Tag archive for ‘on’
By Loknath Das On Saturday, July 8th, 2017
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Have Zero Tolerance On Bad Loans; Fight Cases: Finance Ministry To Banks

New Delhi: Unfazed by the Gujarat High Court order staying bankruptcy proceedings against Essar Steel, the finance ministry has asked banks to maintain zero tolerance against bad loans and be prepared to fight More...

By Loknath Das On Wednesday, July 5th, 2017
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BHEL Shares Tank 13% On Weak March Quarter Earnings

New Delhi: Shares of BHEL today tumbled nearly 13 per cent after the company’s standalone net profit declined by 57 per cent in the March quarter. After making a weak opening, shares of the company plunged More...

By Loknath Das On Wednesday, July 5th, 2017
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Manufacturing Growth Cools In June On Weak Demand

Activity in India’s manufacturing sector eased to a four-month low in June amid a slowdown in output and new orders as softer domestic consumption partly offset strong foreign demand, a private business survey More...

By Loknath Das On Tuesday, July 4th, 2017
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Revenue Department Removes Additional Excise Duty On Cigarettes, Tobacco

New Delhi: The finance ministry has removed additional excise duty on tobacco, pan masala and cigarettes with effect from July 1, following the GST implementation. The revenue department also “rescind” More...

By Loknath Das On Sunday, July 2nd, 2017
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GST impact on real estate: What will change when you go to buy a house?

The switchover to the GST regime is undoubtedly one of the biggest tax reforms in post-independence India.  From July 1 2017, GST effectively cuts through a confounding Gordian knot of taxation complexity in the More...

By Loknath Das On Saturday, July 1st, 2017
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RBI To Remain Open On July 1 To Facilitate Transactions

Mumbai: The Reserve Bank will remain open on July 1 for services such as transfer of funds through NEFT and RTGS from 11 AM onwards. RBI follows a July to June accounting year and June 30 being the closing date More...

By Loknath Das On Wednesday, June 28th, 2017
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Former RBI Governor Says Almost Resigned On Differences With P Chidambaram

New Delhi: Former Reserve Bank of India Governor Y V Reddy has written in his autobiography that he once contemplated resignation and had to even offer an unconditional apology to then Finance Minister P Chidambaram. More...

By Loknath Das On Tuesday, June 20th, 2017
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Bankers To Meet From Monday To Decide On Large Defaulters

Mumbai: Bankers are meeting from Monday to finalise their next course of action on six of the 12 bad loan accounts for immediate referral to NCLT after the RBI named the largest defaulters to face bankruptcy proceedings. The More...

By Loknath Das On Saturday, June 17th, 2017
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Reduce GST on yarn from 18 to 12%: Textile industry

The Textile industry in the region today expressed the hope that the June 18 GST council meeting would consider reducing the GST rate on Man Made Fibres, filaments and yarns from 18 per cent to 12 per cent. There More...

By Loknath Das On Saturday, June 17th, 2017
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Government Working On New Industrial Policy

New Delhi: The government is working on a new industrial policy with a view to promoting and developing frontier technologies, innovation and enhancing competitiveness of domestic products. “With the changing More...