ECONOMY
Don’t deal in cash if amount is Rs 2 lakh or more, warns Income Tax
03.06.17 - team pt

DO NOT transact in cash if amount is Rs 2 lakh or more otherwise receiver of the amount will have to cough up an equal amount as penalty, warned the Income Tax on Friday.
 
It also advised people having knowledge of such dealings to tip-off the ...
  


Petrol, diesel at your doorstep soon; govt plans home delivery of fuel
21.04.17 - TEAM PT

Soon you may get your motor fuel -- petrol and diesel – delivered at home as the government is exploring the option of door to door delivery to avoid long queues at fuel pumps.
 
The Government is considering a plan for home delivery of petroleum products ...
  


Sand mining through E-bidding auctions in Punjab; Revenue may touch Rs. 300 Cr
19.04.17 - TEAM PT

THE PUNJAB Cabinet on Wednesday approved fresh mine auctions through progressive e-bidding to boost the state revenue multifold, and bring greater transparency into the mining business, which had been cartelized during the previous SAD-BJP regime.
 
The decision, which will bring to an end the earlier practice ...
  


SAD appreciates Capt govt for adopting their idea on power exports
17.04.17 - team pt

The Shiromani Akali Dal (SAD) today  appreciated the Congress government for deciding to take the same line on power export to Pakistan as done by the SAD-BJP government besides hard selling the good work done in the power sector during SAD-BJP rule to attract investment ...
  


Operation Clean Money 2.0: IT to probe 60,000 black money hoarders
14.04.17 - TEAM PT

The Income Tax department has identified about 60,000 individuals in the second phase of  the 'Operation Clean Money' launched today.

The operation has been launched with an aim to detect black money created post demonetisation.
 
Advanced data analytics and integration of data sources, relationship clustering and fund ...
  


Aaj Ka Bhav Kya Hai? Petrol, diesel prices to change daily from 1 May
12.04.17 - team pt

‘AAJ KA kya bhav hai?’, soon you may find yourself asking this question at fuel outlets as petrol and diesel prices in some cities will now see daily change in sync with international rates, according to two officials from oil marketing companies.
 
According to a Livemint ...
  


Fine, Mr Urjit Patel! Now, What is your take on corporate loan waivers and tax concessions?
12.04.17 - Devinder Sharma

This smacks of double standards. Soon after Uttar Pardesh Chief Minister Yogi Adityanath announced a Rs 36,359-crore farm loan waiver, benefitting more than 95 lakh small and marginal farmers, the Reserve Bank of India governor Urjit Patel has lamented that any such move ‘undermines honest ...
  


Reliance Jio to withdraw extension on Jio Prime plan; cancel Summer Surprise offer
06.04.17 - team pt

Advised by the telecom regulator, Reliance Jio on Thursday said it will withdraw the three months complimentary benefits of Jio Summer Surprise, "as soon as operationally feasible, over the next few days".

"Today, the Telecom Regulatory Authority of India (TRAI) has advised Jio to withdraw the ...
  


New ITR forms: details of cash deposits above Rs 2 lakh, Aadhaar mandatory
01.04.17 - Remya Nair*

The income-tax department has notified a simplified one-page tax-return form aimed at making it easier for taxpayers to file their annual returns.
 
At the same time, the new form also requires taxpayers to make additional disclosures—including mandatory linking of tax returns with an individual’s Aadhaar number—which ...
  


Reliance Jio extends Prime membership to 15 days; launches 'Summer Surprise' offer
31.03.17 - TEAM PT

Mukesh Ambani-led Reliance Industries Limited had a bevy of announcements centered around Jio on Friday. Friday was also supposedly the last day before Jio starts charging customers to avail its 4G services. The company informed that its promotional Prime offer had received a whopping 7.2 ...
  


Development ?... OK !... But At What Cost ?
31.03.17 - Observer with Opinion

Development as a concept peaked long, long ago. What is peddled today in its name is mere exploitation - be it of the earth and its resources or of human beings.
 
The word "Development" needs to be urgently banned from the political and academic lexicon of ...
  


Two-wheeler firms Hero, Honda, Bajaj offering discounts up to Rs 24,000 on BS- III models
30.03.17 - team pt

Two-wheeler majors Hero MotoCorpBSE,Honda Motorcycle and Scooter India (HMSI), Bajaj Auto and Suzuki Motorcycle are offering discounts of up to Rs 24,000 on BS-III models to liquidate stocks, a day after the Supreme Court banned sale and registration of such vehicles from April 1. 
 
As per the ...
  


Banks to remain closed on April 1: RBI
29.03.17 - team pt

Reversing its earlier order, the Reserve Bank (RBI) today said the bank branches dealing in government businesses need not remain open on April 1 in view of the annual closing business.

In its earlier directive on March 24, the RBI had asked all authorised banks to ...
  


Monsoon likely to be Below Normal: Skymet
27.03.17 - team pt

India to face a below normal rainfall during the June to September south-west monsoon season, said private weather forecaster Skymet.
 
Rains during June to September are likely to be 95% (with an error margin of +/-5%) of the long period average (LPA) of 887 mm with ...
  


Reliance Jio May Extend Jio Prime Membership Deadline by a Month
27.03.17 - team pt

Reliance Jio may extend the deadline for Jio Prime membership by a month as it is falling short of the targeted sign-ups. The report by TeleAnalysis, citing sources with knowledge of the plan, says that the last day to sign up for Jio Prime membership, ...
  


Now Cash transaction limit to be slashed to Rs2 lakh
21.03.17 - TEAM PT

The Narendra Modi government today moved a fresh proposal to cap cash transactions at Rs 2 lakh instead of the earlier sanctioned Rs 3 lakh.
 
In the government's annual budget presented in February, Finance Minister Arun Jaitley had said cash transactions would be capped at three ...
  


After Jio and Airtel, Idea makes incoming calls on national roaming free
13.03.17 - TEAM PT

The country’s third-largest telecom operator, Idea Cellular, has decided to make incoming calls on national roaming free effective April 1.This facility will be available on both prepaid and postpaid connections across 2G, 3G and 4G networks.
 
This move is seen as an attempt to tackle a ...
  


Opaque System, Obscure Farmers
New Institutional and Financial Arrangements required to bring the Farmers out of the present morass
28.02.17 - suresh kumar*

DESPITE their substantial contribution to the national GDP, India’s farmers, even in agriculturally advanced states, are hostage to government policies and programmes, as well to the machinations of informal players, moneylenders, aarhtias and even dealers selling fertilizers and agro-chemicals. Undoubtedly, the government is spending a ...
  


Jio effect: Airtel Removes Roaming Charges On Calls, Data
27.02.17 - TEAM PT

Bharti Airtel Ltd on Monday said that it has removed additional charges on voice, SMS and data usage on national roaming, in an effort to retain users in the wake of the new entrant Reliance Jio’s free voice and data services.
 
"Airtel customers roaming within India ...
  


WhatsApp’s new Snapchat like 'Status' feature goes Live for everyone, Here's how to use it
24.02.17 - TEAM PT

WhatsApp Status, the new feature which lets users upload photos and videos for their contacts to see, instead of a simple text-based status message, has now gone live. The feature is live on Android, iOS and Windows smartphones across the world. WhatsApp’s new Status, which ...
  



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