Tag Archives: Government

Government Plans To Boost Tourism, Travel In Budget: Report

The move could add to a domestic tourism boom in the world’s second most populous nation New Delhi: The government is planning to cut taxes on travel and tourism in next month’s Union Budget and give more incentives to the $210-billion sector, government sources said, hoping to boost economic growth and create more jobs. The move could add to a ... Read More »

Government looks to speed up small business rates relief

The government has stepped in to try to speed up business rate relief to thousands of small firms. Businesses in England, hit by huge hikes in their rates bills, were promised millions of pounds in support by the chancellor in March. But months on from the start of the new tax regime in April, many are still waiting for their ... Read More »

Tesla In Talks With Government Of India To Exempt Import Duty For Its Cars

HIGHLIGHTS Tesla has plans to build a local factory in India Import duties in India will affect the prices of Tesla cars Tesla plans to launch the Model 3 in India We’ve always kept you updated about Tesla coming to India. We’ll be more than happy to see the car maker here but there are some obstacles that it is ... Read More »

India owes £5 million to London government but refuses to pay it

For the first time, dues owed by the Indian high commission as part of London’s congestion charge – mandatory for all vehicles moving in a zone marked “C” – have crossed £5 million. It is one of a list of foreign mission defaulters topped by the United States embassy. A spokesman for Transport for London (TfL) – the local government body responsible ... Read More »

Government Permits 12 PSU Banks To Raise Rs. 3,000 Crore From Market

New Delhi: In a bid to strengthen capital base of public sector banks (PSBs), the government has allowed 12 lenders to raise nearly Rs. 3,000 crore via preferential shares over and above the Rs. 22,915 crore capital support committed to them in July last year. The Finance Ministry granted approval to 12 proposals of PSBs to raise a sum of ... Read More »

Banks Must Keep Deposits Record Of Scrapped, Valid Notes, Says Government

s New Delhi: To avoid any malpractices, the government has asked all public sector banks to strictly maintain a record of deposits made through both old Rs. 500 and Rs. 1,000 notes and other valid currencies. In a letter written to chief executive officers of public sector banks, the Finance Ministry asked that “maintenance of records regarding deposit of Specified Bank Note (SBN) and Non-SBN, as ... Read More »

Apple Said to Hold Talks With Government About Retail Stores in India

Apple Inc officials on Tuesday met Commerce Ministry top brass amid its plans to open stores in India without initially having to source components locally. According to sources, the meeting chaired by Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek lasted for almost an hour with senior officials from Apple discussing details of the new Foreign Direct Investment ... Read More »

Government Tightens Note Exchange Norms, Lowers Limit To Rs. 2,000

New Delhi: With the shock demonetisation move in the middle of marriage and sowing seasons causing hardships, the government on Thursday eased restrictions on cash withdrawals by farmers and families with upcoming weddings but more than halved the limit at Rs. 2,000 for exchange. Economic Affairs Secretary Shaktikanta Das said now families preparing for a wedding can withdraw up to ... Read More »

Cooperate With Government To Clean Up System, Says Ramdev on Demonitisation

New Delhi: Lauding the demonetisation of high denomination notes, yoga guru Ramdev on Sunday said the Narendra Modi government has dealt a severe blow to corruption, black money and terrorism and urged people to cooperate with the Centre in this endeavour to clean up the system. “By demonetising Rs 500 and Rs 1,000 denomination notes, Prime Minister Narendra Modi ‘ji’ ... Read More »

Government Mandates Indian Language Support on All Phones Sold From July 2017

Government has mandated support for Indian languages in all mobile phones to be sold in the country from July 1, 2017 onward. “In exercise of the power conferred by clause 10(1) of Bureau of Indian Standard Act… the central government, hereby includes the Indian language support for mobile phone as per IS 16333 (Part-3) to the schedule of ‘Electronics and ... Read More »