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18 July, 2018 12:40 PM Karnataka government to decide on free bus pass to students in a week

The Karnataka government today said it would take a decision soon on the issue of providing free bus pass to all categories of students across the state. "Education Minister has said that the education department will foot 25 percent of the cost. Chief Minister is currently in Delhi, once he is back, both the Education Minister and I will meet him regarding 34

17 July, 2018 7:04 AM Tata Steel plans to raise around $3.1 billion through overseas loans

Tata Steel has agreed to transfer two-third of its $18 billion debt to the new joint venture with Thyssenkrupp. The company will service the remaining debt with this loan. Tata Steel may raise around USD 3.1 billion through overseas loans to repay existing debt, ahead of the merger of its European operations with Thyssenkrupp, according to a report 50

14 July, 2018 7:59 AM First Group Of Haj Pilgrims Leaves For Saudi Arabia

The first batch of Haj pilgrims was today sent off by Minority Affairs Minister Mukhtar Abbas Naqvi, who said the preparations for ensuring a smooth pilgrimage have been completed. The batch of 410 pilgrims from Delhi left for Medina from the Indira Gandhi International Airport this morning. Over 1,200 Haj pilgrims are leaving Delhi for Saudi Arabia 43

11 July, 2018 9:01 AM Govt may increase tax on petrol, diesel cars to encourage electric vehicle sales

The government is considering increasing tax rates on petrol and diesel cars with the aim to encourage sales of electric vehicles. As per a recent proposal by the Ministry of Finance, it has been advised to impose a marginally higher tax on conventional fuel cars. The ministry believes that the move will help avoid the additional financial burden that the government 32

5 July, 2018 10:19 AM Japan Said to Be Eyeing Rating System for Used Smartphones

Japan's communications ministry and the used smartphone industry are considering a system for ranking used smartphones so that consumers will be able to determine their quality and more easily purchase them, The Yomiuri Shimbun has learned. The effort is aimed at expanding the distribution of secondhand smartphones. They plan to establish a study panel 35

3 July, 2018 10:27 AM What is reverse charge mechanism under GST?

Several proposals to improve GST implemetaion include a reverse charge mechanism to improve tax compliance and coverage across organized, partly organised and unorganised sector in India. A year after the PM Modi-led government rolled out the Goods and Service Tax (GST), several changes have been proposed to smoothen the transition as well as widen government's 41

3 July, 2018 8:10 AM Prices of new homes launched in Gurugram up 6.5%: ANAROCK

The average price for new homes launched at Gurugram during January-May 2018 increased by 6.5 percent over a year-ago period on improved demand from end-users, according to property consultant ANAROCK. As per its research, the weighted average price for housing properties launched between January and May in 2018 stood at Rs 4,580 per sq ft as against 39

26 June, 2018 6:48 PM UP Government Hikes Pension Of Political Prisoners During Emergency

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday announced that the pension of loktantra senani (people who were imprisoned during Emergency under MISA and DIR as political prisoners) from Rs 15,000 per month to Rs 20,000 per month. In a statement issued in Lucknow, a state government spokesperson said, "The chief minister has announced that the monthly 51

25 June, 2018 5:01 PM Harley-Davidson May Shift Some Manufacturing Out Of US To Escape Tariffs

New York: Harley-Davidson plans to shift some manufacturing of the iconic motorcycles overseas to avoid retaliatory European tariffs imposed last week, the company said Monday. The European Union hit the American motorcycles with duties of 31 percent on Friday, up from six percent, boosting the cost to EU consumers by about $2,200. The EU targeted the US vehicles 35

25 June, 2018 4:10 PM Harley-Davidson will not raise prices to cover tariff costs

Harley-Davidson said it plans to shift production of motorcycles for EU destinations from the United States to its international facilities to avoid the tariff burden. Harley-Davidson Inc said on Monday it would not raise retail or wholesale prices for its dealers to cover the costs of the retaliatory tariffs by the European Union on U.S. products 42