The Central Board of Excise and Customs (CBEC) have tightened noose on commercial renting of immovable property and telephone companies by receiving information through other sources to detect any possible evasion of service tax.
Delhi International Airport Ltd, the five-company consortium led by Bangalore-based infrastructure conglomerate GMR Group that is upgrading Delhi airport, has managed to raise over Rs 1,000 crore (10 billion) to meet its financial obligations for the Rs 8,890-crore (80 billion) project.
The State Bank of India (SBI) on Wednesday said that it was examining the possibility of another round of reduction in its benchmark prime lending rate (BPLR), while adding that it was offering the cheapest rates across loan categories.
The world has spent a staggering $11.9 trillion to wriggle out of the financial crisis, a sum which is enough to finance a Pound 1,779 handout for every person living on the planet, The Telegraph said quoting the International Monetary Fund.
The total revenue earned by central government and state governments after regular settlement in December was Rs 43,851 crore for CGST and Rs 46,252 crore for SGST.
It is also felt that under the current market conditions, the building is unlikely to garner the kind of funds expected from a prime real estate at Nariman Point
Lt Colonel E K Niranjan was undertaking a mopping up and render safe procedure on the encounter spot when a blast occurred and splinters and sharpnels hit the officer fatally.
Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation.
Play is likely to begin at 09.30 IST as groundsmen are carrying out mopping up work.
India produced a clinical all-round performance to thrash hosts South Africa by 88 runs in the first one-dayer of the ICC Women's Championship at Diamond Oval in Kimberley on Monday.
In the past few months, 45 companies have signalled their intent to raise money through the institutional placement route.
Vacancies in high courts continue to mount with the collegium which made a comeback three months ago yet to recommend fresh names for the posts, including that of chief justices to eight of them.
Petroleum minister Murli Deora discussed the idea of levy of $0.20 per million British thermal unit as cess on natural gas to mop up Rs 3,000 crore (Rs 30 billion) annually for laying down the gas pipeline network with CEOs of state-run firms. The brainstorming session called to chalk out the 100-day plan for the new government also decided on launching a new Scheme of Rural LPG Distributor (Gramin LPG Vitrak), petroleum secretary R S Pandey said.
India captain Mahendra Singh Dhoni expressed disappointment after the third and final Test against the Kiwis ended in a draw and said he was expecting another 10 overs to mop up the New Zealand tail before the heavens opened up and dashed his hopes.
Revenue buoyancy of GST will be key to improve the resource position of both central and state governments.
Banks are busy advertising attractive deposit rates that are on offer, lining up roadshows and door-to-door campaigns. Some of them are even offering incentives to their employees to woo depositors. As a result, they expect to mop up more than 20 per cent of what they usually do during November. Banks have also stepped up the deposit-mobilisation drive because they will be reducing interest rates from December.
The divestment department has lined up a host of companies.
The net direct tax collections for the period are lower due to higher tax refunds given by the government which grew by about about 64 per cent to Rs 33,137 crore (Rs 331.37 billion) compared to last year, the Central Board of Direct Taxes said in a statement on Thursday.
The Centre has collected 3.10 per cent more in direct taxes in September at Rs 64,737 crore (Rs 647.37 billion) compared to the same period last year.
Bengaluru based Dinesh Malhotra, 54, an ex-Army officer who is working as a human resource professional in a construction firm shares some survival tips.
Public sector banks could see higher pressure on their net interest margins in the coming months as they have mopped up large amounts of deposits at higher rates and have also effected steep cuts in lending rates between November 2008 and January 2009.
Soumitra Chatterjee -- one of the finest Indian actors of our time -- meant so much to Aseem Chhabra.
NPS still has critics despite being in business for a decade and mopping Rs 24,000 crore as of 2013-14.
IIFCL has come out with a Rs 2,500-crore (Rs 25-billion) issue on a private placement basis with an option to retain an oversubscription of Rs 10,000 crore (Rs 100 billion). The bond, which was guaranteed by the government, will give a 6.85 per cent tax-free return to investors and have a maturity period of five years.
The move will help mop up not more than Rs 10 billion, which is only a fifth of the capital requirement of the industry, led by Jet Airways and Kingfisher Airlines, say experts. The expected investment has been calculated on the basis of a 100 per cent premium on the current valuations of Jet Airways and Kingfisher -- two of the country's largest carriers by market share -- which require over Rs 50 billion.
The Life Insurance Corporation of India, the country's largest insurer, is pulling out all stops to mop up Rs 25,000 crore (Rs 250 billion) through Jeevan Aastha, a single-premium product which offers at least 9 per cent guaranteed returns, in an attempt to reverse the trend of falling sales.
The girl, who is now hospitalised, had bruises below her waist and was also bleeding from a knife cut on her back. Her eyes were also swollen due to her having been beaten.
The corona deaths in India so far add up to 91,149 (September 24, 3.26 pm). It is seven-and-a-half times the number of Indian soldiers slain in all the wars (1947, 1961-1962, 1965, 1971 and 1999) in post-independent India's history, observes Ambassador M K Bhadrakumar.
The opening day of the Olympic tennis turned into a nightmare for the organisers as rain washed out most of the schedule and women's top seed Ana Ivanovic pulled out with a swollen thumb. Just nine of Sunday's slated 45 matches survived the torrential downpours and thunderclaps that left fans frustrated and volunteers mopping the courts with towels.
The department of economic affairs in the Union finance ministry has suggested aggressive sterilisation of foreign capital inflows, tightening of government expenditure and intervention in key farm produce markets like wheat.
Public sector banks have lowered both deposit and lending rates, while almost all private and foreign banks have stayed away from rate cuts despite the Reserve Bank of India reducing key rates. HDFC Bank has become the first private sector lender to reduce deposit rates, while other private sector banks said they would also jump on the bandwagon over the next few weeks.
The National Security Guard, which is engaged in a gun battle with the terrorists at Taj Hotel in Mumbai, said all but one terrorists were killed in the encounter and hoped to wrap up the flush-out operation at the Trident-Oberoi hotel and Nariman House very soon."There is one terrorist in the Taj Hotel. He has been injured and I think we will be able to mop up the operation there very quickly," Director General of NSG J K Dutt said.
The government is set to exceed its 2009-10 disinvestment target of Rs 1,120 crore through the first company that is slated to go to the markets this year -- NHPC.
Despite a steady collection rate, the government faces a steep Budget target of Rs 6.1 trillion for CGST for 2019-20.
Include nutritious food in your diet. Avoid alcohol. Take your last meal at least 3 hours before bedtime.
Forex dealers said besides dollar's gains against other currencies overseas, increased demand from oil importers for the US currency put pressure on the rupee.
The central government is considering an expansion of the list of fertilisers that are eligible for subsidy.
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
More than a week after state-owned oil firms ended a 19-day pre-Karnataka poll hiatus on revising fuel prices, petrol and diesel rates have touched record highs.
'I would want people to have food on their tables and their wages to rise.' 'Will that happen or not is the question that we need to ask and answer.'
