Direct Tax collections up 13% in April-Dec
Gross direct tax collections – including tax on personal and corporate incomes – from April to December of financial year 2014-15 are up by 12.93 per cent at Rs. 5,46,661 crore as against Rs. 4,84,063 crore collected during the same period in 2014. The rate of growth of the collections is just... read more »
Reserve Bank modifies ECB policy
The Reserve Bank of India (RBI) on Friday relaxed norms for the External Commercial Borrowing (ECBs) by allowing banks and companies to restructure and reschedule the existing borrowings. The modification to the ECB policy will come into force with immediate effect. “The RBI allowed changes /... read more »
Jaitley hints at not raising tax rates; sops for manufacturing
Finance Minister Arun Jaitley has hinted at not raising tax rates and providing incentives for manufacturing in the coming Budget while asserting that ‘structural changes’ will have to be made to get the economy to 8-9 per cent growth. Hard selling India to global investors at the World... read more »
TVS Srichakra to launch radial tyres
TVS Srichakra Ltd., a well-known maker of two-wheeler, three-wheeler and off-road tyres, will be launching radial tyres for motorcycles soon. Unveiling the company’s new identity and logo — TVS TYRES — here on Friday, P. Vijayaraghavan, Director of the company, said the new logo conveyed... read more »
Woman dragged through street, beheaded in Saudi Arabia for ‘murdering’ stepdau...
Riyadh: In what could send chills down one’s spine, a Burmese woman, who resided in Saudi Arabia, was publicly beheaded in Islam’s holy city of Mecca on allegations that she had... read more »
Gunman in Paris arrested after he surrendered, two hostages freed, says police
Gunman was mentally unstable According to TV reports, the gunman who had taken two hostages at a post office in Colombes, a city in northwestern Paris, was mentally unstable over a failed... read more »
Nine censor board members follow Leela Samson, quit
Nine members of the censor board have reportedly quit in support of chief Leela Samson, who resigned on Friday alleging government’s interference. In their resignation letter written... read more »
Air India pilot assaults engineer inside cockpit, flight gets delayed
An Air India pilot assaulted an engineer inside cockpit at Chennai airport, according to TV reports. The pilot pushed the engineer while they were inside the cockpit as the latter went... read more »
Pranab Mukherjee congratulates Bhakti Sharma for world swimming r...
President Pranab Mukherjee has congratulated Bhakti Sharma for setting a world record by swimming 1.4 miles in 52 minutes in the Antarctic Ocean. In his message, the President said, “I am... read more »
