Business

The PoEM rules with an aim to assess the tax liability was to come into effect in the current fiscal.

Net interest income grew by 17.6 per cent to Rs 8,309.1 crore during the quarter driven by average asset growth of 18.6 per cent.

In the past, the government said it would bring the corporate income tax down to 25 per cent.

GJF has also recommended Goods and Services Tax (GST) at 1.25 per cent for the gems and jewellery sector, so that it help the industry become compliant and organised.

The metal for delivery in February contracts moved down by 95 paise, or 0.59 per cent to Rs 158.80 per kg in 12 lots.

"We presently don't have the confirmed data on this query," said a reply from the RBI's Department of Currency Management (Forged Note Vigilance Division), to prominent activist Anil V. Galgali.

A IMF team, led by Geert Almekinders, visited Nepal from January 11-23, to hold discussions.

Trump campaigned on a pledge to renegotiate the North American Free Trade Agreement and would meet leaders of NAFTA partners Mexico and Canada.

On Monday, the rupee had ended marginally lower by two paise at 68.20 despite the outlook for the dollar remaining lacklustre.

The NSE Nifty went past the 8,400-mark by rising 36.20 points, or 0.43 per cent, to 8,427.70.

VW also agreed to keep making volume-based incentive payments to dealers, and will allow them to defer capital improvements for two years.

"AirAsia has had no dealings or transactions with Rolls-Royce," the low-cost carrier said.

The conservative estimate is that the fresh wave of bad loans could surface over the next three-four quarters and specifically be centred around loans to the MSME segment.

They also say while demonetisation may not have impacted ongoing investments, fresh ones would have been kept in abeyance.

Valuations could be hit as National Insurance and Oriental Insurance don’t have the required IRDAI-fixed solvency ratio of 1.5% as on September 30, 2016, while Oriental Insurance and United India Insurance have suffered heavy losses

The brothers, who are locked in a dispute with Daiichi, were also asked to submit the value of their unencumbered assets and shares in various group entities.

The informal proposal was discussed at an “informal meeting” of some major WTO members — including India, China, Brazil, Japan and Australia — in Davos last week.

Swiss Re is among the first five foreign companies to obtain a licence to sell reinsurance in India. Swiss Re’s newly licensed entity, Swiss Reinsurance Company, India Branch, will begin its operation from February 1.

Total income from operations declined 0.79 per cent to Rs 8,317.94 crore, compared with Rs 8,384.68 crore in the corresponding period of last fiscal, said the company.

Sources said all these officials were holding important positions at IDBI when the bank granted a loan of over Rs 900 crore to Kingfisher Airlines.

The Survey will seek to initiate the debate around this, even though it is unlikely that the budget for 2017-18 would announce a full scale UBI, a government official said.

Acharya who joined the RBI on January 20 with a three year-term is expected to give crucial inputs for the forthcoming monetary policy scheduled on February 8.

The MeitY has recommended that fiscal incentives of income tax exemption under section 10A of the Income Tax Act be restored for new STP units with annual turnover less than Rs 25 crore, or for

The SFO alleges that Rolls-Royce bribed an AirAsia Group executive with credits worth $3.2 million to be used to pay for the maintenance of a private jet.

Observing that the current MAT rate at 18.5 per cent is quite high, the report said the high rate adversely impacts the cash flow of companies that have low taxable income or have incurred losses,