DBT for food subsidy can help govt save Rs 25,000 crore: Crisil

Last Updated: Tuesday, February 17, 2015, 17:21

Implementing direct benefit transfer (DBT) for food subsidy will help government save Rs 25,000 crore by eliminating costs associated with procurement, distribution and storage of foodgrains, ratings agency Crisil said Tuesday.

FM Jaitley to set threshold for taxing indirect share transfer by MNCs

Last Updated: Sunday, February 15, 2015, 16:15

Finance Minister Arun Jaitley is likely to introduce the threshold to establish whether a overseas company has substantial business interest in India.

ICICI ties up with UAE Exchange for instant money transfer

Last Updated: Thursday, February 12, 2015, 13:23

ICICI bank has tied up with UAE Exchange to offer an instant bank transfer service to the Indians residing in the Gulf nation.

PM Modi expresses joy as registration for LPG subsidy transfer scheme crosses 10 cr mark

Last Updated: Thursday, February 5, 2015, 09:50

Prime Minister Narendra Modi on Thursday expressed his joy after PaHaL (Pratyaksha Hastaantarit Laabh), the Direct Benefit Transfer scheme for LPG Subsidy Yojana crossed registration mark of ten crores.

PM Modi reviews progress of LPG subsidy transfer scheme

Last Updated: Saturday, January 31, 2015, 19:47

Prime Minister Narendra Modi on Saturday reviewed the progress of implementation of the scheme for paying subsidy on cooking gas (LPG) directly into bank accounts of consumers.

Rico Auto board okays transfer of investments in 3 units

Last Updated: Thursday, January 29, 2015, 20:17

The board of Rico Auto Industries today approved transfer of the company's investments held in three subsidiary firms to Rico Investments, another unit of the auto component manufacturing firm.

CBDT asks officials not to pursue Vodafone-type tax cases

Last Updated: Thursday, January 29, 2015, 19:53

The Tax Department on Thursday asked its field officers not to pursue transfer pricing cases similar to Vodafone's, a move being seen as a major relief to multinationals fighting such cases involving tax demands of thousands of crores of rupee.

'Transfer pricing issues to be decided on case to case basis'

Last Updated: Thursday, January 29, 2015, 14:02

Transfer pricing litigations involving Multi National Companies (MNCs) has to be looked at separately and individually and final decision on cases will be taken on merit, Minister of State for Finance Jayant Sinha said.

Vodafone says stable tax regime important

Last Updated: Wednesday, January 28, 2015, 23:34

Welcoming the government's decision not to appeal against a court order in a transfer pricing case, UK-based telecom giant Vodafone today said stability in tax matters is important for investors.

Govt not to challenge transfer pricing rulings in Vodafone, other cases

Last Updated: Wednesday, January 28, 2015, 18:12

Wooing overseas investors, government Wednesday decided against challenging the Bombay High Court decision favouring Vodafone in the Rs 3,200 crore tax case and adopt a similar approach in transfer pricing litigations involving other MNCs like Shell.

All Jan Dhan bank accounts be linked to Aadhaar: PM Modi

Last Updated: Saturday, January 24, 2015, 15:52

All Jan Dhan bank accounts should be linked to Aadhaar, Prime Minister Narendra Modi said Saturday while asking bankers to speed up this process and redouble efforts on financial literacy.