Common return for excise duty and service tax was envisaged when 119 services were taxed.
Strongly condemning the killing of writer MM Kalburgi, Sahitya Akademi today passed a unanimous resolution appealing to state and central governments to take steps to prevent such incidents and asked authors to take back the awards they had returned to protest against "rising intolerance".
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
Extension of the deadline from December end this year till March 31, 2018, would apply only to those people who do not have Aadhaar and are willing to enrol for it.
In the first of a two-part series, Tamal Bandyopadhyay explains why the ICICI Bank's board first rushed to deny all allegations against Kochhar and then took the extreme steps against her.
The institute expects to complete both, phase-2 and 3 trials in India by the end of this year.
The central bank filed an affidavit in response to a petition filed by Kochhar last month, challenging her ouster as the chief executive and managing director of ICICI Bank months after she voluntarily left the private sector lender. The bank, while terminating her employment, also denied her remuneration and rescinded the bonuses and stock options given to her from April 2009 to March 2018. She was accused of playing a role in grant of out-of-turn loans of Rs 3,250 crore to Videocon Group, which allegedly benefited her husband, Deepak Kochhar.
The Supreme Court on Thursday dismissed a plea by Skoda Auto Volkswagen India challenging an FIR registered in Uttar Pradesh by a customer over the alleged use of 'cheat device' in its diesel car by the company to manipulate emission norms.
The information and broadcasting ministry's business-like and result-oriented handling of several issues has set a template for other ministries to follow, says A K Bhattacharya.
It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.
Does IAS officers' work go unappreciated, asks Ajit Balakrishnan.
As the debate over the issue of leadership raged, another group of leaders put their weight behind the Gandhi family on Sunday, calling for Sonia Gandhi to stay or Rahul Gandhi to take charge again.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
The Gujarat Bharatiya Janata Party on Thursday announced that Chief Minister Narendra Modi will contest elections from one seat in the state, without ruling out the possibility that he may fight on a second seat from Uttar Pradesh.
India is among 120 countries which backed the draft resolution put forward by the European Union and several other countries.
The Central Bureau of Investigation had called Karti for questioning on Thursday in connection with the foreign investment clearance given in the Aircel-Maxis deal in 2006 when his father Chidambaram was the finance minister.
The first task before him is to get used to the idea of working with the Monetary Policy Committee
A key cog in India's pace attack, the 27-year-old was left out of the list of contracted players unveiled by the BCCI on Wednesday but the board did not offer any immediate explanation as to why.
'When you have a committee, there will not be any autocracy.' 'It means one person cannot take any decision on the temple.'
The Malegam committee on the RBI's capital adequacy had suggested that the RBI must move away from its methodology to calculate the foreign exchange gains to a weighted average cost-based valuation method. Central bank may done away with provisioning requirements, to enable higher transfer of surplus in the 2017-18 fiscal, analysts say.
Special Judge O P Saini issued notice to the agency and sought its response by October 8.
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
Less than six months ago, Delhi was gasping for breath. Authorities said air quality had reached "unbearable levels". Schools were shut, flights were diverted, and people were asked to wear masks, avoid polluted areas and keep doors and windows closed. But during the lockdown that began on Mar 22, the concentration of poisonous PM2.5 particles in a cubic metre of air averaged at 44.18, according to a Reuters analysis of government data, indicating a rare "good" rating, the safest level on the scale.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Pakistan opening batsman Ahmed Shehzad has escaped strong disciplinary action for his controversial religious comments to Tillakaratne Dilshan of Sri Lanka as the Board let him off with just a stern reprimand for violating a clause of his central contract.
This is aimed at improving liquidity in all schemes and would help them to meet sudden redemption pressures, said Sebi chairman Ajay Tyagi.
He will be the first bureaucrat to head the central bank in almost five years.
Despite day-long discussions, Karnataka and Tamil Nadu failed to reach an agreement on the quantum of water to be released.
COA Meet on Wednesday: Team management, selectors to discuss 'communication' issues, Australia tour
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
With the above relaxation, more than 70 per cent of the depositors of the bank will be able to withdraw their entire account balance, the central bank said as most of its account holders have an average balance of just about Rs 10,000.
Board of Control for Cricket in India president Shashank Manohar on Tuesday took over as the International Cricket Council replacing his predecessor Narayanswami Srinivasan, while the BCCI's rules conflict of interest were unanimously approved by the members.
India is scheduled to play against Pakistan in their 2019 World Cup match in Manchester on June 16.
'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.
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.
The panel also suggested that Know Your Client rules should be based on the risk profile of investors.
Finance Minister Arun Jaitley said it has been decided to fix the minimum wages at Rs 350 per day for unskilled non-agricultural workers for 'C' category areas keeping in view the modalities of fixing minimum wages.
It was an extraordinary turnaround for an Olympics that was expected to be held without major issues by a country known for public safety and economic stability. It also revealed a fatal miscalculation by Japanese and IOC officials of public sentiment at a time of heightened fears over the coronavirus.
These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates from PSBs towards appointment against vacancies in PSBs for the period 2018-19
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
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