Admitting to irregularities in the export of non-basmati rice to some African countries during UPA-I tenure, the government on Friday said it has referred the matter to the CVC after slapping show-cause notices on officials of PSUs, involved in the transactions.
State-run Bank of Baroda and Oriental Bank of Commerce are among those facing scrutiny.
In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
The exemption from MAT does not apply retroactively.
The approvals would be handled independently by administrative ministries of different sectors.
Srinagar-born Dr Vijay Sazawal, 64, of Bethesda, Maryland, who has over 35 years of professional experience in the nuclear industry covering the entire fuel cycle, has been appointed by United States Secretary of Commerce Gary Locke to serve on the Civil Nuclear Trade Advisory Committee for a period of two years.
The commerce and industry ministry is not in favour of allowing foreign airlines to buy stake in Indian carriers on the ground that the sector is sensitive.
It is mind-boggling to find our prime minister putting exports on the back-burner, says Jayanta Roy.
A single agency would soon handle all applications for export licenses in the US, President Barack Obama said as he laid down his motive of streamlining the cumbersome and time consuming procedure across multiple agencies.
It, however, does not manufacture devices on its own and rather does it through contract manufacturers.
Chidambaram has not been named as an accused in the FIR and the CBI is yet to file a chargesheet in the matter.
India will not allow Chinese companies to participate in highway projects, including those through joint ventures, Union Minister Nitin Gadkari said on Wednesday amid the border standoff with China. Gadakri also said the government will ensure that Chinese investors are not entertained in various sectors like the micro, small and medium enterprises (MSMEs).
Facing flak from opposition Congress on the mining issue, the Karnataka government on Monday ordered a probe by Lokayukta into illegal export of minerals, including iron ore, from 2000 till date.
India Post is eyeing a jump of about Rs 100 crore in turnover at Rs 141 crore from the philately segment this fiscal.
University of Delhi's Department of Commerce invites applications for admission to two full-time two-year professional programmes.
Govt renews search for five PSU bank chiefs; norms relaxed.
Credit to priority sectors as well as small and medium industries will be discussed to find ways to accelerate economic growth.
Mukherjee's family and relatives paid their last respects clad in PPE kits while conforming to COVID-19 safeguards.
The new entrants are young, enterprising Chinese men and women who want to tap into the promising Indian market.
The board would take a decision on these applications on February 20.
Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer
The Income-tax Department has allowed irregular exemptions on TV rights from BCCI to four cricket associations resulting in non-levy of tax to the tune of Rs 37.23 crore, the Comptroller and Auditor General (CAG) said on Friday.
The government is considering a proposal to allow 100 per cent foreign direct investment into the country's defence sector, despite stiff opposition from the defence ministry that has raised security concerns.
One of the papers could be on liberalising the foreign direct investment regime in the retail sector.
Gujarat Chief Minister Narendra Modi was the Chief Guest at the event.
The Doha negotiations has been virtually stalled since July 2008.
The economy clocked a robust 7.9 per cent growth in the second quarter, catapulted by a stimulus packages-powered strong industrial growth. And, manufacturing grew by 9.2 per cent against 5.1 per cent in the year-ago quarter.
National Security Advisor Susan Rice, influential business leaders and a host of other lawmakers, including Indian-American Congressman Ami Bera, would be travelling with President Barack Obama to attend India's Republic Day celebrations.
Last year, the software giant launched a cloud adoption programme for SMBs.
Modi will have limited choice other than stressing upon a request for more time to decide on tariff rates, especially with elections in 2019.
Swadeshi Jagran will be leading the delegation on a multi-city tour, expected to start on September 21. The week-long trip will include meetings with industry bodies and government agencies.
Currently, India imposes 30-45 per cent duty on textile products from Pakistan.
Google is going ahead with a policy revision mandating 30% charge on in-app purchases across all apps on Play Store. This has left developers' community worried about tighter squeeze on their earnings, says Yuvraj Malik.
The 21-day coronavirus lockdown in force since Wednesday has triggered a mass exodus of migrant workers across the country since the last few days.
The Ministry of HRD, government of India, Department of Science & Technology, government of India and The Associated Chambers of Commerce and Industry of India present the Fifth Education Fair: International Exhibition and Seminar.
This review will examine the details of import of shrimp to the US between February 1, 2009 and January 31, 2010.
