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31 May 2016, 05:39

TCS threshold on purchase of gold jewellery reversed

KOLKATA: In a move that may boost demand for gold jewellery, the government has rolled back its budget decision to apply 1% tax collection at source ( TCS ) on cash purchase of gold jewellery of Rs 2 lakh and above and raised the threshold to the ...
Economic Times, 6 min(s) ago
Also from: Business Standard India, Business Standard

Government notifies panel to look into Delhi Metro fare revision

NEW DELHI: The Centre has notified a panel, headed by a former Delhi High Court judge, for revision of fares for Delhi Metro which will submit its report within three months. "The ministry of urban development has notified the Fare Fixation ...
Economic Times, 29 min(s) ago
Also from: Business Standard India, Business Standard

North America Solid State Transformer Market By Application, by Product, by Component, and by Geography-..

North America Solid State Transformer Market By Application, by Product, by Component, and by Geography- Analysis and Forecas... NEW YORK, May 30, 2016 /PRNewswire/ -- Solid state (smart) transformers have application in several fields, such as ...
ADVFN India, 38 min(s) ago
Also from: Press Release Ping, IT News Online and 2 other sources

India set to retain fastest growing economy tag

* Statistics office to release GDP data at 5:30 pm (1200 GMT) * Survey forecasts growth accelerating to 7.5 pct in March quarter * Cooling inflation, lower interest rates boosts consumer demand * Exports falling, private investment ...
Reuters India, 1 hour(s) ago
Also from: MyIris

Plain packaging for cigarettes will kill industry: Tobacco institute

KOLKATA: The tobacco industry on Monday appealed against India adopting plain packaging norms for cigarettes as suggested by the World Health Organization (WHO), saying such a move will destroy the industry and tobacco farmers in the country. "Any ...
Economic Times, 1 hour(s) ago
Also from: Millennium Post, Economic Times

Bank of Baroda's acquired loans help bank post lower NPAs

MUMBAI: Bank of Baroda acquired loans from various banks for terms running from three to four months, as a consequence of which its gross non-performing assets ( NPAs ) stood at just below 10% in the financial year ended March 2016. That's because ...
Economic Times, 1 hour(s) ago
Also from: BizWire Express, DNA and 8 other sources

Pricol revenues up by 49.6%

CHENNAI: Automotive manufacturers Pricol recorded a net profit of Rs 22.0663 crore in Jan-March quarter of FY-2015-16, recovering from the loss of Rs 2.4 crore recorded the previous year. For the full year, the company recorded a profit of Rs ...
Times of India, 1 hour(s) ago
Also from: Outlook India, Smart Investor and 36 other sources

J&K budget: Focus on women empowerment

The article below represents a preview only and is not meant for reuse or republishing. Srinagar, May 31 -- Jammu&Kashmir Finance Minister Haseeb Drabu on Monday tabled the budget estimates for the year 2016-17 in the State Assembly with focus on ...
HT Syndication, 2 hour(s) ago
Also from: NetIndia123.com, Prokerala and 2 other sources

Nirmala Sitharaman seeks Apple waiver

Commerce minister Nirmala Sitharaman speaks about the achievements of her ministry in the two years of NDA government at a press conference at the National Media Centre in New Delhi. (Photo: PTI) The commerce ministry will discuss the issue of ...
Asian Age, 2 hour(s) ago
Also from: Outlook India, Smart Investor and 9 other sources

Rules for tax on online ads released

Email this Print The income tax department on Monday released rules for equalisation levy — a tax on online advertisements that would come into effect from June 1. Announced in the Budget for 2016-17, the six per cent levy — dubbed Google ...
Smart Investor, 4 hour(s) ago
Also from: Business Standard India, Business Standard

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