Business

September 21, 2017 7:29 AM

Businesses deregistering brands for availing GST must file affidavit: Govt

Government says, businesses that want to deregister their brands for availing the benefit of lower GST will have to file an affidavit before the tax commissioner about forgoing the rights.A finance ministry statement said, the businesses will also have to print in indelible ink on containers in whic...

September 21, 2017 7:26 AM

Govt to introduce 'Food Street' at global food fair in New Delhi

Government has said, it will introduce a curated food experience zone 'Food Street' at the global food fair in November in New Delhi. Talking to reporters, Food Processing Minister Harsimrat Kaur Badal said that the aim of this food event is to attract more investment in the food p...

September 21, 2017 7:25 AM

Insolvency & Bankruptcy Code to evolve to its full potential: IBBI Chairman

Insolvency and Bankruptcy Board of India Chairman MS Sahoo has said that the Insolvency and Bankruptcy Code (IBC) will evolve gradually to its full potential and one of its main objective is to maximize the value of assets of corporate borrowers. He was addressing a seminar on IBC organized by PHD C...

September 21, 2017 6:10 AM

Govt sets terms for business deregistering brands for lower GST

Government says, businesses that want to deregister their brands for availing the benefit of lower GST will have to file an affidavit before the tax commissioner about forgoing the rights.A finance ministry statement said, the businesses will also have to print in indelible ink on containers in whic...

September 21, 2017 6:06 AM

Bankruptcy code to evolve gradually to full potential: IBBI chairman

Insolvency and Bankruptcy Board of India Chairman MS Sahoo has said that the Insolvency and Bankruptcy Code (IBC) will evolve gradually to its full potential and one of its main objective is to maximize the value of assets of corporate borrowers. He was addressing a seminar on IBC organized by PHD C...

September 20, 2017 4:40 PM

Sensex closes with nominal loss of 2 points

The Sensex at the Bombay Stock Exchange closed with a nominal loss of 2 points, at 32,401, on Wednesday. The Nifty at the National Stock Exchange fell just 6 points, to 10,141.

September 20, 2017 12:23 PM

FM Arun Jaitley reviews state of economy

Finance Minister Arun Jaitley reviewed the state of economy, including export scenario and infrastructure spendings in New Delhi yesterday, as the government looks to perk up economic activity to boost growth. Sources said the prime focus of the Government is on sectors and industries that create jo...

September 19, 2017 2:16 PM

Sensex lost ground after positive opening

At the stock markets, after a positive opening, the Sensex at the Bombay Stock Exchange lost ground, and after moving between losses and gains, had climbed 42 points, to 32,466. The Nifty at the National Stock Exchange had added 10 points, to 10,163. Earlier in the morning, the Nifty had touched a n...

September 19, 2017 12:43 PM

Petroleum products should come under GST: Dharmendra Pradhan

Petroleum Minister Dharmendra Pradhan says it is high time that the GST Council should consider bringing the petroleum products in the ambit of the Goods and Services Tax.Speaking after the meeting heads of state-run oil firms, Mr Pradhan said 42 per cent of excise collections are transferred to sta...

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