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Economy

No new taxes proposed in Delhi budget; subsidy to small power consumers

No new taxes proposed in Delhi budget;…

New Delhi, Jul 19 (KNN) Proposing the Budget 2014-15 for the national capital, Finance Minister Arun Jaitley said no new tax has been proposed in Delhi.  He…
Individuals, micro institutions can set up payments banks

Individuals, micro institutions can set up payments…

Mumbai, Jul 18 (KNN) The RBI may consider granting licences for payment banks to resident individuals, societies, NBFCs and micro finance institutions among…
Govt withdraws incentive on export of skimmed milk powder

Govt withdraws incentive on export of skimmed…

New Delhi, Jul 17 (KNN)  As the milk prices are increasing, the government has withdrawn the incentive on export of skimmed milk powder, a move which…
Learn from NBFCs in funding MSMEs: RBI to banks

Learn from NBFCs in funding MSMEs: RBI…

Hyderabad, Jul 17 (KNN) The non-banking finance companies (NBFCs) in south India have managed to find an answer to “skirt around” the hurdles of…
India's overall exports increase by 9.31%; jute, handloom, spices show decline

India's overall exports increase by 9.31%; jute,…

New Delhi, Jul 16 (KNN) India’s cumulative export for the period April-June, 2014-15 has grown by 9.31 per cent, bringing the country’s trade deficit…
Tourism, entertainment to cost more in Rajasthan

Tourism, entertainment to cost more in Rajasthan

Jaipur, Jul 15 (KNN)  Rajasthan Chief Minister, Vasundhara Raje in her budget speech has proposed 30 per cent entertainment tax on cinemas and multiplexes,…
Industry captains welcome Union Budget 2014-15: Survey

Industry captains welcome Union Budget 2014-15: Survey

New Delhi, Jul 15 (KNN)  A whopping 85 per cent of CEOs belonging to sectors such as real estate and building, infrastructure, IT and ITes, renewable…
Bansal Roofing Products & Oasis Tradelink get listed on BSE SME

Bansal Roofing Products & Oasis Tradelink get…

Mumbai, Jul 14 (KNN)  Bansal Roofing Products Limited and Oasis Tradelink Limited get listed on the BSE SME platform today, taking the total number of…
CBDT warns taxpayers against phishing mails

CBDT warns taxpayers against phishing mails

New Delhi, Jul 14 (KNN) The Central Board of Direct Taxes (CBDT) has warned taxpayers to beware of phishing mails sent on behalf of the income tax department…
Budget has devils in tax details; huge hikes in penal interest, says industry body

Budget has devils in tax details; huge…

New Delhi, Jul 14 (KNN) There is no justification for a huge increase in interest rate to 30 per cent from 18 per cent on delay in payment of service tax and…