The Nordic country is currently collating database of 2,000 unemployed people who are paid tax-free €560 each a month under a two-year universal basic income experiment started in January.
While July 1 roll-out date has been confirmed by the govt, India Inc’s concerns remain unresolved on issues such as e-way bill
While there are no DCGI norms for the drug’s usage, experts suggest ‘proper aseptic technique’ and precision instruments should be a priority
‘Such waiver would prove counter-productive for the RBI’s measures to clean up bank balance sheets’
Over 60% of total notified area of 44,177.69 hectares lies vacant; 224 SEZs designated as ‘non-operational’ while another 109 have been approved for cancellation
In extreme cases, the PCA framework provides the RBI with powers to force mergers or even wind up the non-compliant banks.
The Goods and Services Tax Network has placed the draft RFP for public feedback to hire a Managed Service Provider for developing backend
The finance ministry has set some conditions before public sector lenders with not-so-strong finances, like reducing NPAs, and shutting down not-profitable branches for capital infusion
Analysts have also raised concerns about the multi-tier tax structure for both goods and services under GST that is expected to add to complexities.
Most of these people (Adani, Nestle, Patanjali etc), who are in organised retail sector, have international brand value for which quality is very important. So, they adopt all international practices of quality control.
Panagariya said that while the process of undertaking such an asset sale programme is underway, the government might not initially look at lucrative sectors due to the complexities involved.
Given the slow pace of currency printing and indications from govt sources, it is unlikely that there will be full replacement of banned notes
There was a sharp jump in March, likely due to last-minute tax collections and payment rush towards various income tax-saving instruments.
The ministry also suggests rationalisation of ‘cost of connection’ for rural households, 100% metering at all levels to ‘facilitate energy audit’ and rationalisation of tariffs
While the govt says “we welcome investment from Qatar or from any one else”, local airlines say that permitting 100% FDI in domestic market does not bring in much capital investments as most planes in the sector are leased and departure & landing slots are assets
‘Steps such as making bioequivalence studies mandatory for certain classes of generic drugs manufactured in India, stent price control are welcome moves’
Merchant bankers, in a meeting with the government, raised concerns over issues such as reports of company workers’ deaths in coal mines, engagement of children in mining operations and green house emissions
Despite adoption of various methods to improve the quality of services delivered, lack of mechanism for evaluating the improvement in services has proved to be a key hurdle for development of online governance
The Centre has reiterated that rates will be closer to existing tax incidence, but industry says early knowledge of structure will help it undertake pricing of products commensurate with new taxation system
In an interview with The Indian Express, Khara spoke about the nitty-gritties of the largest banking merger in India so far.
Centre’s move to bring in 40 amendments as part of the Finance Bill, like quoting Aadhaar to file ITR and removal of cap for firms for contributions to political parties, among others, has come under Opposition fire.
The income tax dept detects Rs 14,697 crore this fiscal till February, against `9,521 crore in the year-ago period; Kochi registers the highest rise in detection.
Challenges may continue in short to medium term due to USFDA action, likely imposition of Border Adjustment Tax & delay in drug approvals, say experts
The defence budget for FY18 has come down to 1.56% of gross domestic product at `2,74,114.12 crore, compared with 1.65% in the current FY17, perhaps the lowest since India lost the border war to China in 1962
Recast packages of 53 borrowers in the infrastructure and the iron and steel sectors appear to be in trouble.
Idea of pushing private asset restructuring companies is gaining traction even as concerted efforts by the RBI and the Centre to resolve the bad loans issue in the past have shown no tangible signs of improvement
India's foreign secretary S Jaishankar would visit the US on Tuesday and could discuss India's concerns about the possible clampdown on H1B visa programme
Apprehensions regarding the abuse of information by the assessees appear to be the main reason behind the tax department's move to seek changes to the Income Tax Act
On January 27, the cheapest ticket from Srinagar to Mumbai was going for Rs 73,647.
“The estimated percentage of NSQ drugs from government sources in India was 10.02 per cent and for spurious drugs was 0.059 per cent.
Revenue secretary, while appearing before a Parliamentary panel, has clarified the government’s stand on the fresh provisions introduced in the Budget.
A government-appointed panel has said that a large section of urban workers lose access to social benefits due to intra-state and inter-state migration.
The Union Budget 2017-18 has yet again emphasised the importance of housing, and has accorded infrastructure status to this sector.
The role of the management holds the key in ensuring a safe work environment, but figures show that the responsibility for at least 63% of the documented accidents in coal mines over the last 3 years goes to the management and the supervisory staff.
Economists say that there was a decline in consumption in Nov and Dec as people were uncertain about spending after government announced to withdraw the legal tender character of old Rs 500 and Rs 1,000 notes.
In an interview with The Indian Express, Chakrabarty spoke about the need for segment-wise disclosure of write-offs and top 100 borrowers and mismanagement in tackling bad loans.
Wizards, Witches and Quidditch: Harry Potter turns 20