Two full-fledged semiconductor fabrication plants are going to come up in India very soon entailing multi-billion dollar investment besides several chip assembly and packaging units, Minister of Electronics and IT Rajeev Chandrasekhar said. In an interview with PTI, the minister confirmed that the two projects include a $8 billion proposal submitted by Israel-based Tower Semiconductors and the other from Tata Group. "I am happy to share this with you and you are probably the first one I'm sharing this with.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The number of people who file tax returns has also increased by about 65 per cent during this period from 3.31 crore in FY 2013-14 to 5.44 crore in 2017-18 fiscal, the CBDT said in the statement.
Fiscal deficit planned to reduce to 4.8 per cent in FY2014, subsidy bill remains elevated. Proposes to reduce fiscal deficit to 3%, the revenue deficit to 1.5 per cent and the effective revenue deficit to zero by FY2017.
Ahead of RBI policy meet, India Ratings said an interest rate hike of 0.50 per cent in the remaining part of the fiscal will throw the BSE 500 companies into a quandary.
Russia is among the top buyers of Indian tea, accounting for about 18 per cent of the industry's total exports.
In 2013, Chinese counterfeit and pirated goods seized in the US accounted for a total value of $1.1 billion, representing 68 per cent of all such goods seizures by the Customs and Border Protection, the US Department of Homeland Security said on Monday in its annual report.
The top line growth for the 500 companies slowed down to 8.7 per cent.
The company had been posting decline in net income for the last 14 consecutive quarters.
Apart from the many old rules, you need to be aware of a number of new ones to be able to claim your deductions well.
Here are handful of the number of amendments expected and predicted by analysts in the Union Budget for 2013-2014.
The government has been trying to make the tax laws simpler every year; however, there are numerous amendments required in the tax laws.
Two months back the bank had made a projected the GDP growth at 5.6 per cent for the same fiscal.
Government has missed the overall revised tax collection target for both direct and indirect taxes by Rs 2,288 crore.
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
In FY 2012-13, the country's merchandise exports had aggregated at $ 300.4 billion.
'Vishal Sikka may have realised that he was in no position to deliver on the promise Infosys made to its shareholders.' 'Perhaps he was looking for an escape route and he quit under the cover of "continuous drumbeats of distractions",' says Sudhir Bisht.
Economic Survey says Services Sector Negotiations at WTO Crucial.
"Lot of misinformed speculation is going around in media. Government's fiscal math is completely on track. There is no proposal to ask RBI to transfer Rs 3.6 or 1 lakh crore, as speculated," Economic Affairs Secretary Subhash Chandra Garg tweeted.
The store launches same-day delivery for its site, though analysts say others have eroded its headstart in the brick and mortar format.
The IS curve is a measure of the sensitivity between GDP and prevailing interest rates.
On Wednesday, September 18, the Supreme Court denounced manual scavenging as 'most uncivilised and inhuman'. 'It is the notion that they are born to do this which needs to change.'
But earnings of main private holding firm get a booster dose from RIL dividend
Growth in incomes in the top most slabs have increased substantially compared to (a) previous two years and (b) lower income brackets
New job generation in Mumbai declined by 28 per cent in the April-June quarter this year to over 13,100, while Chennai saw a decline of over 21 per cent to just over 8,000 new jobs in the quarter, the study said.
India's growth rate is expected to improve to 7 per cent by FY 2017, while inflation and current account deficit are likely to moderate in the coming years, a Citigroup report said.
the processing of the returns to determine refunds is an ongoing and continuous process and a return can be processed up to one year.
Growth is coming across both government as well as private sector.
To cut costs, Air India is pruning the number of its foreign and local offices.
India's current account deficit which narrowed in the second quarter of this fiscal, however, is likely to widen during the second half of FY 2013-14 as seasonal demand bring in more imports, an HSBC report says.
Gross non-performing assets in system have grown to 4.1 per cent in FY14 from 3.4 per cent a year ago
These categories rank among India's top 10 export items by value.
The information technology sector, India's largest private-sector employer with 3.1 million direct jobs, will witness muted hiring activity this year.
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
According to the report by the global financial services major, the FY2013-14 CAD is expected to be within $36 billion or 2 per cent of GDP, and this fiscal year CAD is likely to be slightly higher but contained at 2.3 per cent of GDP.
Nearly 57 per cent of total income of five national parties during financial year 2013-14 was from sale of coupons (smaller donations), a leading election watchdog NGO has said.
Meru Cabs, one of the first radio taxi services in the country, is contesting service tax notices sent to it since 2010 in the Bombay High Court.
The country's 44 fund houses together garnered an average Asset Under Management) of Rs 9.04 lakh crore (Rs 9.04 trillion) during the January-March quarter of 2013-14, up from Rs 8.76 lakh crore (Rs 8.76 trillion) in the previous three-month period, Crisil said attributing the data to the Association of Mutual Funds in India.
The bank's net profit on standalone basis was Rs 2,652 crore (Rs 26.52 billion) in the forth quarter of the 2013-14 fiscal, up 15.01 per cent from Rs 2,304 crore (Rs 23.04 billion) in the year-ago period, ICICI Bank said in a statement.
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The investment will be fully funded from the firm's cash resources and will target adding 530 million barrels of oil to its reserves.
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