Air India brings back passengers stranded at Budapest
Air India on Friday pressed into service two of its India bound international flights to bring back passengers stranded at Budapest, the capital of Hungary. The flights arrived in Mumbai and Delhi late in the afternoon, Air India officials said. Last night Air India flight AI 130 from London to... read more »
Direct Tax collections up 13% in April-Dec
Gross direct tax collections – including tax on personal and corporate incomes – from April to December of financial year 2014-15 are up by 12.93 per cent at Rs. 5,46,661 crore as against Rs. 4,84,063 crore collected during the same period in 2014. The rate of growth of the collections is just... read more »
Reserve Bank modifies ECB policy
The Reserve Bank of India (RBI) on Friday relaxed norms for the External Commercial Borrowing (ECBs) by allowing banks and companies to restructure and reschedule the existing borrowings. The modification to the ECB policy will come into force with immediate effect. “The RBI allowed changes /... read more »
Jaitley hints at not raising tax rates; sops for manufacturing
Finance Minister Arun Jaitley has hinted at not raising tax rates and providing incentives for manufacturing in the coming Budget while asserting that ‘structural changes’ will have to be made to get the economy to 8-9 per cent growth. Hard selling India to global investors at the World... read more »
