Finance minister Arun Jaitley also issued a statement saying, “I have read the paragraph in Niti Aayog report entitled ‘Income tax on agriculture income’. "
Moreover, the regulator advised the companies “to explore the options of price revision” as per provisions of Drug Prices Control Order, 2013 (DPCO, 2013) before “exercising an exit route".
“It is not mandatory at all, it is up to the fund houses to provide this option,” said Sebi chairman Ajay Tyagi.
“We had sought additional information on the issue and we have received the information only three days ago. So now we will decide on it soon in the next few days," said Tyagi.
Apart from this, Sebi has also increased the frequency of submission of monitoring agency report from half-early to quarterly.
While Sensex rose 190 points or 0.6 per cent to close at 30,133.35, the broader Nifty at the National Stock Exchange gained 45 points or 0.49 per cent to close at a high of 9,351.85.
The draft report has taken strong view of the “unscientific” use of the commercial space at IGIA and sought a review of the performance of DIAL looking after it before granting it any further extension.
Achievements under the government’s initiatives against black money, Operation Clean Money and the recently concluded PMGKY, will be discussed in the meeting, officials said.
PM Modi, who chaired his eighteenth interaction through PRAGATI, reviewed the progress towards handling and resolution of grievances related to Railways.
The company, however, sees no impact on its business from US President Donald Trump’s recent executive order to review H-1B visa norms for tech workers.
Regulator to also take up proposal to integrate brokers in equity, commodity derivatives market.
While the Nifty jumped 88 points or 0.96 per cent to close at an all time high of 9,306.6, the Sensex rose 287 points or 0.97 per cent to close at 29,943.2 on Tuesday.
Overall, the trust will be raising around Rs 5,035 crore as part of this first public offering which includes fresh issue of Rs 4,300 crore, offer for sale and over subscription.
He further said that small and medium enterprises, a segment of the economy that by its nature is much more flexible could innovate much faster if given an opportunity.
Addressing the GST Conclave organised by the Ministry of Finance, Adhia reiterated the July 1 deadline for GST rollout, asking industry to not remain complacent and complete their preparatory work in time.
“The answer to increasing the tax base on the corporate side is the elimination of exemptions, which has already been announced. In fact, the reduction in the corporate tax rate is linked to the elimination,” Debroy said.
“As many have pointed out, it is not clear that we need so many public sector banks. The system could be better off if they are consolidated into fewer but healthier banks,” Patel said.
Reports highest ever annual profit of `29,901 cr; refining margin at 8-yr high
Presently, there is no mandatory deposit by a defaulter while contesting the charges in any trial court or raising an appeal before the appellate court.
The rupee gained 17 paise or 0.26 per cent against the dollar to close at 64.44.
“In FY16 and FY17 too, the number of visas granted to Indian IT firms was below 20 per cent of the total,” Nasscom president R Chandrasekhar said
Last year Infosys Ltd is reported to have automated as many as 9,000 jobs
To get a clearer picture of reforms and their implementation, the Centre has decided to include the views of the businesses
Startups covered under SIPP will not be required to obtain certificate of an eligible business from the Inter-Ministerial Board of Certification
In 2016, the government decided to provide tax benefit on 40 per cent of withdrawal amount at the maturity of any NPS scheme.
Central and state expenditure expected to rise by `92 lakh cr to `130 lakh cr
The MPs had expressed apprehension that some people could use the portal for making quick money thus causing loss of crores to the exchequer.
Amlin, one of the 97 syndicates of Lloyd’s launched its operations in India on April 1.
The pharmaceutical industry told the central government that such agreement “comprises of commercial information not directly relevant to decision of price fixation of a new drug”.
Expected after FM returns from his visit to the US and Russia later next week
Petrol and diesel, however, are only sold at retail outlets and though diesel could be collected in jerry cans from retail outlets for powering generator sets for irrigation purposes, petrol in practice is not given in containers.
Shares of HDFC Bank rose by over 2 per cent, adding Rs 8,918 crore to its market valuation on Friday.
The case pertains to Roy and two directors of Sahara Group firms for alleged violations of Sebi rules.
India had blacklisted or in other terms specified Cyprus as a notified jurisdictional area in 2013 for not sharing tax information.
The appeal filed on Friday is against the March 6 NCLT order dismissing Mistry’s petition on the ground of maintainability.
The Taxation and Investment Regime for PMGKY had commenced on December 17, 2016 and was open for declarations up to March 31, 2017.