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Taxman gets new tech tool to identify, kill duplicate PAN

After years of labour, the I-T department has finally got a new technology tool to check duplicate PAN cards, allowing them to ?kill? it.An ambitious electronic platform called the Income Tax Business Application-Permanent Account Number (ITBA-PAN) has been operationalised. It…

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Fed stance shifts gold target

So far this year, gold has been the frontrunner in the rally by precious metals. It has also performed in line with our beginning-of-the-year forecasts. The first upside target for gold for the year at $1,155/ounce and the second at…

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FY17e growth likely to be ahead of the pack

Recent commentary suggests Infosys could guide to c1ppt higher than NASSCOM?s 10-12% y-o-y guidance for FY17e, which would be positive vs current expectations. Despite concerns on macro and industry deceleration, momentum is likely to sustain on the back of strong…

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Retro tax settlement scheme to open from June 1

Government will open from June 1 its one-time offer to settle retrospective tax disputes involving firms like Vodafone and Cairn Energy after rules are framed for them to pay principal tax and get waiver from interest and penalty. The rules…

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Bullard says Fed's goals largely met, rates should edge up

The U.S. central bank’s inflation and employment goals have essentially been met and it would be “prudent” to edge interest rates higher, St. Louis Fed President James Bullard said on Friday. “Prudent policy suggests edging the policy rate and the…

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Bullard says Fed's goals largely met, rates should edge up

The U.S. central bank’s inflation and employment goals have essentially been met and it would be “prudent” to edge interest rates higher, St. Louis Fed President James Bullard said on Friday. “Prudent policy suggests edging the policy rate and the…

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Lafarge India begins Rs 10,000-cr sell-off

Lafarge India begins its sale process this week after receiving approval from the Competition Commission of India. The French cement giant has appointed Arpwood Capital and Citi as investment bankers to sell the entire India operations, which has an annual…

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Excise department issues tax notices to jewellers

Jewellers have started getting tax notices over the one per cent excise duty imposed by the Budget for 2016-17, even as they called off their 18-day strike on the issue from Saturday evening, after assurances from Finance Minister Arun Jaitley…

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