Aadhaar mandatory for filing ITR to avoid tax evasion: Jaitley

Thursday, 23 Mar 2017 | PTI | New Delhi

Making Aadhaar number mandatory for filing of Income Tax returns is necessary to curb tax evasion and frauds, the Government said on Wednesday while rejecting the opposition demand for a relook at the move. Finance Minister Arun Jaitley replied in the affirmative when a BJD member questioned in the Lok...

Avail PMGKY or face action: I-T warns defaulters

Thursday, 23 Mar 2017 | PTI | New Delhi

With the black money window of PMGKY set to close soon, the I-T department today warned the stash holders to avail the scheme or face stringent action under Benami laws, adding that the defaulters’ names will also be shared with the central probe agencies. “The Pradhan Mantri Garib Kalyan Yojna (PMGKY)...

ONGC seeks gas price review; wants floor rate fixed at $4.2

Thursday, 23 Mar 2017 | PTI | New Delhi

State-owned Oil and Natural Gas Corp (ONGC) has sought a review of the natural gas pricing formula as rates have dropped below cost. India’s largest natural gas producer demanded a floor or minimum price of natural gas be fixed at $4.2 per million British thermal unit for the business to make...

D-Mart’s market debut propels Damani into India’s richest-20

Thursday, 23 Mar 2017 | PTI | New Delhi

Radhakishan Damani, the founder of Avenue Supermarts and a low-profile investor, has made his way into India’s richest 20 club with a blockbuster listing of his company that runs D-Mart retail chain. With the listing at a premium of over 114 per cent, the shares controlled by 61-year-old Damani, including through...

Cabinet approves policy for extending oilfield contracts

Thursday, 23 Mar 2017 | PNS | New Delhi

The Cabinet on Wednesday approved a policy for granting extension to licences of oil and gas fields like that of Cairn India, on payment of an additional 10 per cent profit share. The policy covers blocks like Rajasthan oilfields of Cairn India which were awarded prior to advent of New Exploration...

Ranga says Make in India an ‘old idea’, focus needed on infra

Thursday, 23 Mar 2017 | PTI | Ahmedabad

Former Reserve Bank Governor C Rangarajan on Wednesday termed the Government’s flagship ‘Make in India’ programme as an “old idea”, and stressed on the need to have adequate infrastructure for it to succeed. “The idea of Make In India for India is an old idea. But what you really want...

Aftermarket auto component industry to reach $13 bn by 2020: ACMA

Thursday, 23 Mar 2017 | Rakesh Bihari Jha | New Delhi

THE Apex body of Indian auto component industry Automotive Component Manufacturers Association of India (ACMA) says aftermarket will reach $13 billion by 2020 from the current $8.4 billion. “Though in the long term aftermarket auto component industry is expectd to reach $32 billion by 2026 but by 2020 it is going...

Sensex registers biggest fall since Dec on global worries

Thursday, 23 Mar 2017 | PNS | Mumbai

In its biggest single-day fall in over three months, the BSE Sensex on Wednesday plunged by 318 points to close at a nearly two-week low of 29,167.68 as investors cut down exposure amid weak global cues. Consumer durables, auto, FMCG, metal and banking stocks fell the most, while a depreciating...

SBI advises some 100 Snapdeal sellers to cut outstanding loans

Thursday, 23 Mar 2017 | PTI | Bengaluru

The State Bank of India has sent advisories to nearly 100 sellers, coming under online marketplace Snapdeal’s capital-assist programme, to reduce their outstanding loans above their drawing power. The advisory comes following a letter written by All India Online Vendor Association (AIOVA) to Union Commerce Minister Nirmala Sitharaman, raising fears...

Rupee retreats from 17-month high, down 14 paise to 65.44

Thursday, 23 Mar 2017 | PNS | Mumbai

The rupee came under a renewed selling pressure and retreated from a nearly 17-month high to end at 65.44, falling by 14 paise against the American unit on fresh dollar demand from importers. Overall forex market sentiment turned sour after fresh bouts of global jitters took the centre-stage in the midst...


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Cutting the cord

26 Mar 2017 | Kushan Mitra

The advent of online streaming services that can stream content directly to your television screen is making the argument for cutting the cable connection more and more convincing, believes Kushan Mitra Is it time to cut the cable? In the past year and a half, online television streaming services Hotstar Premium, Netflix and Amazon Prime Video have launched their services in India. There is also Voot from Viacom18 and Sony LIV...

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Adiyanath asks party workers not to opt contractual work

27 Mar 2017 | PNS | Lucknow

Asking party workers not to opt for contractual work in government sector Chief Minister Adityanath Yogi said that UP’s face will change in next two months as people have reposed faith on us and it is workers’ responsibility to ensure BJP fulfills all poll promises. “I appeal to the party workers and family members of law makers not to seek contract of government department...

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