Agricultural income claims of over Rs 1 crore under scrutiny, suspected route for unaccounted money
Textiles are among the main exports to the United Kingdom from India besides machinery, petroleum products, leather, gems and jewellery, among others.
A reading above 50 denotes expansion while one below means contraction.
The last three years have seen it all. US Fed rate hikes, huge volatility in commodity prices, huge G-10 currency volatility and now Brexit. Amid all this India has stood out tall.
Windfall for govt employees coupled with better crop in rural India is likely to revive consumption which had collapsed over the past couple of years.
In a separate notification, the CBDT also notified rules for calculating ‘fair market value’ of assets located in India in case of indirect transfer by multinational companies for the purpose of tax levy.
While the Congress said the hike was the worst in the last 70 years, the CPM said it was “disappointing.”
Reserve Bank asks lenders to provide access to all related records to the auditor.
The white paper said for a state that holds a negative cash balance, it is impossible to take on liabilities of worth over Rs 10,000 crore.
The third governing council meeting is also likely to take stock of the decisions taken in the first two meetings that happened last year.
While appreciating the resilience shown by Indian economy in the wake of Brexit, the World Bank chief said if uncertainty continues, India might also be affected.
The law will allow shops, malls and cinema halls, among other establishments to run 24×7 throughout the year.
Crude dipped after two days of strong gains which saw the commodity soar past the benchmark that makes financial sense for producers to restart production.
International Brent crude oil futures were trading at $50.10 per barrel at 0126 GMT, down 51 cents, or 1 per cent, from their last settlement.
Sources in the Finance Ministry said this has prompted Revenue Secretary Hasmukh Adhia to write to these lenders to cooperate with the ongoing investigation.
The law provides exemption to highly-skilled workers like those in IT and biotechnology from daily working hours (9 hours) and weekly working hours (48 hours).
The suggestions will be implemented from January 1, 2016. It will cost the government Rs 1.02 lakh crore annually.
Hollande said other European financial centres should be ready to take over from London, which is home to many banking clearing houses that deal with euros.
Patel also gave a break-up of the salary paid to the employees. According to which, state government employees were paid Rs 6,800 crore, employees of panchayats were paid Rs 7,300 crore and and Rs 8,800 crore were paid to pensioners in 2014-15.
In November 2015, the Seventh Central Pay Commission recommended changes in the pay of around 1 crore individuals — 33 lakh central government employees, 14 lakh armed forces personnel, and 52 lakh pensioners.
The Centre must enact a Right to Trade law to create a true national market for agricultural produce.
The India Post Payments Bank will be managed professionally and most of its Grade A employees will be hired from market.
Under the policy, the mining ministry will auction off 100 non-coal, non-fuel blocks to private explorers in the next nine months.
Wage hike with push to capital expenditure will help achieve 8% growth, Cabinet okays implementation of 7th Pay Commission.
The One Rank, One Pension is one of the peculiar recommendations made to the government which has not been given so far, he said.
Retailers and show owner have welcome the cabinet made law which allows malls, shops and cinema halls to run round-the-clock.
The Union government has announced a new Model Shops and Establishment Bill. Here are the highlights.
7th Pay Commission highlights: Minimum pay of Rs 18,000 has been recommended against the existing Rs 7,000 per month, and more.
On the boost to the economy, Ind-Ra estimated that the demand boost as a result of the revision in the salaries/pensions of the above mentioned employees will be at least four times the 7CPC’s award.
Experts said the higher pay out will boost consumption demand, especially for consumer durables and services. This domestic demand push would help India clock 7.9 per cent growth rate in the current fiscal.
The salary hike is effective from January 1. The Cabinet will, however, take a call on whether to pay the arrears in lump sum or installments.
The agency had filed a 20,000-page charge sheet against NSEL and 67 others in a Mumbai court in March last year, explaining NSEL funds were laundered and "illegally plouged into purchase private properties"
7th pay commission recommendations, if accepted as it is, it would mean a financial burden of Rs 1.02 lakh crore, about 0.7 per cent of the GDP.
Finance Minister Arun Jaitley congratulated government employees on a historic rise in their salary.
The pay panel had in November last year recommended 14.27 per cent hike in basic pay at junior levels, the lowest in 70 years.
The 7th Pay Commission report will be effective from January 1, and the Cabinet will decide if the arrears for the six months have to be paid in one go or in installments.