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Govt defers GAAR implementation to 2016

TNI Bureau: In a huge relief to foreign investors, the government has deferred the implementation of the GAAR (General Anti Avoidance Rules), anti-tax avoidance provisions, to 2016. Analysing the current situation, Finance minister P…

Things to Know about LPG Portability

TNI Bureau: The massive protests might have been seen in India against the Centre's decision over the cap on subsidised cylinders, the web-based LPG connection portability has been launched in Chandigarh. The cooking gas might be now…

Infosys denies Layoff Reports

TNI Bureau: India's software firm Infosys denied a newspaper report that had said that the company is planning to fire up to 5000 employees for their poor performance. It was also reported that the sacking of employees will be as part of…

SBI launches ‘Mobicash Easy’ Service

TNI Bureau: The State Bank of India (SBI) has launched a mobile wallet service to increase more customers offering them the services like funds transfer, DTH recharge and bill payment. The Mobicash Easy will be initially available in Mumbai…

RBI keeps Repo Rate and CRR unchanged

TNI Bureau: The Reserve Bank of India kept the Cash Reserve Ratio (CRR) and repo rate unchanged. The central bank would bring a huge relief to the loan takers as it hinted at the rate cut in the third quarter policy review, which is slated…