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Only 3.81% Indians pay Income Tax; Maharashtra, Delhi Pay 53%

May 03, 2016 at 09:52 | Source: FirstPost

By Devanik Saha, IndiaSpendOn 29 April 2016, Prime Minister Narendra Modi announcedfor the first time ever in Indiathe release of income-tax data, which follows economist Thomas Pikettys call for income-tax data transparency.The data revealed by Cent...

No free lunches: US tells Pakistan to make full payment for F-16 purchase

May 03, 2016 at 08:43 | Source: FirstPost

Washington: The Obama administration has asked Pakistan to "put forward" its "national funds" to buy the eight F-16 fighter jets as some top American Senators have put a hold on use of the US tax payers' money for this purpose.&qu...

Emotional return as first U.S. cruise in decades reaches Cuba| Reuters

May 03, 2016 at 00:32 | Source: FirstPost

HAVANA Hundreds of tourists and a handful of emotional Cuban-Americans arrived on the first U.S. cruise ship to sail to Havana in more than 50 years on Monday, spilling onto the cobbled streets of the old city where they were warmly greeted by reside...

Sri Lanka govt promises to probe 'each and every' national mentioned in 'Panama Papers'

May 02, 2016 at 17:21 | Source: FirstPost

Colombo:Sri Lanka has set up a special panel to probe its nationals named in the "Panama Papers", the finance minister said on Mondaywhile promising to investigate "each and every" Sri Lankan tax evader who may figure in the leake...

HDFC Ltd Q4 net profit jumps 31 per cent to Rs 3,460 crore

May 02, 2016 at 15:19 | Source: FirstPost

New Delhi: Housing finance major HDFC Ltd today reported a 30.76 per cent surge in consolidated net profit to Rs 3,460.46 crore for the quarter ended March 31. The company's net profit after taxes was Rs 2,646.35 crore in January-March quarter of 201...

Parliament LIVE: Rajya Sabha adjourned for third time in an hour over Oppn protests

May 02, 2016 at 12:26 | Source: FirstPost

The Parliament, in its second week of the Budget Session, is set for another controversial round of discussions on Monday. The BJP and Congress, in the past week, have clashed over the AgustaWestland chopper scam at Rajya Sabha.Mamata Banerjee's Trin...

Income tax evasion: We, the citizens, should be ashamed of fooling the state

May 02, 2016 at 11:16 | Source: FirstPost

The Government data on the income tax payments, released last week, throws light on one of the key problems India faces as it strives to build a social security net, public infrastructure and also to lift its citizens from the grip of povertypainfull...

Parliament Live: Cong MPs protest, storm Well of Rajya Sabha over AgustaWestland case

May 02, 2016 at 11:12 | Source: FirstPost

New Delhi:The parliament, in its second week of the Budget Session, is set for another controversial round of discussions on Monday. The BJP and Congress, in the past week, have clashed over the AgustaWestland chopper scam at Rajya Sabha.Mamata Baner...

What these figures effectively telling us is that the domestic tax evasion is an even bigger concern for India

May 02, 2016 at 10:58 | Source: FirstPost

The Government data on the income tax payments, released last week, throws light on one of the key problems India faces as it strives to build a social security net, public infrastructure and also to lift its citizens from the grip of povertypainfull...

What the income tax data show: We, the citizens, are the biggest black money holders and we should be ashamed of fooling the state

May 02, 2016 at 09:35 | Source: FirstPost

The Government data on the income tax payments, released last week, throws light on one of the key problems India faces as it strives to build a social security net, public infrastructure and also to lift its citizens from the grip of povertypainfull...

Panama papers leak: Sri Lanka to set up panel to investigate, Rajapakse first on list

May 02, 2016 at 08:08 | Source: FirstPost

Colombo: Cash-strapped Sri Lanka announced on Sundayit was setting up a special panel to chase after nationals likely to figure in the "Panama Papers," a trove of leaked documents on global tax evasion.The government, which came to power in...

India can save $50 bn in logistics costs, raise growth of exports, says study

May 01, 2016 at 16:22 | Source: FirstPost

New Delhi:India can save up to $50 billion by bringing down logistics costs to 9 percent from the current 14 percent of the country's GDP, according to a joint study by industry chamber Assocham and Resurgent India released on Sunday."India can ...

Led by former AG Shreehari Aney, activists hoist 'Vidarbha flag' in Nagpur

May 01, 2016 at 14:40 | Source: FirstPost

Nagpur: The supporters of a separate Vidarbha led by its strong protagonist, former Maharashtra Advocate General Shreehari Aney, on Friday hoisted a 'Vidarbha flag' here and said that they would intensify their movement for statehood for the region.A...

Maharashtra: Former AG Aney hoists 'Vidarbha flag' in Nagpur, to intensify statehood movement

May 01, 2016 at 14:35 | Source: FirstPost

Nagpur: The supporters of a separate Vidarbha led by its strong protagonist, former Maharashtra Advocate General Shreehari Aney, on Friday hoisted a 'Vidarbha flag' here and said that they would intensify their movement for statehood for the region.A...

Maharashtra day showdown: Former AG Shreehari Aney unfurls 'Vidarbha flag' amid protests by Shiv Sena

May 01, 2016 at 14:30 | Source: FirstPost

Nagpur: The supporters of a separate Vidarbha led by its strong protagonist, former Maharashtra Advocate General Shreehari Aney, on Friday hoisted a 'Vidarbha flag' here and said that they would intensify their movement for statehood for the region.A...

Indias ghost airports await their saviour; 25 new hubs and not a single flight takes off

May 01, 2016 at 09:19 | Source: FirstPost

New Delhi: India spent a total of Rs 600 crore on 25 airports across the country in just two years when these airports were technically operational but did not handle a single scheduled flight, according to information provided by Civil Aviation Mini...

Indias ghost airports: Rs 600 cr spent on 25 new hubs; no flights take off yet

May 01, 2016 at 09:19 | Source: FirstPost

New Delhi: India spent a total of Rs 600 crore on 25 airports across the country in just two years when these airports were technically operational but did not handle a single scheduled flight, according to information provided by Civil Aviation Mini...

Banks anywhere else would've settled with Mallya: But nowhere else would he get loans

Apr 30, 2016 at 14:37 | Source: FirstPost

In some ways, Vijay Mallya, Chairman of the UB group of companies, may be right. He does rightly point out in a recent interview toFinancial Timesthat the speed with which his passportwas revoked is unprecedented in Indias history.He is right in stat...

Banks anywhere else would've settled with Vijay Mallya: But nowhere else would he get loans

Apr 30, 2016 at 11:52 | Source: FirstPost

In some ways, Vijay Mallya, Chairman of the UB group of companies, may be right. He does rightly point out in a recent interview toFinancial Timesthat the speed with which his passportwas revoked is unprecedented in Indias history.He is right in stat...

Indias ghost airports: Rs 600 cr spent on 25 new hubs, but no flights have taken off

Apr 30, 2016 at 10:25 | Source: FirstPost

New Delhi: India spent a total of Rs 600 crore on 25 airports across the country in just two years when these airports were technically operational but did not handle a single scheduled flight, according to information provided by Civil Aviation Mini...

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