Business

February 16, 2016 5:02 PM

SC asks RBI to give list of defaulters of over Rs 500 cr loan

The Supreme Court today directed the RBI to provide a list of companies which are defaulters of bank loans of over Rs 500 crore. The Apex Court, expressing serious concern over the rise in bad loans, also asked RBI to provide within six weeks the list of companies whose loans have been restructured ...

February 16, 2016 2:10 PM

Tax dept resolves disputes amounting to Rs 5000 cr with foreign companies

The tax department today said it has resolved disputes amounting to 5000 crore rupees with foreign companies under the Mutual Agreement Procedure in about two years time. The Central Board of Direct Taxes, CBDT, said in a statement that cases have been resolved with countries including the US, Japan...

February 16, 2016 12:56 PM

MSME plays important role in country's economic growth: Kalraj Mishra

Minister for Micro, Small and Medium Enterprises Kalraj Mishra has stressed upon the quality of products of Micro Small and Medium Enterprises. Speaking during the Make in India Week in Mumbai today, he said that the government is trying to provide all types of facilities to this sector under ease o...

February 16, 2016 10:05 AM

Portal to collect non-tax receipts launched

Finance minister Arun Jaitley has launched a portal to electronically collect over 2 trillion rupees annually in non-tax receipts from sources such as dividends by state-owned firms, the Reserve Bank of India and spectrum fee. Inaugurating the Non-Tax Receipt Portal, NTRP yesterday, Mr Jaitley said,...

February 15, 2016 5:29 PM

India GDP likely to clock 7.8% growth in 2016: Nomura<br/>

India&apos;s industrial recovery process is likely to be gradual, however, the country is likely to have GDP growth of 7.8 percent in the next fiscal, says a report by Nomura. According to the company, the industrial production data suggests that growth momentum, including investment demand, slo...

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