In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
This is the second hike in excise duty in less than two weeks as the government looks to make use of the slump in oil prices to shore up resources.
The biggest achievement of demonetisation is that it has brought about a social revolution against black money and corruption, says Sukumar Mukhopadhyay.
The NBFC was registered on December 1998, with an office in Lucknow.
The goods and services tax will level the playing field for different sectors of industry, including domestic manufacturing.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
With the arrest of the film censor board's CEO on charges of demanding bribes to clear films, the regulatory role of the panel is in focus once again
As part of this strategy, the e-commerce major has launched a programme to manage the entire business-to-business inventory supply and management for kirana stores in three cities in Karnataka.
Kolkata sheds its white-blue nocturnal hue with pink ball day-night Test.
The application makes it easy for IBM partners and clients like Polaris to build an entirely new class of cloud-based social business apps.
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
British tourists returning from Egypt told to leave luggage behind as airport security is tightened in wake of disaster in Sinai
Chidambaram to meet revenue boards on how to get much more and quickly; special audits and notices among measures likely.
For deciding which vehicles are to be scrapped, the setting up of fitness centres and regulating them would be a humongous task.
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
Simplifying the processes will lead to greater efficiencies. Bad processes will not help even if implemented well, says T N C Rajagopalan
Since January 2015, the central bank has lowered its policy rate.
Court cases likely over interpretation of the new levy proposed in the Budget for digital economy.
The lawsuit seeks an injunction to stop the entire rule from going into effect.
The future is uncertain and the past painful. So, Abdul Samad chooses to focus on the present, taking one day at a time, seeking solace in a game of chess in a bustling city.
The posts of Chairman and MD in the private sector are held separately.
Action has been taken according to a memorandum that requires 'periodic review of performance of government servants'.
'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.
Interoperability with other insurance companies - apart from banks, medical centres, among others - would be the eventual goal
States' demand of compensation from Centre for loss of tax revenue not on agenda.
This may mean easier access, simplified KYC and documentation requirements, and fewer investment restrictions for a majority of FPIs, especially broad-based funds and pooled vehicles that were earlier part of Category-II.
This could be the first instance when a consumer goods company would move court against NAA. The confrontation began after the government cut tax rates on over 175 items like toothpaste, shampoo, shaving cream and washing powder to 18 per cent from 28 per cent.
'The two-word answer is: Proper oversight,' says T N Ninan.
'It's a toss-up between a fire sale of equity or merger with a strong bank,' points out Tamal Bandyopadhyay.
Here are highlights of the 68th Republic Day parade.
'The simple truth is this: That we had come to assume that a second term was Modi's for the asking. But the fact is that Modi will have to win one, just like everybody else.' 'And so much has he invested in his strongman persona that even a loss of just 50 seats from his extraordinary 282 in 2014 will look to his potential allies and to his party like a defeat,' says Mihir S Sharma.
Central KYC not in sync with Sebi's KRA system; regulator writes to finance ministry
Several exemptions have been given to reduce the cost of raw materials.
We need a change in mindset, says the RBI Governor.
Pharma shares extended losses after the government's ban on combination drugs.
Manu Kumar Jain, vice-president, Xiaomi, and managing director, Xiaomi India, shares his thoughts with Arnab Dutta on how the firm has put India on the forefront.
The online world is driven by convenience, simplicity and speed.
With a sole mandate of inflation targeting, RBI wears many hats.
A Hindu Mahasabha leader and two other lawyers, who were allegedly in an inebriated state, have been arrested on charges of harassing the crew and passengers of a Chennai-bound flight before it was to take off from Coimbatore on Wednesday night.
KYC done while opening a bank account can be used to open a mutual fund account.
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