Services Tax dept moves court for tax recovery from Kingfisher

The services tax department has moved to court to recover its dues of over 50 crore rupees from Kingfisher Airlines. Speaking to reporters in Mumbai on Tuesday, Services Tax Commissioner Sushil Solanki said that his department has filed intervention applications in the Debt Recovery Tribunal and the...

Financing norms for infra, affordable housing projects eased

Services Tax dept moves court for tax recovery from Kingfisher Airlines

The services tax department has moved to court to recover its dues of over 50 crore rupees from Kingfisher Airlines. Speaking to reporters in Mumbai on Tuesday, Services Tax Commissioner Sushil Solanki said that his department has filed intervention applications in the Debt Recovery Tribunal and the...

RBI eases share transfer norms for NRI investors in domestic cos

RBI eases financing norms for infrastructure and affordable housing projects

India ready to play vital role to launch BRICS Dev Bank

India has expressed its willingness to play a major role in the formation and running of the BRICS Development Bank.The sources in ministry of external affairs said in Brazil that India does not want to play a second fiddle or a role of smaller brother in the matters of the proposed bank.Officials f...

Enough stocks of sugar available, says govt

Government on Tuesday said that there is enough stocks of sugar is available in the country.This information was given by the Minister of State for Food and Public Distribution, Raosaheb Patil Danve in the Lok Sabha.He said, sugar production in the country during last three sugar seasons as well as ...

SEBI issues fresh warnings to safeguard Indian markets from terrorist financing risks

Oil prices mixed in Asian trade

Oil prices were mixed in Asia today as investors await congressional testimony by the US central bank chief for fresh clues about the state of the world's biggest economy. US benchmark West Texas Intermediate for August delivery rose one cent to 100.92 Dollars while Brent crude for August e...

WTO faults US over imposing import duties on Indian steel products

The World Trade Organisation has backed some key claims made by India against the UScountervailing duties on certain steel products. A WTO dispute settlement panel said yesterday that the United States broke global trade rules by slapping import duties on Indian steel products. The panel said, the U...