The analysis covers BSE 200 Index's 171 companies for which data on the compensation to the boards of directors for FY14 and FY13 are available.
Finance Minister Arun Jaitley, who is meeting state finance ministers on Thursday to garner support for the Constitution Amendment Bill for a goods & services tax (GST), is likely to immediately dole out about Rs 13,000 crore (Rs 130 billion) in Central Sales Tax (CST) compensation to states.
Summary of sports events and persons who made news on Friday
The intensity of the impact increased as many cars parked along the wall inside the society too fell on the shanties, officials said.
The Working Committee also ratified the appointment of Gary Kirsten as India coach and Dav Whatmore as the NCA head.
Jaitley promised the states that they would be fully compensated for any loss of revenue arising from implementation of GST.
According to a source close to the development, the government is set to come out with a notification in this regard by the end of this week.
Back of the envelope calculations put government expense on each of the new schemes promised by the DMK and the AIADMK at tens of thousands of crores. But then, neither party has said how they are going to also address the mounting debt burden either, says N Sathiya Moorthy.
Aimed at creating a single tax for goods and services across the country, government on Friday introduced the long-pending GST Bill in the Lok Sabha for roll-out of the new regime from April 2016 subsuming various levies like entry tax and octroi.
Calling people of the northeastern region by "derogatory" names will soon become a non-bailable offence and land you in jail for up to five years.
The tribunal also refused to give an urgent hearing on a fresh plea seeking stay on the three-day event on the banks of river Yamuna from Friday, alleging that AOL has not taken permissions from the competent authority as directed by the tribunal.
India had a transition from 'socialism with a limited entry to marketism without exit'.
On the lines of the Pehlu Khan's lynching case, the state government has ordered a compensation of Rs 1.25 lakh to Rakbar Khan's family. Further compensation will be provided based on the recommendations of the district legal committee, he added.
An official panel on Tuesday ruled out any increase in value added tax (VAT) rates as part of a package to compensate states on account of revenue loss due to a one per cent cut in Central Sales Tax that was to have happened in the beginning of this fiscal.
The empowered committee of state fnance ministers had recommended to the finance ministry that the Centre should provide direct budgetary support and transfer more services to states on account of the rate cut, sources said. States have refused to hike the value-added tax rate on more than 250 items like drugs, agricultural and industrial inputs from 4 per cent to 5 per cent to make up for revenue loss.
The evacuation process will be completed before October 3, said Fort Kochi Sub-Collector Snehil Kumar Singh.
More and more the buck will stop at the board. Look no further than Infosys, says Amit Tendon.
Five persons were killed and nearly 200 others fell ill after inhaling ammonia gas which leaked from a gas tanker after it accidentally brushed against a flyover near Ludhiana, triggering panic in the area.
The Board of Control for Cricket in India's all-powerful Working Committee will meet in Hyderabad on Tuesday to decide on whether to impose a freeze on future West Indies tour and claim damages in the wake of the unprecedented move by the Caribbean team to pull out of the remainder of India tour because of the pay dispute with the Board.
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The Direct Taxes Code bill was introduced in Lok Sabha in 2010 and Standing Committee on Finance has given a report after its scrutiny.
Virat Kohli and his predecessor Mahendra Singh Dhoni's demand for a pay hike for the team was on Thursday accepted by the Committee of Administrators, which also took their inputs on the issue of cramped scheduling.
10 women and six minors are among the injured, the officials said.
The Italian federation (FIGC) is determined to complete the season and its president Gabriele Gravina has been presenting new ideas on an almost daily basis of how that can be done. Meanwhile, Turkmenistan in Central Asia is set to resume its soccer season with spectators at the weekend, making it only the second country in the world to let fans attend matches as the new coronavirus shuts down almost all of world football.
The Monsoon Session of the Lok Sabha was adjourned sine die on Friday after 19 sittings that saw the passage of 14 legislation while Rajya Sabha came to an end after passing nine bills.
The government is keen to get the GST Bill approved during the Monsoon Session of Parliament ending on August 12.
If states are to levy service tax, a combined GST will become a nightmare since a host of tax departments in each state will also have to be dealt with.
Banks normally park almost 27 per cent of their funds in government securitie.
Swiss authorities have again searched the Zurich headquarters of FIFA and seized documents and electronic data in its corruption probe surrounding the global soccer body, the Swiss attorney general's office said on Friday.
Top Congress sources said they would not hold up the Bill.
NITI Aayog has been working on an action plan to relieve rural distress and energise the agricultural sector
BCCI sources said that a similar decision in the case of another IPL team Kochi Tuskers Kerala a few years ago, at the insistence of former president Shashank Manohar, had backfired with an arbitration award favouring a payout of Rs 550 crore for the disbanded Kerala franchise on grounds of wrongful termination.
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.
Experts say finding a solution within the high court-mandated timeline of six months may be tough.
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
Jaitley was replying to a debate in the Lok Sabha on Supplementary Demands for Grants for an additional expenditure of over Rs 12,500 crore (Rs 125 billion).
Gadkari said the bill's early passage in Lok Sabha was necessary so that it could be moved to the Rajya Sabha for passage during the ongoing session, which ends on Friday.
RBI said the outlook for economic growth for 2016-17 has turned uncertain after the unexpected loss of momentum by 50 basis points in Q2 and the effects of the withdrawal of banned notes
BIS proposes compulsory registration for selling hallmarked jewellery. This will kill business of online sales as BIS registration is given only to physical premises.
State Education Minister Anandiben Patel, who rushed to the site on Friday night, told mediapersons that the government would investigate the incident thoroughly.
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