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BT Online
New Delhi, November 22, 2017
The Commission is required to make recommendations on distribution of the net proceeds of taxes between the Centre and the states. The recommendations by the newly formed 15th Finance Commission are supposed to be in place before April 1, 2020.
BT Online
November 22, 2017
A whopping 60 per cent of the black money in the country is pumped into immovable assets in the form of both residential and commercial properties, according to news reports.
Dipak Mondal
New Delhi, November 22, 2017
After the overhaul of indirect taxes, the government is now gearing up for the review of direct taxes, which have been in force since 1961.
BT Online
New Delhi, November 22, 2017
The Code, which became operational in December last year, provides for a market-determined and time-bound insolvency resolution process. It is implemented by the corporate affairs ministry
BT Online
New Delhi, November 21, 2017
Analysts say with the increasing pressure from the government, more companies may fall in line soon.
BT Online
New Delhi, November 21, 2017
The agency claimed the initiatives, including demonetisation and Goods and Services Tax (GST), taken up by the government would strengthen India's credit powers, boost growth prospects and global competitiveness.
BT Online
New Delhi, November 21, 2017
In her letter to all the major FMCG companies, Sarna pointed out the need to immediately revise the maximum retail price on all the products for which the tax reductions have been announced by the GST Council.
PTI
New Delhi, November 19, 2017
Indian Railways is not looking at more funds in the upcoming Union Budget for 2018-19 as it is focussed on monetising assets within, Railway Minister Piyush Goyal said.
PTI
New Delhi, November 18, 2017
The US-based agency upped India's rating to Baa2 from Baa3 and changed its rating outlook to 'stable' from 'positive', saying the reforms will help stabilise rising levels of debt.
Anand Adhikari
November 17, 2017
The rating upgrade of India's sovereign rating by Moody's has flared up financial markets. But it's not time yet to cheer. Here's why.
Reuters
November 17, 2017
Moody's Investors Service upgraded its ratings on India's sovereign bonds for the first time in nearly 14 years on Friday, saying continued progress on economic and institutional reform will boost the country's growth potential.
BT Online
November 17, 2017
The decision to upgrade the ratings is underpinned by agency's expectation that continued progress on economic and institutional reforms will enhance India's high growth potential and will contribute to a decline in the government debt.
BT Online
New Delhi, November 17, 2017
Moody's has upgraded India's ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive after a gap of 13 years. India's sovereign credit rating was last upgraded in January 2004 to Baa3 (from Ba1).
BT Online
November 17, 2017
A day after the Cabinet cleared the raising of the carpet area of houses for the middle income group (MIG) category under the Pradhan Mantri Awas Yojana-Urban (PMAY-U), stocks of affordable housing firms rose up to 15 per cent in afternoon trade.
BT Online
New Delhi, November 16, 2017
Cabinet has approved an increase in carpet area of houses eligible for interest subsidy under the Credit Linked Subsidy Scheme (CLSS).
BT Online
New Delhi, November 17, 2017
While Finance Ministry has urged states and traders to conform to this norm, National Anti-profiteering Authority (NAA) will be able to ensure this on a more proactive manner.
PTI
New Delhi, November 15, 2017
As many as 178 items of daily use have been shifted from the top tax bracket of 28 per cent to 18 per cent, while a uniform 5 per cent tax was prescribed for all restaurants, both air-conditioned and non-AC.
BT Online
November 15, 2017
The GST Council, in its 23rd meeting in Guwahati, had slashed the tax rate from 18 per cent to just 5 per cent. However, restaurants will not be able to take the benefit of input tax credit.
BT Online
November 14, 2017
Finance Minister Arun Jaitley on Monday ruled out single tax rate of Goods and Service Tax (GST) saying those seeking single rate have no understanding of tariff structure.
BT Online
November 14, 2017
Tata Global Beverages September-quarter group consolidated net profit at Rs 144 crore versus profit of Rs 127 crore last year. Eicher Motors Q2 consolidated net profit at Rs 518 crore versus profit of Rs 413 crore last year. Shares slip 1.67 percent to 30,050 level.
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