Sunday , 24 March 2019
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Cos failing to comply with Aadhaar Act norms may be liable for up to Rs 1-cr fine

PTI   NEW DELHI The government has proposed a penalty of up to Rs 1 crore on entities that violate the provisions of the Aadhaar Act, with an additional fine of up to Rs 10 lakh per day in case of continuous non-compliance, sources said. Amid privacy concerns over Aadhaar, amendments have been planned in the Act, under which the ... Read More »

Welcome changes in GST, it still remains work in progress

By D M Deshpande The GST Council has preferred an incremental reform and rationalisation of taxes. It has decided to lower rates of 23 goods and services; this covers a range of white goods and services-cinema tickets, refrigerators, computers, televisions etc. The move has been hailed as advance New Year’s gift to the citizens of India. Yet, the highest rate ... Read More »

Bourses begin 2019 on bullish note; Sensex soars 186 pts

PTI   MUMBAI Indian equity market started the New Year on a positive note, with BSE benchmark Sensex rising over 186 points Tuesday on account of banking stocks rally following the Reserve Bank’s comments that the banking sector is on a recovery path amid receding impaired assets load. The 30-share BSE Sensex closed at 36,254.57, rising 186.24 points or 0.52 ... Read More »

Don’t need RBI’s reserves to meet fiscal deficit: Jaitley

NEW DELHI: Finance Minister Arun Jaitley on Monday made it clear that the government does not need RBI’s reserves to bridge the widening fiscal deficit as the Lok Sabha voted the Supplementary Demands for Grants for 2018-19 to the tune of Rs 85,948.86 crore, including Rs.41,000 crore for bank recapitalisation. Please like & share: Read More »

Railways parking, catering contracts go online to checkmate alleged mafia

NEW DELHI: In a major policy shift, bidding for parking, catering and parcel-leasing – worth about Rs 3,000 crore a year — will be awarded through an e-tendering process as the Indian Railways has decided to do away with paper-based traditional tendering methods. Please like & share: Read More »

Foreign tourists can now fly directly to Andamans

NEW DELHI: Foreign tourists can now directly fly to the Andaman and Nicobar Islands as the government has designated Port Blair airport as an authorised immigration check post for entry into and exit point from India. Please like & share: Read More »

India, Bhutan review development of hydroelectric projects

New Delhi: India and Bhutan on Friday reviewed the progress of hydroelectric projects in the Himalayan kingdom during a meeting between Prime Minister Narendra Modi and his Bhutanese counterpart Lotay Tshering here. Please like & share: Read More »