Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. The central bank reduced the reverse repo rate -- the rate at which banks park their fund with the central bank -- by 25 basis points to 3.75 per cent.
Ninety-nine companies, which also include some unlisted ones, have more than Rs 100 crore each of minimum alternate tax credit on their books, cumulatively adding up to Rs 75,000 crore. By utilising MAT credit, many companies will be able to bring down their effective tax cost.
'Our intentions were, and still are, to ensure the entire workforce is given as much protection as possible from redundancy and/or loss of earnings during this unprecedented period'
All the 50 company CEOs, including the 17 companies headed by Indian Americans, were honored at a gala awards ceremony last month.
Politicians appeal to key groups of voters like farmers or the poor by keeping prices low and ignoring theft, prompting scepticism about whether states will agree to any package that forces tariff hikes.
Finance Minister Nirmala Sitharama on Thursday stated the government is planning to provide a relief package of Rs 1.7 lakh crore to the underprivileged, poor and migrant workers affected by the lockdown amid the coronavirus outbreak. The scheme has been named the Pradhan Mantri Garib Kalyan Scheme.
The Board of Control for Cricket in India, eagerly awaiting a response from the Justice Rajendra-Mal Lodha panel on the appointment of an independent auditor, may not get one by October 25 as the three-member committee is not likely to meet on Monday.
AAP, set to form the government in Delhi, had said it was opposed to foreign direct investment in multi-brand retail.
From 100% tax deductions for contributions to PM-CARES fund to extending the due date for linking Aadhar and PAN card, the government has provided various tax relief and extensions in deadlines for statutory compliances, says Homi Mistry.
The information technology (IT) industry has increased its contribution to the country's GDP from 1.2 per cent in 1997-98 to 5.2 per cent in 2006-07, according to a Nasscom-Deloitte study.
IT and ITeS sectors' contribution to India's GDP has increased by 4 times in the last 10 years, revealed a study.
Despite a steady collection rate, the government faces a steep Budget target of Rs 6.1 trillion for CGST for 2019-20.
Sebi's surveillance department has red-flagged unusual trading patterns in some stocks. Shares of some companies were seen going up ahead of a sharp sell-off.
According to the decision, such entities can now first operate through e-commerce and then open brick-and-mortar stores.
Experts, however, said that it is a very nominal benefit to the salaried class.
'Foreign clients are beginning to question the reliability of outsourcing and are considering insourcing'
Nandan Nilekani said one board member had received two anonymous complaints on September 30, 2019 - one dated September 20, 2019, titled 'Disturbing unethical practices' and an undated note with the title, 'Whistleblower Complaint'.
The fringe benefit tax (FBT) was levied on ESOPs in the Union Budget this year and the IT industry is still grappling with the issue of how to factor in the tax.
What can be the easiest and best way to know a company inside out? Those saying 'befriending the company's Chief Executive Officer' might be in for a shock as a survey has found that most CEOs are in the dark about the health of their companies.
Entrepreneur Sanjeev Juneja made Keskinga hosuebrand.
More and more CSR is being defined by how a company runs its operations and makes its profits; and just firms donating money to charities.
Other bidders include Abu Dhabi Investment Authority.
The issues around trade gaps, especially around steel and aluminium tariffs imposed by the US, will be addressed separately.
In Mumbai, Xenium, an interactive digital agency, is launching a VR lounge later this month.
In Mumbai, Xenium, an interactive digital agency, is launching a VR lounge later this month.
The tax, in lieu of local levies, will be imposed at the first point of a financial transaction.
EPL transfer spending has risen to 286 million pounds and lower league clubs are increasingly reaping the benefits
NSO has pegged economic growth at 5 per cent in 2019-20 in its second advance estimates.
The presence of Fortune 500 companies will double in Gurgaon to over 40 per cent by 2010 as the city would establish a hub for knowledge economy by then, an Assocham-Deloitte paper said on Tuesday.\n\n
Singapore-based SkyQuestCom received the Deloitte Fast Tech 500 award for being the seventh fastest growing company in the Asia Pacific region. \n
The opposition to outsourcing of jobs to low-cost locations is intensifying further in the UK with a large majority of Britons saying no more jobs should be moved abroad.
Sections in the draft Personal Data Protection Bill are a blatant violation of the Right to Privacy as guaranteed by the Constitution.
Every bank offers a different slab of minimum balance to customers, based on which 'free services' are provided
No mention of cab aggregators in GST bills
The internals of the food inflation are worrying, given a broad-based uptick across categories that tend to be sticky, such as proteins, and a narrower-than-expected reduction in inflation for vegetables.
Rationalisation of rates will be taken up for smaller items that do not have major revenue implications but are commonly consumed at the GST Council meet on Saturday
While Delhi boasts of one of the best metro systems in the world and decent infrastructure, reckless construction, legalising unauthorised colonies, and the worsening water and air quality dent its image of being a robust cosmopolitan city.
Proposals from the Centre's side include raising the 5 per cent slab to anywhere between 6 and 8 per cent, and doing away with the 12 per cent slab. A few states may oppose such a move because it involves hiking tax on items consumed by the poor. They have instead proposed raising the 18 per cent slab.
