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June 10, 2015 12:05 PM
The Finance Ministry has said, restaurants without air conditioning facility will not charge any service tax from the customers while the ones with ACs will charge only on the 40 per cent of the total bill amount. Restaurants, eating-joints or messes, which do not have the facility of air-conditioni...
June 10, 2015 9:18 AM
According to a World Bank report, India has figured in top five emerging economies for highest investment commitments in private sector, infrastructure sectors - energy, transport and water. India has figured in the list despite a drop in investment commitments of 6.2 billion dollar last year.Accord...
June 10, 2015 8:16 AM
Coal Secretary Anil Swarup has said that Coal India Limited (CIL) is likely to increase its production by over 60 million tonne in the current financial year on account of measures taken by the state-run firm. At a select media interaction in Mumbai, Swarup said , the steps taken by the company to i...
June 10, 2015 7:54 AM
Maharashtra government has decided to create a non-banking financial services (NBFS) institution to use the surplus money lying with the state-run corporations. Maharashtra Finance Minister Sudhir Mungantiwar said in Mumbai, about 40,000 crore rupees are lying idle in the bank accounts of these corp...
June 9, 2015 9:08 PM
Finance Minister Arun Jaitley has strongly rebutted the claims of Congress Party that Congress ruled States have been discriminated against by the Centre. In a tweet, Mr Jaitley said, total tax devolution to the nine Congress ruled States during thirteenth finance commission from 2010 to 2015 was mo...
June 9, 2015 5:56 PM
The Finance Ministry said today that restaurants without air conditioning facility will not charge any service tax from the customers while the ones with ACs will charge only on the 40 per cent of the total bill amount. Restaurants, eating-joints or messes, which do not have the facility of air-cond...
June 9, 2015 11:54 AM
The Reserve Bank has allowed banks to take control of debt-laden companies by converting loans into equity if a debt restructuring fails to revive them within a stipulated time frame. As per an RBI notification, allowing loan conversion will now be a pre-condition for all debt restructuring deals. A...
June 8, 2015 8:34 PM
Minister of State for Finance Jayant Sinha has said that the e-commerce sector will grow at a rate of 10 to 15 per cent annually, higher than the GDP growth rate, in coming years. Speaking at the Express Industry Council of India conference in New Delhi today, Mr Sinha said, the economy will more th...
June 8, 2015 2:29 PM
Oil prices fell in Asia today after Organisation of the Petroleum Exporting Countries (OPEC) decided to maintain its high output levels. US benchmark West Texas Intermediate for July delivery fell 59 cents to 58.54 dollar while Brent crude for July eased 56 cents to 62.75 dollar in mid-morning trade...
June 8, 2015 11:36 AM
Chinese imports decreased for a seventh straight month in May while exports also decreased. The General Administration of Customs said in a statement that the Imports decreased 17.6 per cent year on year to 131.26 billion US Dollars. Customs said that the Exports decreased for the third consecutive ...
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Last Updated: 11th Jun 2026
