Service tax: Govt mulls out-of-court deal to resolve issue with banks

Service tax: Govt mulls out-of-court deal to resolve issue with banks

🕔20:48, 1.Aug 2019

New Delhi, Aug 1  The government may be inclined for an out-of-court settlement in its dispute with banks over unpaid service tax dues to the tune of Rs 38,000 crore with officials indicating a more flexible stance to resolve the

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Bill for timely insolvency resolution passed in Lok Sabha

Bill for timely insolvency resolution passed in Lok Sabha

🕔18:59, 1.Aug 2019

New Delhi, Aug 1  Amid high-profile insolvency cases like Essar Steel and Jet Airways being heard by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC), a Bill that seeks time-bound resolution of such cases was

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Essar Port’s Vizag Terminal registers 45% cargo growth

Essar Port’s Vizag Terminal registers 45% cargo growth

🕔18:58, 1.Aug 2019

Mumbai, Aug 1  Essar Vizag Terminal Ltd (EVTL), which operates the 24 MT (million tonne) Vizag terminal, on Thursday announced a 45 per cent growth in overall cargo throughput in the quarter ended June 2019 on a year-on-year basis. “The

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Pak to grant consular access to Jadhav, India evaluating proposal

Pak to grant consular access to Jadhav, India evaluating proposal

🕔18:56, 1.Aug 2019

New Delhi/Islamabad, Aug 1  Pakistan has decided to grant consular access to Indian national Kulbhushan Jadhav, a fortnight after the ICJ ruling, and has informed India about it. New Delhi confirmed on Thursday it has received the Pakistani proposal and

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Dr. Ashutosh Karnatak assumes charge as Chairman & Managing Director, GAIL

Dr. Ashutosh Karnatak assumes charge as Chairman & Managing Director, GAIL

🕔18:51, 1.Aug 2019

New Delhi, August 1, 2019: Dr. Ashutosh Karnatak today assumed charge as Chairman & Managing Director of GAIL (India) Limited. Dr. Karnatak carries a rich experience of over 37 years in the hydrocarbon sector and is also concurrently serving as Director (Projects) since

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President Kovind gives assent to Triple Talaq Bill

President Kovind gives assent to Triple Talaq Bill

🕔15:07, 1.Aug 2019

New Delhi, Aug 1  President Ram Nath Kovind on Thursday gave his assent to the Triple Talaq Bill, making the practice of giving instant triple talaq orally a criminal offence with provisions of a jail term of up to three

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200 units of electricity free in Delhi: Kejriwal

200 units of electricity free in Delhi: Kejriwal

🕔15:05, 1.Aug 2019

New Delhi, Aug 1  People in the national capital will not have to pay anything for consuming up to 200 units of power, Delhi Chief Minister Arvind Kejriwal announced on Thursday. “People consuming till 200 units of electricity won’t have

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US-China trade talks to continue in Sept: Chinese media

US-China trade talks to continue in Sept: Chinese media

🕔08:19, 1.Aug 2019

Beijing, Aug 01  The US and China will resume trade negotiations in Washington in September after the two countries discussed increasing Chinese purchases of US agricultural products in the latest talks in Shanghai, Chinese state news agency Xinhua reported on

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BSNL to pay July salary by August 5, assures CMD

BSNL to pay July salary by August 5, assures CMD

🕔08:15, 1.Aug 2019

New Delhi, Aug 01  State-run BSNL will disburse the salaries for July to its employees by August 5 from its internal accruals, its CMD P.K. Purwar said on Wednesday. “Today is 31st July. We are working on it. We will

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Johnson’s ‘desi’ cabinet shows Indian diaspora impact: Envoy

Johnson’s ‘desi’ cabinet shows Indian diaspora impact: Envoy

🕔08:10, 1.Aug 2019

New Delhi, Aug 01  British Prime Minister Boris Johnson’s ‘desi’ cabinet, with three Indian-origin leaders in his top ministerial team, is a profound testament of the impact of the Indian diaspora in the UK, British High Commissioner to India Dominic

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India, UK to launch coalition for disaster-proof infra at UN

India, UK to launch coalition for disaster-proof infra at UN

🕔08:08, 1.Aug 2019

New Delhi, Aug 01  India and the UK will jointly launch a global Coalition for Disaster Resilient Infrastructure, an idea that Indian Prime Minister Narendra Modi had reiterated at the G20 summit in Osaka, at the UN General Assembly in

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Next Parliament session to adopt paperless policy: Speaker

Next Parliament session to adopt paperless policy: Speaker

🕔08:05, 1.Aug 2019

New Delhi, Aug 01  Lok Sabha Speaker Om Birla on Wednesday announced during the Zero Hour that the House would adopt paperless policy to save money from the next session. It would help bring down the cost incurred by the

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Jaishankar to attend ASEAN-related meetings in Bangkok

Jaishankar to attend ASEAN-related meetings in Bangkok

🕔08:02, 1.Aug 2019

New Delhi, Aug 01  External Affairs Minister S. Jaishankar will be on a two-day visit to Bangkok to attend ministerial meetings of the ASEAN and East Asia Summit, against the backdrop of escalating tensions in the South China Sea and

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SC reserves order on plea over EWS reservation

SC reserves order on plea over EWS reservation

🕔08:00, 1.Aug 2019

New Delhi, Aug 1 The Supreme Court on Wednesday reserved its order on the issue of referring to the constitution bench a petition on the constitutional amendment for providing 10 per cent reservation for economically weaker sections (EWS). A bench

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Cabinet approves new subsidy rates for fertilizers

Cabinet approves new subsidy rates for fertilizers

🕔08:00, 1.Aug 2019

New Delhi, Aug 01  The Cabinet Committee on Economic Affairs on Wednesday approved subsidy rates for P&K (phosphatic and potassic) fertilizers for the year 2019-20, an official release said. The subsidy rates for nitrogen will be Rs 18.90 per kg,

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Non-subsided LPG cylinder to cost less in Delhi from Aug 1

Non-subsided LPG cylinder to cost less in Delhi from Aug 1

🕔07:58, 1.Aug 2019

New Delhi, Aug 01  The price of non-subsidised LPG cooking gas will be reduced by Rs 62.50 per 14.2 kg cylinder in New Delhi, effective August 1, an official statement said on Wednesday. According to the Indian Oil Corporation, the

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HDFC to reduce home loans rates by 10 bps from Aug 1

HDFC to reduce home loans rates by 10 bps from Aug 1

🕔07:57, 1.Aug 2019

Mumbai, Aug 01  Mortgage lending major HDFC on Wednesday said that it will reduce its retail prime lending rate on housing loans from August 1. The lending major’s ‘Adjustable Rate Home Loans’ will be reduced by 10 basis points with

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$1tn exports for India becoming $5 tn economy: Minister

$1tn exports for India becoming $5 tn economy: Minister

🕔07:56, 1.Aug 2019

New Delhi, Aug 01 Union Minister Piyush Goyal on Wednesday said that India’s exports need to contribute at least $1 trillion for the country to achieve the target of a $5 trillion economy. At an interactive session organised here by

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