Regulation

Tax department to launch project for scrutiny assessment by email

This will see select taxpayers assessed without calling them to its offices.

Oct 25, 2015

Europe's top privacy watchdog warns against transfer of personal data to US

Court struck down system enabling companies to easily transfer Europeans' personal data across the Atlantic.

Oct 24, 2015

Banks allowed to fix interest rates on deposits under govt's gold scheme

The customers can prematurely withdraw from the scheme upon completion of a minimum lock-in period and paying penalty to be fixed by banks, RBI said.

Oct 23, 2015

EU orders Netherlands to recover $34m from Starbucks

The European Commission ruled on Wednesday (21 October) that Starbucks and Fiat benefited from illegal tax deals with the Dutch and Luxembourg governments, in cases with major implications for the taxation of multinational companies.

Oct 21, 2015

Call drop penalty norms fraught with glitches, warn analysts

It ignores issues like technical hurdles, poor spectrum policy and obstacles in roll-out of towers.

Oct 21, 2015

CBI unearths Rail Neer supply scam; books 2 ex-top railway officials, 7 companies for corruption

One of the accused was a private secretary to a former union minister.

Oct 17, 2015

US court orders Apple to pay $234 million for using BITS Pilani graduates' technology

The case centres on technology that became a component of processors that run widely popular Apple devices such as iPhone and iPad.

Oct 17, 2015

EPFO to roll out online PF withdrawal facility soon

The EPFO has to link at least 40% of UANs with Aadhaar numbers and bank accounts of subscribers to make the facility operational.

Oct 16, 2015

Panel suggests cess on petrol, diesel, mobile calls to fund Swachh Bharat?

Naidu said that "Swachh Bharat was above politics."

Oct 15, 2015

Regulations to bring order to taxi app market in the offing

Tough new legal guidelines are to be unveiled soon by the Union government to regulate the burgeoning taxi app market.

Oct 13, 2015

Supreme Court to impose environment cess on commercial vehicles entering Delhi

Environment compensatory charge (ECC) to range from Rs 700 to Rs 1,300 on commercial vehicles entering Delhi.

Oct 9, 2015

David Cameron uses sex joke to attack dangerous Labour leader Jeremy Corbyn

The prime minister made the quip during his keynote speech at the Conservative Party conference.

Oct 7, 2015

Edmund Shing: Payment Protection Insurance to batter Barclays, Lloyds, and RBS again

UK banks have been pretty bad boys, caught out for a succession of PPI scandals.

Oct 6, 2015

George Osborne: Whitehall will give councils control of £26bn in devolution revolution

The chancellor unveiled the major tax policy at the Conservative conference in Manchester.

Oct 5, 2015

Govt to make PAN mandatory for cash purchases exceeding certain limit: FM Arun Jaitley

The move is a part of the Modi government's efforts to put a check on black money in the country.