Search Results for: corporate income tax

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World Bank team reviews Sarnath to boost tourism in Uttar Pradesh

Sarnath, Feb 03 (ANI): A team of specialists from the World Bank arrived in Sarnath city of Uttar Pradesh to inspect the area as part of state government's programme to boost tourism at the pilgrimage site. The team, which is on a two-day visit, has come to help and suggest the government in order to develop the area and boost tourism. Sarnath, located at about 10 km from holy city of Varanasi, is the place where Buddha chose to deliver his first sermon. One of the members of the visiting team, Geetanjali said the team has come to review the area and explore the possibilities of integrating other areas to generate income for the locals. The major priority is to chalk out a development plan by inspecting the main areas. The team would visit the local village areas to understand the livelihood opportunities linked with tourism and inspect the zoo and traffic system of the area. Feb 3, 2015
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India needs 'predictable' tax regime, says Jayant Sinha

New Delhi, Jan 29 (ANI): India needs a 'simple, predictable and fair' tax regime to restore foreign investor confidence, said Minister of State for Finance Jayant Sinha on Thursday. On Wednesday, the Bombay High Court dismissed a tax notice amounting to Rs 3,200 crore sent against Vodafone, ruling that there is no taxable income on share premium received on the issue of shares. After the ruling, the Centre decided to not appeal against the judgement, however stressing that while many cases are currently sub-judice, every case has to be looked at differently. Jan 29, 2015
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Government not to appeal Vodafone tax ruling

New Delhi, Jan 29 (ANI): The central government will not appeal a regional court ruling in favour of Vodafone Group Plc in a long-running tax dispute, the cabinet decided in a move aimed at boosting investor confidence in Asia's third-largest economy. Vodafone, the biggest foreign corporate investor in India, has been involved in a series of tax disputes since it entered the country seven years ago. In one such case, India's tax office had accused a unit of the British group of under-pricing shares in a rights issue to its parent company and demanded tax of about 30 billion rupees. The Bombay High Court had in October ruled in favour of Vodafone, and later the attorney general had recommended the government to refrain from appealing that ruling at the Supreme Court. Communications and IT Minister Ravi Shankar Prasad said the decision was in direction to assure investors of a fair and just Indian government. Jan 29, 2015
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German businesses adapt to new minimum wage

Launched at the start of this year, Germany's national minimum wage of 8 euros 50 should mean an initial boost in income for almost 4 million people. Duration: 02:46 Jan 28, 2015
rajasthan-cm-vasundhara-raje-meets-us-president-barack-obama

Rajasthan CM Vasundhara Raje meets US President Barack Obama

New Delhi, Jan 28 (ANI): Rajasthan Chief Minister Vasundhara Raje met US President Barack Obama at the banquet hosted by President Pranab Mukherjee recently. Obama was accompanied by his wife Michelle. Raje along with a bevy of political and corporate leaders shared the table in the banquet hosted by President Mukherjee in honour of the Obamas. During his visit to India that started on Sunday morning the US President attended various events and ceremonies including President's Banquet, CEO's roundtable and Town Hall event apart from the Republic Day parade. Jan 28, 2015
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