The Supreme Court-appointed Special Investigations Team on black money has also proposed that holding more than Rs 15 lakh in cash be made illegal for individuals and for companies, report Tinesh Bhasin and Sanjay Kumar Singh.
According to the draft, in the northeastern states the threshold is at Rs 500,000.
The West has built a culture of art philanthropy.
A federal jury on Monday convicted Susan Xiao-Ping Su, the founder of California-based Tri Valley University.
'Clearly, the depositors of cooperative banks need the maximum protection.'
The Vadodara court has accepted a memorandum signed by 23 members of the Gaekwad royal family to end their feud of 23 years
Market regulator also announces measures for mutual funds sector.
Henry Kravis, co-founder of global private equity firm Kohlberg Kravis Roberts & Co, thinks India should go for a bad bank to deal with bad assets in banks. In an interaction with journalists in Delhi, he says there are plenty of opportunities in India. He was joined by India CEO Sanjay Nayar.
Reaching a consensus might also get tougher, as already seen with issues like inclusion of natural gas in GST and imposition of a sugar cess, both central proposals being resisted.
'I say Modi was India's last chance.' 'Because the kind of work this government has done -- I'm talking about physical delivery -- is fantastic, like no time in our history.'
The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.
Criticising various provisions in the proposed GST regime, Moily said it will be a "technological nightmare" and the anti-profiteering provisions in it are "far too draconian."
Henry Kravis, co-Chairman and co-CEO of private equity giant Kohlberg Kravis & Roberts (KKR), which has over $195 billion assets under management and a balance sheet of $16 billion visited Mumbai recently for a closed conference where he shared his views on the new governor at RBI, what India needs to fix, and PE's prospects for the long term.
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The anger against land acquisition is not only among landowners.
The call to make brand ambassadors accountable has rattled filmstars and sports stars.
Tax Guru Anil Rego answers your personal income tax queries
What's the mantra for reviving ghost malls? Most important, a right mix of products. They also need to transform into community spaces.
The new norms also seek to ensure that sufficient safeguards are put in place to avoid any misuse of its new powers and the required privacy of individuals is granted while conducting search and seizure operations.
Sahara has ploughed at least Rs 1,500 crore from two of its credit cooperatives into the Aamby Valley resort project
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Corporate lawyers say the fine on independent directors will make them more cautious and some will be wary of taking assignments from companies with low corporate governance standards.
The news of Bengaluru-based IMA cheating thousands once again underlines the need for investors to steer clear of unregulated deposit schemes. The most important sign of a Ponzi scheme is the promise of exorbitant returns and so investors must ask how the promoter expects to earn the kind of return he is promising, says Sanjay Kumar Singh.
He said land is required for rural roads, irrigation, electrification.
How will the government's decision to demonetise Rs 500 and Rs 1,000 notes help curb the creation and flow of black money into the Indian economy?
The government has changed arbitration laws, amended some 'provisions' of the Companies Act.
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New York Stock Exchange President 38-year-old Tom Farley (ranked 7) and Twitter co-founder and CEO 37-year-old Jack Dorsey.
Pranay Bhatia offers insights on some key issues from Nirmala Sitharaman's maiden Budget.
Inter-ministerial programmes have run into obstacles as rules written by bureaucrats hamper rather than promote investments.
What is the National Herald case all about? Here's a ready reckoner.
Britain's vote to leave the European Union means uncertainty for markets and companies as London initiates at least two years of negotiations with the EU.
A minor fix in tax laws can make start-ups bloom, says Ajit Balakrishnan.
A minor fix in tax laws can make start-ups bloom, says Ajit Balakrishnan.
Automation, artificial intelligence, cryptocurrency and virtual reality would demand more jobs.
'This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years.'
A look at the financials of some of the key companies in the Sasikala clan's business empire.
As part of their deal Diageo agreed to pay Mallya, $75 million for stepping down as chairman of United Spirits and for entering into a non-compete pact
The 51-year-old televangelist, who is currently abroad, is being probed under terror and money-laundering charges by the NIA.
After Narendra Modi's exit from state politics, the BJP and Hindutva forces are falling back on communal politics, says Vinay Umarji
Your vote now is going to decide whether India fixes itself and becomes a vibrant democracy, or a failed State like the ones in our neighbourhood, says Dasarathi G V.
The SIT on black money has widened its probe.
The Modi administration has been unable to initiate key reforms.
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