Front Page
Balancing balance sheet: Cesses, surcharges help window-dress govt accounts
A few other instances that show the rampancy of the practice of short-transfer/mis-appropriation of cess funds.
Gross market borrowing: Govt may opt for another hike, but only by November
The NSSF had financed a record 31.3% of fiscal deficit in FY20 and was budgeted to fund 30.1% (Rs 2.4 lakh crore) of it in FY21 before the pandemic struck.
Talks for merger with Clix Group on: Lakshmi Vilas Bank
In a release, signed by independent director Shakti Sinha, the bank said it would continue its focus on capital-light loans like gold loans to optimise profitability without straining capital funds.
Clearing the air: No diversion of GST compensation cess funds, says finance ministry
The auditor further noted that “the amount by which the cess was short-credited was also retained in the Consolidated Fund of India and became available for use for purposes other than what was pro
Remembering Isher Ahluwalia: She always had new ideas, looked at issues in new way, writes Kiran Mazumdar Shaw
Coming from a middle-class upbringing, a Hindi-medium background, she scaled enormous heights because of her intellectual appetite and capability.
In fond memory: SP Balasubrahmanyam — matchless musician, a nek insaan
Balasubrahmanyam, fondly called SPB and Balu, was admitted to the hospital on August 5 after he tested positive for Covid- 19.
International arbitration: Vodafone wins Rs 22,000-crore retrospective case against tax department
The award was unanimous with govt appointed arbitrator also ruling in the company's favour
Rs 2,610-crore deal: GMR Infra to divest 51% stake in Kakinada SEZ to Aurobindo Realty
GMR’s consolidated gross debt as on June 30, 2020, stood at Rs 32,100 crore, while net debt was at Rs 26,300 crore.
Lockdown-related cancellations: Supreme Court reserves order on airfare refund
“For airlines, directing them refund would adversely impact them and will have a devastating effect. That was not a desirable outcome,” Mehta said.
Covid-19 blues: S&P says India’s debt level to exceed 90% of GDP in FY21
It said India's economy has been hard hit “by the confluence of the Covid-19 pandemic, the country's own cyclical slowdown, and strict domestic containment measures against the coronavirus”.
Will govt now challenge Vodafone award? It does so in most cases
Ditto for the award, in 2018, in favour of Reliance in the ONGC case where the latter had asked for $1.6 billion for the gas that it alleged Reliance had stolen from its field.
On the job| Retail hires on the rise
The retail and allied sectors employed 36.3 million people in FY20, making them the second highest employment provider after agriculture.
Bharti Airtel, Vodafone Idea & DoT disagree on initial AGR payment; may enter another legal tussle
The order further states, “Telecom service providers have to make payment in yearly instalments commencing from 1.4.2021 up to 31.3.2031 payable by March 31 of every succeeding financial year”.
Tax base growth: Note ban gains gone with the wind
Direct tax buoyancy reached a temporary peak in 2018-19 and has since fallen; the buoyancy fell into an abyss in 2019-20 itself. Much worse in store for the current year.
Tax talk: CAG busts myth of reduced tax disputes
At the CIT-Appeals, the first forum of appeal against tax demands, the amount locked up rise from Rs 5.19 lakh crore in 2017-18 to Rs 5.63 lakh crore in 2018-19, the CAG noted.
Insolvency suspension for Covid defaults extended by 3 months
FE had, on Wednesday, reported that the government might grant a six-month extension in one go but a final call on it would be taken by finance and corporate affairs minister Nirmala Sitharaman.
Terrible Thursday: Stocks crash, rupee weakens, bonds steady
The dollar continued to gain as other currencies globally continued to weaken, after the "risk on" sentiment took a hit amidst dwindling hopes of a quick economic recovery.
Swiss Challenge: Banks seek bids as Matix Fertilisers puts OTS on table
The interested lenders are now soliciting bids for settlement of their debt through the Swiss challenge method, with the existing OTS offer as the anchor offer.
Farm Bills row: Tomar rules out legal backing for MSPs
Agri reforms won't disrupt govt procurement, APMCs to co-exist with other markets; signals export bans avoidable
Bon appétit! India eating more at home; small towns leading recovery in food delivery
Pan-India deliveries are now nearing 85% of pre-Covid GMV, higher than the 75% recorded in August.
KKR invests Rs 5,550 crore in Reliance Retail for 1.28% stake
With Silver Lake earlier investing Rs 7,500 crore for 1.75% the company has raised a total of Rs 13,050 crore during this month
Skewed system: Power subsidies refuse to go away
The National Tariff Policy, 2016 caps cross-subsidy among electricity consumers at 20% of average of cost of supply.
The final countdown: Tata Sons offers to buy stake, Mistry says time to part ways
The decision to part ways has been triggered by concerns on the part of the Tata Group that shares of Tata Sons, pledged by the SP Group, could end up in the wrong hands.
Smell a RAT: The COVID-19 curve may not be flattening
Low positivity in UP, Bihar and Gujarat which account for a high share of tests, mainly RATs, is driving down India’s positivity
Advertisement
Most Read
- Positive pay system for cheque payments to come into effect from January 1: RBI
- Coronavirus in India: Travellers from Dubai, UK contributed maximum COVID-19 importations, finds IIT study
- New RBI guidelines on loan moratorium: What should borrowers do?
- COVID-19 spread: Tiny airborne particles may pose a big coronavirus problem
- Pakistan's Gilgit-Baltistan game plan: Playing out the Chinese script
- 3 IPOs open this week: UTI AMC, Mazagon Dock, Likhitha Infrastructure; price band, lot size, other details
- Inside Track: Prashant Kishor's sway in West Bengal leaves Trinamool Congress veterans restless
- Maintain ‘buy’ on ITC with unchanged FV at Rs 260
- Coronavirus spreading through air? CSIR begins study to find out possibility of airborne transmission of COVID-19
- TCS National Qualifier Test: TCS opens NQT for recruiting freshers for corporates - check details
Advertisement
Top News
- UTI AMC IPO opens tomorrow: Attractive valuation, huge PMS biz; should you subscribe? Brokerages' take
- Market LIVE: Sensex zooms further, up over 400 pts, Nifty nears 11,200; small cap, midcap indices outperform
- Lakshmi Vilas Bank shares slip 5% on opening as shareholders reject re-appointment of directors
- Does Coronavirus spread during flight journeys? Here is what we know about in-flight transmission of COVID-19
- India's reputation among foreign investors tarnished with Vodafone tax demand; Modi must now accept reward
- Bond traders brace for further hike in govt's mammoth borrowing plan in worse possible timings
- Sensex, Nifty open with gains; midcap & small cap indices surge to outperform benchmarks
- How to disinfect N95 masks for reuse? Researchers find a new way!
- Travelling to India's Himalayan frontiers? Here's why you see flutterng colored flags and stone stacks
- 3 IPOs open this week: UTI AMC, Mazagon Dock, Likhitha Infrastructure; price band, lot size, other details
Advertisement
