NCLT admits insolvency plea against Parsvnath Landmark Developers, appoints RP

NCLT admits insolvency plea against Parsvnath Landmark Developers, appoints RP

Monday, 14 January 2019 | PTI | New Delhi

The National Company Law Tribunal (NCLT) has admitted the insolvency plea against Parsvnath Landmark Developers, filed by three of its flat builders, for inordinate delay and non-refund of their payment. The tribunal has also appointed Yash Jeet Basrar, an interim resolution professional (RP), to run the corporate insolvency resolution process of...

RBI net-seller of dollars in Nov, unwinding $ 644 mn

Monday, 14 January 2019 | PTI | Mumbai

The Reserve Bank remained a net seller of dollars in November 2018, as it sold $644 million of the greenback on a net basis in the spot market, according to the latest data from the Central bank. As against this, in November 2017, the Central bank had purchased $2.570 billion from...

Govt working on bilateral trade pacts to push exports: Prabhu

Govt working on bilateral trade pacts to push exports: Prabhu

Sunday, 13 January 2019 | PTI | Mumbai

Given the rising challenge to the free trade, Commerce and Industry Minister Suresh Prabhu said Sunday that while the aim is to open up more for free trade and make WTO more efficient, the government is also keen to work on bilateral trade with more nations. "One of the big challenges...

3.3% fiscal deficit target for 2018-19 likely to be breached, say experts

3.3% fiscal deficit target for 2018-19 likely to be breached, say experts

Sunday, 13 January 2019 | PTI | New Delhi

Meeting the fiscal deficit target of 3.3 per cent of GDP for the current fiscal could be a challenge for the government, given the shortfall in GST collections, rising expenditure and slowing factory output, say experts. Moreover, some populist announcements by the government to woo voters ahead of general elections would...

Ficci for cut in corporate tax rate in Budget

Ficci for cut in corporate tax rate in Budget

Sunday, 13 January 2019 | PTI | New Delhi

Industry chamber Ficci Sunday recommended the government to cut corporate tax rate across the board to 25 per cent irrespective of turnover in the forthcoming Budget to spur economic growth and increase overall tax collections. The chamber has also suggested revision in the tax slabs for the individual taxpayers with the...

Sushil Modi to head GoM on GST revenue shortfall faced by states

Sushil Modi to head GoM on GST revenue shortfall faced by states

Sunday, 13 January 2019 | PTI | New Delhi

Bihar Deputy Chief Minister Sushil Modi will head the seven-member committee to look into revenue shortfall being faced by the states after the GST roll-out, and suggest steps for augmenting collections, a GST Council notification said. The GST Council, headed by Finance Minister Arun Jaitley and comprising state ministers, had on...

District-focused approach to boost GDP growth faster: Prabhu

District-focused approach to boost GDP growth faster: Prabhu

Saturday, 12 January 2019 | PTI | Mumbai

The government wants to focus on the districts as part of a bottoms-up approach for boosting growth, industry minister Suresh Prabhu said here Saturday. The idea is to focus on one district at a time and increase its GDP growth by 3-4 percentage points annually, which will help increase the national...

Air India's passenger revenue grows by 20 pc in Q3 of 2018-19

Air India's passenger revenue grows by 20 pc in Q3 of 2018-19

Saturday, 12 January 2019 | PTI | New Delhi

While Air India's passenger count rose by only 4 per cent in the December 2018 quarter, its revenue from passengers increased by 20 per cent on the back of better aircraft utilisation, said a senior official of the company. "Due to better and efficient utilisation of aircraft fleet, the passenger revenue...

Sunday Edition

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Bangladesh PM Hasina says Govt will work for all

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