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India unveils roadmap to phase out corporate tax exemptions

New Delhi, Nov 20 (IANS) The government on Friday unveiled a detailed roadmap to phase out tax exemptions for the corporate sector and bring down its tax rate to 25 percent from 30 percent now. “This is a step towards simplification of tax laws, which is expected to bring about transparency and clarity,” an official statement Full Article

Ford India recalls over 16,400 EcoSports

Chennai, Nov 13 (IANS) Ford India on Friday announced a recall of 16,444 units of its sports utility vehicle (SUV) EcoSport to inspect the rear twist beam bolt. Ford India ...Full Article

India’s factory output decelerates, inflation firms up

New Delhi, Nov 12 (IANS) India’s factory output growth decelerated sharply to 3.6 percent in September from 6.4 percent in the month before, even as the annual retail inflation for ...Full Article

CII hails FDI relaxation as Jaitley’s ‘Diwali gift’ to industry

Kolkata, Nov 11 (IANS) Terming the recent relaxation of foreign direct investment (FDI) in 15 sectors of the economy as union Finance Minister Arun Jaitley’s “Diwali gift”, the Confederation of ...Full Article

India says foreign investment norms will become more open

New Delhi, Nov 10 (IANS) The central government on Tuesday listed some 15 areas in which foreign investment norms have been liberalised, including defence, aviation and retail trade, adding that ...Full Article

Cheaper gold evokes brisk buying of gold on Dhanteras

New Delhi/Bangalore/Chennai/Kolkata/Mumbai, Nov 9 (IANS) Thanks to a dip in the prices of gold this year, brisk buying of the precious metal was seen on Monday as people opened their ...Full Article

Rajasthan signs 76 MoUs in tourism sector

Jaipur, Nov 4 (IANS) Rajasthan on Wednesday signed 76 memoranda of understanding (MOUs) worth over Rs.319 crore in the tourism sector with private entities. The MOUs signed were mainly for ...Full Article

China’s GDP per capita rises to $7,800

Beijing, Nov 3 (IANS) Gross domestic product (GDP) per capita in China has increased to about $7,800, according to a document released on Tuesday. The document, “the Communist Party of ...Full Article

Tax evasion will be difficult when information exchange comes: Jaitley

New Delhi, Nov 2 (IANS) Finance Minister Arun Jaitley on Monday said with real-time global automatic exchange of information system coming into effect in a couple of years, tax evasion ...Full Article