Free Press Journal
  • PTI Photo by Mitesh Bhuvad

    GST to lower overall tax burden over time, says RBI governor

    Mumbai: Reserve Bank governor Urjit Patel today said the soon-to-be implemented goods and services tax (GST) will not only create a national market but will also broaden the tax base which in turn will lower the overall taxes in the long-term.

  • Indian IT industry to grow 7-8% in 2017-18, says Nasscom

    Hyderabad: Hit by global political and economic uncertainties, the Indian IT industry’s software exports are projected to grow at 7-8 percent this fiscal (2017-18), which is lower than 8-10 percent in the 2016-17 fiscal, the apex Nasscom said on Thursday.

  • Tatas eyeing stake in Air India: Reports

    New Delhi : Tata group is believed to be discussing buying a stake in debt-laden Air India amid the government looking at various options, including full or partial privatisation, to revive the national carrier, sources said.

  • Uber CEO Travis Kalanick resigns

    New York : Uber’s embattled CEO Travis Kalanick has resigned from the ride-sharing company in the face of intense pressure from some of its investors.

  • Telco heads to meet minister today on financial stress

    New Delhi : Industry bigwigs Sunil Bharti Mittal and Anil Ambani along with other telecom players will meet Communications Minister Manoj Sinha on Thursday to discuss the financial difficulties being faced by the sector.

  • GST is not a big surprise: Economist Ranade

    Mumbai : Unlike demonetisation, Goods and Services Tax (GST) is not a surprise. The country has been talking about it for last 16-17 years, said chief economist of Aditya Birla Group, Ajit Ranade.

  • Petronet in talks to buy stake in GSPC’s Mundra terminal

     New Delhi :  Petronet LNG Ltd, India’s biggest importer of liquid gas, is in talks to buy 25 per cent stake in Gujarat State Petroleum Corporation’s (GSPC) almost- complete Rs 4,500-crore Mundra LNG import terminal in Gujarat.

  • Sebi allows hedge funds in commodity derivatives

    New Delhi : Joining efforts in tackling the over Rs 8-lakh crore bad loans crisis, markets regulator Sebi on Wednesday relaxed its takeover norms for restructuring listed companies with stressed assets.

  • Air India may be sold to TATA Group: Reports

    TATA Group may consider buying the giant beleaguered Air India from government in partnership with Singapore Airlines, ET Now reported on Wednesday citing unidentified sources.

  • Hotel industry welcomes revised GST slab on hotel rooms

    Mumbai: The Hotel and Restaurant Association of Western India (HRAWI) today welcomed the revised goods and services tax (GST) slab on hotel room tariffs that widens the slab of 18 per cent to tariffs ranging between Rs 2,500 and Rs 7,500. With the revision, the highest tax rate of 28 per cent is assigned to tariffs of Rs 7,500 and above, HRAWI said in a release issued here.