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B & C

Auto dealers look for festivals to revive sales

Automobile dealers in the state are disappointed as the promised cut in road tax is not taken place.  At the start of the month, the state’s transport minister, had said that the road tax would be slashed by 50 per cent for a period of three months to boost the sluggish local automobile market. But presently it looks like the …

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Housing sales dip in July-September quarter

Housing sales declined 18 per cent to 55,080 units during the July-September period across seven major cities as buyers were cautious in making property investments, according to real estate services firm Anarock.   Housing sales stood at 67,140 units during the same period a year ago across seven cities, Delhi-NCR, Mumbai metropolitan region, Kolkata, Chennai, Bengaluru, Pune and Hyderabad. “Around …

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Maruti hopes for festive season splash with S-Presso

Maruti Suzuki’s festive season launch is the much-awaited S-Presso, a mini-SUV and a make in India product. The car is targeted at the Indian market and the world. It is built on the 5th generation Heartect platform and uses 40 per cent high tensile steel for stronger, safer and sturdier structure.  According to the company, the S-Presso is packed with …

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Architecture: A profession for forming and shaping spaces

On World Architecture Day, Chandan Parab, architect writes on the profession of architecture and the role of architects in society Architecture is both the process and the product of planning, designing, and constructing buildings or any other structures. Architectural works, in the material form of buildings, are often perceived as cultural symbols and as works of art. Historical civilizations are often …

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What next for PMC Bank customers in Goa?

On Tuesday, September 24 depositors of PMC Bank in Goa were in a state of panic when the RBI imposed embargo on the bank and limited withdrawals to Rs 1,000 per account holder. The RBI also restricted the bank from lending or investment activities.   Depositors of PMC bank had no inkling of any trouble within the bank. The RBI …

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Striking it big with Goan identity

Cheers to Goan company Oldgoa Oils & Foods- Mogo for bagging the Economic Times award for the best food processing and packaging company 2019-20, reports Shoma Patnaik Verna based Oldgoa Oils & Foods- Mogo, made it to the national stage on Saturday, September 27, after winning the Economic Times award for the best food processing and packaging company 2019-20.   …

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Will e-assessment of tax returns be boon or bane?

By Shivanand Pandit Tax payers will soon have faceless scrutiny of their tax returns through the E-assessment Scheme 2019. The scheme involves electronic assessment of returns by the income tax department. It is a part of government’s attempts to erase the probabilities of corruption by eliminating human interaction. However, personal representation is permitted in certain circumstances viz. only while petitioning …

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Sharp cut in taxes to revive sagging economy

By DM Deshpande In a bold move, the government announced sharp reduction in corporate taxes to a level of 22 per cent for those domestic firms that do not avail any fiscal concessions. Industry, for quite some time, was lobbying for a cut in corporate tax to 25 per cent and the government decided to pleased industry and the stock …

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Government asks PSUs to clear overdue payments by October 15

The government is asked to public sector units (PSUs) to clear dues by October 15 to boost economic growth. State-owned companies have also been asked to set up a portal where service providers, vendors and contractors can track bills and payments so that liquidity crunch is mitigated.   The government set October 15 as the deadline for central PSUs to …

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Approaching retirement with freedom and peace

By Tensing Rodrigues “Retirement is not a number. Not an age and not an event,” said Larissa Fernand of Morningstar.  It is not about how many rupees you have under your cushion for your golden age and it is not an age at which you are compelled to say bye to your desk or handover the keys of the safe …

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