News

Sebi Bars 4 Entities In Tata Finance Matter

New Delhi: In a 15-year-old matter, the Securities and Exchange Board of India (Sebi) on Tuesday barred Tata Finance Ltd’s former managing director D S Pendse and three other entities from the capital market for manipulations at the time of the firm’s right issue in 2001. The watchdog has imposed a three-year ban on Mr Pendse and A L Shilotri, ... Read More »

Finance Ministry To Review Domestic Black Money Window Issues: Report

New Delhi: With the first month nearing completion, the Finance Ministry will hold a high-level meeting to review the ambitious one-time compliance window that has been announced by the government to declare domestic black money. The review meeting, scheduled later this week, will be chaired by Revenue Secretary Hasmukh Adhia with Central Board of Direct Taxes (CBDT) members and they ... Read More »

New ETF To Monetise Government Stake In Listed PSUs, Other Firms

New Delhi: The Finance Ministry is planning to launch a new Exchange Traded Fund (ETF) as an additional mechanism to monetise government’s stake in listed PSUs and other companies. The ETF may include government stake in companies held through Specified Undertaking of Unit Trust of India (SUUTI) as well as those in which it still has some holding. The Department ... Read More »

Presumptive Taxation: No Audit For Turnover Of Up To Rs 2 Crore

New Delhi: The Finance Ministry on Monday said small businesses with a total turnover of up to Rs 2 crore will not be required to get their accounts audited if they opt for the presumptive taxation scheme. “The higher threshold (up to Rs 2 crore) for non-audit of accounts has been given only to assessees opting for presumptive taxation scheme ... Read More »

Amarinder Singh Hits Back At Arun Jaitley Over ‘Foreign Accounts’ Charge

Punjab Congress chief Amarinder Singh accused Arun Jaitley of trying to “avenge his humiliating defeat” in the 2014 Lok Sabha polls. (File photo) CHANDIGARH:  A day after Union Finance Minister Arun Jaitley attacked him over his family’s alleged foreign accounts, Punjab Congress chief Amarinder Singh today hit back at him, accusing him of trying to “avenge his humiliating defeat” in ... Read More »

Premature PPF Withdrawal Allowed. Here Are The New Rules

New Delhi: The Finance Ministry on Monday said subscribers of the Public Provident Fund (PPF) can prematurely close the deposit scheme after completing five years for reasons such as higher education or expenditure towards medical treatment. “A subscriber shall be allowed premature closure of his account or account of a minor of whom he is the guardian on ground that ... Read More »

The technology revolution in the healthcare sector

There are very few areas of day-to-day life that have escaped being transformed by the rapid developments in technology over the past few years. The healthcare sector is already well known for being an early adopter of new ways of doing things, simply because any advances that can help people combat or recover from illness should be implemented as soon ... Read More »

The Taylor Swift Effect? Sorry Tom, Theres a New Bond Favourite in Town

HIGHLIGHTS James Norton has acted in Mr Turner and An Education Tom Hardy and Aidan Turner are also in the running for the role Reportedly, Tom Hiddleston has lost his chances by dating Taylor Swift War & Peace star James Norton has rapidly emerged as the favourite to play the next James Bond,overtaking Tom Hiddleston, Tom Hardy and Aidan Turner. ... Read More »

‘Ideas Welcome’: New Minister Javadekar Promises Education Roadmap

New HRD Minister Prakash Javadekar invited ideas and suggestions in his today’s interaction with media. NEW DELHI:  HIGHLIGHTS Prakash Javadekar replaced Smriti Irani in yesterday’s cabinet reshuffle The new education minister said he will consult PM Modi on roadmap Education is not a subject of party politics, says Mr Jadavekar New Human Resource Development Minister Prakash Javadekar has promised a ... Read More »

Smriti Irani Shifted In Move Seen As Strong Action From BJP Chief Amit Shah

Smriti Irani has been moved to Textiles Ministry in PM Narendra Modi’s big cabinet reshuffle. (File Photo) NEW DELHI:  HIGHLIGHTS Smriti Irani removed as head of Human Resources Development Ms Irani, 40, had controversial tenure marked with campus unrest Talk of Ms Irani as BJP’s choice for UP Chief Minister Smriti Irani appears to have missed the mark – by ... Read More »