China became the biggest producer of mobile phones, colour televisions and monitors in the world last year and its high-tech exports reached a record $110 billion, according to official statistics.
The booming Chinese economy will register a much slower growth at 8.5 per cent in 2005 compared to 9.1 per cent in 2004 due to a possible slowdown in both investment and exports, the state media reported on Friday.
Amid long-pending dispute between the UK-based telecom giant Vodafone and the tax authorities in India, Finance Minister's advisor Parthasarathi Shome on Wednesday said the government should not use retrospective amendment of tax laws to raise revenues.
Kharola leads from the front. As a team player, he also uses technology to improve processes whether it is training or assessing metrics, a key trait that would help to improve service quality of the national carrier.
'Clearly, the depositors of cooperative banks need the maximum protection.'
Campaigners call for Kofi Annan to take charge of FIFA reform.
'Votes-for-notes no longer only means cash and goodies for fence-sitting voters,' points out Sunil Sethi.
'If there is an RBI majority in the committee, there is no question of a veto.'
Mergers and acquisitions would continue to create big corporate conglomerates but there is a need to draw a red line to avoid dominance and curbing of open competition in market by them, he said while addressing a conference on competition issues in New Delhi.
Finance Minister P Chidambaram on Monday slammed "unregulated" players in the financial market saying their activities have adversely impacted large number of consumers.
The Narendra Modi government is understood to have ruled out changes in the controversial Armed Forces Special Powers Act in Jammu and Kashmir and favoured its continuation in the present form in the state.
Y H Malegam, 80, will head the panel that will look into non-performing bank assets and their relation to the Rs 114-bn PNB scam.
A committee on digitalisation headed by Andhra Pradesh Chief Minister Chandrababu Naidu had in an interim report recommended taxing cash transactions of at least Rs 50,000 to promote digital payments.
The Bill has already been passed by the Lok Sabha.
The government has proposed to implement GST from April 1, 2016, and the new Finance Commission may be set up ahead of its schedule to look into the issues related to the new indirect tax regime.
A well-functioning GST will enhance tax compliance and boost growth: IMF
Security of tenure is important for a bureaucrat to work efficiently. There has to be some rationale behind posting a bureaucrat to a particular department, says former cabinet secretary T S R Subramanian
DEA officials to push for this at a meeting with FM Jaitley.
The Indian economy grew by 4.9 per cent in 2013-14 fiscal.
The Chabahar port, says Ambassador M K Bhadrakumar, 'can be the first significant footfall in an Indian variant of the 'Belt and Road' initiative.'
Some experts had said the Budget did not have much in terms of big ideas.
Scandal-plagued FIFA have turned to the man who helped the International Olympic Committee (IOC) out of their corruption crisis, appointing Swiss Francois Carrard as chairman of their reform committee.
In what may come as a major relief to citizens, the government has decided to do away with the necessity of filing affidavits from a gazetted officer or a notary for a big chunk of government-related work and instead to promote self-attestation of documents.
The new rail and road cargo service launched on Friday, linking Guangdong, Tibet and Nepal, aims to boost trade with the South Asian neighbour as China pushes forward its Belt and Road (Silk Road) initiative, state-run Xinhua news agency reported on Saturday.
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On June 27, the Cabinet approved a new formula that uses weighted average of the price of LNG into India and average price at major gas hubs.
A Las Vegas museum devoted to the exploits of Tommy gun-wielding mobsters will open a permanent display that explores the "rampant corruption" of global soccer's scandal-rocked governing body, which has drawn comparisons to organized crime.
Qualcomm has agreed to pay a hefty fine of $995 million.
FMC has been asked to go ahead with the appointment of 20 experts, which the commission had sought earlier.
Lance Armstrong will still ride parts of this year's Tour de France route for charity despite feeling as popular as Voldemort, the unspeakable villain of the Harry Potter movies.
The Sebi chief said that although the idea of an SRO has been challenged in court, he is hopeful of its implementation.
The economic growth fell to a decade low of 5 per cent in 2012-13 fiscal.
The Tax Administration Reform Commission submitted report to Jaitley in June 2014.
Two top sponsors of FIFA and its World Cup tournaments on Friday ratcheted up pressure on the global football body for major reforms as a corruption scandal casts a lengthening shadow over the sport.
China and Pakistan on Friday signed eight agreements, including a whopping $18 billion deal to build a 200 km-long strategic tunnel through the rugged PoK, as the two all-weather allies sought to boost economic ties and supply critical oil to the energy-hungry Communist giant.
The bad loans of public sector banks were at 4.4 per cent in March 2014 compared with 2.09 per cent in 2008-09, it said, adding, the gross NPA increased by almost four times from March 2010 (Rs 59,972 crore or Rs 599.72 billion) to March 2014 (Rs 2,04,249 crore or Rs 2,042.49 billion).
The constitution amendment Bill on a national GST is likely to be tabled in the current session of Parliament. However, the government is not confident of passing the Bill this session.
China will prioritise the development of a floating nuclear power platform in the coming five years.
A tax reforms panel, headed by finance minister's advisor Parthasarathi Shome, is considering moving away from setting fixed tax-collection targets and linking these with the changing economic scenario during the year.
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