Finance

News Investments into Indian markets through participatory notes (P-Notes) has surged to the highest level in over seven years at Rs 2.72 lakh crore (over USD 43 billion) at the end of March 2015. P-Notes, mostly used by overseas HNIs (High Networth Individuals), hedge funds and other foreign institutions, allow ...

News The Finance Ministry has said that projects which promote road safety and aim at curbing accidents are eligible for deduction under the Income Tax Act. The project will, however, need to be notified as an eligible project, for which an application has to be made to Secretary, National Committee ...

News India has “better investment climate” than other BRIC nations even as regulatory and tax system-related challenges are impacting immediate investment plans, says a survey of top executives of German companies. More than 90 CEOs and CFOs from leading German high-tech companies participated in the survey done by global consultancy ...

News As part of efforts to prevent black money being tucked away into convenient domestic hidey holes, the government could sharply prune the list of relatives in whose names property can be acquired to spouses and unmarried daughters. This government has demonstrated that it is serious about the crackdown on ...

News In a bonanza to over one crore central government employees and pensioners, the Cabinet today hiked Dearness Allowance (DA) by 6 per cent to 113 per cent of their basic pay with effect from January. The increase is in accordance with the accepted formula based on the recommendations of ...

News India bids for airwaves crossed Rs 1 lakh crore or $18 billion, making the spectrum auction the biggest ever sale of spectrum by value. Benefits The auction has opened a number of new opportunities for subscribers in new circles for 3G services in 2100 Mhz band and LTE in ...

News The Finance Ministry has operationalised an ambitious electronic national database of judicial orders and appeals to de-congest and streamline huge litigation in the Income Tax Department and the Central Board of Direct Taxes (CBDT). According to data, tax demand of more than Rs 3.5 lakh crore is under dispute ...

News India  launched a new campaign to scout for Chinese investments under the ‘Make in India’ initiative with an investor’s meeting in Hong Kong, ahead of Prime Minister Narendra Modi’s expected visit to China next month. Ajith Ranade, member of the CII core group on China, said India’s youth population ...

Past Sibal, as Telecom and IT Minister in the previous UPA government, in January 2011 had stated that there was zero loss to the Government as a result of giving away second generation or 2G telecom licences to new players on first-come-first-serve basis in 2008. News In the auction that ...

News MUDRA- Micro Units Development and Refinance Agency. Prime Minister Narendra Modi will launch on April 8 the Rs 20,000 crore MUDRA Bank, an agency to refinance micro-finance institutions which will also act as regulator for the sector. This bank would be responsible for regulating and refinancing all MFIs which ...