Finance Minister Nirmala Sitharaman on Monday conveyed to Infosys CEO Salil Parekh in no uncertain terms the government's "deep disappointment and concern" over the continuing glitches in the new income tax filing portal and set September 15 as the deadline for the software major to resolve all snags. As glitches continued to mar the functioning of the portal even after over two months of its launch, Sitharaman summoned Infosys MD & CEO Parekh at her office here to know the reasons for not resolving the snags in the portal. A statement issued by the Income Tax Department said that during the meeting the finance minister emphasised that there is a need for putting in more resources and efforts on the part of Infosys so that the much delayed delivery of agreed services is ensured.
Allocation of portfolios would be the immediate vexatious issue for the party, with supporters of Virbhadra Singh already feeling sidelined after the elevation of the late chief minister's professed rival Sukhu.
Modi said not a single leader of the opposition grouping INDIA has uttered a word against the "disrespect" for women.
Only NIIF has stayed the course as a viable infrastructure financing institution.
Under the proposed scheme, there will be tripartite agreement with member, bank/housing agency and EPFO for pledging future PF contributions as EMI payment.
'A subscriber will know exactly how much of his money is in debt and how much in equity.'
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
Green signal from Jaitley; CVC okays Hemant Contractor for head of PFRDA
Tata Communications has elected the private equity (PE) veteran as a successor to Subodh Bhargava.
Kharge, who was elected Congress president recently, arrived in Himachal Pradesh Tuesday evening and addressed his first public meeting in Banuti in support of party candidate from the Shimla Rural assembly constituency Vikramaditya Singh.
US private equity firm I Squared Capital is dropping out of the race to buy India's second-largest state oil firm, Bharat Petroleum Corporation Ltd (BPCL) owing to a complex deal structure and lack of financial backers for the transaction, sources said. I Squared Capital through its Indian arm, Think Gas was among the three suitors that had evinced interest in buying the government's near 53 per cent shareholding in BPCL. "The company has made a decision not to participate in the financial bidding," a source with direct knowledge of the development said.
Budget is likely to focus on infrastructure creation in the N-E
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Finance Minister Arun Jaitley, along with other senior ministers, on Tuesday pitched India growth story before 21 large global investors
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Else, repent when you reach your golden years
This may mean easier access, simplified KYC and documentation requirements, and fewer investment restrictions for a majority of FPIs, especially broad-based funds and pooled vehicles that were earlier part of Category-II.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The overall message to the middle class is: the days of freebies are over.
'Institutional ownership, by December 2018, had increased 37.5% from approximately 22% in early 2009,' points out Amit Tandon.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
'Our thrust would be on basic facilities first like sanitation'.
'IPOs not clicking is cause for worry,' says Sebi chairman.
The sudden exit of Yogesh Agarwal as the chairman of the Pension Fund Regulatory and Development Authority, or PFRDA, has once again brought the relationship between financial sector regulators and the finance ministry into sharp focus.
The minister plans to reinstate the Railways as the backbone of the economy
From its March 2020 low, Bitcoin has gained a massive 474 per cent and has surged 214 per cent year-to-date.
Nobody bothered to articulate the upsides; instead, the four-year tour of duty and denial of life-long pensions got played up.
Job-seekers for government and related opportunities found that their future was at risk, points out Shreekant Sambrani.
He said trust and confidence were the backbone of any financial system and one should never underestimate the power of ethics and values.
All banks are eligible for privatisation. A committee of secretaries will decide which banks will be privatised, says Financial Services Secretary Debasish Panda.
The asset manager is yet to resolve the impasse surrounding the payment of pension to its erstwhile employees who had opted for voluntary retirement in 2003.
The government, it would seem, is reserving its firepower to spend on big-ticket items that will be announced in the Budget, reports Subhomoy Bhattacharjee.
It was a "bloody Monday" for Chinese stock markets as shares once again nosedived in the sharpest decline since 2007.
To threaten China and Pakistan, and then to sharply cut back on military funding, bespeaks a remarkable trust in Beijing and Islamabad that is not borne out by anything they say or do, notes Ajai Shukla.
'One of the ways to do that is to ensure that NBFCs have got liquidity.' 'If we don't do that, this mood of gloom will continue.' NBFCs need to be provided with liquidity if they have to start lending.
Retirement fund body EPFO net added 14.81 lakh subscribers in August 2021, reflecting a growing trend in net payroll for the first five months of this fiscal. The provisional payroll data of Employees' Provident Fund Organisation (EPFO) released on Wednesday highlights that it added around 14.81 lakh net subscribers during the month of August 2021, a labour ministry statement said. The data reflects a growing trend in net payroll for the first five months of the current financial year, it added.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
Christopher Wood, global head of equity strategy at Jefferies reiterate his bullish view on Indian equities on the back of a steady fall in Covid cases coupled with a sharp economic recovery in India, reports Puneet Wadhwa.
Indian property markets are not in the pink of health.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The opposition will seek to target the government on the issue of farmers' plight as well as their demand for a legal backing for minimum support price.
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