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Food Ministry favours hike in tur dal import duty to 25%

Food Ministry favours hike in tur dal import duty to 25%

Food and Consumer Affairs Minister Ram Vilas Paswan said his ministry is in favour of increasing import duty on tur dal from 10 per cent to 25 per cent in…

FinMin ratifies 8.65% rate on EPF: Minister

FinMin ratifies 8.65% rate on EPF: Minister

Labour Minister Bandaru Dattatreya said that the Finance Ministry has approved 8.65 per cent interest rate on EPF for 2016-17. The ratification of the 8.65 per cent on EPF will…

States can borrow directly from foreign agencies for infra projects

States can borrow directly from foreign agencies for infra projects

The Central government on Wednesday allowed state entities to borrow directly from bilateral overseas lending agencies like JICA to fund infrastructure projects. The decision would directly benefit important projects such…

TCS logs in 4.2% rise in Q4 net; expects better days ahead

TCS logs in 4.2% rise in Q4 net; expects better days ahead

Largest software exporter TCS on Tuesday reported a 4.2 per cent growth in March quarter net profit at Rs 6,608 crore and guided towards a better year even though pressure…

Railways to export locos, train sets worth Rs 680 cr to Sri Lanka

Railways to export locos, train sets worth Rs 680 cr to Sri Lanka

Indian Railways will supply modern locomotives and train sets worth Rs 680 crore to Sri Lanka, in the largest export order for the public transporter. Rail India Technical and Economic…

Finance Ministry okays 8.65% interest on EPF

Finance Ministry okays 8.65% interest on EPF

The Finance Ministry is believed to have permitted the Labour Ministry to go ahead with 8.65 per cent rate of interest on employees’ provident fund for 2016-17, which will benefit…

President gives nod to four supporting legislations on GST

President gives nod to four supporting legislations on GST

President Pranab Mukherjee has given his approval to four supporting legislations related to Goods and Services Tax (GST), paving the way for the roll out of one-nation-one-tax regime from July…

EPFO members to get loyalty-cum-life benefit of up to Rs 50,000

EPFO members to get loyalty-cum-life benefit of up to Rs 50,000

Retirement fund body Employees’ Provident Fund Organisation’s (EPFO) subscribers will get loyalty-cum-life benefit of up to Rs 50,000 at the time of retirement for contributing to the scheme for 20…

Infosys plans Rs 13,000 cr payout via buyback, dividend

Infosys plans Rs 13,000 cr payout via buyback, dividend

Infosys said it will pay up to Rs 13,000 crore to shareholders during the current financial year through dividend and/or share buyback. “The Board has identified an amount of up…

No plans to demonetise Rs 2,000 notes: Govt

No plans to demonetise Rs 2,000 notes: Govt

There are no plans to demonetise the new Rs 2,000 currency notes, the government said, scotching ‘rumours’ to this effect. “We are seizing fake currency. As far as rumours in…

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