No longer a discretion of the tax administrator, the audit of returns filed by taxpayers is now based on a selection by algorithms, notes Tarun Bajaj.
The window for the Asia Cup this year is between September 1-17.
No business delegation has been cleared yet for Prime Minister Narendra Modi 's visit to America from Friday.
A large number of American companies like Google, Uber and IBM are offering their resources to help India successfully fight the battle against the deadly coronavirus pandemic.
India has been at the forefront of the years-long efforts to reform the security council, saying it rightly deserved a place as a permanent member.
An exhibition on the origins of Indian art, culture, handicrafts, and India's grassroots farming innovations is scheduled for September 9 and 10.
Overhaul of the goods and services tax (GST) structure, including possible changes in the tax slabs, may now be taken up only after the 2024 Lok Sabha elections, given the number of states that are going to the polls in its run-up. "No major overhaul of tax rates is expected in GST until the end of next fiscal year. One major reason for this is that some members of the group of ministers (GoM) - mandated to look at rate rationalisation by the GST Council - are from poll-bound states. Later, this may lead to reconstitution of the panel," a senior government official told Business Standard. Besides, both the Centre and states are not in favour of frequent changes in the tax rates amid inflationary uncertainties; they believe any major change should be brought in after extensive deliberations, according to the official.
American companies have been called to invest and explore business opportunities in the state
It is a tribute to a system so robustly meritocratic that this team represents India's diversity better than any other institution: The Union Cabinet, our chief ministers, the civil services, the leadership of our armed forces and security agencies, the judiciary and more than all of these, our typical newsroom. That is the biggest message from this breathless rise of Indian cricket, asserts Shekhar Gupta.
'For our traditional membership base, it would be an access to disruptive ideas,' FICCI President Subhrakant Panda tells Asit Mishra/Business Standard.
The prime minister was impressed with the speed at which the apps designed by young programmers delivered results -- whether it be addressing problems like women's safety, and farmers and weather-related issues.
'You ain't seen anything yet,' EAM Jaishankar says about the India-US relationship.
'If you are going to have only a handful of telecom players on whom the entire dream of Digital India rests, it's important they are financially sustainable.'
In his opening remarks at the virtual summit of the Shanghai Cooperation Organisation (SCO), Modi also said that some countries use cross-border terrorism as an instrument of their policy and the grouping must not hesitate to criticise them.
Jewellers in India, the world's second largest gold consuming country after China, have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs 2,000 notes from circulation. However, there is no panic buying of the precious metal unlike the situation witnessed in 2016 during demonetisation, jewellers body GJC said on Sunday. In fact in the last two days, the actual gold purchase has been less in exchange of Rs 2,000 notes due to strict Know your Customer (KYC) norms although sources said some jewellers have started charging a 5-10 per cent premium, taking the gold prices to Rs 66,000 per 10 grams level.
After the Covid-19 pandemic that derailed the economy since 2019, the Durga Puja festival in West Bengal is back with an estimated 20-30 per cent jump in festive spending. Retail sector is the key contributor to the state's Durga Puja economy which was Rs 32,377 crore in 2019, according to a British Council study conducted for the state government. Retail accounts for 85 per cent of the total puja economy and the rest is shared among pandal making, decoration, illumination, entertainment, advertisement, food & beverage and others.
'This means the remedy will be worse than the disease. The thing which you want to avoid will happen.'
Calling COVID-19 pandemic and vaccines as one of the most important aspects of his discussions with top officials of the Biden administration, External Affairs Minister S Jaishankar has said the endeavour is to expand production of vaccines in India with assistance from the US.
The Trump administration has a "very positive view" of the Indo-US relationship and a lot of interest in taking the ties forward, Foreign Secretary S Jaishankar said on Saturday after his wide-ranging talks with senior Cabinet members and top officials in Washington.
Sources indicated defence and national security initiatives.
he Punjab government had also sought a judicial declaration that the assembly session held on June 19 and 20 was "legal and that the business transacted by the House is valid".
Multilateral platforms are being misused to justify and protect perpetrators of terrorism, External Affairs Minister S Jaishankar said
The tourism industry expects a short-term impact, as it is counting on the state's proven expertise in managing such crises.
Major Indian businesses and temples issued a joint statement opposing the proposed California Caste Bill SB 403.
Business confidence in India continued to improve and touched a two-year high in January, according to the latest National Council of Applied Economic Research (NCAER) - MasterCard Worldwide Index of Business Confidence.
US India Business Council has urged New Delhi and America to take steps to strengthen bilateral trade relationship to realise their 'true business potential'.
These self-appointed well-wishers of AMU are basically for the control or police model of university governance. They have no faith whatsoever in the democratic functioning of the universities, observes Faizan Mustafa, former dean, Faculty of Law, and Registrar, Aligarh Muslim University.
The two leaders discussed the Ukraine crisis and several regional and global issues including increasing trade relations and cooperation in the field of mitigating the impact of climate change during their bilateral talks at the Danish Prime Minister's official residence in Mareinborg near Copenhagen.
'Sullivan and Jaishankar welcomed the cooperation in recent weeks that resulted in deliveries of over USD 500 million in COVID-19 relief supplies from the US federal and state governments, US companies and private citizens across America for the people of India'
e of them requires MPs to follow the norms including the Code of Ethics, which mandates them not to take gifts that may interfere with honest and impartial discharge of their official duties.
The Mumbai Educational Trust (MET) announces admissions for their post graduate diploma in management (PGDM -- e-business).
Vice Chair of AIBC Sheda Nandkeolyar expressed her gratitude over the announcement made by Australian Prime Minister Tony Abbott in the Parliament that Free Trade Agreement deadline would be brought forward to 2015.
Economic recovery from the pandemic in the US has helped India achieve the $400-billion mark for exports for the first time in any fiscal year. According to the preliminary data compiled by the Department of Commerce, India exported goods worth $73 billion to the US from April 1 to March 21 - up 47 per cent, compared to last year. The US' share of exports, compared to total exports, stood at 18.2 per cent. The country is also India's largest trading partner and export destination.
"Satya Nadella is a perfect example of how appropriate, thoughtful immigration reform can benefit both our free-market democracies, says Ron Somers, president of the US-India Business Council.
'I want us not to underestimate Indian voters. They can tell good work from bad.'
While inaugurating the leadership summit of the US-India Business Council in Washington, DC, US Vice President Joe Biden said that there was no reason why the two largest democracies in the world should not continue to have a more productive relationship. Aziz Haniffa/ Rediff.com reports.
After a year's delay due to COVID-19, the 19th Asian Games officially opens in Hangzhou on Saturday with hosts China eager to lift a country mired in economic gloom.
Companies don't have to be in the field to nudge people to return money they owe lenders.
'Indians go to vote next week -- the world's oldest democracy should both celebrate and perhaps analyse this event and its implications.' Dr S Jaishankar, India's ambassador to the US, offers prescriptions for India-US ties.
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