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 »
TVS Srichakra to launch radial tyres
TVS Srichakra Ltd., a well-known maker of two-wheeler, three-wheeler and off-road tyres, will be launching radial tyres for motorcycles soon. Unveiling the company’s new identity and logo — TVS TYRES — here on Friday, P. Vijayaraghavan, Director of the company, said the new logo conveyed... read more »
