NCLT admits insolvency plea against Parsvnath Landmark Developers, appoints RP
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...
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FinMin considers steps to prevent composition dealers from charging GST from buyers
14 January 2019 | PTI -
Incense industry to grow at 20-25% in 2019: AIAMA
14 January 2019 | PNS -
3.3% fiscal deficit target for 2018-19 likely to be breached, say experts
14 January 2019 | PTI -
64% Indians not equipped to handle home safety: survey
14 January 2019 | PNS -
Business Corner
14 January 2019 | Agencies -
NTPC seeks more NCL coal under flexi scheme
14 January 2019 | PTI -
Govt re-promulgates ordinance to amend companies law
14 January 2019 | PTI
RBI net-seller of dollars in Nov, unwinding $ 644 mn
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
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
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
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
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
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
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...
