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Two tax systems give flexibility, widen people’s choice: Rev Secy

New Delhi: Stating that most countries have multiple slabs and gradual increase in tax brackets to minimise the scope of under-reporting of income, Revenue Secretary Ajay Bhushan Pandey said that the new system is simple and gives more choice to taxpayers. The top revenue officer said that a taxpayer would not need to keep track of various investments made in …

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Interest of LIC policyholders will be protected, says Anurag Thakur

New Delhi: The government will protect the interest of policyholders of LIC, which is likely to go public in the next financial year, Minister of State for Finance Anurag Thakur has said. Listing of LIC will help bring in greater transparency, public participation and also deepen the equity market, he said. “Government came out with the idea (LIC listing). The …

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Kinetic Green to leverage BPCL outlets for EV battery swap

Chennai: Electric vehicle maker Kinetic Green Energy and Power Solutions Ltd on Monday said it has signed an agreement Bharat Petroleum Corporation Ltd to offer fully charged batteries on swappable basis for its battery operated vehicles through the latter’s petrol bunks. In a statement issued here, Kinetic Green said a two minute battery swap will be deployed by the two …

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Select Indian govt bonds in global indices shortly: DEA Secy

New Delhi: Select Indian sovereign bonds will be included in global indices shortly, as Finance Ministry is in fairly advanced stage to list some specified categories of Government securities in this segment, a senior official has said. India has been seeking inclusion in the global bond index, and featuring on the gauge also indirectly helps the country sell bonds overseas. …

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More paperwork for eatery than buying a gun

IANS New Delhi Obtaining an “eating house license” from Delhi Police needs more documents than those for procuring a gun suggesting how tough it is to do business in India. Noting the difficulty in starting a new venture in India, the Economic Survey 2019-20 has said that Delhi and Kolkata require a ‘Police Eating House License’ and the number of documents for …

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Infosys awarded data privacy certification

IANS Bengaluru Global software major Infosys has been awarded the accredited certification on ISO 27701, the international standard on data privacy by the Bureau Veritas Certification (BVC), said the IT major on Friday. “We are one of the first companies in the world over to have earned the data privacy certification with accreditation,” said the city-based company in a statement. The ISO …

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Focus on education, ease of biz to pace up entrepreneurship: Survey

IANS New Delhi At a time when the entrepreneurial sentiments in the country is subdued, the Economic Survey for the financial year 2019-20 has said that the government needs to focus on increasing the literacy rate and policies for ease of doing business and enhancing the entrepreneurial ecosystem in the country. The survey which was tabled in the Parliament on …

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State faces abundance of cooperative societies: Sawal

NT NETWORK Panaji With the state having too many co-operative credit societies it is the survival of the fittest for   cooperatives in the banking sector, said Naresh Sawal, founder chairman, Pirna Urban Cooperative Credit Society. Speaking on the sidelines of inauguration of the Panaji branch, Sawal said that, the state faces an abundance of credit societies in the city as …

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Shopping festival underway in Margao

NT NETWORK Margao As part of the fund raising activity and to give a better service to the community, the Margao Ambulance Trust has organised a shopping festival which is currently underway till February 2 at the SGPDA, meat market, pick-up parking ground, from 10.30 am to 8.30 pm. The festival was inaugurated in the presence of Margao MLA Digamber …

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IndiGo shareholders reject proposed resolution to amend AoA

IANS New Delhi  Shareholders of InterGlobe Aviation, the firm which runs the airline IndiGo, on Wednesday, rejected a proposed resolution to amend the company’s Articles of Association (AoA). According to the company, the shareholders voted against the proposed resolution at an Extra-Ordinary General Meeting (EGM) which was called on the request of Rakesh Gangwal, and The Chinkerpoo Family Trust (RG …

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