Business

November 22, 2015 5:19 PM

ASEAN countries decide to form ASEAN Economic Community

ASEAN leaders today declared the establishment of an EU-style regional economic bloc, ASEAN Economic Community (AEC). The AEC envisages a single market with a free flow of goods, capital and skilled labour in the region. It will integrate Southeast Asia's diverse economies, a region with 62...

November 22, 2015 2:24 PM

Indo-Pak business forum meet deferred on security grounds

The two-day meeting of business leaders from India and Pakistan, which was slated for the 30th of this month in Delhi, has been deferred due to security concerns raised by the neighbouring country. Quoting sources in the Pakistan High Commission, PTI reports that the members of the delegation have r...

November 22, 2015 8:20 AM

NITI Aayog to engage in dialogue with China's think tank DRC

A team led by NITI Aayog vice-chairman Arvind Panagariya will engage in a dialogue with China's Development Research Centre (DRC) from tomorrow. The two-day China-India Development Roundtable 2015 will be held in Beijing. It will be the first dialogue between NITI Aayog and the DRC after th...

November 21, 2015 8:26 AM

Delhi Govt. makes an upward revision in VAT on Aviation Turbine Fuel

Flying out of the national capital might become costlier marginally with the Delhi government making an upward revision in the Value Added Tax on Aviation Turbine Fuel. The VAT has been increased from existing 20 per cent to 25 percent with effect from 16th of this month, according to a notification...

November 21, 2015 8:01 AM

Govt. unveils detailed roadmap to phase out tax exemptions for corporate sector

Government has unveiled a detailed roadmap to phase out tax exemptions for the corporate sector and bring down its tax rate from 30 to 25 percent. Finance Ministry said in a release that Profit linked, investment linked and area based deductions will be phased out for both corporate and non-corporat...

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