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The scheme seeks to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.

Honour, privileges await top tax payers

The idea behind the initiative is to create exclusive membership to clubs that exude not only social status but also...

5 July 2019 1:54 AM IST

If the newcomers to the labour market get well-paid jobs it boosts consumption and economic growth.

India is ageing; time to merge schools, raise retirement age

The current retirement age for most government workers in India is 60.

5 July 2019 1:52 AM IST

Priority Sector Lending targets of banks for lending to MSMEs to be re-oriented.

Infant MSMEs, not dwarfs, to be given sops

Examine the role of the Small-Scale Industries reservation policy.

5 July 2019 1:50 AM IST

India has been the worlds fastest growing major economy over the past two years.

Economic Survey: Indian economy grows to USD 2.75 trn despite slowing...

India continued to remain the fastest-growing major economy in the world in 2018-19.

4 July 2019 5:12 PM IST

The aircraft is being inspected by the Jet Airways Engineering team and ground personnel. (Representational Image)

HDFC wants NCLT to keep Jet Airways Hqs out of resolution plan

The consortium of 26 bankers led by State Bank took the grounded Jet Airways to NCLT to recover their dues of over Rs...

4 July 2019 4:43 PM IST

Between 2000 and 2016, British FDI created 371,000 jobs 10 per cent of all jobs created by FDI.

Economic Survey: A blue print for growth and jobs over next 5 years,...

EAC-PM welcomes the emphasis of the Survey on fiscal consolidation, fiscal discipline and investments.

4 July 2019 4:20 PM IST

The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Sensex, Nifty extend gains ahead of Budget

The 30-share BSE Sensex settled 68.81 points, or 0.17 per cent, higher at 39,908.06.

4 July 2019 4:15 PM IST

We see a very positive scenario for infrastructure segment with extra investment lined in for all areas of core infrastructure such as roads, metro rail, expressway, airports and expansion on existing highways: Nitin Lall

Economic Survey: India must spend USD 200 bn on infra annually

As the country has only been able to put USD 100 to 110 billion annually into infrastructure development.

4 July 2019 4:11 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Gold, silver fall on weak overseas trend, profit-booking

Gold of 99.9 per cent and 99.5 per cent purity declined Rs 170 each to Rs 34,210 and Rs 34,040 per 10 gram,...

4 July 2019 3:53 PM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Economic Survey: FinMin makes progress in strategic sale of 28 CPSEs

DIPAM had raised about Rs 85,000 crore from CPSE disinvestment in 2018-19.

4 July 2019 3:45 PM IST

NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.

NCLAT clears ways for takeover of Essar Steel by ArcelorMittal

Total claims of financial and operational creditors stand revised to Rs 69,192 crore.

4 July 2019 3:36 PM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Economic Survey: Debt recovery strengthened, claims of Rs 1.73 lakh cr...

The Survey said that IBC has initiated a cultural shift in the dynamics between lender and borrower, promoter and...

4 July 2019 3:31 PM IST