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The Union Cabinet on Wednesday approved a reserve price of R3,705 crore per megahertz (Mhz) for the March 4 auction of the 3G spectrum — 36% higher than what the Telecom Regulatory Authority of India (Trai) had recommended.
The size of the economy in the 2013-14 fiscal could be roughly 6% larger than estimated earlier once the government changes the base year for calculation to 2011-12 from 2004-05, as already proposed, according to a report by India Ratings
The Agriculture Ministry has come out with draft guidelines of the “Price Stabilization Fund” to be made operationalised this fiscal for procurement and distribution of potato and onion. The Price Stabilisation Fund (PSF), with a corpus of Rs 500 crore, aims to check price
In what can be called a comeback strategy, the troubled Spice Jet, which has been undergoing a restructuring and revival exercise, on Wednesday, announced its first super sale offer for 2015. Five lakh seats will be up for grabs starting
Oil’s slump is set to extend the biggest drop in liquefied natural gas costs in five years, spurring demand in emerging Asian economies.LNG prices in Japan, the world’s biggest buyer of the fuel, will probably plunge 35 percent in 2015
Supreme Court on Wednesday after dismissing appeals filed by around 60 companies upheld the amendment to the Securitisation Act that gave power to every financial institution to decide a period after which a bad loan can be declared as a
Transfer pricing adjustment – Whether issue of shares at a premium by the Petitioner to its non-resident holding company gave rise to any income from an admitted International Transaction – Held that – The amounts received on issue of share
For the purpose of section 115JB of the Act, statutory reserves (such as reserve required to be created by NBFC under section 45-IC of the RBI Act,1934) are to be treated alike and in a similar manner as other reserves.
Condition precedent for application of section 153A is that there should be a search under section 132, however, initiation of proceedings is not dependent on any undisclosed income being unearthed during such search