Ishaat Hussain to replace Cyrus Mistry as chairman of TCS
Tata Consultancy Services has appointed Ishaat Hussain as chairman with immediate effect. Hussain will hold office until a new chairman is appointed. Cyrus Mistry ceased to be chairman. Mistry was removed as chairman of TCS early in November. The decision was...
‘Demonetization Scheme to have Long Term Positive Impact on Ecomony’: ICAI Nagpur
Nagpur: Prime Minsiter has formulated Demonetization Scheme for curbing corruption and black money menace that is encouraging cross border terrorism. The PM on 8th November 2016 in his address to the nation announced the Demonetization Scheme wherein Indian Rupees Currency...
CAIT welcomes government’s announcement to accelerate towards a less-cas economy
New Delhi: Confederation of All India Traders welcomes the government’s move to take effective steps to curb black money in the country. The Prime Minister’s announcement comes after considerable groundwork done in the last two years by the Finance Minister...
Gone in 60 seconds! Rs 6 lakh crore of investor wealth
Representational Image Stock markets tumbled on Wednesday with an estimated Rs 6 lakh crore getting wiped off from the invested wealth within seconds of opening trade as Sensex plunged 1,689 points on the US election trends showing lead for Donald...
Dalal Street backs PM Modi’s initiative to abolish Rs 500, Rs 1,000 notes to target black money
Prime Minister Narendra Modi's announcement of withdrawing Rs 500 and Rs 1,000 notes from the Indian market has left the Dalal Street very excited. The Prime Minister on Tuesday announced that in an effort to combat black money, the government...
VTA requests State Govt to make provisions to ease problems faced by unit holders in renewal of NIT leased plots
Nagpur: Nagpur Improvement Trust (NIT) from time to time under its various development schemes has leased plots under relevant provisions of Nagpur Improvement Trust Act, 1936 having usage as per Development Plan (DP) of the Nagpur City and the lease...
CAIT to launch massive countrywide GST campaign
Nagpur: Since GST is entirely a technology based taxation system having e-compliance at the core of it and whereas about 70% of the traders in the Country are yet to embrace computerised system in their existing business format, the Confederation...
Vigilance awareness week concludes in Western Coalfields Limited
Nagpur: The week long vigilance awareness week was concluded in Nagpur based Public Enterprise, Western Coalfields Limited (WCL), other day. The Chief Guest of the function was Superintendent of Police (CBI), Jabalpur P K Pandey. While addressing the august gathering...
GST is a great step towards transformation…CA. Abhijit Kelkar
Introduction of Goods and Service Tax will indeed be an important event and next logical step towards a widespread indirect tax reforms in India. The idea is novel, simple, global and logical and therefore causing tremendous excitement, said CA....
Big manufacturers should declare prices of products pre & post GST
Nagpur: The Confederation of All India Traders (CAIT) has urged Union Finance Minister Arun Jaitley to bind Manufacturers to declare price of their products for pre and post GST regime to ensure that if at all cost of production is...
GST Council fixes 5%, 12%, 18% and 28% tax rates
New Delhi: The Goods & Services Tax (GST) Council has finalized a four-rate tax structure -- 5, 12, 18 and 28 percent, Finance Minister Arun Jaitley today announced at a press conference. The FM said that the government has kept about...
Four tax rates under GST will contain inflation
Nagpur: The Confederation of All India Traders (CAIT) said that proposed four tax rates under GST is probably designed to contain inflation under GST. However, decision on Exempted goods, Zero rate goods and levy of tax rate on Gold-Silver is...
Assocham, KPMG warn against sharp anomalies in GST rates
New Delhi: Ahead of the crucial Goods and Services Tax Council meeting on Thursday and Friday, industry body Assocham and consultancy KPMG have called for avoiding sharp anomalies in taxation structure across different industries such as telecom, tobacco and textiles...
Seminar on “Liberalising Labour Laws – Pros & Cons” on November 10, 2016
Nagpur: Prominent industrial associations of the Vidarbha Region viz. Vidarbha Industries Association, National Institute of Personnel Management, Butibori Manufacturers Association are jointly organizing one day Seminar for the industries & professionals of the Vidarbha Region on “LIBERALISING LABOUR LAWS -...
NRHA celebrates Diwali Sneh Milan
Nagpur: Nagpur Residential Hotels Association (NRHA), a registered NGO under Societies Act celebrated Diwali get-together at Hotel Darshan Towers, which was attended by members in large numbers. Prakash Trivedi president of NRHA held Laxmi puja and thereafter welcomed the guests and...
Why the government is seeing red over S&P’s rating
New Delhi: Global ratings agency Standard & Poor’s on Wednesday reiterated its sovereign rating and outlook on India but ruled out any upgrade for this year and the next, citing weak public finances. The government slammed S&P's statement saying there was...
S&P’s decision to not upgrade India should be eye-opener for Modi govt, not frustrate it
New Delhi: Global rater Standard and Poor’s decision to retain India’s sovereign ratings at BBB- and the agency’s comment that any rating upgrade is unlikely in at least two years hasn’t clearly gone down well with the Narendra Modi government. ...
Office automation a must for nation building partners i.e. Chartered Accountants
Nagpur: The Nagpur Branch of WIRC of ICAI had organized a very novel as well as relevant seminar on “E-office for CA” on October 22, 2016 for its members at large at ICAI Bhawan, Dhantoli, Nagpur. The programme was attended...
Maharashtra goes down by two spots to rank 10th in ease of doing business reforms
Nagpur/New Delhi: Chief Minister Devendra Fadnavis, while interacting with media on completion of two years of BJP rule, highlighted a slew of achievements of his government. Fadnavis said the NEETI Ayog has appreciated Maharashtra Government for uplifting of agriculture sector...
Chinese goods sale dip to 60 percent this Diwali
Nagpur: Social media campaign to boycott Chinese products on this Diwali festival launched soon after China supported Pakistan on Uri attack culminated into a steep decline of sale in Chinese goods to about 60% on this Diwali festive purchases. Beside...
WCL observes ‘National Unity Day’
Nagpur: The city-based Miniratna PSU Western Coalfields Limited (WCL) on Monday observed ‘National Unity Day’ to commemorate birth anniversary of country’s first Home Minister Sardar Vallabhbhai Patel which falls on October 31. The Chairman cum Managing Director Rajiv Ranjan Mishra...
