Private equity and VC investments declined by 50 per cent. E-commerce deals lowest in value, volume in over 24 months. T E Narasimhan decodes the new EY report.
Only 300 assessees came forward with disputed tax liabilities amounting to Rs 10,000 crore
Soon, one will be able to pay utility bills at the local supermarket, while buying groceries, with the RBI allowing the setting up of payment banks.
The move will help address apprehensions as well as potential disputes on various computational and transitional issues such as the loss of input credits and pricing that were bound to arise on account of the change.
Assembly elections coming up in November and December could offer a window of opportunity to the government to make GST attractive through rate cuts.
Some of the policy measures announced are expected to go a long way in removing current challenges on financing faced by businesses and also increasing economic activity, especially in areas of construction and manufacturing.
'This is a blip in the 100-year history of cinema.'
The thrust will be on improving connectivity in economic corridors and remote and border areas with a view to hike trade and enable faster movement of cargo.
In 2012, private equity investments touched $7.5 billion.
Government believes privatisation would increase the airline's efficiency and make it profitable, enriching the value of the remaining stake with it.
Wants details of Vijay Mallya transactions over 4 years
'Banning Bollywood films will mean a paucity of content to keep the multiplexes and theatres running profitably.'
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
Independent directors were supposed to safeguard the interest of all stakeholders.
The RBI rejection is a second blow to BoB - the lead bank of both companies -- after a Delhi high court order on August 18 stayed a move by BoB and the entire consortium of lenders to classify these accounts as fraud, restraining them from taking any other coercive action till the next hearing.
Fraud is a big concern among many board members.
The time the companies have to get ready for GST is 6 to 12 months.
India has been ranked as the most attractive investment destination in the world for the next three years.
Will the warning shots from giants like Unilever and P&G break digital growth?
Although the June collections were higher than that in July, however, it is important to note that during the previous month, a large number of taxpayers also paid taxes pertaining to February, March and April 2020 on account of the relief provided due to COVID-19.
Nokia may now not sell its Chennai unit.
No major deals above the value of USD 300 million happened last month, causing the decline from January, which registered deals worth USD 3.5 billion, according to a report released by consultancy firm EY on Wednesday.
The first quarter of 2018 saw infrastructure and real estate drive investment worth close to $8 billion across 180 deals
The high court's order, which says refunds paid on service inputs can be restricted, runs contrary to Gujarat HC verdict and could complicate matters.
With the amendment, firms like EY and Deloitte can work as resolution professionals instead of only their partners enrolling as insolvency professionals.
India's news broadcasters are a national shame that have polarised Indians, observes Vanita Kohli-Khandekar.
Pulse oximeters, hand sanitisers, temperature check equipment and ambulances too will attract lower 5 per cent tax.
Cancellation of at least Rs 3,000-crore worth of business has happened in the past few weeks.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
The new ITR forms have shifted the entire onus on the taxpayers to prove their claim for deductions, expenses or exemptions.
Go through the options and cast your vote in favour of the candidate who, according to you, will be capable of reversing the fortunes of the beleaguered Congress party.
Among other segments, home broadband subscriptions have picked up and the virtual private network service, too, increased by around 15 per cent.
All major sectors -- real estate, e-commerce, IT, retail and consumer products, healthcare -- saw new all-time highs in value invested.
Implementation of GST is expected to increase the gross domestic product of the country.
The biggest fear many of the e-commerce firms have is the possible requirement to change business models overnight, which would drastically increase costs as well as disrupt businesses.
The Central Board of Excise and Customs, through a notification on February 12, has slashed the duty on both the variants of motorcycles imported as completely build units (CBU) to 50 per cent.
Automobile dealers' body FADA said the Budget lacked immediate demand boosters for the automobile industry.
India accounted for a meagre 5.1 per cent of merger and acquisition (M&A) deals among emerging countries in the first nine months this year, the lowest in the BRIC (Brazil, Russia, India and China) nations.
Interoperability with other insurance companies - apart from banks, medical centres, among others - would be the eventual goal
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
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