BUSINESS AWAAZ

FM Arun Jaitley rules out farm loan waivers

Union Finance Minister Arun Jaitley on Tuesday ruled out farm loan waivers. Replying to a media query in New Delhi, Mr Jaitley said the Centre is not considering any such plan and will adhere to fiscal targets. The comments came as Punjab became the third state after Uttar Pradesh and Maharashtra to announce waiver of … Continue reading FM Arun Jaitley rules out farm loan waivers

Global Crude oil price of Indian Basket was $45.84/bbl on June 19

  The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 45.84 per barrel (bbl) on 19.06.2017. This was lower than the price of US$ 45.94 per bbl on previous publishing day of 16.06.2017. In rupee terms, … Continue reading Global Crude oil price of Indian Basket was $45.84/bbl on June 19

Workshop on GST to Sensitize Maritime Fraternity

The Ministry of Shipping conducted a workshop on “GST for Shipping” in New Delhi today to sensitize all constituents of the maritime fraternity. The workshop was attended by representatives from ports, various attached and subordinate organizations under the Ministry of Shipping and industry associations. Chairing the workshop Rajive Kumar, Secretary Shipping said that it was … Continue reading Workshop on GST to Sensitize Maritime Fraternity

Letter on linking of land records to Aadhaar fake and mischievous: Govt

AMN The government today said that the letter attributed to Cabinet Secretariat on Digitalisation of Land Records and linking of the same to AADHAR which is being widely circulated on social media is completely fake and mischievous. In a statement, Cabinet Secretariat has clarified that the government has issued no such letter. It said, a … Continue reading Letter on linking of land records to Aadhaar fake and mischievous: Govt

CBDT notifies secondary adjustment rule in transfer pricing

The Income Tax Department has come out with rules for operationalising the provisions of secondary adjustment in books of accounts to reflect actual allocation of profits between a company and its arm. According to an official release,It prescribes the time limit for repatriation of excess money and the rate of interest to be applied for … Continue reading CBDT notifies secondary adjustment rule in transfer pricing

Bankers meet to decide on large defaulters

AMN The leading bankers are planning a meeting from Monday to discuss on their next course of action on bad loans accounts for referral to National Company Law Tribunal. The bankers will meet to discuss on the six of the 12 bad loan accounts named by RBI as the largest defaulters last week to face … Continue reading Bankers meet to decide on large defaulters

Black money: Switzerland ratifies AEOI with India

Switzerland has ratified automatic exchange of information (AEOI) sharing with India and 40 other countries to facilitate immediate sharing of details about suspected black money. It, however, sought strict adherence to confidentiality and data security laws. The Swiss Federal Council, the country’s top governing body, in a statement said that the protocol will be implemented … Continue reading Black money: Switzerland ratifies AEOI with India

CCI imposes Rs. 87 crore fine on Hyundai Motor India

TIA NEWS Competition Commission of India (CCI) has imposed a penalty of Rs. 87 crore on Hyundai Motor India for unfair business practices with respect to providing discounts for cars. In it order, the CCI asked the company to cease and desist from such anti-competitive practices. It said, the company’s anti-competitive conduct include putting in … Continue reading CCI imposes Rs. 87 crore fine on Hyundai Motor India

Kharif Crop Sown in 92.85 Lakh Hectare so far

AMN The total sown area as on 16th June 2017, as per reports received from States, stands at 92.85 lakh hectare as compared to 87.59 lakh hectare at this time last year. It is reported that rice has been sown/transplanted in 9.22 lakh ha, pulses in 2.22 lakh ha, sugarcane in 47.52 lakh hectare and … Continue reading Kharif Crop Sown in 92.85 Lakh Hectare so far

India’s spices export grow by 12 %

AMN The export of spices and spice products achieved a growth of 12 per cent during 2016-17. According to Spices Board in Kochi, 9.48 lakhs tons of spices were exported earning over 17 thousand crore rupee. In 2015-16, the country had exported 8.43 lakhs tons worth around 16 thousand crores. Chilli continued to be the … Continue reading India’s spices export grow by 12 %

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India beat Pak 6-1 in 5th to 8th Classification match of Hockey World League

India beat arch-rivals Pakistan 6-1 in a 5th to 8th Classification match of the Hockey World League Semi-Final ...

Srikanth to take on Chen Long of China in final of Australian Open

India's Kidambi Srikanth will take on Chen Long of China tomorrow in the Men's Singles final of the Australian ...

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Mallya case: India gives fresh set of documents to UK

AMN India has given a fresh set of papers to the UK in the extradition case of businessman Vijay Mallya. Ex ...