ECONOMY & NATION


Moneylife Digital Team 13 May 2015
While the IIP is showing tepid growth, the actual tax collections are showing a huge jump reflecting stronger manufacturing. Which one would you rather believe?    The indirect tax revenue (provisional) collections in April 2015 increased 46.2% to Rs47,747 crore from Rs32,661 crore...

Read More



Nokia Networks in India will work as an independent unit and compete against Alcatel Lucent till the clear signal on integration is obtained from the headquarters   Finnish telecom broadband infrastructure software and services provider Nokia Networks will consider India as one of...

Read More



The rating agency attributed the current subdued growth conditions on weak domestic credit conditions, tepid domestic demand and uncertain global growth   The monsoon and global financial volatility will pose additional risk to India's growth this year besides weak domestic credit...

Read More



Moneylife Digital Team 13 May 2015
Except the President, Prime Minister, Chief Justice of India and departed leaders, photographs of other political leaders should not be used in government advertisements, the apex court ruled   In a landmark judgement, the Supreme Court on Wednesday prohibited use of photographs of...

Read More



The Central Board of Direct Taxes had notified new norms and the attendant forms that, among other issues, requires an assessee to furnish all bank details, accounts opened or closed in the year with the closing balance, as also the sources of funds for expenses in an overseas...

Read More



The company stopped selling MPV STILE that was being made in joint venture with Japanese Nissan Motor Company   Commercial vehicle maker Ashok Leyland Ltd has decided to stick to its core business and exit multi-purpose vehicle (MPV) segment, said a top company official here on...

Read More



The reverse e-auction for the gas-based plants stranded due to lack of feedstock was conducted under the newly-approved Scheme for Utilization of Stranded Gas Based Generation Capacity   The government on Tuesday announced the revival of 10 stranded gas-based power plants who bid...

Read More



In a statement, the company said the facility for Reliance Jio was the second round of financing from the Korean giant and the third overall for the group   Reliance Industries on Wednesday said its broadband arm has signed up for a $750-million loan, backed by Korea Trade Insurance...

Read More



Industrial activity in the country, measured in terms of the Index of Industrial Production (IIP), registered a 2.1 percent growth during March 2015 as compared to a 5 percent rise in the previous month.  

Read More



TruthInAdvertising.org 12 May 2015
Former distributor says a class-action settlement isn't going to help a majority of recruits who lost money   Eric Rodensky was working hard driving trucks for a company that distributes candy and groceries to convenience stores, but the long hours weren’t yielding enough pay to make...

Read More



This follows Finance Minister Arun Jaitley's Friday announcement of a high-level committee for looking into the issue of levy of MAT on FIIs   The Central Board of Direct Taxes (CBDT) on Monday said it will not issue any new demands for payments, and will take no coercive action to...

Read More



A city court on Monday granted bail to B. Ramalinga Raju and all other accused in multi-crore-rupee accounting fraud.   The metropolitan sessions court granted bail to Satyam Computers Services Limited (SCSL) founder Ramalinga Raju and his brother Rama Raju on a personal bond amount...

Read More



Imported RLNG will be made available at a reduced price under the scheme   E-auction for allocation of imported regasified liquefied natural gas (RLNG) under the power ministry's scheme for gas-based power plants is set to begin on Tuesday, the government...

Read More



Domestic passenger car sales grew by 18.14 percent in April and stood at 159,548 units from 135,054 units sold during the corresponding period of 2014, industry data showed on Monday.   According to the data furnished by Society of Indian Automobile Manufacturers (SIAM), the total...

Read More



Arbitrary and discretion-based policies bedevil the aviation sector   The Indian civil aviation industry continues to lurch from one controversy to another, without much respite. The main reason is that India believes in governance by discretion. Every rule, and policy, remains on...

Read More



Amulya Ganguli (IANS) 09 May 2015
In line with the Congress' time-honoured practice of launching various schemes to help the poor, the BJP, too, is initiating several social security measures   Nothing shows the weakness of the Narendra Modi government more than the fact that it gives the impression of having been...

Read More



The government on Friday set up a high-level committee on minimum alternate tax (MAT) on foreign institutional investors (FIIs), following the passing of the Finance Bill, 2015-16, in the Rajya Sabha on Thursday.   Replying to the debate on the bill, Finance Minister Arun Jaitley...

Read More



The first-of-its-kind study says that digitisation of TV signals was putting an end to free-to-air telecast regime   Digitisation is changing the way the poor access TV and terrestrial broadcasting reception has almost disappeared in rural and urban India, says a study which looks at...

Read More



Responding to a calling attention motion on the issue in the Rajya Sabha, Raju said that while there were people who got air tickets at high prices, there were also those who got them at lower prices   Civil Aviation Minister Ashok Gajapathi Raju on Thursday said a regulatory...

Read More



Bishnoi and Gabrani, after taking full payment from T-Series and Reliance Entertainment for making films have neither paid the production team nor deposited tax deducted at source, alleges film director Vikram Bhatt   A police complaint filed by well-known film director Vikram Bhatt...

Read More

Free Helpline
Legal Credit
Feedback