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Took VRS as govt’s reform agenda ‘was slipping away after general elections’: Subhash Garg

November 1, 2020 12:50:00 am

Ex-Finance Secretary Subhash Chandra Garg says relationship with Finance Minister Nirmala Sitharaman became ‘unproductive’.

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I-T, GST returns deadline extended again

October 25, 2020 1:17:16 am

The government had last month extended the last date for filing GST annual return and audit report for the 2018-19 fiscal by a month till October 31.

Ex-NCLAT chairperson joins Liberty House parent group advisory board

October 24, 2020 7:18:58 am

Retired Supreme Court judge Justice S J Mukhopadhaya has been appointed to a 17-member global advisory board of the Gupta Family Group (GFG) alliance.

Curbs on coercive, intrusive powers of tax officers for recovery

October 17, 2020 1:15:27 am

The new order now allows coercive/intrusive measures only after exhaustion of other means of recovery and restrict recovery surveys to the non-responsive/non-traceable taxpayers.

India may close its dirtiest coal plants as green focus grows

October 7, 2020 11:51:57 am

The plan under consideration by the power ministry would cap plants’ so-called heat rate, which is a measure of how much coal energy is needed to produce each unit of electricity, according to people with knowledge of the issue.

I-T dept extends FY19 ITR filing deadline till Nov 30

September 30, 2020 6:13:18 pm

In March, the due date was extended from March 31 to June 30. Later in June, it was again extended by a month till July 31. In July, it was extended till September 30.

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Pre-filled GST return form soon: GST Network CEO

September 21, 2020 5:24:51 pm

GSTN, which handles the IT backbone for Goods and Services Tax (GST) has already started providing tax liability data based on sales return GSTR-1 of the taxpayer to be used in his tax payment form GSTR-3B in pdf form.

Mining tycoon Anil Agarwal and Centricus Asset Management team up for turnaround fund

September 18, 2020 2:35:57 pm

They have started approaching potential investors for the proposed India Direct Investment fund, which will buy stakes in government companies being sold as part of the country’s 2.1 trillion-rupee ($29 billion) divestment program

Over 1,600 Indian companies received USD 1 billion FDI from China during Apr 2016-Mar 2020: Govt data

September 15, 2020 6:23:41 pm

These companies were in 46 sectors. Out of them, the automobile industry, printing of books (including litho printing industry), electronics, services and electrical equipment received more than USD 100 million FDI each from China during the said period.

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8.15% interest rate on PF to be paid now, rest linked to equity returns

September 11, 2020 5:57:53 pm

Employees’ Provident Fund Organisation (EPFO) interest rate: The EPFO invests 85% of its annual accruals in the debt market and 15% in equities through ETFs.

‘NDHM has potential for unlocking creativity, getting pvt sector initiatives; have privacy by design, data is secure’: Dr Indu Bhushan

August 23, 2020 12:30:44 am

In an interview to The Sunday Express, Bhushan discusses the benefits of the NDHM scheme, its pilot in six Union Territories, privacy concerns and how the private sector is expected to participate.

Auto to aviation, employee costs take the biggest hit

August 7, 2020 12:57:29 pm

InterGlobe Aviation, the parent company of IndiGo, reduced its employee costs by 14.8% during the quarter, compared with the same period last year, while net revenues from operations fell 92% year-on-year during the quarter.

The new king of kids TV gets 7 billion views a month on YouTube

The new king of kids TV gets 7 billion views a month on YouTube

August 1, 2020 2:44:45 pm

Moonbug will now operate the largest network of kids channels on YouTube, encompassing 235 million subscribers and generating more than 7 billion views a month.

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India looking to store oil in US reserves; signs MoU for coop in strategic petroleum reserves

July 17, 2020 10:35:14 pm

The US has 714 million barrels of oil storage capacity in its strategic petroleum reserve (SPR), the world's largest supply of emergency crude oil.

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Covid-19 crisis: 6 pragmatic money tips if you have lost your job recently

July 3, 2020 9:03:14 pm

If your income has seen a decrease during the ongoing phase, you need calm nerves to take stock of your finances and make some critical readjustments if required. I’ve discussed a few tips which you’re likely to find very useful if you’ve lost your job in the last few months.

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Irdai asks insurers to offer corona standard policy by July 10

June 28, 2020 1:08:33 am

The premium under both the products shall be pan India basis and no geographic location or zone-based pricing will be allowed. Rashmi Nandargi, head, Retail Health Underwriting at Bajaj Allianz General Insurance, said these standard policies specific to Covid-19 were a welcome move considering the current situation where people are worried about the Covid-19 treatment costs.

Now, Indian exporters complain shipments stuck at China ports

Now, Indian exporters complain shipments stuck at China ports

June 27, 2020 1:06:01 pm

In a recent note to the Ministry of Commerce and Industry, the Federation of Indian Export Organisations (FIEO) has said that Hong Kong and Chinese Customs were holding back export consignments from India over the last few days.

‘Limited policy support hampering research, innovation in clean energy’

June 26, 2020 12:49:56 am

Apart from lack of policy support, the is also very difficult for start-ups and SMEs in the clean energy tech space to find and retain trained and dedicated staff over longer periods of times, the report said.

Yes Bank used Rs 200 crore loan for HDIL to pay off its own debt: ED

CBI files chargesheet against Yes Bank founder for receiving Rs-600 Cr ‘bribe’ from DHFL promoter

June 25, 2020 8:50:26 pm

The Central Bureau of Investigation (CBI) had registered the case on March 7 against 12 accused persons, including the Kapoors. It had carried out searches on March 9 and arrested Rana Kapoor and the Wadhawans, the officials said.

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E-comm firms told: Let buyers know country of origin of goods

June 25, 2020 7:12:51 am

Experts say such a requirement does not have a precedent, may not be easy to roll out and may require more brainstorming, especially for products, such as cellphones and laptops, that may have inputs from several countries.

Govt procurement portal asks sellers to specify country of origin

June 24, 2020 4:20:41 am

A senior official told The Indian Express that the Department for Promotion of Industry and Internal Trade (DPITT) is also actively examining a proposal put forth by a group of traders that the ‘country of origin’ tag be made a must for products listed on private e-commerce platforms as well.

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Take-home salary to go up as govt reduces employee EPF contribution for next three months

May 14, 2020 8:52:24 am

Employee EPF contribution cut: Statutory PF contribution of both employer and employee will be reduced to 10% each from the existing 12% each for all establishments covered by EPFO for the next three months.

Renewables are the only winners in historic decline in energy demand

Renewables are the only winners in historic decline in energy demand

May 1, 2020 6:58:37 am

As people around the world consume less oil, gas and coal, electricity generated from the wind and sun will keep flowing, resulting in an unprecedented 8% decline in global carbon dioxide emissions this year, according to a report from the International Energy Agency.

Cabinet likely to okay package for power discoms reeling under revenue loss in lockdown

PowerMin releases revised draft of Electricity Amendment Bill 2020

April 18, 2020 1:57:35 am

The feedback on the revised Electricity Amendment Bill 2020 has been sought within 21 days

Trump taps Indian-American lawyer as US representative to World Bank's lending arm IBRD

Trump touts ‘great’ Saudi-Russia oil deal to halt price rout, but details unclear

April 3, 2020 11:30:02 am

Trump said the two nations could cut output by 10 to 15 million barrels per day (bpd) - an unprecedented amount representing 10 per cent to 15 per cent of global supply, and one that would require the participation of nations outside of OPEC and its allies.