The BCCI will not be terminating Chennai Super Kings and Rajasthan Royals but will only be suspending the two franchises for a period of two years from the Indian Premier League (IPL) as per recommendations of the Supreme Court-appointed Lodha Committee.
When Taragauri Doshi's husband died, an assessing officer wanted to tax the proceeds from a life insurance policy that had been bought abroad. Homi Mistry, Mousami Nagarsenkar & Hiral Tanna explain why such proceeds are not taxable in India.
The Centre would need the concurrence of 20 states out of 29 to impose a GST on petroleum
Sensex may remain under pressure this week due to weak global factors.
Many hurdles that investors could have faced after enrolling for the scheme have been removed.
Has the rail ministry taken care to draw up a transparent framework?
A parliamentary panel termed the government's proposed 85 per cent pictorial warnings on tobacco products as "too harsh" and recommended a drastic reduction in size.
Unbanked customers can expect easier access to banking.
Preliminary investigations conducted by capital markets regulator Securities and Exchange Board of India and inputs from other regulators and government departments suggest that some brokers were offering structured financial products to their HNI clients under some portfolio investments schemes for high returns of 10-20 per cent.
The broader markets ended mixed with mid-caps gaining 0.1 per cent and small-caps falling 0.1 per cent on the BSE.
The culture clash isn't the only issue - most of the founders are still wary of risky bets while the new management thinks calculated aggression is necessary in the new world of business, says Shyamal Majumdar.
Despite difficult working conditions, Indians are still seeking jobs in Gulf countries
Combined debt-equity ratio of top companies declines but interest expenses outgrow profits.
The government cleared the proposal despite opposition from the petroleum ministry, which says this is not the right time for divestment as the sector is moving from trade parity to export parity pricing.
TCS, Infosys and others are banking on automation to protect their turf in the US, but building a successful revenue model around it may prove difficult
However, worries on inadequate import and issues for the FTA pacts.
The acquisition of ZipDial however has proven that even a proven business model could be an attraction point.
Jaitley promised higher investment in roads and railways.
With response tepid so far from domestic investors, these funds might soon approach FIPB for approvals.
Two case studies on how one can use the exemption method or the credit route
Lukewarm response from private investors and turf battles between government agencies have resulted in delaying Modi's ambitions. Sahil Makkar reports.
The GST bill's draft says tax would be levied on Maximum Retail Price
Formula One faces a risk: with Malaysia pulling out of a new deal, they could altogether lose their presence in Southeast Asia, one of the world's fastest-growing regions.
An exchange which preaches others on governance must start practising it first, says Shyamal Majumdar.
A slew of challenges that are yet to be resolved include the lack of consensus between the Centre and states over the GST exemption threshold limit, dual control over scrutiny and assessment
Exemption from minimum alternate tax for REITs & infrastructure investment trusts; Depository receipts on all securities eligible for tax benefit
The rules will affect Indian companies that take most decisions about their foreign subsidiaries.
Arun Jaitley said he would put the DTC Bill in cold storage.
With the demand for lower costs in process driven activities and a move away from the high rate, billable hours of legal services, AI platforms are being used internationally in many legal tasks.
If you are looking to stay in the property, unnecessary delays will only increase the cost.
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India's hydroelectric power generation grew 17.5 per cent to 7.5 billion units in January this year from 6.4 billion units in the same month of 2012.
The Supreme Court-appointed Special Investigations Team on black money has also proposed that holding more than Rs 15 lakh in cash be made illegal for individuals and for companies, report Tinesh Bhasin and Sanjay Kumar Singh.
The government has made employers responsible for verifying whether the claims filed are according to the law. Earlier, companies went only by self-declaration of employees.
With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative.
The stipulation that new front-end stores will have to be set up will impact M&A in the sector.
Investors prefer exits with lower valuation to staying invested for a longer term
Taxpayers might face several issues while filing returns this year.
The agency did not seek a reappointment in FY12.
'The IPL is by the biggest sports property in the country and having it will give any digital video player an edge.'
Rs 50,000-cr loans for 15,000-Mw projects could be heading for restructuring.
