Trade deficit with China has risen to $40 billion, a cause for worry.
PHD Chamber of Commerce and Industry on Thursday asked the government to revamp tax structure and extend tax holidays for the high-cost and risky research and development sector
'There are deliberations on whether there can be lowering of income taxes and other sops to keep more money in the hands of taxpayers, enabling them to spend more and boost demand.'
'Some companies have agreed to 2-3% incentive but the automakers and SIAM have to decide amongst themselves'
The government, however, will allow collective prayers to Goddess Durga where number of people should not be more than 200.
The order issued by Union Home Secretary Ajay Kumar Bhalla is a slight modification of the reopening guidelines issued on September 30 where the political gatherings were allowed from October 15. The political gatherings can be held only outside the containment zones.
The Union health ministry on Tuesday said that aid received from other countries has been distributed in different states to help deal with the rising number of COVID-19 cases.
The capability of drones to evade radar, wreak devastation at strategic installations and transport weapons to terrorists has been a continuous concern for the country's security establishment, and in a maiden incident, these unmanned vehicles were used to strike an Indian Air Force base in Jammu on Sunday, officials said.
The crew of 120 will be quarantined for a week and the shoot will begin on August 15, and go right up to September 20.
Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse: IT Minister Ravi Shankar Prasad.
Under the scheme, the government will provide financial incentives for each electric vehicle sold in India during the remaining part of the 11th Plan.
Tamil Nadu Chief Minister K Palaniswami on Tuesday launched new industrial and MSME policies aimed at providing further impetus to industrial growth by attracting more investments and also offering sops for development in the industrially backward districts.
The order, listing various allowed and restricted activities because of the Covid pandemic, will come into effect from November 1.
Airlines such as IndiGo, Air India, Vistara and AirAsia India have decided to go with the new attire to ensure safety of cabin crew members as they are in close proximity to passengers during flights
The central government is likely to extend the Software Technology Parks of India (STPI) scheme beyond 2009 only to Indian information technology-enabled services/business process outsourcing (ITeS/BPO) firms. A proposal to this effect has been included in the 11th Five-Year Plan document, which will be put up for the approval of the National Development Council, headed by the prime minister, on December 19.
The Non-Resident Indians (NRIs) living in the US, UK, Canada and Singapore can now avail the benefit of a lesser tax deduction on their Non-Resident fixed deposit with ICICI Bank, a top bank official said in Mumbai. The NRO FD Plus offers the benefit of concessional rate of tax deducted at source (TDS) under the Double Taxation Avoidance Agreement (DTAA) of India with these countries, ICICI Bank General Manager and Head NRI Services Manish Mishra said.
Jayanta Roy Chowdhury reports on how the West Bengal elections are being fought by the BJP and Trinalool Congress amid COVID challenges, 'Bangaliana', and campaigns based on religion, region, and caste.
The government is believed to have approved the proposal of granting tax benefits to IDBI in the first five years after its conversion into a bank to ensure that it continues its development financing role.
The move may be part of Budget 2008-09, a senior government official said.
The lure of FMCGs has faded over the years with the rise of consultancy firms, foreign banks and software companies, according to the Campus Recruiter Index, an annual survey by research agency AC Nielsen tracking students' perception of recruiting companies on campuses.
In June, the new government led by Narendra Modi extended the excise duty concession by six months to December 31, which is not being further extended.
The measures include increasing the number of services on which exporters are granted service tax exemption and refunds, re-introducing interest payment on the Exchange Earners Foreign Currency account and extending the period and scope of pre- and post-shipment credit.
Sports Minister Kiren Rijiju on Tuesday said a team has been formed to draw up a post-lockdown Standard Operating Procedure (SOP) to be followed by athletes, coaches and other staff during outdoor training that will resume in a "planned manner". He assured the athletes that their training will resume soon but given the risks the coronavirus pandemic poses, the process will involve consultations with home and health ministries.
Non-Resident Indians in the Gulf have urged Finance Minister Jaswant Singh to retain the present tax benefits for NRIs returning home permanently and not abolish the Not-Ordinarily Resident status now valid for nine years.
It is what you may call charity with benefit.
The vaccination can be held at workplaces that have around 100 eligible and willing beneficiaries.
They have been moved to a SAI empanelled hospital as a precautionary measure for further monitoring.
India has a shortage of 150,000 rooms and the government hopes this will create additional 7,000 hotel rooms for events like the Commonwealth Games, scheduled in New Delhi in 2010.
A group of 200 farmers will travel to Jantar Mantar from the Singhu border in buses with a police escort and hold protests there from 11 am to 5 pm, sources in the Delhi Police said.
The polling will be held between 7 am and 2 pm in 34 constituencies -- 17 each in Kashmir and Jammu divisions. Besides DDC elections, polling will be held for panchayat bypolls in 50 vacant sarpanch seats and 216 vacant panch seats falling within the DDC constituencies, an official spokesman said.
The Oil and Natural Gas Corp wants to challenge the government's decision to withdraw the seven-year tax holiday on production of natural gas in a high court as the economics of its deep-sea projects will be severely hit because of the decision.
West Bengal might have Bollywood actor Shah Rukh Khan as its brand ambassador, but the alliance comes at a cost.
The government claims the existing safeguards under the law are adequate, lawful, towards a legitimate purpose and provide for a "proportionate interference" in citizens' right to privacy, reports Nitin Sethi.
