News: India will increase the import duty on some base metals by 2.5 per cent, according to a list of business on the website of the upper house of parliament. Iron, Copper, Steel, Nickel and Aluminium are among commodities listed as base metals under Chapter 72 of the Central Board ...

News: Finance Ministry has said that a steady 37 per cent growth in indirect tax collections in four months to July reflects that underlying momentum in the economy is improving. Indirect tax revenue jumped over 37 per cent to over Rs 2.1 lakh crore in April-July of the current fiscal ...

News: The Special Investigation Team (SIT) probing black money has approved compounding of offences under the Income-Tax Act for Indians holding accounts in foreign banks, many of whom are facing prosecution for tax evasion and concealment of income. This facility would be extended to foreign account holders who have fully ...

News: The market participant as well as industrialists will be keenly watching the government’s efforts to find a way to get parliamentary approval for the Goods and Services Tax (GST) Bill amid a belligerent opposition. If the Bill is not cleared , there is a high likelihood that market could ...

News: Successive Reserve Bank of India chiefs have faced bigger challenges than the government meddling in their affairs, poor quality data with which they have to call interest rates, and a research infrastructure that falls short of need. The Columbia University alumnus, Prachi Mishra is on a mission to bring ...

News: The Financing Agreement for World Bank (IDA) assistance of US$ 308.40 million for National Cyclone Risk Mitigation Project-II (NCRMP-II) was signed between Government of India and the World Bank. The Financing Agreement was signed by Mr. Raj Kumar, Joint Secretary, Department of Economic Affairs on behalf of the Government ...

News: India-born Sundar Pichai will be the new CEO of Google under a major restructuring at the technology giant. Founder Larry Page announced the formation of a new parent company Alphabet Inc which will replace Google as the publicly-traded entity and all shares of Google will automatically convert into the ...

News: The UK is among 36 new countries to be added to India’s electronic visa system from Independence Day, taking the number of nations on the list to 113. The e-visa route will allow British nationals flying to India for tourism and recreational purposes to apply and pay for their ...

News: The defence ministry is set to clear a Rs 5,000 crore procurement of ‘Made in India’ Akash missile systems for the air force in a contract that will involve significant private sector participation, with companies like Tata Power SED and Larsen & Toubro likely to get major work portions. ...

News: The Centre has invested Rs 4.85 lakh crore in big infrastructure projects, costing over Rs 150 crore, as of June 1 in the current fiscal. These projects are related to civil aviation, petroleum, power, railways, road transport and highways, steel, urban development, coal, atomic energy, shipping and ports, heavy, industry, fertiliser ...