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Curbing black money: 8 SIT stringent recommendations that can put the govt in a fix

Sep 04, 2015 at 08:53 | Source: FirstPost

The issue of black money, which prime minister Narendra Modi had promised to resolve within 100 days of assuming power, is back to haunt the NDA government with the Supreme Court asking it to give its views on the steps recommended by the probe panel...

Shell keen to lease Mangalore strategic oil storage| Reuters

Sep 04, 2015 at 02:30 | Source: FirstPost

NEW DELHI Royal Dutch Shell(RDSa.L) is in talks to lease India's new strategic oil caverns at Mangalore on the country's southwest coast, two sources said, giving it increased storage in a market where oil demand is increasing.A decision on the Manga...

France offers new farm aid as 1,500 tractors hit Paris streets| Reuters

Sep 03, 2015 at 23:46 | Source: FirstPost

PARIS France offered its farmers additional financial help on Thursday including tax rebates and investment aid after they drove 1,500 tractors onto the streets of Paris to protest against falling incomes and rising costs.French farmers, struggling w...

RBI to consider deflation while deciding interest rates: Sinha

Sep 03, 2015 at 22:31 | Source: FirstPost

strong>New Delhi: The Reserve Bank will take into account the domestic and global deflationary trend and take appropriate action on interest rate, Minister of State for Finance Jayant Sinha said today."We have to be very mindful and watchful ...

Relief rally: Sensex ends 311 points higher after a three session crash

Sep 03, 2015 at 16:32 | Source: FirstPost

Bears for once took a backseat as key domestic share indices regained some of its lost ground after the recent slump, with investors resorting to short-covering in the recently beaten-down scrips helping the benchmark Sensex to edge past the 25,800-m...

Angry French farmers stage 1,000-strong tractor protest in Paris

Sep 03, 2015 at 13:53 | Source: FirstPost

Paris: More than 1,000 tractors and a few cows descended on Paris on Thursday in a boisterous protest by farmers who blocked highways to express their anger over falling prices for their goods and high taxes.They're facing increasingly slim margins...

Sensex soars nearly 300 pts on short-covering, US markets recovery

Sep 03, 2015 at 10:41 | Source: FirstPost

Domestic equities bounced back sharply in early Thursday trade, with benchmark Sensex edging past the 25,700-mark and soared nearly 300 points mainly aided by strong buoyancy in the overnight US markets.Recovery in broader market sentiment prompted i...

Confusing clarification: Govt's admission on deflationary threat raises more questions

Sep 03, 2015 at 10:16 | Source: FirstPost

Possibly, these are times when the common man on the street is highly puzzled with the widening divergence of high frequency statistical data put out by the government on the inflation,growth figures and the reality on the ground.The government owes ...

Swiss freeze millions amid investigations of Malaysian fund| Reuters

Sep 02, 2015 at 23:16 | Source: FirstPost

ZURICH Swiss authorities said on Wednesday they had frozen funds in Swiss banks amid investigations of Malaysia's troubled state investment fund, 1Malaysia Development Berhad (1MDB), on suspicion of corruption and money laundering. Both Swiss and Mal...

Last date for e-filing of I-T return extended to 7 Sep

Sep 02, 2015 at 21:37 | Source: FirstPost

New Delhi: The government today extended the last date for e-filing of Income Tax return by a week to 7 September.The government had received various representations that tax payers have faced difficulties in e-filing of returns across the country du...

Why GST may not be worth the heartburn; govt should hasten slowly on it

Sep 02, 2015 at 20:59 | Source: FirstPost

It is time for a mea culpa from me. Thus far, I have been a supporter though muted of the goods and services tax (GST), touted as the single biggest tax reform of this decade. I have now come to believe that we may have been sold a pup by corporate...

Reinvent, update, be sensible: A survival guide for trade unions

Sep 02, 2015 at 17:59 | Source: FirstPost

Mumbai: The nationwide strike called by trade unions on Wednesday across sectors has paralysed critical services, including normal banking operations.The strike has been called by the trade unions to press their 12 demands and despite assurance from ...

Missed 31 August returns filing deadline? Now face these consequences

Sep 02, 2015 at 13:57 | Source: FirstPost

In case you did not know, 31 August was the deadline to file your income tax returns for assessment year 2015-16. And if you knew about such a deadline only now,in all likelihood you havemissed the deadline. That means you need to know a few things.H...

On FII MAT, Jaitley had said India cannot be a tax haven: Here's why he made a U-turn

Sep 02, 2015 at 13:47 | Source: FirstPost

By accepting the recommendations of the AP Shah panel on the issue of retrospective tax demand on FIIs, the Narendra Modi government has added one more item to the long list of its U-turns. And at the face of it, this one definitely is a wise one, th...

Sensex jumps over 200 pts, snaps 2-day losing streak on MAT booster

Sep 02, 2015 at 11:11 | Source: FirstPost

Gaining optimism in early Wednesday trade, local shares reversed the two-day losing streak on the back of short-covering after the government accepted recommendation of a high level panel that minimum alternate tax (MAT) should not be imposed on over...

Renaming Aurangzeb Road after Kalam isn't right: Delhi was inspired by history not bigotry

Sep 02, 2015 at 07:45 | Source: FirstPost

When the British were planning Lutyen's Delhi, the last known descendants of Mughal dynasty were either resting in their graves or pulling rickshaws in the streets of Calcutta.After the failed mutiny of 1857 and the subsequent death of Bahadur Shah Z...

Booster dose for markets: Govt accepts AP Shah panel report, no retrospective MAT on FIIs

Sep 02, 2015 at 07:14 | Source: FirstPost

New Delhi: In a big relief to FIIs, the government today accepted recommendation of a high level panel that minimum alternate tax (MAT) should not be imposed on overseas portfolio investors retrospectively.Finance Minister Arun Jaitley said the panel...

Renaming Aurangzeb Road after Kalam isn't right: New Delhi was inspired by history not bigotry

Sep 01, 2015 at 22:54 | Source: FirstPost

When the British were planning Lutyen's Delhi, the last known descendants of Mughal dynasty were either resting in their graves or pulling rickshaws in the streets of Calcutta.After the failed mutiny of 1857 and the subsequent death of Bahadur Shah Z...

Govt accepts AP Shah panel report, says no retrospective MAT on FIIs

Sep 01, 2015 at 20:51 | Source: FirstPost

New Delhi: In a big relief to FIIs, the government today accepted recommendation of a high level panel that minimum alternate tax (MAT) should not be imposed on overseas portfolio investors retrospectively.Finance Minister Arun Jaitley said the panel...

Renaming Aurangzeb Road after APJ Abdul Kalam isn't right: New Delhi was inspired by history not bigotry

Sep 01, 2015 at 19:49 | Source: FirstPost

When the British were planning Lutyen's Delhi, the last known descendants of Mughal dynasty were either resting in their graves or pulling rickshaws in the streets of Calcutta.After the failed mutiny of 1857 and the subsequent death of Bahadur Shah Z...

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