Rajya Sabha shows rare camaraderie over GST

Wed, 08/03/2016 - 23:22

New Delhi, Aug 3 (IANS) As the Goods and Services Tax Bill got the parliamentary nod to end a stalemate that lasted almost 10 years, the Rajya Sabha saw a rare camaraderie and unanimity when all members present voted in favour of the statute.


Timex reduces net loss 37 per cent in Q1

Wed, 08/03/2016 - 23:22

New Delhi, Aug 3 (IANS) Watch and jewellery maker Timex Group on Wednesday reported a standalone net loss of Rs 2.99 crore for the first (April-June) quarter of fiscal 2016-17, which is 37 per cent less than Rs 4.74 crore it posted in the like period year ago.


Legal portal offers e-Sign service on Aadhaar platform

Wed, 08/03/2016 - 22:56

Bengaluru, Aug 3 (IANS) New online legal documentation portal on Wednesday announced electronic signing (eSign) service on the state-run Aadhaar platform to all citizens with the unique identification number.


CCEA extends production subsidy to sugar mills

Wed, 08/03/2016 - 22:52

New Delhi, Aug 3 (IANS) The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Wednesday decided to extend production subsidy to sugar mills to achieve expected performance in respect of export of sugar and supply of ethanol.


Government, opposition spar over GST as a finance or money bill

Wed, 08/03/2016 - 22:32

New Delhi, Aug 3 (IANS) Strong differences emerged between the ruling National Democratic Alliance (NDA) and the opposition in the Rajya Sabha here on Wednesday over the issue of Goods and Services Tax (GST) Bill being presented as a finance or money bill.


Cabinet approves proposal to peg central schemes at 30

Wed, 08/03/2016 - 21:30

New Delhi, Aug 3 (IANS) The Union Cabinet on Wednesday accepted major recommendations of the Sub-Group of Chief Ministers on rationalisation of Centrally Sponsored Schemes (CSSs), which had suggested that the total number of schemes should not normally exceed 30.


Don't make GST procedural nightmare, says Nasscom

Wed, 08/03/2016 - 21:08

Hyderabad, Aug 3 (IANS) Nasscom on Wednesday urged the government not to make Goods and Services Tax (GST) procedurally a nightmare for Information Technology services sector.


India Inc welcomes GST Bill with a few concerns

Wed, 08/03/2016 - 20:18

New Delhi, Aug 3 (IANS) As the Rajya Sabha on Wednesday finally took up discussion on the Goods and Services Tax (GST) bill, with Finance Minister Arun Jaitley moving it for consideration and passage, industry stakeholders welcomed the move but also expressed some concerns.


Implementing GST is still a long road ahead

Wed, 08/03/2016 - 20:02

New Delhi, Aug 3 (IANS) Even after Rajya Sabha's consent to a pan-India goods and services tax regime, vide a Constitution amendment bill, it may still take months before this major indirect tax reform is implemented, experts said, explaining the steps ahead:


HCL reports Rs 2,047 cr profit, growth up by 14.8 per cent

Wed, 08/03/2016 - 20:00

New Delhi, Aug 3 (IANS) Global IT services major HCL Technologies Ltd. on Wednesday reported a consolidated net profit of Rs 2,047 crore for first (April-June) quarter of fiscal 2016-17, registering 14.8 per cent year-on-year (YoY) growth.


Philips partners with Amazon for LED TV launch

Wed, 08/03/2016 - 19:30

New Delhi, Aug 3 (IANS) PE Electronics, official brand licence partner of Philips in India, launched its new age content-driven LED TVs here on Wednesday in partnership with e-commerce platform Amazon India.