Business

July 23, 2014 12:42 PM

Review of SEZ functioning an on-going process: Commerce Min

Minister of State for Commerce and Industry Nirmala Sitharaman has said the government is taking every measure to make the Special Economic Zones in the country fully functional. Responding to supplementaries during question hour in the Rajya Sabha today, she said review of the functioning of SEZs i...

July 23, 2014 11:35 AM

Enough evidence to chargesheet Maran bros in Aircel case: AG

Attorney General Mukul Rohtagi has said that there is enough evidence with the CBI to file a chargesheet against former Telecom Minister Dayanidhi Maran and his brother Kalanithi in the Aircel-Maxis deal case.Though CBI sources said the agency is yet to receive the opinion of the Attorney General, h...

July 23, 2014 11:24 AM

Aircel case: CBI evidence enough to chargesheet Maran brothers says AG

Attorney General Mukul Rohtagi has said that there is enough evidence with the CBI to file a chargesheet against former Telecom Minister Dayanidhi Maran and his brother Kalanithi in the Aircel-Maxis deal case.Though CBI sources said the agency is yet to receive the opinion of the Attorney General, h...

July 23, 2014 9:25 AM

Guidelines for setting up TReDs for MSMEs issued

The Reserve Bank of India has issued draft guidelines for setting up and operating a Trade Receivables Discounting System in order to facilitate financing to micro, small and medium enterprises (MSMEs) and to help them convert trade receivables into liquid funds.RBI said that MSMEs, despite their im...

July 23, 2014 9:21 AM

Enhanced EU sanctions to target Russia's defence sector

The European Union will widen its sanctions against Russia to include more individuals and consider targeting the defence sector, the Dutch foreign minister has said. Frans Timmermans said unanimous and forceful decisions had been taken on enhanced sanctions against Russia over the Ukraine conflict....

July 23, 2014 8:45 AM

EU to target Russia's defence sector in enhanced sanctions

The European Union will widen its sanctions against Russia to include more individuals and consider targeting the defence sector, the Dutch foreign minister has said. Frans Timmermans said unanimous and forceful decisions had been taken on enhanced sanctions against Russia over the Ukraine conflict....

July 23, 2014 8:22 AM

SC denies bail to Sahara Chief Subrata Roy<br/>

The Supreme Court refused to release Sahara Chief Subrata Roy on interim bail or parole but allowed selling of his luxury hotels in New York and London to raise money to deposit 10,000 crore rupees with SEBI to get regular bail.The apex court assured 65-year-old Roy that it will allow him to go out ...

July 22, 2014 9:58 PM

Sitharaman stresses for further simplification of tax structure

Minister of State for Finance Nirmala Sitharaman has stressed for further simplification of tax structure to facilitate tax payers to comply and pay off the due tax. Addressing the valedictory session of the two-day Annual Conference of Principal Chief Commissioners and senior officials of Income Ta...

July 22, 2014 9:31 PM

Nirmala Sitharaman stresses for further simplification of tax structure

Minister of State for Finance Nirmala Sitharaman has stressed for further simplification of tax structure to facilitate tax payers to comply and pay off the due tax. Addressing the valedictory session of the two-day Annual Conference of Principal Chief Commissioners and senior officials of Income Ta...

July 22, 2014 1:22 PM

FM: CPSEs must learn how to function in competitive environment

Finance Minister Arun Jaitley has said that the Central Public Sector Enterprises (CPSEs) must learn how to function like any other business organisation in a competitive environment unlike a government department. Replying to supplementaries during question hour in the Rajya Sabha, he said, though ...

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