by AIP Online Bureau | Dec 28, 2017 | International News, Regulation
Mumbai: India’s only operational International Financial Services Centre (IFSC) – Gujarat International Finance Tec City (GIFT cITY – gets a major boost with Insurance Regulatory Development Authority of India (IRDAI) issuing enabling...
by AIP Online Bureau | Dec 28, 2017 | Indian News
New Delhi: The government on Wednesday slashed interest rates on small savings schemes, including NSC and PPF, by 0.2 percentage point for the January-March period from the rates applicable in the previous quarter, a move that will prompt banks to lower deposit rates....
by AIP Online Bureau | Dec 25, 2017 | Data
Just over 2 crore Indians, or 1.7 per cent of the total population, paid income tax in the assessment year (AY) 2015-16, according to data released by the I-T department. The number of income-tax return filers increased to 4.07 crore in the assessment year...
by AIP Online Bureau | Dec 25, 2017 | Articles, Technology
Mumbai: The digital commerce market in the country is expected to cross USD 50 billion in value by the end of 2018 from the current level of USD 38.5 billion, on the back of a growing internet population and increased online shoppers, says a recent study. The digital...
by AIP Online Bureau | Dec 25, 2017 | Indian News
New Delhi: In order to promote electric vehicles (EVs) in India, auto industry body SIAM has suggested reduction of GST on such automobiles to 5 per cent, besides one-time income tax deduction of 30 per cent of vehicle price for non-financed buyers. In a white...
