The I-T department said NuPower's balance sheet did not substantiate the high premium paid by Singapore-based DH Renewables for its shares, and suspects it could be a case of round-tripping of unaccounted income by NuPower.
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
In 2017, a consortium led by Russian state oil company Rosneft agreed to buy Essar Oil for $12.9 billion in India's biggest foreign acquisition of a homegrown company. Rosneft's buyout of Essar's assets was meant to herald a wave of energy investments in India - over six decades after Esso, Caltex and Shell invested in India's refining sector in the 1950s. But the government has tripped up in its efforts to sell Bharat Petroleum Corporation Ltd (BPCL), formerly Burmah Shell, a blue chip public sector company. Bidders include a couple of global funds and resources firm Vedanta.
Building a company is a marathon, says Akshay Bhatia.
The government is looking to plug loopholes in the Indian customs law provision that allows tax exemptions for gifts up to Rs 5,000 and trade samples up to Rs 10,000 sent to India from abroad.
"We see the Indian economy rebounding from our projected 6.1 per cent growth this fiscal year to something like 7 per cent in the next fiscal year (2020). We see the factors that will support growth, including monetary policy stimulus, working their way through the pipeline," Jonathan Ostry, Deputy Director, Asia Pacific Department at the IMF, told reporters.
Long accused of being a route for avoiding taxes for foreign investments into India, Mauritius says it has put additional safeguards in place to thwart such wrong perceptions and to boost its image as a preferred global financial centre.
Financial planners also believe that retail investors should avoid the IPOs or direct stock route because it is too risky for them.
Karnataka tax dept may attach assets of dealers; new retailers not being registered
Airline says can't discuss dues publicly, denies grounding of planes
The Indian market regulator had revamped the FPI regulations in 2014 giving custodians the mandate to collect and verify the KYC documentation of offshore investors
Regulated electronic platforms such as e-spot markets or spot exchanges may be deemed as authorised markets.
Aayog feels expansion of the lowest base will enable more people to pay taxes.
A major mishap was averted on Wednesday when the wingtips of two aircraft -- one of them taxiing and the other on the verge of takeoff -- touched each other at the Mumbai's Chhatrapati Shivaji International Airport in Mumbai.
Chidambaram said that if the government is of the view that Karti has alleged undisclosed assets he would ask it to make a list in this regard and his son will voluntarily execute any document necessary to transfer such assets to it for a nominal consideration of Rs 1.
Kochhar has been issued a showcause notice by the regulator for alleged violation of the code of conduct.
India is in need of reinsurance capacity for many large risks.
Other forms of securities such as compulsorily convertible debentures (CCDs), optionally convertible debentures (OCDs) and some derivatives could remain out of the scope of the amendments
Taxation has played spoilsport despite double digit returns.
Sean F Foley, global leader of KPMG Transfer Pricing Services, who has also been an APA tax administrator for the American government agency, tells Business Standard companies are optimistic but cautious about the development.
Sodium is the most important parameter that people with hypertension should monitor.
The bank has been at the centre of the black money and tax evasion scandal.
The purchase or construction of houses by large numbers of people can add meaningfully to India's economic growth, points out Neelkanth Mishra.
An official of the aviation regulator DGCA had said that the pilots aborted the take off after they were informed about a 'barrier' on the runway
The list includes Gautam Adani's brother Vinod Adani among others.
Companies are looking to combine risk management with strategy.
The Union Budget 2016-17 has cheered the NBFC sector
Do keep the tax impact and exit load in mind before you take a decision to sell, says Vishal Dhawan.
This after most of the Opposition including the Congress, Left parties, the Trinamool Congress, the Samajwadi Party and the Nationalist Congress Party decided to boycott House proceedings in protest against the suspension of eight MPs for the remainder of the session for unruly behaviour.
By passing on the information to income tax department, the regulator wants to send a clear signal that manipulation could prove to be costly.
The central bank's tough new rules spell major changes in the competitive landscape for financial services audits.
The agency attributed the sharp revision to various high-frequency indicators showing a softness and partly blamed the same to reforms like GST, real estate regulation, and the bankruptcy code which are still a "drag" on the economy.
As many as 30 sub-groups and committees worked tirelessly to devise rules and laws as well as fix tax rates for over 1,200 goods and services.
'It is especially discouraging for young people in the development sector. I've noticed that many of them are actively considering other career options to escape this atmosphere.' Geetanjali Krishna reports.
This will boost availability of these items as well as make them cheaper, it said, adding that Modi also directed the revenue department to ensure seamless and quick custom clearance of such equipment.
India is working towards policies and regulations that would encourage non-cash payments.
Underscoring the need to boost the start-up ecosystem, the Reserve Bank on Tuesday said it will simplify rules and regulations which impede their growth and ensure that an entrepreneur does not have to run from "pillar to post" to start a business.
Real estate investment trusts may not be attractive enough.
Provisions of RERA, subsidy under PMAY and relaxation in PF withdrawal to buy a house will aid affordable housing, points out Harsh Roongta.
The government has received flak for allegedly shielding the corrupt ministers and slow pace of investigation in irrigation scam.
