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30 Sep 2016

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Delhi, Sept. 28: The income tax department has been directed to accept declarations without PAN under the black money compliance window, but ensure that the unique number is later obtained by the entity concerned. The Central Board of Direct Taxes has asked tax sleuths to ask such declarants to attach a separate application in the Income Declaration Scheme form for allotment of a fresh PAN to them...
Source : Telegraphindia | 3 Hour(s) AgoCategory : Business
government today expressed confidence of a better performance in the World Bank's ranking of countries on the basis of ease of doing business as well as rating upgrade - after India climbed 16 notches to the 39th spot on the World Economic Forum's global competitiveness index.Although global bodies follow their own procedure, they will certainly take into account the jump in India's ranking in the...
Source : Telegraphindia | 3 Hour(s) AgoCategory : Business
Securities and Exchange Board of India (Sebi) today allowed options trading in the commodity derivatives market.An option is a contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specific price on or before a certain date.A futures contract is an agreement between two parties where a buyer agrees to purchase an underlying asset at a specific ti...
Source : Telegraphindia | 3 Hour(s) AgoCategory : Business
equity."The Union cabinet under the chairmanship of Prime Minister Narendra Modi has given its approval for closure of Hindustan Cables, Calcutta, under the provisions of the Companies Act, 1956/2013, Industrial Disputes Act, 1947 and other relevant Acts," a statement said.The disposal of assets, it added, will be according to the guidelines of the department of public enterprises with regard to t...
Source : Telegraphindia | 3 Hour(s) AgoCategory : Business
cabinet today allowed a consortium of Indian Oil Corporation (IOC), Oil India and Bharat Petroleum Corporation Ltd (BPCL) to buy stakes in two Russian oilfields for $3.14 billion."The Cabinet Committee on Economic Affairs has given its approval to an Indian consortium comprising Oil India, IOC and Bharat Petro Resources Ltd (a unit of BPCL) to acquire 23.9 per cent in JSC Vankorneft and 29.9 per c...
Source : Telegraphindia | 3 Hour(s) AgoCategory : Business
and Natural Gas Corporation (ONGC) has sought a review of the natural gas pricing formula as the prices are likely to go down to about $2.5 per million British thermal unit (mBtu) from October, hitting the revenues of the state-run explorer.According to oil ministry estimates, prices can drop to $2.25-$2.50 per mBtu from $3.06 on gross calorific value (GCV) basis because of a slump in global price...
Source : Telegraphindia | 3 Hour(s) AgoCategory : Business
UK's trade with the European Union will be "at least as free" after Brexit as it is now, Liam Fox says.The International Trade Secretary said it was in other countries' interests to avoid tariffs which he said would "harm the people of Europe".He also predicted the UK would be a standard-bearer for global free trade and that Brexit represented a "golden opportunity" to forge new links.The UK is un...
Source : BBC | 5 Hour(s) AgoCategory : Business
Matthias Mueller, the chief executive of German car giant VW, says the firm made a 'huge mistake' in using technology in its diesel cars to cheat on emissions tests.The firm is struggling to draw a line under the worst crisis in its 78-year history. Mr Mueller told the BBC's Theo Leggett the firm was seeking to resolve the crisis with the authorities in Europe and the US so it could plan for the f...
Source : BBC | 6 Hour(s) AgoCategory : Business
Germany's second-biggest lender, Commerzbank, is planning to cut 9,600 jobs over the next four years and end dividend payments for the first time., the bank said by the end of 2020 it would have "sustainably increased its profitability".However, the bank also said it aimed to create 2,300 new posts in areas where its business was growing.Commerzbank's strategy for achieving this will be debated by...
Source : BBC | 6 Hour(s) AgoCategory : Business
With the festive...
Source : Merinews | 7 Hour(s) AgoCategory : Business
Jim Yong Kim has been re-appointed for a second five-year term as World Bank president, beginning July 1, next year.The...
Source : DDINews | 8 Hour(s) AgoCategory : Business
Under Ujjwala Yojana Government aims at Distributing LPG connections among 5 Crore BPL households all across the country by 2018-19.Ujjwala yojana was launched in Jammu and Kashmir.Petroleum Natural gas minister Dhramendra Pradhan handed over the LPG connections to the beneficiaries.Pradhan Mantri Ujjwala Yojana meant for LPG connection has been launched in Jammu and Kashmir.State chief minister ...
Source : DDINews | 8 Hour(s) AgoCategory : Business
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