Business

USIBC recommended that the compliance burden should be reduced on service sector by reducing the frequency of return filing. For e.g. instead of monthly returns, service sector companies should be allowed to file tax returns on a half-yearly basis.

Assam has a unique advantage of being at a strategic geographic location with a strong connectivity network, making it an ideal destination for business with the ASEAN countries.

The corporate loan exposure for a number of PSBs is around 50 percent or higher, while retail exposure is around 15 percent.

Consumer durables and home appliances makers like Godrej Appliances, Panasonic, Philips Lighting and Intex want the government to lower taxes, give incentives to local manufacturing and increase customs duty on imports.

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With one eye on 2019 Lok Sabha elections, Arun Jaitley may announce a 'Price Deficiency Payment Mechanism', taking leaf out of the MP government’s Bhavantar Bhugtan Yojana implemented after the Mandsaur unrest.

To woo foreign investors, the Prime Minister said that 1,400 archaic laws that were becoming roadblocks in India's growth have been removed and the Goods and Services Tax (GST) has been implemented.

Piyush Goyal will discuss issues relating to transport and how a city space can be developed so that all modes of transport are interconnected seamlessly.

As per the report, fiscal deficit target may widen to 3.5 per cent of GDP in 2018-19 from 3.4 per cent in 2017-18.

The BSE Sensex spurted 251.29 points to end at its fresh lifetime high of 35,511.58, while the broader NSE Nifty advanced 77.70 points to record 10,894.70. Intra-day, it breached the 10,900-mark for the first time.

The next budget needs to have several policy measures to give a stimulus to the agricultural sector such as on irrigation, crop insurance and agricultural credit to help fertiliser players, Icra said in a pre-budget report.

Since November 2016, the government is implementing the National Food Security Act, under which foodgrains are supplied every month at highly subsidised rates of Rs 1-3 per kg to over 80 crore people in the country.

Haseeb Drabu said the measures announced in the budget would facilitate the greater inflow of cash in the system which would go a long way in the revival the sluggish local economy.

The reversal comes just a few weeks after the EU announced an original blacklist of 17 non-EU states, which drew furious reaction from several of the states targeted.

India has been placed in the 'Legacy' group along with Hungary, Mexico, Philippines, Russia, Thailand and Turkey, among others. China figures among 'leading countries', while Brazil and South Africa are in 'nascent' ones.

With the rupee appreciating against the US dollar over the months, the company lowered its consolidated annual revenue guidance to 2.1-3.1 per cent from 3-4 per cent in rupee terms but maintained the outlook at 6.5-7.5 per cent in dollar terms for 2017-18...