Top executives from multinational corporations (MNCs) and local business upshots suggest dialogue between the revenue authority and the corporate sector before taxation as they feel high taxes hamper business and investment. They also point out that high tax incidence also promotes tax-dodging, wh
They also called on the government to re-categorize the industry to orange from existing red, saying that they need an additional 2-3 months to get cutting permission from the environment ministry only for this categorization. The industry stakeholders raised the demands at a roundtable
The inter-bank call-money rate edged down slightly on Wednesday, a day after the cut in daily cash reserve requirement (CRR) by 50 basis points, giving more flexibility to the banks for maintaining their CRR. The weighted average rate (WAR) of call money came down to 10.02 per cent on the
Banks and finance companies risk getting punished by the regulator if they fail to update the Credit Information Bureau (CIB) on their clients' credit status vis-a-vis default loans within the stipulated timeframe. Issuing a circular Wednesday -- in the wake of bad-loan buildups -- the bureau of B
Implementation of projects under the Indian Line of Credit (LoC) funding will continue as the government has no plan to cancel those, said Finance Adviser Dr Salehuddin Ahmed while also speaking on overall economic situation on Wednesday. "We had talks about LoC. When a project gets delayed,
