BUSINESS AWAAZ

No scope for cut in lending rates in near-term: Bankers

AMN / Bankers have reacted sharply over the status quo on repo rates in its third bimonthly policy review announced by RBI.They  have ruled out any immediate lowering of interest rates as the RBI maintained status quo on policy rates in its third bimonthly policy review announced Tuesday. Speaking to reporters in Mumbai, SBI Chairperson Arundhati Bhattacharya … Continue reading No scope for cut in lending rates in near-term: Bankers

Auction for Sale (Re-Issue) of Government Stocks

Government of India have announced the Sale (re-issue) of (i) “7.68 per cent Government Stock 2023” for a notified amount of ` 2,000 crore (nominal) through price based auction, (ii)“7.72 per cent Government Stock 2025” for a notified amount of ` 6,000 crore (nominal) through price based auction, (iii) “8.24 per cent Government Stock 2033” … Continue reading Auction for Sale (Re-Issue) of Government Stocks

Govt to discuss SIT recommendations on P-notes with SEBI, RBI

TIA Correspondent Government today said that it would not take any “knee-jerk” reaction on stricter norms for P-Notes proposed by SIT on black money that will adversely impact country’s investment climate. Finance Minister Arun Jaitley said in New Delhi that the government will study the suggestions before taking a stand. The government said a view … Continue reading Govt to discuss SIT recommendations on P-notes with SEBI, RBI

Govt to hold consultations on P-notes: Revenue Secretary

AMN / Amidst fears of negative impact of Special Investigative Team (SIT) recommendation of stricter norms for participatory notes (P-notes) on markets, the government today said a view on the suggestions will be taken only after consultations with SEBI, RBI and others. The Supreme Court-appointed SIT on black money last week recommended a host of … Continue reading Govt to hold consultations on P-notes: Revenue Secretary

SIT on Black Money asks SEBI to clamp down on tax evaders

TIA Correspondent The Special Investigation Team, SIT on black money has asked Securities Exchange Board of India, SEBI to identify real owners of foreign funds coming through the Participatory-Note route and also prosecute those using equities for tax evasion. In its third report on steps required to check the black money menace, the SIT said … Continue reading SIT on Black Money asks SEBI to clamp down on tax evaders

Decision on Shah Committee’s report on Minimum Alternate Tax on foreign investors soon

TIA NEWS Finance Minister Arun Jaitley has said that the government will soon take a decision on the Justice AP Shah Committee’s report on applicability of the Minimum Alternate Tax, MAT, on foreign investors. MAT is a way of making companies pay the minimum amount of tax. Mr. Jaitley said that the government would examine, … Continue reading Decision on Shah Committee’s report on Minimum Alternate Tax on foreign investors soon

7 Indian firms among world’s 500 largest companies: Fortune

Seven Indian companies are among the world’s 500 largest companies, according to a list compiled by Fortune Magazine that has been topped by retail giant Walmart. The Indian companies on the 2015 Fortune Global 500 list are Indian Oil ranked 119 on the list with revenues of about 74 billion US dollars, followed by Reliance … Continue reading 7 Indian firms among world’s 500 largest companies: Fortune

SEBI bans more than 900 firms suspected to be platforms for tax evasion

Suspecting tax evasion of at least 5,000 to 6,000 crore rupees, Securities and Exchange Board of India (SEBI) has clamped down on a large number of organised syndicates who had set up shops to convert black money into legitimate-looking funds through the stock market platform. Sebi Chairman UK Sinha said in Mumbai yesterday that the … Continue reading SEBI bans more than 900 firms suspected to be platforms for tax evasion

Greece takes crucial step towards new bailout

Greece has taken a crucial step towards a huge new bailout for the country’s stricken economy after its parliament passed a crucial second batch of reforms. The passage of the measures means that negotiations on an 86 billion euro European Union bailout can begin. The reforms include changes to Greek banking and an overhaul of … Continue reading Greece takes crucial step towards new bailout

Government criticises Congress for giving dissent note on GST Bill

Government Wednesday criticised Congress for its dissent note in Select Committee report on GST Bill and accused it of being anti- development. Talking to reporters outside Parliament, Finance Minister Arun Jaitely said Congress dissent note is against its own bill and and hoped the opposition party will reconsider its what he called irresponsible decision. Mr. … Continue reading Government criticises Congress for giving dissent note on GST Bill

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NEWS IN HINDI

UP: अवैध गन्ना खरीद में लिप्त गन्ना माफिया जाएंगे जेल

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SPORTS

Football: Bhutia offers to train Kashmiri Youth Majid Khan

HARPAL SINGH BEDI / NEW DELHI In a welcome move former FOOTBALL captain Bhaichung Bhutia on Saturday offered ...

Kolkata: India all out for 172 in first innings

India were all out for 172 in their first innings at lunch on the third day of the opening Test between India ...

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OPEN HOUSE

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 ...