Shah panel's advice to grant relief to FIIs on MAT positive for market: Jayant Sinha

Union Minister of State for Finance, Jayant Sinha on Saturday said the AP Shah Committee's recommendation to grant relief to FIIs on Minimum Alternate Tax (MAT) will be a positive for the market. He said this to reporters at the Indian Institute of Science in Bangalore.Sinha is also said th...

Steel sector needs to be strengthened and preserved: Finance Minister

Finance Minister Arun Jaitley has said steel sector needs to be strengthened and preserved as consumption will increase with rapid growth in Indian economy. Speaking at a function in New Delhi this morning, Mr Jaitley said, adverse global cues in the steel sector only a transient trends and India ha...

Top indirect tax officials to meet in New Delhi for two days; FM to deliver keynote address <br/>

Top indirect tax officials will meet in New Delhi for two days from Monday to discuss issues related to taxpayers services, ease of doing business, GST and centre&apos;s Make in India drive. The Finance Minister will Inaugurate the two-day annual conference of the Chief Commissioners and Directo...

94 channels spread over 56 cities provisionally won bidding on 20th day of e-auction of third phase of FM Radio

On the 20th day of e-auction of third phase of FM Radio, 94 channels spread over 56 cities, provisionally won the bidding. The auction fetched cumulative price of around 1,130 crore rupees against the aggregate reserve price of about 459 crore rupees. So far, 80 rounds of bidding are over. The first...

Kharif crops sown in 938 lakh hectare till date as against 929 lakh hectare last year

Kharif crops have been sown in 938 lakh hectare till date as against 929 lakh hectare last year. Data released by the Agriculture Ministry reveals that the Rice has been sown in over 333 lakh hectare which is about two lakh hectare more than the last year. About 101 lakh hectare area have been cover...

IRDA laud insurance schemes launched by Prime Minister

Stock markets in US suffer a sharp decline Friday night

Stock markets in US suffered a sharp decline Friday night. Shares plunged on Wall Street, with the Dow Jones, Nasdaq and S&amp;P 500 indexes all down more than 3 per cent by the close. The S&amp;P 500 suffered its biggest daily percentage drop in nearly four years losing 64.8 points, or 3.19...

RBI allows banks to extend repayment period of farm loans upto 5 years if 50 percent crop is damaged due to natural calamities<br/><br/>

Reserve Bank of India, RBI, has allowed banks to extend repayment period of farm loan upto 5-years in case 50 percent crop is damaged due to natural calamities like drought and flood. In a notification issued from Mumbai Friday, RBI said if crop damage is 33 percent, then loan repayment period can b...

RBI allows banks to extend repayment period of farm loan upto 5-years in case 50 percent crop damaged due to natural calamities

Reserve Bank of India, RBI, has allowed banks to extend repayment period of farm loan upto 5-years in case 50 percent crop is damaged due to natural calamities like drought and flood. In a notification issued from Mumbai Friday, RBI said if crop damage is 33 percent, then loan repayment period can b...

CCI to facilitate electronic filing of documents with effect from October 1

Competition Commission of India, CCI will facilitate electronic filing of documents with effect from October 1. Speaking to reporters in Mumbai Friday, CCI Chairman Ashok Chawla said the arrangements for e-filing are almost complete and the move will help in faster disposal of merger and acquisition...