The industry players also want the government to provide a road map towards bringing down corporate income tax down to 25 percent.
24 Jan 2017, 12.04 pm | Source: PTI
While the main demand will be for jewellery, bar and coin investment is expected to be 250-300 tonnes by 2020. Jewellery exports are estimated to touch the USD 40 billion mark, from the current USD 8.6 billion.
24 Jan 2017, 11.28 am | Source: PTI
Focus in 2017-18 may move to strategic sale of significant government equity in loss making units; NITI Aayog preparing list of unlisted state-owned companies that may qualify for strategic sale
24 Jan 2017, 11.17 am | Source: Moneycontrol.com
Somasundaram PR, managing director of the WGC's Indian operations, said on Tuesday Prime Minister Narendra Modi's move to scrap 500 and 1,000 rupee banknotes - a 'demonetisation' crackdown on corruption and tax evasion - will boos...
24 Jan 2017, 11.16 am | Source: Reuters
The extent of the cut in MAT’s rate will depend on the reduction in headline corporate income tax rate that the finance minister is expected to announce in the budget
24 Jan 2017, 11.13 am | Source: Moneycontrol.com
The import alert falls in the category of 66-41 which relates to marketing or promotion of unapproved products. In this case, Ajanta was found marketing its erectile dysfunction drug Kamarga in United States without proper approva...
24 Jan 2017, 11.00 am | Source: Moneycontrol.com
"With this, India will skip two generations of financial technologies and build something as monumental as China's Great Wall and America's interstate highways," Wadhwa said in his op-ed titled 'What the US can learn from India's ...
24 Jan 2017, 10.30 am | Source: PTI
"The main risk to the outlook pertains to failure of capital budget implementation to improve," the IMF said, noting that Nepal's economy is rebounding after a slowdown caused by the 2015 earthquakes and trade disruptions, support...
24 Jan 2017, 10.30 am | Source: PTI
Department of Telecom has identified about 580 Mhz of spectrum across 700, 1800, 2100, 2300 Mhz and 5G airwaves that will be auctioned in 2017
24 Jan 2017, 10.23 am | Source: Moneycontrol.com
Equalisation levy of 6 percent, introduced in 2016-17, may be widened to account for downloading of songs, books and other online consumption such as news and the movies; rate likely to be kept unchanged
24 Jan 2017, 10.11 am | Source: Moneycontrol.com
All India Gems and Jewellery Trade Federation (GJF), the apex body for domestic gems and jewellery industry, has recomended the Finance Minister to increase the mandatory PAN card limit to Rs 5 lakh and above.
24 Jan 2017, 9.38 am | Source: PTI
AIFs are a class of pooled-in vehicles for investing in real estate, private equity and hedge funds and 268 such funds are registered with the Securities and Exchange Board of India (Sebi) since 2012.
24 Jan 2017, 8.40 am | Source: PTI
"Cities in the past were built on riverbanks. They are now built along highways. But in the future, they will be built based on availability of optical fibre networks and next-generation infrastructure.
24 Jan 2017, 8.40 am | Source: PTI
Speaking to CNN-News18 exclusively, Jaitley said if demonetisation is the single most important issue then BJP will sweep through the elections.
24 Jan 2017, 8.31 am | Source: CNBC-TV18
A team at the Niti Ayog is trying to get access to transaction networks of all banks to analyse the data and look for deposits and withdrawals which were aimed at laundering black money.
24 Jan 2017, 8.30 am | Source: Moneycontrol.com
Petroleum Minister Dharmendra Pradhan today said RBI may consider extending deadline for reduced Merchant Discount Rate (MDR) charges at petrol pumps beyond March 31 to promote digital transaction.
23 Jan 2017, 9.58 pm | Source: PTI
The government had anticipated 15-20 percent of black money will be destroyed via its demonetisation move, which actually has not happened, believes the former governor of Reserve Bank D Subbarao.
23 Jan 2017, 9.20 pm | Source: CNBC-TV18
The government is expected to announce steps like cut in the gold import duty and incentives to set up gems and jewellery parks in the next Budget to promote growth of the industry.
23 Jan 2017, 8.24 pm | Source: PTI
Of the total Rs 55,000 crore alotted to the railways this Budget, Rs 15,000 crore will be kept aside for the safety fund. The fund will be used to renew tracks and bridges, for manpower training and for track inspections.
23 Jan 2017, 6.46 pm | Source: CNBC-TV18
While the company has been existent in India for the past 87 years as a services company, it can now formally write business from their India office.
23 Jan 2017, 3.51 pm | Source: Moneycontrol.com
"There is a proposal from the Labour Ministry to levy a cess of 10 paisa per railway ticket to cover 20,000 railway coolies under the ambit of social security net through the Employees Provident Fund Organisation (EPFO)," a source...
23 Jan 2017, 3.34 pm | Source: PTI
According to researchers at the University of Edinburgh in the UK, there is no systematic treatment of sewage in rural India.
23 Jan 2017, 3.22 pm | Source: PTI
Weeks before the Budget is announced, reports start appearing in the media on possible policy changes that are likely to be announced in the document. This year is no exception.
23 Jan 2017, 3.11 pm | Source: Moneycontrol.com
An SBI internal research report, Ecowrap, has pegged in a "fiscal deficit target of Rs 5.75 lakh crores for the financial year 2017-18, at 3.4 percent of GDP." Fiscal deficit for the financial year 2016-17 is Budgeted at 3.5 perce...
23 Jan 2017, 2.48 pm | Source: PTI
Prime Minister Narendra Modi in his year-end speech had made several announcements in support of the rural economy, including cheaper housing loans for low cost housing, interest rebates for farmers, and credit limit hikes and tax...
23 Jan 2017, 2.32 pm | Source: PTI
While the Ratan Watal committee on digital payments suggested that the government makes regulation of payments independent from the function of central banking, sources said the RBI is not very keen on giving up the regulation on ...
23 Jan 2017, 1.46 pm | Source: PTI
The measures may include continuing with a scheme to give concessional loans to farmers, incentives for states to computerize primary agricultural credit societies (PACSs) and higher allocations to the National Bank for Agricultur...
23 Jan 2017, 1.32 pm | Source: NEWS18.com
According to SBI's research report Ecowrap, the upcoming Budget is likely to see an increase in personal income tax exemption limit, increase in section 80C exemption limit, interest exemption on housing loan and and at least redu...
23 Jan 2017, 1.22 pm | Source: PTI
"There will be more attention on irrigation and agriculture. We are working out the numbers. We will have to address the problems in the rural economy which has borne the brunt of two consecutive droughts," a senior official told ...
23 Jan 2017, 1.16 pm | Source: NEWS18.com
The review may lead to redefining “long term” for gains capital gains in stocks to be defined as such, even as tax rates are left unchanged. The holding period is likely to be increased.
23 Jan 2017, 12.26 pm | Source: NEWS18.com