- 27 May 1604:45 PMGearing up to roll out the General Anti-Avoidance Rule (GAAR) from April next to check tax evasion through overseas jurisdictions, the CBDT today initiated a consultation process with general public and all stakeholders on provisions of the new regime.04:14 PMIndia has dropped from the second position in the Million Dollar Round Table (MDRT) in 2014 to fifth position in 2015. The country's largest insurance company Life Insurance Corporation of India (LIC) sends maximum number of agents to MDRT.03:12 PMForeign direct investment (FDI) into India increased by 16.5% to $2.46 billion in March this year.03:10 PMRailway Minister Suresh Prabhu on Friday, said efforts are on to take the public transporter 'out of the ICU' and create a situation where it can breathe well.03:06 PMIn what could prove to be a serious threat to the effectiveness of antibiotics in the future, researchers have for the first time found a person in the United States carrying bacteria resistant to the antibiotic colistin, reported the Washington Post11:32 AMInstitutional lending to the micro, small and medium enterprises in Telangana saw a sharp rise in 2015-16, signalling a turnaround in SMEs that was bogged down by problems of power supply and operational losses until last year.10:28 AMA British secession from the European Union (EU) in next month's referendum could have disastrous economic consequences, G7 leaders warned today at the close of a summit in Japan.09:09 AMPrime Minister Narendra Modi has rejected the notion that his government has failed to pursue "big bang" reforms, saying he has undertaken "maximum reforms".04:39 AMAs the Modi government enters its third year, one of its flagship scheme — Jan-Dhan Yojana — seems to have more takers in Uttar Pradesh and West Bengal than any other state.04:31 AMThe government plans to hasten the adjudication of service tax, excise and customs cases older than a year. These should be disposed first, Revenue Secretary Hasmukh Adhia has told the Customs, Excise and Service Tax Appellate Tribunal (CESTAT).04:30 AMThe government and the Reserve Bank of India (RBI) have been working on how to reduce cash transactions in the economy. In this regard, they formed a committee last month, of seven members, chaired by a ministry official, Neeraj Kumar Gupta.03:35 AMThe southwest monsoon is likely to reach the country later than usual and gain momentum over the months, but that’s hardly good news for agriculture if the showers are in excess and their distribution skewed.02:25 AMTo boost innovation in the country, NITI Aayog has invited applications from schools, institutions and individuals seeking financial support for setting up research laboratories under the Atal Innovation Mission (AIM).01:28 AMTo ensure transparency and greater disclosure, the Reserve Bank said Thursday it will disclose all compounding orders under FEMA from June 1 for information of general public.12:40 AMThe Union environment ministry has proposed to overhaul the regulations which identify and protect wetlands under the Environment Protection Act (EPA).12:36 AMTerming a sharp slowdown in China as a "significant risk" for the global economy and the South Asian Association for Regional Cooperation (Saarc) region in particular, Reserve Bank of India (RBI) Governor Raghuram Rajan said on Thursday the12:36 AMReserve Bank of India (RBI) on Thursday said finance companies will have to implement a debt-restructuring package, under the Joint Lender's Forum and multiple banking arrangements in 90 days.12:33 AMPrime Minister Narendra Modi reiterated the development theme at a massive rally in Saharanpur in western Uttar Pradesh in the simultaneous launch of the Bharatiya Janata Party (BJP)'s election campaign and its second anniversary in power.12:33 AMRBI has directed all banks and white-label ATM operators to have chip-and-pin based card infrastructure. Earlier, the regulator had directed banks to issue only chip-and-pin based cards and migrate old cardholders to these new cards.
- 26 May 1606:22 PMIndia is expected to employ 2.9 million flexi staff by 2018, thereby becoming the third largest country to employ contract employees globally, says a report.