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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

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

India’s largest tech incubator attracts 130 startups even before launch

Hyderabad, Nov 2 (IANS) Creating a buzz even before its formal launch, T-Hub, India’s largest technology incubator, is almost completely booked, attracting over 130 startups from across the country. The ...Full Article

Government to achieve 3.9 per cent fiscal deficit target: Jaitley

New Delhi, Oct 27 (IANS) Finance Minister Arun Jaitley on Tuesday exuded confidence that the government will achieve the fiscal deficit target of 3.9 percent in the current financial year. ...Full Article

Sensex closes 109 points down on profit booking

Mumbai, Oct 26 (IANS) The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) on Monday closed 108.85 points, or 0.40 percent, down as as investors booked profits. The 30-scrip ...Full Article

Indian markets continue to soar

Mumbai, Oct 15 (IANS) A barometer index of the Indian equity markets was trading 248 points or 0.93 percent higher during late-afternoon session on Thursday. The wider 50-scrip Nifty ...Full Article