Business

As per the guidelines issued by the Department of Industrial Policy and Promotion (DIPP) on FDI in e-commerce, foreign direct investment (FDI) has not been allowed in inventory-based model of e-commerce.

Fed Chair Janet Yellen, however, noted that the United States continues to face risks from an uncertain global economy.

Recovery in the domestic equity market also boosted the rupee value against the dollar, a forex dealer said.

The Employees' Provident Fund Organisation has also slapped a notice of Rs 7.62 lakh on the airline for short payment of PF dues.

Sources said one of the issues flagged by the Department of Legal Affairs is that in case of material breach by French companies of their obligations under the supply protocol, the Indian side would first have to take legal recourse against them but canno...

The department suspects that in many cases where declarants have claimed tax exemption under this category could either be because of a data entry error on their part or a genuine case of tax evasion.

"We don't want to create a situation where we overstate the crisis and in the process, the whole activity of lending for growth itself starts suffering because people become extraordinarily defensive. We don't want to reach that situation, said Jaitley.

He also said the government is considering ESOPs for PSU bank officials besides strengthening the SARFAESI Act and Debt Recovery Tribunals to deal with the problems of stressed assets that are estimated at around Rs 8 lakh crore.

He said the Budget for 2016-17 aims at taking forward economic reforms, increasing spending on infrastructure and giving a boost to overall development of the country.

"While doing this I have ensured that development agenda has not been compromised," Jaitley said in the next fiscal's Budget speech.

The government, Jaitley said, will also focus on infrastructure investment, financial sector reforms, fiscal discipline and tax reforms to reduce compliance burden.

Unveiling the Union Budget in Parliament on Monday, Finance Minister proposed to support exporters in order to boost overseas shipments.

The Sensex opened higher at 23,238.50 and moved between 23,293.80 and 23,066.41 before quoting at 23,293.80 just after Jaitley stood up to present the Union Budget, up 139.50 points, or 0.60 per cent.

Indutrialist Ratan Tata who has already invested in 20 start-ups so far has now invested an undisclosed amount in home rental company NestAway

When one looks at the hotel bill he sees the multitude of compounded taxes that are levied on accommodation as well as F&B.