The GST Council had given the option to real estate companies to either opt for old rates of 12% (for residential) and 8 per cent (affordable housing) with ITC benefits or the new tax rates of 5% for residential units and 1% for affordable housing without the benefit of adjusting the credit on inputs used during construction.
The man, son of retired SBI employees, had readied fake seals and challans of the public sector lender, and had other paraphernalia like a cash counting machine needed 'to run a bank branch', on an upper floor of his residence at Panruti, about 25 km from Cuddalore.
'I believe the modified scheme is much more beneficial and simpler.'
P S Jayakumar, managing director and chief executive officer, Bank of Baroda, speaks to Abhijit Lele & Hamsini Karthik about loan recoveries, sounding more confident than a year before.
The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.
Nirma's tryst with the pharmaceutical space started in 2006 when it acquired the ailing Core Healthcare in a deal reported to be worth Rs 300 crore. The Ahmedabad-based manufacturer of intravenous fluids was subsequently renamed Nirlife. Pharma industry insiders say Nirma, which broke open the detergent market in the 1990s with low prices and massive advertising, tried an encore of the low-price strategy in pharma, but with mixed results.
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
Declaring that the time had come to reopen Delhi, Chief Minister Arvind Kejriwal said on Sunday evening, "Self-employed people like technicians, plumbers, electricians, mechanics, sanitation workers, domestic helps, and people involved with laundry and ironing are allowed to work."
'From the time we landed to the time we left, we got so much love that I didn't feel like coming home.'
'If they are taking marquee locations and, say, are paying 50 per cent higher rent, those locations will see a spurt in rates as well.'
The girl lending the helping hand won her hearts and accolades, with Hero Cyles taking special note.
Here's how you can give your family heirloom a face lift with a dash of style and modern art.
Deepika studied till Class V at the village school itself.
He's not a cakes-and-candles kind of person, the legendary superstar confesses to Subhash K Jha.
'Never in the history of Indian cinema did we have a distribution system for 240 countries, but we have it now.' 'And if we still keep catering to the B and C-tiers of our country, and not the whole world, then we are really being losers.' 'The visionaries of the industry must pull up their socks and say that now we will create for the world.'
Its association with India is over 70 years old and spans both civil and military aviation. The Douglas DC-3 transport aircraft used by the air force beginning the 1940s and the iconic Boeing 747 aircraft flown by Air India, both had Pratt & Whitney (P&W) engines. The Indian Air Force's present-day, heavy-lift C-17 Globemaster III and the yet-to-be-inducted C-295 planes, too, have P&W power plants.
In the past few years, banks have been reducing the spread of retail loans for new customers while keeping the base rate unchanged.
The cement plants at Barmana (Bilaspur district) and Darlaghat (Solan district) had closed operations on December 14 due to the dispute between the company and truckers engaged in the carriage of cement and clinkers. According to a government statement, Chief Minister Sukhvinder Singh Sukhu said, "We have arrived at consensus, thereby protecting the interests of both the truck-operator unions and the management, besides welfare of all others who were being directly or indirectly hit by the stalemate."
'The Pakistan government, we were told, has a plan to renovate several Hindu temples and Buddhist sites, which over the years have fallen into disrepair. The aim is to create a pilgrimage circuit to attract visitors from all over the subcontinent.'
According to the complainant Mohammed Shafiuddin, who is a mosque committee member, the incident took place when a procession to immerse a 'Durga' idol was passing near the place in the early hours of Thursday.
Movie stars holiday in exotic locations and share lovely pictures on social media.
60-plus men and women who live independent lives are becoming the cynosure of ad men's eyes.
For many Mumbai voters, the experience left a bad taste in their mouths on Thursday, after they found their name missing in the voting list and were not allowed to exercise their right.
From real estate to metals, what Sitharaman's Budget has in store.
Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
Do you aspire to purchase a house? Are you depending upon a bank or housing finance company to fund your needs? Is the same rate of interest charged by two different lenders confusing you? You are at the right place.
It is by no means a perfect list and I might have missed out some important films but these are films that have entertained me, taught me how to be compassionate, to view the world, and understand people, their histories, behaviors and customs.
The village in Maharashtra has continuously sent soldiers to the Army since World War I. Every other person you meet is a soldier or a retired soldier or is aspiring to be a soldier.
December 2022 could be the last Christmas for Santha Bakery, a business drawing its lineage from the first Christmas cake baked in Kerala.
Raids are being carried out across the country by the Income Tax department in the wake of the burgeoning fake currency racket post demonetisation, as currencies both new and old have been seized in large amounts from Bengaluru, Panjim and Faridabad besides the national capital.
'The Elephant Whisperers is a hopeful story of respect and cooperation with nature in an era rife with conflict and threat to our beautiful planet.'
Lakshmanan contracted polio when he was only three months old. 'I didn't want to go for the swayamvar, but my uncle convinced me to attend.' He sat close to the door at the swayamvar. And then, Rohini walked in. Both her legs, too, were afflicted with polio.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
Twenty-year-old Ripal Prajapati had to settle for mailing a 'rakhi' to her god-brother this time around.
Meet the best dressed celebs on the Golden Globes virtual red carpet.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Bombay House turns evangelist for new Tata products.
One way to bring down the cost is selling off old furniture.
In northeast Delhi, Eid this year is a celebration of a long-time friendship that even stood the test of communal riots for some, while for many, it is shorn of any festivities.
'Is taxable amount above 1 Lac is also to be shown as income from other sources?'
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