INDUSTRY & ECONOMY
NRIS
To parents, with offshore love
I am an NRI and I want to gift some money to my parents. This money they would deposit in post office, invest in equity shares and purchase agricultural land. Will there be any tax implication on such gifts? Suresh There will ...
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HOTELS
Bangalore awaits ITC Gardenia
Total investment in 3 projects may top Rs 1,000 cr
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INFRASTRUCTURE
Private sector funds to be tapped for infrastructure: PM
The Prime Minister, Dr Manmohan Singh, on Saturday laid the foundation for two important projects, which are expected to bring great relief to the city reeling under rapid urban conglomeration and severe commuting problems. Commending ...
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PETROLEUM
ONGC, DGH reach accord on hydrocarbon discoveries
Company agrees to report its performance on NELP blocks
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Kolkata chaos
STRANDED: Normalcy in Kolkata was disturbed on Saturday following a protest staged by the Trinamool Congress workers against the hike in the prices of petroleum products. ...
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TAXATION
AI Express gets sales tax waiver on ATF
Air India Express, the low cost airline from Air India, is expected to see a drop in its fuel bill during the current fiscal, with the Finance Ministry specifying that the aviation turbine fuel (ATF) for its international flights would be ...
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HCV/LCV/TRACTORS
MNCs driving into Indian commercial vehicles space
This auto segment witnessed 50 per cent growth during last fiscal
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DISINVESTMENT
NMDC disinvestment opposed
The Centre's move to disinvest 15 per cent of its share in the National Mineral Development Corporation (NMDC) to private agencies, has been opposed by the Corporation's Worker's Federation. The All-India NMDC Worker's ...
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HUMAN RESOURCES
Learning the local ropes
FOR BETTER ACQUAINTANCE: Korean employees of Posco-India in Bhubaneswar trying to learn Oriya to overcome communication problems with people around and be familiar with locals in the proposed plant areas of steel giant in Orissa. ...
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EXPORTS & IMPORTS
Cashew export body calls for uniform food safety policy
The International Nut Council (INC) is likely to discuss the proposal of the Cashew Export Promotion Council of India (CEPCI) to formulate a uniform policy for food safety and standards acceptable to all the nations. This point came for ...
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ECONOMIC OFFENCES
Seminar on petroleum adulteration
A day-long seminar addressing issues related to the adulteration of petroleum products will be held here on June 26. Organised by Centre for Consumer Education Research Training and Testing (CONCERT), it will dwell on aspects ...
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