Rs 3,770 crore disclosed under black money window: The amount of foreign assets disclosed under the limited window of the Black Money Act is a paltry Rs 3,770 crore as of mid-night of Wednesday, the last day of the disclosure window. A total of 638 declarations were received under the compliance window, said a press statement from the Central Board of Direct Tax. This is much below what the government had expected.
IMF says India is a bright spot in slowing world economy: IMF chief Christine Lagarde has said that global growth will likely be weaker this year with only a modest acceleration expected in 2016 but India remains a bright spot. "India remains a bright spot. China is slowing down as it rebalances away from export-led growth. Countries such as Russia and Brazil are facing serious economic difficulties. Growth in Latin American countries, in general, continues to slow sharply", Lagarde said.
R.C. Bhargava gets Forbes lifetime award: Maruti Suzuki Chairman RC Bhargava has been honoured with the lifetime achievement award at the Forbes India Leadership Awards (FILA), 2015. An IAS topper of 1956 batch, Bhargava was one of the founding members of Maruti in 1982. He led the company as Managing Director from 1990 to 1997.
Proposal on compensating users for call drops by Oct 15: Telecom sector regulator Trai will come out with recommendations on compensating consumers for call drops by October 15 while it will also release a service paper in the next few days listing reasons behind the menace.
Diesel price hike: Diesel price has been increased by 50 paise per litre with effect from Wednesday midnight, however, petrol price remains unchanged. Now, diesel will cost Rs 44.95 per litre as against Rs 44.45 previously, state-run Indian Oil Corporation said.