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ET56 :: Finance ministry states : INR 1.33 lakh crore tax non-recoverable!


New Delhi: The Finance Ministry has written off INR 1.33 lakh Crore direct taxes – they say it is non-recoverable. A Parliamentary committee has come down heavily on this news. Question is how was this allowed to reach such “irretrievable’ levels. Out of a total demand of INR 2,48,927 crore as direct tax arrear, the … Continue reading

ET51 :: Please invest in Bengal: Mamata Banerjee’s plea to industry.


Kolkata: West Bengal chief minister Mamata Banerjee told a conclave of realtors, builders and urban infrastructure developers in Kolkata today, “My heart is with you but my hands are tied.” Blaming the Left Front rule of 34 years for the state’s financial doldrums, she stuck to her guns about not doing away with the Urban Land … Continue reading

ET27 :: BJP to oppose government on FDI in retail in Parliament


New Delhi: Refusing to give up on the FDI in multi-brand retail issue which could affect its core vote bank of small traders, BJP on Wednesday said it will oppose the government decision in Parliament and try to build a joint strategy with NDA partners and other political parties. “BJP will strongly oppose the government … Continue reading

ET26 :: Kingfisher fails to keep promise; staff still to get May salary!


The Story Summary Employees of the grounded Kingfisher Airlines have not received their salaries for May despite a commitment from the management, sources said. Kingfisher employees had last month agreed to return to work after a 26-day deadlock as the airline agreed to pay March salaries immediately, April salaries by October 31, and May salaries … Continue reading

ET 10 :: Mukesh Ambani runs India, not PM: Arvind Kejriwal’s third ‘expose’ | NDTV.com


New Delhi: Activist-turned-politician Arvind Kejriwal today accused the Prime Minister of selling out the country to allow windfall profits to  Mukesh Ambani’s Reliance over its contract to develop  the  country’s key natural gas field in the Krishna Godavari (KG) basin. “It appears that Mukesh Ambani and not the PM runs the country,” Mr Kejriwal said, wearing … Continue reading

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