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Relief for SpiceJet staffers as Ajay Singh says no big cut in manpower

Feb 25, 2015 at 16:20 | Source: FirstPost

New Delhi: Employees of SpiceJet have some reason to cheer. After some uncertain months, relief is in sight as new promoter Ajay Singh told CNBC-TV18 today that there will be no large scale manpower reduction at the airline for now. Singh said his ta...

Finance Commission anti-climax: Finmin just watered down co-operative federalism

Feb 25, 2015 at 15:57 | Source: FirstPost

Uh-oh. It looks like acceptance by the government of the report of the Fourteenth Finance Commission is not as unqualified as it is being made out to be.Though the Finance Commission report is being hailed as landmark and path-breaking for doing away...

Message to Lutyens power elite from Finance Commission: Pack up and go

Feb 25, 2015 at 15:27 | Source: FirstPost

If the Lutyens power elite of Delhi has still not got the message, maybe they should read the summary of the Fourteenth Finance Commission's report released yesterday (24 February). The takeout from the commission is simple: economic power is shiftin...

Budget 2015: Given the good they do nation, infrastructure bonds should be open to all

Feb 25, 2015 at 13:36 | Source: FirstPost

The Section 54EC of the Income-tax Act, 1961, offers an exclusive tax shelter for long-term capital gains investment in Rural Electrification Corporation (REC) or National Highway Authority of India (NHAI) bonds thatallowsexemption from tax on long-...

Finance Commission report: Modi's federalism gets boost with bonanza for states

Feb 25, 2015 at 12:25 | Source: FirstPost

The report of the Fourteenth Finance Commission, tabled in Parliament today, is the first major test of the sincerity of Prime Minister Narendra Modis frequent statements about promoting true federalism and making states equal partners in national de...

Budget 2015: Check out the Finance Commission's tips to fix fiscal deficit

Feb 25, 2015 at 10:50 | Source: FirstPost

With the Fourteenth Finance Commission report being tabled three days before the budget, it was inevitable that Finance Minister Arun Jaitley would be asked, at his press conference on the subject, how the report (which recommended 42 percent tax dev...

Australia plans fees for foreign property investors

Feb 25, 2015 at 10:02 | Source: BBC

Foreign investors may have to pay large fees before buying Australian residential real estate or businesses, the government has announced. PM Tony Abbott said the government was proposing a range of civil penalties and fees linked to foreign investme...

Can Malaysia's opposition survive without Anwar Ibrahim?

Feb 25, 2015 at 10:02 | Source: BBC

The decision last week by a Malaysian court to jail Anwar Ibrahim has left his opposition alliance in a precarious place. Mr Anwar is now serving a five-year term for sodomy, in a case seen by many as politically motivated. The sentence keeps the cha...

High Australian real estate prices lead to bubble fears

Feb 25, 2015 at 10:02 | Source: BBC

Real estate has long been an Australian obsession and sharp spikes in house prices across Australia's major cities in recent years have fuelled the passion for property. But it is not easy working out who or what is to blame. Fluctuating prices,...

Australia to restrict foreign farmland investment

Feb 25, 2015 at 10:02 | Source: BBC

Australia is to make it harder for farmland to be sold to foreigners because of worries that it is losing control of food security, PM Tony Abbott has announced. From the beginning of next month foreign buyers of agricultural land over A$15m ($11.67m...

Amit Shah praises Modi govt for accepting Finance Commission's recommendations

Feb 25, 2015 at 09:27 | Source: FirstPost

New Delhi: BJP presdient Amit Shah on Wednesday congratulated the Prime Minister Narendra Modi-led NDA government for accepting the recommendations of the 14th Finance Commission which will provide more share of Central taxes to states and make them ...

Finance Commission: Modis federalism gets leg up as states get a tax-share bonanza

Feb 25, 2015 at 07:45 | Source: FirstPost

The report of the Fourteenth Finance Commission, tabled in Parliament today, is the first major test of the sincerity of Prime Minister Narendra Modis frequent statements about promoting true federalism and making states equal partners in national de...

HSBC bosses to answer MPs' questions

Feb 25, 2015 at 07:27 | Source: BBC

The chairman and chief executive of HSBC will appear before a panel of MPs today to answer questions about a tax scandal at the banking giant. Chairman Douglas Flint and chief executive Stuart Gulliver will appear before MPs on the Treasury Committee...

Tax is just one of HSBC’s problems

Feb 25, 2015 at 07:27 | Source: BBC

In all the coverage of HSBC's Swiss private banking arm and Stuart Gulliver's banking arrangements (channelled through Switzerland and Panama), it is easy to miss the fact that HSBC has more broadly had a torrid year. Its return on equity (...

Strong dollar hurts HP's earnings forecast, shares plummet

Feb 25, 2015 at 04:45 | Source: FirstPost

(Reuters) - Hewlett-Packard Co (HPQ.N) reported flat or lower quarterly revenue in all its operating units on Tuesday, and forecast full-year earnings well below analysts' expectations due to the strong U.S. dollar.Its shares tumbled 6.6 percent in a...

Budget 2015: Eliminate entertainment tax as it hurts broadcasting sector

Feb 24, 2015 at 21:11 | Source: FirstPost

Jehil ThakkarAmid the slow growth of the economy, the Media and Entertainment (M&E) sector has shown resilience. The film sector has hit a new high with PKs collections crossing $100 million at the box office worldwide.Despite the perceived satur...

Greece debt crisis: Eurozone backs reform plans

Feb 24, 2015 at 20:47 | Source: BBC

Eurozone finance ministers have approved reform proposals submitted by Greece in order to gain an extension of its bailout, officials say. The Eurogroup said it had agreed to proceed with national procedures - parliamentary votes in several states to...

Syriza dumps Marx for Blair

Feb 24, 2015 at 20:47 | Source: BBC

In the short course of the latest Greek financial crisis, Syriza appears to have transformed itself from what in the UK would be seen as traditional leftists into Blairites. In the reforms proposed by the Greek finance minister Yanis Varoufakis to se...

Greek compromise: How Syriza has had to change its plans

Feb 24, 2015 at 20:47 | Source: BBC

Syriza, the left-wing party that stormed to power in Greece in January, promised voters it would ditch austerity and renegotiate the country's €240bn (£180bn; $270bn) bailout with the European Union and International Monetary Fund. But with t...

Key points: Greece economic pledges to Europe

Feb 24, 2015 at 20:47 | Source: BBC

The Greek government has produced a list of reforms to try to satisfy the demands of creditors in Europe while maintaining its pre-election pledges. Here are some of the main points from the list - contained in a letter from the Greek government to i...

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