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  • India Needs To Invest In Agriculture For Doubling Farm Income Tue, 07 Mar 2017 16:18:48 +0530
    India needs to make significant investments in modernisation of agriculture as well as food processing if the country wants to double farmer's income by 2022, German ambassador Martin Ney said. The German companies could help India immensely in transforming the agri-business

  • Exempt Special Economic Zones from GST Levies: EPCES Tue, 07 Mar 2017 12:50:19 +0530
    The Export Promotion Council for EOUs and SEZs (EPCES) has urged the government to exempt special economic zones from Goods and Services Tax (GST) levies, reported PTI.The issue was discussed at a workshop on GST impact on SEZs and export oriented

  • Gold Down As US Rate Hike Likely Tue, 07 Mar 2017 12:50:19 +0530
    Gold futures closed lower in the international market on Monday pressured by expectations for a U.S. interest-rate increase as early as this month, but with uncertainty surrounding a wide swath of geopolitics helping to limit any losses for the safe-haven asset.Traditionally,

  • Govt Slashes Trade Mark Forms, E-filing Fees Tue, 07 Mar 2017 12:00:00 +0530
    To promote ease of doing business, the government cut the number of trade mark forms from 74 to just eight and nearly halved the fee for e-filing applications to Rs 4,500. These changes were notified in the Trade Mark (TM) Rules,

  • Govt To SBI: Reconsider Penalty For Not Keeping Minimum Balance Tue, 07 Mar 2017 11:11:07 +0530
    The government asked State Bank of India, the country's largest lender, to reconsider its decision to levy penalty on non-maintenance of minimum balance, which the bank plans to hike manifold from April 1 impacting over 31 crore savings bank account holders.

  • Suspension On Expedited H-1B Visa To Affect IT Companies: Nasscom Mon, 06 Mar 2017 14:24:35 +0530
    Industry body Nasscom said that US' decision to temporarily suspend the expedited premium processing of H-1B visas will lead to process delays for Indian IT firms too. However, Nasscom feels that the move will not be a "significant impediment" for the

  • GST Council Vets CGST, IGST Laws; 5% Tax on Small Hotels Mon, 06 Mar 2017 13:00:10 +0530
    The GST Council has fixed a 5 per cent tax rate on small hotels and restaurants and approved draft of key supporting legislations to enable rollout of the new indirect tax regime from July 1, reported PTI.The all-powerful Council approved the

  • Aadhaar-Based Authentication Fully Secure: UIDAI Mon, 06 Mar 2017 13:00:10 +0530
    The Indian Government has said that Aadhaar-based authentication is fully safe and secure and there has been no misuse of biometrics data.Moreover, subsidy transfers linked to Aadhaar has led the exchequer to save Rs 49,000 crore during the last two-and-half years.

  • Govt Instructs Banks To eEable m-banking By March 31: Reports Mon, 06 Mar 2017 13:00:10 +0530
    The Indian Government has said that it has instructed banks to link all savings accounts with mobile and Aadhaar numbers by March 31, 2017, and enable mobile banking for such customers. As per reports, all banks have been advised to undertake

  • Dearness Allowance May Be Raised To 2- 4% Effective Jan 1 Mon, 06 Mar 2017 11:57:44 +0530
    The Centre is likely to announce a hike of 2-4 per cent in dearness allowance for its about 50 lakh employees and 58 lakh pensioners later this month. Dearness allowance and dearness relief are provided to employees and pensioners to neutralise

  • Enrol With EPFO, ESIC Through Single Form Soon Mon, 06 Mar 2017 10:48:02 +0530
    Government is planning to introduce this common registration form soon and the basic idea is to make the job easier for firms by cutting down layers of paperwork they go through for the process of registration. Companies will soon have to

  • SBI To charge Penalty For Not Keeping Minimum Balance Mon, 06 Mar 2017 09:12:17 +0530
    After a gap of five years, State Bank of India has decided to reintroduce penalty on non-maintenance of minimum balance in accounts from April 1, and revised charges on other services, including ATMs. The country's largest bank will permit savings bank

  • Markets Next Week: Expect Volatility Ahead Of Election Results Sat, 04 Mar 2017 02:53:59 +0530
    Markets are expected to be volatile ahead of next week's assembly elections, particularly in India's largest state, Uttar Pradesh. The results are largely seen as a referendum to the de-monetization and could give an indication on what lies ahead in the

  • NPS: Subscribers Can Shuffle Fund Allocation Twice A Year Fri, 03 Mar 2017 16:00:00 +0530
    Pension fund regulator PFRDA has tweaked investment norms to allow subscribers of National Pension System to change their asset allocation twice in a financial year. The new norms will come into effect from next financial year beginning April 1, the Pension

  • Railways To Launch Integrated App For Total Travel Solutions Fri, 03 Mar 2017 15:55:00 +0530
    The Railways will launch an integrated mobile application for all travel-related services, including ticketing, hiring taxis and porters, in order to make a journey hassle-free. The mobile app is set to be launched in May. Though there are various mobile applications

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