In the 2018-19 Budget, the government has hiked the direct tax, which includes personal income tax and corporate tax, collection target to Rs 10.05 lakh crore, from Rs 9.80 lakh crore budgeted initially.
According to the global financial services major, the inflation trajectory will hold the key towards determining when the central bank will likely hike interest rates.
The move, which would not just help attract foreign investment but also bring in efficiency and promote competition, follows government's decision of opening up the coal sector to commercial mining by private entities.
Leading TV manufacturers like Sony, LG, Panasonic and Samsung are set to increase prices of their LED/OLED sets by up to 7 per cent to offset impact of increase in customs duty.
Under the CARs of 2009, the notice period was increased to six months from the earlier three months, which is the international practice, the pilots associations have said.
To partly raise money for viability gap funding requirement under the UDAN (Ude Desh ka Aam Naagrik) scheme, the civil aviation ministry has been collecting the levy since December 2016.
A total of 213 projects of railways are facing delays due to various reasons, leading to cost overrun of Rs 1.73 lakh crore, the report of the Statistics and Programme Implementation ministry for October 2017 mentioned.
Commerce and Industry Minister Suresh Prabhu said the Andhra Pradesh government has decided to work on his suggestion on making a big auto hub on the east coast.
The plant spread will have a capacity to produce 3 lakh car annually and employ around 3,000 when fully operational.
To reduce its rate of underemployment and unemployment, India will need to create 10 million jobs per annum till annum. A research by Motilal Oswal said that this roughly translates to 0.83 or 8,30,000 jobs every month for the next 12 years.
Congress MP Shashi Tharoor today said the "botched" implementation of the Goods and Services Tax has created a "Frankenstein monster" in the bureaucracy where every small firm has to fill in several forms. "We had one nation, one tax model. We did not have any idea that BJP will come with six different rates," he told reporters here.
Watch accompanying video of Sushil Kumar Modi, the Deputy Chief Minister of Bihar addressing the media on ironing out the glitches for goods and services tax (GST) returns filing.
In an interview with CNBC-TV18, Bryan Marsal, Co-Founder of Alvarez & Marsal and Bahram Vakil, Co-Founder of AZB & Partners gave an objective perspective of the Indian bankruptcy process and advised on how we can improve it.
The National Company Law Tribunal (NCLT) has allowed the Corporate Affairs Ministry (MCA) to freeze assets of 64 respondents in the Nirav Modi case.
In an interview with CNBC-TV18, Vishesh Chandiok, National Managing Partner of Grant Thornton India and Jayant Gokhale, Former Central Council Member at ICAI discussed the implications of what the SC had said and what are the issues that we now need to look at.
State's agricultural department told these companies to deposit the compensation, given to farmers as part of the 2017 kharif scheme.
These include arranging workshops and seminars on the GST Act and GST network after identifying needy dealers with the help of CAIT members, he said.
In January 2017, the Indian firms had invested USD 2.83 billion in their overseas joint-ventures/wholly owned firms.
In future, Regional Transport Offices (RTOs) will have to issue driving licenses within a stipulated time after a person passes a computerised driving test, Union transport minister Nitin Gadkari said.
As announced in the Monetary Policy Statement OF February 7, 2018, the Reserve Bank of India (RBI) today launched the Ombudsman Scheme for non-banking financial companies (NBFCs) via a notification dated February 23, 2018 for redressal of complaints against NBFCS registered with RBI under section 45-IA of the RBI Act, 1934. The scheme will provide a cost-free and expeditious complaint redressal mechanism relating to deficiency in the services by NBFCS covered under the scheme. The offices of the NBFC Ombudsmen will function at four metro centres - Chennai, Kolkata, Mumbai and New Delhi and will handle complaints of customers in the respective zones.
Mumbai Congress chief Sanjay Nirupam said that against a claim by chief minister Devendra Fadnavis of 30 lakh jobs being generated due to the event, just 42,000 jobs were created in the last two years.
While the pipeline will traverse Afghanistan, raising security concerns, the bulk of the 33 billion cubic metres of gas to be pumped annually through the conduit will be purchased by South Asian rivals Pakistan and India.
After talks with Saudi Arabia's Energy Minister, Dharmendra Pradhan said the oil kingpin is also interested in partnering in second phase of strategic oil reserves India plans to build shortly.
In a statement at a joint press event after his extensive talks with visiting leader, Modi also asserted that there cannot be any space for those who misuse religion for political motives and promote separatism.
India taxes its citizens up to 30 percent (plus surcharges and cess) on their income, however, there are countries and territories in the world where you won't need to part with your hard-earned money. Here's a list of ten such places