IT (Income Tax) Department is having a tough time gathering the dues. Even the undisputed cases are troubling as the defaulters do not possess the required amount of assets. The statistics show a substantial rise [...]
Australian Dollar
AUM (Asset Under Management) of MFs (Mutual Funds) jumped by 9.4 % in January. This was the highest in 15 months, on a monthly basis. Crisil Fund Services, the risk solutions provider and fund evaluator, [...]
RBI Governor D Subbarao in a meeting with the standing Finance Minister, Pranab Mukherjee yesterday, assured him of continuous monitoring of the current economic situation and taking appropriate policy actions if required. He briefed the [...]
A study based on disclosure done by 467 listed firms showed about 90% of shares were pledged by the promoters from 27 companies. The known names in the list include- Micro Inks., Kirloskar Electric, JP [...]
India’s largest Real Estate developer, DLF moving on with its plan to raise Rs 5000 crore through bond selling has sold bonds worth Rs 720 crore to the insurance companies. The company raised the funds [...]
The government has declared the act of ‘constructing roads’ to be immune to imposition of Service Tax though ‘maintenance, management and repair’ do fall in the bracket of ‘service tax demanding tasks’. Under the ‘repair [...]
Food grains supplied through PDS (Public Distribution System) experienced much higher subsidy levels in case of ABL (Above Poverty Line) than for BPL (Below Poverty Line) in five years of UPA’s (United Progressive Alliance) reign. [...]
Trai, the Telecom Regulatory Authority has said that the government is blocking the availability of ‘unrestricted internet telephony’ in the country. Also, the MVNOs (Mobile Virtual Network Operators) have been allowed to get into the [...]
With a view to infuse more transparency into the insurance sector and allowing investors to make more informed decisions, IRDA (Insurance Regulatory and Development Authority) has asked the insurance companies to disclose solvency margin, loss [...]
The Service sector has been facing problems even prior to the global economic downslide. This in turn, might lead to revision of GDP projections by experts and be ‘less’ optimistic about it. Service Sector has [...]
