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India's industrial output contracts at a lower pace in July

New Delhi, Sept. 11 -- India's industrial production contracted by 10.4% in July, a slower pace than the 16.6% contraction witnessed in the previous month, suggesting that economic activity was gainin... Read More


Foreign funds transfer to entail 5% levy from Oct 1

New Delhi, Sept. 10 -- Any amount sent abroad to buy foreign tour packages, and every other foreign remittance made above Rs 7 lakh, will attract a tax-collected-at source (TCS) beginning October 1 un... Read More


5% tax at source on foreign remittances to kick in from 1 October

New Delhi, Sept. 9 -- Those making foreign remittances need to pay attention to their tax collected at source (TCS) liability from next month as a key tax provision kicks in from 1 October. As per th... Read More


Weak demand a challenge, need a bold stimulus package, says industry

New Delhi, Sept. 9 -- Weak demand is the foremost challenge confronting India Inc., which calls for a bold stimulus package to energise businesses, said industry body Federation of Indian Chambers of ... Read More


Companies get three more months to hold AGMs till December end

New Delhi, Sept. 8 -- The government on Tuesday gave three months extra time for businesses to hold their annual general meetings (AGMs) in view of the rising cases of coronavirus infections. An offi... Read More


'Kudos': FM to DRI officials injured in bid to stop smugglers at Kozhikode airport

New Delhi, Sept. 6 -- Three people have been arrested outside the Kozhikode airport for smuggling gold in an operation that left two personnel of the Directorate of Revenue Intelligence (DRI) injured,... Read More


Timing of essence in announcing a second stimulus, says Pronab Sen

New Delhi, Sept. 6 -- India is facing sharp economic contraction and a surge in coronavirus cases, while policymakers at central and state governments are grappling with revenue shortfall in the face ... Read More


Deficit targeting may see sweeping changes

New Delhi, Sept. 5 -- A fundamental revisit of the way India sets its fiscal deficit targets may be on the cards, with the Fifteenth Finance Commission (FFC) discussing ways to do so at a meeting on F... Read More


Deficit targeting may see sweeping changes

new delhi, Sept. 5 -- A fundamental revisit of the way India sets its fiscal deficit targets may be on the cards, with the Fifteenth Finance Commission (FFC) discussing ways to do so at a meeting on F... Read More


Jharkhand CM seeks Modi's intervention to resolve GST deadlock

New Delhi, Sept. 4 -- Jharkhand chief minister Hemant Soren on Friday appealed to Prime Minister Narendra Modi to intervene in the controversy over paying states compensation for their Goods and Servi... Read More