Business

July 18, 2014 1:59 PM

Govt allocates Rs 260 crore for power subsidy in Delhi

No new taxes has been proposed in Delhi's Budget for 2014-15 presented in the Lok sabha today. Presenting the Budget, Finance Minister Arun Jaitely also announced subsidy of 80 Paise to 1 Rupee 20 paise per unit to small power consumers in the city. For this he has made a provision of 260 c...

July 18, 2014 1:31 PM

GST will be implemented with consent of all states: Fin Min

Finance Minister Arun Jaitley has said the Goods and Services Tax will be implemented with the consent of all states and their revenue interest will be protected. Replying to supplementaries in the Lok Sabha today, he said for this, the government will bring amendments to the relevant legislations e...

July 18, 2014 1:13 PM

Action taken against identified Swiss bank A/c holders: Jaitley

Government has initiated a number of measures to identify persons whose names were provided by French banking authorities in the past, having accounts in Swiss banks.Replying to supplementaries in the Lok Sabha today, Finance Minister Arun Jaitley said action for evading tax and criminal proceedings...

July 18, 2014 9:52 AM

BJP MP Kirit Somaiya writes to Maha CM on KBC chit fund issue

BJP MP from Mumbai North-East, Mr. Kirit Somaiya has written a letter to Maharashtra Chief Minister Prithviraj Chavan expressing serious concern over the KBC chit fund issue. Mr. Somaiya has claimed that despite repeated requests, the state government has failed to take any prompt action against sev...

July 18, 2014 9:51 AM

Jihadist group seizes Syria oilfields in Homs

In Syria, fighters from the self declared jihadist group, the Islamic State, have seized a gas field in the desert region of Palmyra in the central province of Homs. According to the Syrian Observatory for Human Rights, the fighters yesterday attacked the Shaer gas field, east of the ancient site of...

July 18, 2014 9:08 AM

RBI issues draft guidelines for setting up small and payment banks

The Reserve Bank of India issued draft guidelines for setting up 'local feel' small banks and payment banks which will disburse small-ticket loans to farmers and businesses. The Payment banks will cater to marginalised sections of the society, including migrant labourers, for colle...

July 17, 2014 8:56 PM

RBI unveils draft guidelines for opening small & payment banks

The Reserve Bank of India,RBI, today issued draft guidelines for setting up local feel small banks and payment banks. The local feel small banks will disburse small-ticket loans to farmers and businesses and suite of basic banking products such as deposits and supply of credit, but in a limited area...

July 17, 2014 8:47 PM

RBI unveils draft guidelines for opening small & payment banks

With the purpose of furthering financial inclusion, the Reserve Bank of India today issued draft guidelines for setting up 'local feel' small banks, which will disburse small-ticket loans to farmers and businesses. The Reserve Bank also issued draft guidelines for setting up of pay...

July 17, 2014 8:41 PM

SEBI issues draft guidelines for setting up of infra investment trusts

The Securities and Exchange Board of India - SEBI today issued draft guidelines for setting up of infrastructure investment trusts. These trusts will allow companies to monetize their infrastructure projects and will also get certain tax benefits. It will allow investors to invest in specific produc...

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