Relief to Tata Sons as NCLT rejects Mistry firms' contempt plea

Relief to Tata Sons as NCLT rejects Mistry firms' contempt plea

The bench, however, gave liberty to the Mistry family companies to file an affidavit within three days on the issue of Tata Sons holding EGM on February 6.

Relief to FPIs in India as tax liability circular put in abeyance
Relief to FPIs in India as tax liability circular put in abeyance

Foreign portfolio investors have pulled out as much as $11 billion from the Indian markets in the October-December quarter, with analysts blaming demonetisation for the outflow.

Govt projects: SteelMin for usage of only India-made products
Govt projects: SteelMin for usage of only India-made products

At a consultative committee meeting on Monday, he also said the ministry is exploring new avenues for usage of steel like steel bridges, containers, water tanks and crash barriers.

Budget demand: PowerMin seeks tax breaks for ongoing hydel projects
Budget demand: PowerMin seeks tax breaks for ongoing hydel projects

A proposal for deemed export status has also been sought for hydro projects.

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The GST Council, at its last meeting, has decided that the provision of arrest will be restricted to forgery and non- deposit of collected taxes with the exchequer within the stipulated timeframe.

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Vijay Mallya, who is in London since March 2, 2016, owes Kingfisher Airlines' 17-bank consortium over Rs 6,000 crore.

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The 30-share index rose 26.97 points, or 0.10 per cent, to 27,284.61, with sectoral indices led by oil & gas, consumer durables, capital goods, PSU and healthcare trading higher by up to 0.84 per cent.

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Addressing Raisina Dialogue, Johnson also talked about other areas of strategic importance like security and defence where the two countries were cooperating.

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The tribunal observed that there is “no contempt” by Tata Sons in the issue.

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The Cabinet Committee on Economic Affairs, headed by Prime Minister Narendra Modi gave approval for listing five state-owned General Insurance Companies.

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Even as for investments over $1 billion (or Rs 6,850 crore), the scheme will have a caveat.

Coverage of the credit guarantee scheme for loans being extended to micro and small enterprises by NBFCs has also been increased.

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The cyber security vertical of ReBIT would be responsible for running a security operations centre and would also look after responding to any incidents that may occur on systems of RBI or any of the financial institutions.

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Current indications are that the farm sector has emerged from the initial shocks of demonetisation.

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The story of a cane variety that has transformed the fortunes of Uttar Pradesh’s sugar industry

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On Monday, the Centre and the states managed to hammer out a broad consensus over the contentious issue of division of administrative control over tax assessees.

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The initial bid proposals submitted before January 16 deadline cover more than 200 routes and as many as 65 airports, 52 of them not served by any airline and 13 under-served airports.

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The RBI has faced flak after the government announced its decision to withdraw Rs 500 and Rs 1,000 notes on November 8, 2016 and the way the exercise was handled by the government and the central bank.

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Money paid by investors for shares in private Indian company is subjected to 33% tax if it is more than FMV as it is considered to be income from other sources in hands of company.