Business

May 7, 2015 12:16 PM

GST to create new indirect tax regime passed by Lok Sabha

The Lok Sabha has passed the Goods and Services Tax Bill rejecting opposition demand for sending it to the Standing Committee. Being a Constitution Amendment Bill, it was passed by two thirds majority of the members present and voting. The Goods and Services Tax is proposed to be implemented from 1s...

May 7, 2015 8:57 AM

Many CPSEs not complying with corporate governance norms: CAG

Comptroller and Auditor General, CAG has said that a large number of central public sector enterprises, CPSEs were not complying with compulsory corporate governance guidelines prescribed by the Department of Public Enterprises. Observing a departure from mandatory corporate governance norms, CAG fo...

May 7, 2015 8:56 AM

CAG finds irregularities in Centre's agriculture scheme RKVY

The Comptroller and Auditor General has found several irregularities, including fund diversion, in the implementation of Centre's flagship programme Rashtriya Krishi Vikas Yojana, RKVY by state governments from 2007 to 2013. The CAG in its report laid in Parliament said, financial managemen...

May 7, 2015 8:56 AM

Central excise arrears rise to Rs 59,309 cr in FY'14: CAG

Comptroller and Auditor General, CAG in its audit report has said that tax arrears towards central excise rose to Rs 59,309 crore in 2013-14, from Rs 45,463 crore a year ago. In its report on Indirect Taxes tabled in Parliament , CAG showed that arrears have been rising since 2011-12. At the end of ...

May 6, 2015 2:26 PM

Central excise arrears rise to Rs 59,309 cr in FY'14: CAG

Comptroller and Auditor General, CAG in its audit report has said that tax arrears towards central excise rose to Rs 59,309 crore in 2013-14, from Rs 45,463 crore a year ago. In its report on Indirect Taxes tabled in Parliament yesterday, CAG showed that arrears have been rising since 2011-12. At th...

May 6, 2015 1:55 PM

CAG finds irregularities in Centre's agriculture scheme RKVY

The Comptroller and Auditor General has found several irregularities, including fund diversion, in the implementation of Centre's flagship programme Rashtriya Krishi Vikas Yojana, RKVY by state governments from 2007 to 2013. The CAG in its report laid in Parliament yesterday said, financial...

May 6, 2015 10:55 AM

Many CPSEs not complying with corporate governance norms: CAG

Comptroller and Auditor General, CAG has said that a large number of central public sector enterprises, CPSEs were not complying with compulsory corporate governance guidelines prescribed by the Department of Public Enterprises. Observing a departure from mandatory corporate governance norms, CAG fo...

May 5, 2015 8:12 PM

Eurozone economic growth picking up: Report

Eurozone economic growth will be slightly stronger this year than previously forecast. According to the European Commission's latest forecast it predicts 1.5 per cent growth this year, up 0.2 percentage points from its forecast in February, thanks to cheaper oil, a weak euro and stimulus me...

May 5, 2015 2:11 PM

India has potential to grow at 9 to 10%: Arun Jaitley

Finance Minister Arun Jaitley has said that the government has initiated a large number of reforms in its first year of governance to encourage investments and the country has the potential to grow at 9 to 10 per cent. In an interview to TV channel in Baku, capital city of Azerbaijan, he said, to ac...

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