Economy and Policy

  • The Supreme Court on Friday stayed the Gujarat High Court order that asked state-owned ONGC and other oil marketing companies (OMCs) to pay value-added tax (VAT) of around Rs 10,000 crore on LPG and superior kerosene oil (SKO) supplied as part of public distribution system (PDS) in the state, reports Indu Bhan in New D …

  • A Yahoo logo is pictured in front of a building in Rolle

    Some bidders that did not make the shortlist because their first-round offers were not specific enough are still being kept close to the process by Yahoo's advisers, the people said. One of those bidders is Liberty Media Corp (LMCA.O) Chairman John Malone, who has proposed a tax-efficient merger with one of the companies …

  • Coming off a barrage of flimsy company earnings reports that included Apple's first revenue drop in 13 years, investors will turn to April jobs data for signs of budding resilience or further weakening in the second quarter. U.S. nonfarm payrolls, unemployment and wages data are due Friday May 6, when the economy is expected …

  • Letters to the editor The Financial Express - 4 hours ago

    Apropos of the report “Massive fire destroys National Museum of Natural History”, the destruction of the entire collection of specimens of flora and fauna housed in the National Museum of Natural History is an irreparable loss. Few decades back, nobody would have imagined that water would one day be sold.

  • The conference table of the Federal Reserve Board of Governor is seen empty at Federal Reserve Board headquarters before new Chairwoman Janet Yellen took the oath of office in the conference room at the Federal Reserve Board in Washington

    U.S. inflation barely rose in March as consumer spending remained tepid, making it less likely that the Federal Reserve will be able to follow through on its projected two interest rate increases this year. The tame inflation backdrop was reinforced by another government report on Friday showing a modest advance in labor …

  • New Delhi, April 29 (IANS) The leading automobile manufacturers body on Friday said that the ban on diesel passenger vehicles of 2,000 cc and above can deeply dent the country's global image as an investment destination. According to the Society of Indian Automobile Manufacturers (SIAM), the ban on diesel passenger cars …

  • Comcast Corp's planned purchase of DreamWorks Animation would increase the media giant's foothold in Asia, particularly China, as it competes in an increasingly global battle for entertainment dollars. DreamWorks, producer of the "Kung Fu Panda" and "Shrek" franchises, was one of the first Hollywood studios to open a production …

  • New Delhi, April 29 (IANS) Union Minister Nitin Gadkari on Friday said that reduction in logistics cost can boost the country's exports and propel economic development. Minister of Road Transport and Highways and Shipping Nitin Gadkari said lower logistics cost can boost exports by 1.5 times. "The current logistics cost …

  • Chandigarh, April 29 (IANS) Getting VIP or vanity registration numbers for motor vehicles will henceforth be a more costly affair in Haryana as the state cabinet on Friday approved a fee hike, which is ...

  • After almost stalling in the first quarter, the U.S. economy will show whether it has got back into gear in the coming week with the monthly report on the labour market that has so far shrugged off global concerns and the strong dollar. The labour market though remains robust, with average employment gains of 209,000 in …

  • An Indian court on Friday ordered businessman Naveen Jindal to face trial on charges of criminal conspiracy over an alleged scam involving government allocations of coalfields. Naveen Jindal is chairman of Jindal Steel and Power which said in a statement it denied any wrongdoing by the company or its management, adding …

  • New Delhi, April 29 (IANS) The modus operandi in the AgustaWestland helicopter deal, in which an alleged middleman James Christian Michel has come under scrutiny for what is being touted as India's biggest defence scandal, has emerged from a verdict of an Italian court. Even as India has moved Britain to get to the bottom …

  • New Delhi, April 29 (IANS) The Central Board of Direct Taxes (CBDT) has published data on taxpayers, number of PAN (permanent account number) holders and incomes disclosed in tax return filings, a finance ministry statement said on Friday. "The government has published the income tax data, including income tax department's …

  • Nobody in India had salary income over Rs 100 crore in FY12

     Income tax return data of the financial year shared by the finance ministry also show only 6 people had salaried income between Rs 50 crore and Rs 100 crore in the year. The Income tax department probably for the first time in the history has shared elaborate income tax payment data that shows an interesting profile of …

  • New Delhi, April 29 (IANS) The retail industry will prove to be a huge growth driver for the warehousing as well as manufacturing industries in the future and social media is playing a big role in this, a top government official said here on Friday. The retail industry will prove to be a huge growth driver for the warehousing …

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