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No Pay No Work, Air India Employees Union Proposes To Go On Strike

A consortium of unions representing employees of Air India has announced that it would go on strike from April 2 if salary dues are not paid immediately or if the Aviation Ministry fails to provide a concrete plan towards clearing all pending dues within a stipulated period.

Mar 30, 2012

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Treasury Considers Phase Out of Accelerated Depreciation for Some Industries to Attain Budget Surplus

The Treasury is studying the phase out of accelerated depreciation and research and development tax breaks for some industries for the Gillard government to deliver its promise of a budget surplus by 2012-13.

Mar 30, 2012

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Kingfisher Airlines Likely to Lay-off its Employees: Sources

Kingfisher Airlines has been receiving brickbats from all the directions over its massive cut down in its flight operations, undue payments of salaries and outstanding tax amounts, owing to the debt crisis airlines is now mulling to resize its staff department and closing down of office across India in order to cost cut the expenses, said sources.

Mar 27, 2012

Kingfisher Airlines Agrees To Clear Rs 10 Crore Of Service Tax Dues

Central Board of Excise and Customs (CBEC) chief S K Goel on Sunday said that the ailing Kingfisher airlines had agreed to clear Rs.10 crore of its whopping Rs.76 crore service tax due, in service tax arrears which it has already collected from passengers, by end of this fiscal year.

Mar 25, 2012

Govt Warns Kingfisher Airlines of Canceling Its License

Kingfisher Airlines could get into more trouble with the civil aviation minister warning to strip off its license if the airline fails to meet the safety norms and financial viability conditions.

Mar 20, 2012

India Inc Welcomes Union Budget 2012-2013

Leading business bodies and industrialists in the country welcomed the Union Budget 2012-2013 presented by the Union Finance Minister Pranab Mukherjee, Lok Sabha Friday.

Mar 16, 2012

Union Budget 2012-13: Summary

The Union Budget 2012-13 identifies five objectives to be addressed effectively in the ensuing fiscal year. Here is the summary of the general budget.

Mar 16, 2012

IAF to Acquire Rafale Fighter Planes (PHOTOS)

French company Dassault has won a multi-billion deal to supply 126 Medium Multi- Role Combat Aircraft (MMRCA) to the Indian Air Force (IAF).

Feb 2, 2012

Kerala Governor M O H Farook Dead

Kerala Governor M O H Farook died at a hospital in Chennai due to kidney failure Thursday night.

Jan 27, 2012

TAPI Gas Pipeline Project: India and Pakistan Agree Transit Fee Formula

At a bilateral discussion between the Indian Minister of Petroleum and Natural Gas, S. Jaipal Reddy, and Pakistan's Federal Minister for Petroleum and Natural Resources, Asim Hussain, in New Delhi on Wednesday, both nations have reportedly "agreed to settle the Transit Fee issue at the earliest".

Jan 26, 2012