Category «News»

Focus on Restoring Indian Economy back on the path of higher growth: FM

The Union Finance Minister Shri P .Chidambaram said that higher growth in economy gives an opportunity to the Government to roll out development programmes for different sections of society especially for neglected and poor sections of society. In this regard he specifically mentioned about MGNERGA, National Rural Health Mission, Prime Minister’s Gramin Sadak Yojana and …

Net Direct Tax Collections Figures for April-December 2012-13 Up by 13.70 Percent at Rs. 3,68,322 Crore as Against Rs. 3,23,956 Crore in the Same Period Last Year

Gross Direct Tax collections during April-December of the Financial Year 2012-13 was up by 8.01 percent and stood at Rs. 4,28,278 crore as against Rs. 3,96,530 crore in the same period last year. While gross collections of Corporate Taxes showed an increase of 4.94 percent and stood at Rs. 2,83,170 crore as against Rs. 2,69,850 …

CBDT Grants Exemption from TDS on the Payments of Certain Categories to Mitigate Compliance Burden on Businesses Held by Individuals, Firms or Corporate Etc Who are Using the Financial Services Offered by Banks

To mitigate compliance burden on businesses held by individuals, firms or corporate etc who are using the financial services offered by banks, the Central Board of Direct Taxes (CBDT) has issued a notification u/s 197A(1F) granting exemption from tax deduction at source (TDS) on the payments of certain categories. Payment towards bank guarantee commission, cash …

Dr. A.P.J. Abdul Kalam Inaugurates Children Science Congress Says to Achieve Target one needs Excellence in Thinking and Actions Future of India will be Shaped by the Youth of the Nation-S. Jaipal Reddy

The Children Science Congress was today inaugurated by former President of India Dr. A.P.J.Abdul Kalam here inKolkata  at S.N.Bose National Center for Basic Sciences today. Speaking on the occasion Dr. Kalam said the this Indian science congress standing is on the shoulders of  great scientific minds SN Bose, JC Bose, Meghnath Saha, Sir CV Raman, Srinivasa Ramanujan, Homi Bhabha and Vikram Sarabhai and many great scientists.He said would like to share few thoughts on the topic “Excellence in thinking …

In January, all the fun and excitement of shopping in Paris

At the beginning of January, it is a winter sales frenzy in Paris the capital of Shopping and Fashion. On this occasion, the Paris Convention and Visitors Bureau launches the 7th edition of the marketing operation ‘Shopping by Paris’. And, publishes the Paris Shopping Book 2013, a French-English bilingual guide offering six bespoke shopping itineraries. …

CFA Institute Names Dr. Tony Tan Head of Standards and Financial Market Integrity, Asia Pacific

CFA Institute, the global association of investment professionals that sets the standard for professional excellence and credentials, has named Dr. Tony Tan, CFA, the head of Standards and Financial Market Integrity, Asia Pacific, with effective immediately. He is responsible for leading CFA Institute efforts in advocacy, policy development and regulatory outreach in the Asia Pacific …

First Meteorite Linked to Martian Crust

Washington, D.C.—After extensive analyses by a team of scientists led by Carl Agee at the University of New Mexico, researchers have identified a new class of Martian meteorite that likely originated from the Mars’s crust. It is also the only meteoritic sample dated to 2.1 billion years ago, the early era of the most recent …

Record year for LKAB’s deliveries 2012

During 2012 LKAB delivered 26.3 million tonnes of iron ore products, the highest delivery volume in modern times. The previous record, set in 2010, was exceeded by 0.3 million tonnes. “Despite market unrest, we have managed to sell everything LKAB has produced – and then some,” says Markus Petäjäniemi, LKAB’s Senior Vice President, Logistics and …

There is A need to Revive investment in Manufacturing and Service Sector in Order to Create higher job Opportunities: FM

Union Finance Minister Shri P .Chidambaram said that there is a need to revive investment in manufacturing and service sector in order to create higher job opportunities. The Finance Minister said that at present, the economy is passing through a difficult phase mainly due to external factors and, therefore, there is immediate need to tide …