi.
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