New Delhi, Jun 18: Union Minister Arun Jaitley today urged citizens to pay their due share of taxes “honestly” to reduce dependence on oil as a revenue source, and virtually ruled out any cut in excise duty on petrol and diesel saying it could prove to be counter-productive. While salaried class pay their due […]
New Delhi, Jun 18: Rating agency Moody’s has sounded a note of caution that any reduction in excise duty on petrol and diesel would adversely affect fiscal deficit unless it is matched by a commensurate cut in expenditure. Pressure has been mounting on the government to cut excise duty on petrol and diesel to […]
New Delhi, Jun 18: The government today said exporters, particularly from the food and agriculture sectors, should strictly comply with global norms for quality and standards, or else they might lose their export market share to other countries. Emphasising on the importance of adopting best standards for goods and services, Commerce Secretary Rita Teaotia […]
Mumbai, Jun 18: Banks Board Bureau (BBB) has recommended 22 general managers to be elevated as executive directors at the various public sector banks for vacancies in the current financial year. This is the first major exercise undertaken by the BBB headed by newly appointed chairman B P Sharma, former Secretary, Department of Personnel […]
New Delhi, Jun 18: ICICI Bank Chairman M K Sharma has written an email to board members seeking their opinion on whether Managing Director (MD) & Chief Executive Officer (CEO) Chanda Kochhar should be asked to go on indefinite leave until the internal enquiry is concluded, said people in the know. “In an email sent […]
New Delhi, Jun 18: The government is hopeful of achieving double-digit gross domestic product (GDP) growth in the country by the fourth quarter of the ongoing financial year, Railway and Coal Minister Piyush Goyal said on Monday. Responding to a query at the Growth Net conclave here on how India proposed to go much faster […]
New Delhi, Jun 18: Lenders to Essar Steel may not allow Numetal to change its corporate structure stated in the second round of bidding if it comes up for consideration. “The committee of creditors (CoC) may not allow Aurora Enterprises to be dropped from Numetal because this is not a fresh request for proposal […]
Athens, Jun 18: India is striving to become a USD 5 trillion economy and the world’s third largest consumer market by 2025, President Ram Nath Kovind has said as he highlighted investment opportunities in the country. Kovind, the first Indian president to travel to Greece in 11 years. Addressing the diaspora here, he said his […]
Mumbai, Jun 14: Benchmark indices ended volatile session in the red on Thursday as investors after digesting Fed rate hike cautiously await European Central Bank policy rate decision due later in the day. The 30-share BSE Sensex recovered more than 100 points from day’s low in later part of the session, ending down 139.34 points […]
New Delhi, Jun 14: The government is considering listing of debt-laden Air India (AI) after the proposal for 76% strategic stake sale failed to attract any bidders, a source said. The source in the government said various options, including possible listing of the national carrier, are being looked at. By selling shares in an […]