Mumbai: Commerce and Industry Minister Anand Sharma on Saturday expressed confidence that the country would be attracting more direct overseas investments this fiscal. "Despite the gloomy world economy, we received highest FDI of USD 50 billion last fiscal and we are hopeful of attracting more this fiscal," Sharma told reporters here on the sidelines of a powerloom industry function. The Minister's statement comes in the wake of negative investor sentiment...
05:12 AM, Jun 03, 2012
Washington: The legal fight over the US government's new Internet traffic rules will likely drag into next year, according to a proposed court schedule. The Federal Communications Commission in 2010 adopted "net neutrality" rules that forbid broadband providers from blocking access to lawful content, while leaving flexibility for providers to manage their networks. For example, while other rules block access to child pornography, the "net neutrality" rules do not allow...
10:20 AM, May 31, 2012
Kolkata: Bangladesh wants speedy resolution of the visa problems being faced by its nationals who travel to India for medical treatment or to visit their relatives. Urging India to ease the visa rules, Bangladesh Liberation War Affairs Minister Capt (Retd) AB Tazul Islam on Sunday said the issue had been discussed at the foreign secretary level of the two countries. "The issue of visa rules simplification has been discussed at...
07:42 PM, May 13, 2012
New Delhi: Finance minister Pranab Mukherjee on Monday deferred the implementation of GAAR (General Anti-Avoidance Rules) to 2013-14. Speaking on amendments in the Finance Bill in parliament, Pranab also said the onus of proof will lie with the tax authorities and that the proposed retrospective amendment of income tax laws will not override DTAAs with 82 countries. Dinesh Kanabar, Deputy CEO & Chairman, Tax at KPMG and Ketan Dalal, Joint...
01:45 PM, May 08, 2012
New Delhi: Finance Minister Pranab Mukherjee is expected to reply on Tuesday to various proposals in his 2012-13 budget. The Finance Minister will be seeking Parliament's approval to move the Finance Bill and is likely to relook at some of the controversial proposals, such as changes in the tax laws that would impact Vodafone and the implementation of the General Anti-Avoidance Rules (GAAR). Sources point out that a major rollback...
07:14 AM, May 08, 2012
New Delhi: Bowing to pressure, Finance Minister Pranab Mukherjee on Monday announced a slew of measures to provide relief to the jewellery sector and postponed implementation of the General Anti-Avoidance rules (GAAR) by one year, but offered no concessions to Vodafone involved in tax dispute. Moving the Finance Bill, 2012 for consideration and passage in the Lok Sabha, Mukherjee halved the capital gains tax for private equity investors to 10...
02:33 PM, May 07, 2012
New Delhi: The World Wrestling Entertainment Extreme Rules event was held at the Allstate Arena in Rosemont, Illinois in US on Sunday. It was the fourth event under the Extreme Rules chronology. In the main event, John Cena defeated Brock Lesnar in the Extreme Rules match. The match lasted almost 18 minutes. Earlier, in the pre-show match, Santino Marella defeated The Miz, winning the Singles match for the WWE United...
12:09 PM, Apr 30, 2012
New Delhi: Indian students who wish to work after their studies in the UK will now need to apply for a job with a licensed Tire 2 sponsor, the government said on Wednesday. In a written reply in Lok Sabha, Minister of State for Human resource Development D Purandeswari said the Post-Study Work visa, which earlier allowed students to work in the UK for two years after they completed their...
12:17 AM, Apr 26, 2012
New Delhi: Picking holes in the functioning of the Gujarat Government, a CAG report has said that the state's compliance with various rules and procedures was "unsatisfactory" and its budgetary control "inadequate". The report of the Comptroller and Auditor General (CAG), which was tabled in the state assembly on Friday, has also rapped the state government for its failure to formulate sports policy and promote planned usage of water resources....
07:43 PM, Mar 31, 2012
New Delhi: The Delhi High Court Friday issued notice to the health and family welfare ministry on film director Mahesh Bhatt's plea seeking quashing of a notification prohibiting smoking scenes in movies. Bhatt said that the government's notification of Sep 27, 2011 was 'illegal and arbitrary' and violated his fundamental rights. A division bench of Justice Sanjay Kishan Kaul and Justice Rajiv Shakdher refused to stay the notification as sought...
03:53 PM, Mar 17, 2012
A day after government's tough stand on drunk driving, mixed reactions have come in from across the country. ...
10:30 PM, Mar 02, 2012
The cabinet on Thursday approved tough amendments to the Motor Vehicles Act. ...
12:12 AM, Mar 02, 2012
New Delhi: The Cabinet on Thursday approved amendments to the Motor Vehicle Act, increasing steeply the fine to be paid for traffic rules violations. According to sources, the Cabinet has approved the amendments to the Act for harsher punishments for offences like drunken driving and violation of traffic rules. Here is a list of all the traffic offences that can make you shed hefty penalty or land you in further...
06:50 PM, Mar 01, 2012
London: Chelsea spent 28 million Pounds on firing manager Carlo Ancelotti and hiring Andre Villas-Boas, an outlay that does not appear to be paying off with the team performing worse in the English Premier League this season. Ancelotti was ditched in May after failing to win a trophy in his second season at Stamford Bridge, prompting owner Roman Abramovich to take a costly gamble on luring the inexperienced Villas-Boas from...
02:46 PM, Feb 09, 2012
Washington: To make America more attractive to highly-skilled foreign students and workers, the United States has announced a series of reforms, including changes in the F-1 and H-1B visa rules, that may benefit professionals from India. The interim measures are aimed at improving the competitiveness of US companies in the world market and stimulating US job creation before comprehensive immigration reforms for "fixing our broken immigration system," the Department of...
01:30 PM, Feb 04, 2012
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