BUSINESS AWAAZ

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

Direct transfer of fertiliser subsidy into farmers’ accounts

AMN / Government has proposed to transfer fertilizer subsidy directly into farmers’ accounts. However, a major challenge in operationalising this scheme lies in identification of beneficiary farmers. An official release said, in many states the land records are neither accurate nor updated. Department of Fertilizers is planning to have a phased approach and prepare a … Continue reading Direct transfer of fertiliser subsidy into farmers’ accounts

BRICS bank starts operations from Shanghai

AMN / The New Development Bank (NDB) floated by the BRICS nations, to step up infrastructure funding in the emerging economies formally started its operations at its headquarters in Shanghai today. Chinese Finance Minister Lou Jiwei, Shanghai Mayor Yang Xiong and the bank’s President K V Kamath attended the opening ceremony. Kamath will be the … Continue reading BRICS bank starts operations from Shanghai

Greece begins repaying its debt to IMF, ECB

Greece has begun to repay its debt it owed to the International Monetary Fund, IMF and the European Central Bank, ECB. IMF spokesman Gerry Rice announced last night that Greece was no longer in default on its loans after remitting about two billion Euros to make up for its missed debt payments. He further said … Continue reading Greece begins repaying its debt to IMF, ECB

Greek banks reopen after three-weeks closure

Greek banks are reopening after three weeks of closures sparked by the deadlock over the country’s debt. While banks throwing open their doors marks the return of some normality to the Greek economy, long-term problems remain. Unemployment is stubbornly high and Greece’s recession is comparable to one of history’s most famous economic crashes. Athens reached … Continue reading Greek banks reopen after three-weeks closure

SPORTS

IPL Cricket – 2020 to begin from Sept 19 in UAE

AMN IPL 2020 will be played from September 19 to November 10 in the UAE this year. The decision to this eff ...

Football: Manipuri cousin trio hopes ‘family tradition’ continues at FIFA U-17 Women’s World Cup

 Harpal Singh Bedi New Delhi, 3 August; U-17 World Cup captain Amarjit Singh and the lone goal scorer ...

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TECH AWAAZ

UAE makes history, launches first space mission to Mars from Japan

WEB DESK UAE’s historic journey to Mars has been successfully started from the Tanegashima Space Center i ...

India’s first travel and wildlife based App ‘The Spherical’ launched

Staff Reporter To keep the people updated with the interesting and latest wildlife news and events and step ...

MARQUEE

Woman gives birth to baby girl on NDRF rescue boat in flood-hit Bihar

It was the 10th childbirth including a twins on an NDRF boat while evacuating expecting mothers from flood-hit ...

India’s first travel and wildlife based App ‘The Spherical’ launched

Staff Reporter To keep the people updated with the interesting and latest wildlife news and events and step ...