Government today approved creation of seven posts of Indirect Tax Ombudsmen across the country to address complaints and grievances of indirect tax payers, Briefing reporters after a cabinet meeting, the Information and Broadcasting Minister Mrs Ambika Soni said, the Ombudsmen offices will be set up at Delhi, Mumbai, Chennai, Kolkata , Bangalore, Ahmedabad and Lucknow. […]
Pro-Gaddafi forces on Thursday kept up the momentum of their advances recapturing another key town of Brega, whose fall brought the major oil producing region back under the government control as NATO finally took full command of operations in the strife-torn country. 68-year-old Muammar Gaddafi’s tanks and rocket launchers stormed into Brega after rebels retreated […]
Silver prices climbed to record an all time high at the bullion market in Mumbai on Thursday due to hectic stockist and industrial buying triggered by rising global cues. Gold also advanced further on the back of rising local buying interest and jewellery offstage, amid approaching festivities. In Europe, precious metals rose on dollar weakness, […]
To give a boost to quality seeds cultivation in the country, the government on Thursday relaxed the FDI norms for the key input by allowing foreign investment in seeds production carried in open fields. Earlier, the government had allowed 100 per cent foreign direct investment (FDI) in seed production undertaken in only controlled conditions like […]
UK-based Vodafone on Thursday acquired 33 per cent stake of its Indian partner Essar in the joint venture Vodafone Essar for USD 5 billion and may go for a new ally or opt for public offering to remain FDI compliant. “Currently we (Vodafone) are having 42 per cent stake in Vodafone Essar and after acquiring […]
In its fourth report on Games venues, the Shunglu Committee has blamed senior officials of civic and construction government agencies like Central Public Works Department, Delhi Development Authority, PWD, NDMC and RITES among others for inordinate delays, inflated prices and rigged tender process. “It appears as if to economise was criminal and to splurge was […]
In a relief to the International Cricket Council, the government on Thursday approved tax exemption of about Rs 45 crore for incomes from the ongoing World Cup. The decision was taken at a meeting of the Cabinet, which was also attended by Agriculture Minister Sharad Pawar, who is currently the President of ICC. “The tax […]
Amid corporate honchos being questioned in connection with 2G scam case by agencies, Prime Minister Manmohan Singh on Thursday assured a “nervous industry” that the government is committed to creating a corruption-free environment to ensure the industry moved ahead without fear. “I am aware of the nervousness in some sections of the corporate sector arising […]
After the high octane Indo-Pak match in Mohali, the World Cup cricket final in Mumbai on 2nd April is also going to be a high-profile event with President Pratibha Patil and her Sri Lankan counterpart Mahinda Rajapaksa set to watch the encounter. Patil will be flying to Mumbai for the keenly awaited match after India […]
Mumbai: Welsun Corp Ltd., the flagship Company of the $ 3 billion Welspun Group and 2nd largest line pipe company in the World (Source: Financial Times, UK) has won pipe orders worth Rs. 1,182 Crore (approx 155 KMT) largely from international clients. These new orders are likely to be exe cuted over a period of […]
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