Vodafone gets IT reminder to pay up Rs 14,200-crore tax dues

The Income Tax Department has issued a reminder to Vodafone over its 14,200-crore rupees tax demand. On 4th of this month, the Department had sent a notice to Vodafone International Holdings BV in this regard. The tax is due from the acquisition of 11 billion dollar Hutchison Whampoa's Indi...

Oil prices fall despite Saudi Arabia, Russia agree to freeze oil output

Oil prices fell yesterday despite Saudi Arabia and Russia agreeing to freeze oil output at January levels if other producers follow suit. The announcement came after ministers from the two nations met in Doha along with their counterparts from Venezuela and Qatar. Brent crude, which had risen more t...

States fetching big investments in Make in India Week

States are fetching big investments at the investor meets being held in the Make in India Week in Mumbai. AIR correspondent reports that four states are organizing investor meets today.Odhisha has attracted investment to the tune of 70 thousand crore rupees in the Make in India Week in Mumbai in jus...

Pvt sector can pick up 25% share of defence production: AK Gupta

Defence Production Secretary AK Gupta has said that private sector manufacturers have an opportunity to pick up a 25 per cent share of defence production in the country. Addressing a seminar on defence at Make in India Week in Mumbai, he said around 25 per cent of the defence Public Sector Unit turn...

Govt cuts interest rate on small post office schemes by 0.25%; PF to earn more

Government has cut interest rates by 0.25 per cent on short-term post office deposits, Kisan Vikas Patras and other small saving schemes below five years of maturity. However, it left social security schemes such as Sukanya Samriddhi Yojana, the Senior Citizen Savings Scheme, long term Monthly Incom...

RBI to undertake incognito visits to banks to track customer dealings

Pvt sector can pick up 25% share of defence production: AK Gupta

Defence Production Secretary AK Gupta has said that private sector manufacturers have an opportunity to pick up a 25 per cent share of defence production in the country. Addressing a seminar on defence at Make in India Week in Mumbai, he said around 25 per cent of the defence Public Sector Unit turn...

Tax collections reach 72% of target at Rs 5.74 lakh crore

Income Tax Department has mopped up 5.74 lakh crore rupees as direct taxes so far this fiscal from across the country, achieving over 72 per cent of its target of 7.96 lakh crore rupees for 2015-16. Central Board of Direct Taxes (CBDT) Member Surabhi Sinha said on the sidelines of Make In India week...

PF interest revised upwards to 8.8%

Vodafone gets IT reminder to pay up Rs 14,200-crore tax dues

The Income Tax Department has issued a reminder to Vodafone over its Rs 14,200-crore tax demand.On 4th of this month, the Department had sent a notice to Vodafone International Holdings BV in this regard. The tax is due from the acquisition of11 billion dollar Hutchison Whampoa's India tele...