Japanese auto major Honda will recall over 90,000 units of its sedan City and multi-purpose vehicle Mobilio in India manufactured between December 2013 to July 2015 to replace fuel return pipe. The recall will affect only the diesel variants of the two models. The company’s Indian arm, Honda Cars India Ltd (HCIL) said that it … Continue reading Honda Cars India to recall 90,210 units of City, Mobilio
Union Minister for State for Finance Jayant Sinha has said that recent macro-economic indicators have shown positive trend and the structural reforms undertaken have started contributing to the sustainable growth. Addressing the first Meeting of State Finance Secretaries in New Delhi yesterday, Mr Sinha stressed the need to increase social sector spending and at the … Continue reading Fiscal consolidation process on track: Jayant Sinha
TIA NEWS / The Cabinet Committee on Economic Affairs (CCEA) has approved creation of buffer stock of pulses to deal with wide fluctuation in prices of pulses and check food inflation. The buffer stock will be in place this fiscal itself. As per decision, about 50 thousand tonnes of pulses will be procured from the … Continue reading Govt approves measures to increase production of pulses
Communications and IT Minister Ravi Shankar Prasad today assured the Rajya Sabha that all out efforts will be taken to make BSNL profitable soon. The Minister was responding to a query by Naresh Agarwal of the Samajwadi Party during Zero Hour. Mr Agarwal said the private mobile operators are not taking action against the call … Continue reading All efforts will be made to make BSNL profitable: Prasad
Finance Ministry said Gold Monetisation Scheme is purely voluntary for individuals and institutions, and they can take their own decision to monetise the gold held by them. In a statement, Finance Ministry yesterday said that the objective is to monetise the idle gold held within the country and promote financial savings. The ministry was reacting … Continue reading Gold Monetisation Scheme purely voluntary: Finance Ministry
The Chief Economic Advisor-led panel has recommended standard rate for Goods and Services Tax at 17 to 18 per cent, the rate at which most products would likely be taxed. In its report submitted to Finance Minister Arun Jaitley, the committee has excluded real estate, electricity and alcohol and petroleum products while calculating tax rates … Continue reading CEA-led panel recommends standard rate for GST at 17-18 %
Our Correspondent / American business magnate, philanthropist, investor, computer programmer and Co-chair and Trustee of the Bill and Melinda Gates Foundation, Mr. Bill Gates, called on the Prime Minister Narendra Modi Friday. The discussion centered around clean energy initiatives, financial inclusion, sanitation, health and nutrition. Mr. Bill Gates was appreciative of the work done in … Continue reading Bill Gates discusses clean energy initiatives with PM Modi
AMN / The government has taken several initiatives to deal with the menace of black money. In a written reply in the Lok Sabha, Minister of State for Finance , Mr Jayant Sinha informed that government has brought a Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act -2015 which provides for … Continue reading Several initiatives taken to deal with black money: Minister
AMN The Finance Ministry today said, it has received information from the US under the financial information exchange pact Foreign Account Tax Compliance Act, FATCA in the last two months. Talking to reporters, Department of Revenue Joint Secretary Akhilesh Ranjan, said government will analyze the received information form US. He added that, FATCA came into … Continue reading India receives financial info from US under FATCA: FinMin
India’s sugar production rose 24 per cent to 23.60 lakh tonnes during the October – November month on higher output from Maharashtra. Sugar export from India stood at 1.75 lakh tonnes in the first two months of the current marketing year. Sugar marketing year runs from October to September. Releasing the production and exports data, … Continue reading Sugar production up 24% at 23.6 LT in Oct-Nov: ISMA
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