FE Bureau | February 8, 2018 6:01 AM
The changes through amendments to IBBI’s Insolvency Resolution Process for Corporate Persons Regulations have come amid differences between lenders and bidders on the proper valuation of a stressed company.
FE Bureau | February 8, 2018 5:58 AM
In March 2017, 31 contracts were signed with 22 companies, of which 15 were new entrants and the estimated total revenue of from these fields is around Rs 46,400 crore. Fields offered under the DSF policy were relinquished by ONGC and Oil India.
FE Bureau | February 8, 2018 5:53 AM
The government-appointed panel had concluded that the industry is facing an interim liquidity stress. It recommended the extension of deferred payment period for spectrum bought in auctions from the current 10 years to 16 years.
FE Bureau | February 8, 2018 5:48 AM
Advance pricing agreements (APAs) were introduced in 2012 by the government to provide tax certainty to those multinational corporations that agree to certain principles relating to the valuation of their cross-border transactions.
Huma Siddiqui | February 8, 2018 5:44 AM
Maduro was expected to visit India last year; however, back then the visit had not been confirmed. Both New Delhi and Caracas have been working on continuing their joint investments in the energy sector.
Huma Siddiqui | February 8, 2018 5:41 AM
In Dubai, Modi will deliver the keynote address at the Sixth World Government Summit. He will also meet vice-president and prime minister of the UAE and the ruler of Dubai Sheikh Mohammed Bin Rashid Al Maktoum and some select CEOs of companies from the Gulf countries.
Affordable housing fund: Here is how government will raise Rs 25,000 crore over the period of 4 yearsFE Bureau | February 7, 2018 6:24 AM
Budget 2018: Talking about the Budget allocation, Puri said his ministry has been allocated Rs 41,756 crore in 2018-19, up nearly 3% from Rs 40,617 crore in 2017-18. The announcement of a dedicated AHF will go a long way in meeting the requirement.
FE Bureau | February 7, 2018 6:16 AM
Power and renewable energy minister RK Singh had in November announced the break up of his action plan for completing 28 GW of wind auctions by FY20, leaving a margin of two years to complete the projects by 2022.
FE Bureau | February 7, 2018 6:13 AM
The government raised customs duty on 45 items, which included smartphones, LED TVs, among others. It’s expected to collect about Rs 6,000-7,000 crore from the increase in import duty along with the new health and education cess.
FE Bureau | February 7, 2018 6:04 AM
Budget 2018: The government said the total amount of exempted capital gains from listed shares and units was around Rs 3,67,000 crore for AY 2017-18. It expects to mop up Rs 20,000 from the tax on LTCG from equities.
FE Bureau | February 7, 2018 5:56 AM
The industry representatives pointed out that financially distressed power plants would find it difficult to incur the expenditure to install environment compliance equipment.
FE Bureau | February 6, 2018 6:07 AM
The Trai on Monday said it is encouraging users to give their consent for capturing more information related to evaluation of mobile data speeds to help in better validation of results.
Vikas Srivastava | February 6, 2018 6:01 AM
The decade-long fight between Enercon GmBH and its Indian arm, Wind World India, is proving to be a serious issue for the wind energy sector, as turbines with over 3,000 MW capacity have become near non-functional for want of servicing and lack of components, people close to the development told FE.
FE Bureau | February 6, 2018 5:58 AM
Budget 2018: Speaking to an industrialist at a post-Budget event, Chandra said some companies have been arriving at highly exaggerated valuation where a share worth Rs 10 was being purchased at Rs 10,000 without any proper valuation.
FE Bureau | February 4, 2018 2:34 AM
New India Assurance, India’s largest non-life insurance company reported profit after tax (PAT) of Rs 617 crore in the third quarter against loss of Rs 24 crore in the year-ago period.
FE Bureau | February 3, 2018 6:36 AM
Emphasising that the present method of calculating licence fee (LF) and spectrum usage charge (SUC) is around 20 years old, the Telecom Regulatory Authority of India (Trai) on Friday suggested a review and rationalisation of both the levies in the new telecom policy, which is currently being prepared by the department of telecommunications and is […]
Surbhi Prasad | February 3, 2018 6:25 AM
A group of homebuyers of Jaypee Infrastructure have urged the banks such as HDFC, ICICI and Axis bank for moratorium on EMIs for home loans granted in relation to projects of Jaypee.
Jharna Mazumdar and Deepak Kumar | February 2, 2018 7:01 AM
Budget 2018: Dhanraj Bhagat, partner, Grant Thornton India, said, “Disposable income in rural India will increase, resulting in more discretionary spending and consumption, benefitting the FMCG sector.”
RC Bhargava | February 2, 2018 6:57 AM
Budget 2018: Creation of jobs in rural areas, and increasing farmer incomes is the next major requirement. Farmers will also be enabled to sell their produce directly to customers, and incentives are being given to adopt a cluster approach to horticulture production.
Shritama Bose | February 2, 2018 6:51 AM
Budget 2018:The targets for construction of houses under the Pradhan Mantri Awas Yojana (PMAY) for 2018-19 were also outlined. Under the PMAY (Gramin), 49 lakh houses will be constructed and the outlay for the programme stands at Rs 33,000 crore.
Arvind Singhal | February 2, 2018 6:45 AM
Budget 2018: Budget 2018 is expected to be the last full budget of the current government, and there were some expectations (or worries) that the government might choose fiscal profligacy for political gains over fiscal prudence.
Pawan Goenka | February 2, 2018 6:26 AM
Budget 2018: The biggest positives in this year’s Budget were the increased pricing of the farm produce and the health insurance to ten crore families with an insurance cover of Rs 5 lakh.
Surya Sarathi Ray | February 2, 2018 6:20 AM
Budget 2018: The government will make the contribution to the EPFO for first three years and has allocated an amount of Rs 1,652 crore, which is more than three times the actual spend under the job-incentivising Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) in 2017-18.
Surbhi Prasad and Surya Sarathi Ray | February 2, 2018 6:14 AM
Budget 2018: The union budget noted that currently a deduction of 30% is allowed in addition to normal deduction of 100% in respect of emoluments paid to eligible new employees who have been employed for a minimum 240 days during the year.
Manish Sabharwal | February 2, 2018 6:07 AM
Budget 2018: The Health Insurance scheme is important because it offers a rational counter to the irresponsible demand for universal basic income, provides a solution to one of the biggest reasons people fall back into poverty, and could potentially unleash consumption because social security needs free up excess savings.
Budget 2018: The MSP for wheat is currently fixed at Rs 1,735/quintal — this is 112.36% higher than the A2 + FL cost of production (Rs 817/quintal), but only 13.77% higher than the C2 cost (Rs 1,525/quintal).
Budget 2018: Like Operation Flood for milk, Operation Greens will boost storage and other facilities for vegetablesFebruary 2, 2018 5:53 AM
Budget 2018: The seasonal and regional production of these perishable commodities pose a challenge in connecting farmers and consumers in a manner that satisfies both, the FM, Arun Jaitley observed.
- Budget passed in Lok Sabha without discussion; Finance bill, Appropriation bill passed by voice vote
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- Assam Finance Minister to present first e-Budget tomorrow
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- Andhra Pradesh Budget 2018: YSR Congress to boycott session starting tomorrow
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