Service Tax: Penalty norms encouraging voluntary compliance

Last Updated: Wednesday, June 3, 2015, 18:29

In case of voluntary payments along with interest, reduced penalty have been provided depending upon the stage of litigation i.e. Prior to issuance of show cause notice, after issuance of show cause notice but before adjudication or after adjudication.

This time, RBI may cut rate to spur investment: Bankers

Last Updated: Monday, June 1, 2015, 14:47

"We have surplus liquidity in the system as there has not been much credit offtake. So, repo window does not give banks any advantage as we don't borrow from banks at this point. So, the CRR window helps us bring down cost of funds. We expect and will request 0.5 percent cut in CRR, which would release about Rs 40,000 crore into the system," Bhasin added.

'Projects worth Rs 26.5 lakh cr stuck on regulatory issues'

Last Updated: Sunday, May 31, 2015, 11:46

There were a total of 16,966 projects with investments worth over Rs 154 lakh crore from various sectors, both public and private sources, as on December 2014.

RBI may cut repo rate by 25 bps on June 2: Assocham

Last Updated: Wednesday, May 27, 2015, 18:25

The Reserve Bank is likely to slash the benchmark interest rate by 0.25 percent to stimulate demand, with retail inflation at 4.87 percent in April, much below the apex bank's target of 6 percent by January 2016, according to Assocham.

'India Inc expects more reforms in major areas from Modi government'

Last Updated: Sunday, May 24, 2015, 12:22

He pointed out that there are select sectors of the economy which are under stress, including housing, real estate, banking and telecom.

Ease end-use curbs for issuance of ECBs, FCCBs: Assocham

Last Updated: Tuesday, May 19, 2015, 21:38

To facilitate long-term fund raising by infrastructure companies, industry body Assocham has demanded easing of end-use restrictions for issuance of commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs).

7/10 for Modi govt's first year, needs to clear tax issues: Assocham

Last Updated: Sunday, May 17, 2015, 14:00

Giving the Modi government 7 out of 10 for its first year's performance, Assocham Sunday said it still needs to cover some ground on tax issues and a lot more needs to be done on improving ease of doing business.

'Govt needs contingency plan to tackle crude price volatility'

Last Updated: Sunday, May 10, 2015, 12:36

Oil prices rupee terms, prices have shot up by 11 percent from Rs 3,789.86 to Rs 4,203.94 per barrel.

Loopholes in black money bill can lead to harassment: Assocham

Last Updated: Wednesday, May 6, 2015, 19:32

Stating that there are several loopholes in the proposed black money law, industry chamber Assocham has asked the government to provide for an "immunity" to those wanting to avail the one-time window of compliance.

FTA may give China an upper hand, says Assocham

Last Updated: Monday, May 4, 2015, 18:19

A free trade agreement (FTA) between India and China may put India at disadvantage as China enjoys an edge in the manufacturing sector as well as tariff rates, according to Assocham.

Cut iron-ore prices by 25%: Assocham to centre

Last Updated: Wednesday, April 15, 2015, 20:34

To help domestic steel industry become competitive, the government needs to bring down iron ore prices by 25 percent, industry body Assocham said on Wednesday.

Assocham lobbies against NSEL merger with parent firm

Last Updated: Sunday, April 12, 2015, 16:12

Opposing the proposed merger of crisis-hit National Spot Exchange Ltd (NSEL) with its parent FTIL, industry body Assocham has said that a company cannot be held liable for "any alleged liability" of a subsidiary.