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PM Modi announces e-visas for Chinese tourists at Tsinghua University

In a confidence building measure, Prime Minister Narendra Modi on Friday announced that India will grant e-visas to Chinese tourists. “We have decided to extend electronic tourist visas to Chinese nationals,” Modi said addressing students and faculty at the prestigious Tsinghua University in Beijing. Hours before the PM’s announcement, foreign secretary S Jaishankar had said […]

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India and China signs 24 agreements worth $10 billion

India and China on Friday signed a record 24 agreements in key sectors, including in railways and education on day two of Prime Minister Narendra Modi’s first visit to the communist neighbour. Protocol for setting up Consulates-General at Chengdu and Chennai besides a memorandum of understanding on consultative mechanism for cooperation in trade negotiations were […]

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Govt committed to passage of GST in July says Finance Manager

Hitting out at opposition for dragging its feet on the GST Bill, Finance Minister Arun Jaitley today said “nobody should get a thrill by delaying GST” as the proposed indirect tax reform would improve revenue and growth. He also said “we must pass it come what may in July”. The GST Bill, which was approved […]

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Black Money Bill cleared in Lok Sabha today

The undisclosed foreign income and assets bill 2015 has been passed in Lok Sabha. The bill, which provides for penalty and tax up to 120 percent along with criminal prosecution for those who have parked black money abroad, was passed in the Lower House of Parliament. Finance Minister Arun Jaitley, who moved the bill in […]

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PM Modi launches PM Suraksha Bima Yojana, PM Jeevan Jyoti Bima Yojana, Atal Pension Yojna

The Prime Minister, Narendra Modi at the launch of the three Social Security Schemes, “Pradhan Mantri Jeeven Jyoti Bima Yojana”, Pradhan Mantri Suraksha Bima Yojana”, and “Atal Pension Yojana”, at Nazrul Manch, in Kolkata on May 09, 2015. The Governor of West Bengal, Shri Keshari Nath Tripathi, the Chief Minister of West Bengal, Kumari Mamata […]

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Stock Market mayhem washes away Rs 2.89 lakh cr from investor wealth

Total investor wealth today plunged by Rs 2.89 lakh crore to slip below the crucial Rs 100 lakh crore mark after a bloodbath in the stock market where the benchmark Sensex nosedived 723 points. Tracking the extreme weak stock market sentiment, the total investor wealth of BSE-listed companies plummeted by Rs 2.89 lakh crore to […]

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BSE Sensex gains 291 points in early trade on global cues

In an early trade today the benchmark BSE Sensex rallied over 291 points at 27,302.63  after a long weekend on fresh buying by participants as the May series in derivatives segment began amid positive Asian cues. The 30-share index, which had lost 385.07 points in the previous two sessions, gains 291.32 points, or 1.08 per […]

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Finance Minister exempts foreign investors from MAT; simple ITR on way

Seeking to calm investor jitters, Finance Minister Arun Jaitley on Thursday offered tax relief to FIIs by exempting some of their income from MAT and announced that an “extremely simplified” income tax return form will soon replace the controversial 14-page ITR that sought details of all bank accounts and foreign trips. Replying to the debate […]

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Japan proposes new JWG on N-talks; Cos set to invest 3 bn USD in India

Japan on Wednesday proposed a new Joint Working Group to discuss civil nuclear cooperation as its Minister of Economy, Trade and Industry Yoichi Miyazawa came here along with a delegation of top business leaders who are set to invest USD 3 billion in India in immediate future. Miyazawa made the offer when he met Prime […]