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Ashutosh Kumar

  • India's manufacturing industry set to stage a strong comeback

    The Indian tiger seems to be finally waking up from its deep slumber. The country that saw thousands of manufacturing units down shutters amidst unbridled imports from China is now striving to stage a comeback. Prime minister Narendra Modi's dream to make India a manufacturing hub, and, thereby,...

    Saturday, 23 August 2014 - 6:20am
  • OBC, Dena Bank figure in 436 crore FD scam

    The Union finance ministry has unearthed a scam involving public sector banks. The ministry fears the Mumbai-based branches of Oriental Bank of Commerce and Dena Bank have misappropriated funds to the tune of Rs 436 crore. It has ordered a forensic audit and has referred the case involving Oriental...

    Wednesday, 20 August 2014 - 5:00am
  • State governments spend peanuts on construction labourers' welfare as they brave unemployment, price rise

    State govts collect money for their welfare from builders, but spend peanuts

    Monday, 18 August 2014 - 6:06am
  • Did Vijay Mallya divert United Bank's Rs 336 crore loan?

    SBI audit finds KFA 'highly positive' on fund diversion cases, govt orders ED level monitoring of top ten NPAs

    Thursday, 14 August 2014 - 5:00am
  • Sharp rise in gold imports from Switzerland alarms intel sleuths

    Colossal shipments of gold leaving Switzerland for India in recent months have alerted top Central agencies, such as Intelligence Bureau and Customs, on the possibility of the Indian black money stashed in Swiss banks being routed back to the country in the form of gold through hawala operators...

    Friday, 8 August 2014 - 6:15am
  • Nelp-X set to be launched soon

    Will address issues associated with earlier oil exploration rounds

    Saturday, 2 August 2014 - 7:40am
  • World Bank to chip in Rs 6,000 crore for inland waterway project

    The government is likely to get assistance between Rs 4,200 crore and Rs 6,000 crore from World Bank for creation of two barrages on the Allahabad-Haldia cargo and human waterway route – one of the pet projects of the NDA government. The pact for the fund is likely to be signed next week. The...

    Friday, 1 August 2014 - 7:45am
  • Over Rs 70,000 crore bad loans locked in litigation

    If non-performing assets (NPAs) worth a whopping Rs two lakh crore weren't bad enough, the banking sector is staring at another uncertainty. About Rs 70,000 crore, or a third of total bad loans, is locked in a legal battle, with suits being filed in at least 4,000 cases. As on September 30, 2013, 4...

    Friday, 1 August 2014 - 6:30am
  • CBDT to study appellate orders before tax recovery process

    In line with finance minister Arun Jaitley's focus on settling the income tax disputes to garner funds to bridge the deficit, the Central Board of Direct Taxes (CBDT) will soon start a study of the appellate orders to appraise the efficiency of the dispute resolution forums. The government has...

    Friday, 18 July 2014 - 7:15am
  • CBDT to settle tax disputes of Rs 1.34 lakh cr to boost govt revenues

    Target of disposing appellate cases accounts for almost 14% of the total tax revenue planned in the current year's budget at Rs 9,77,258 crore

    Thursday, 17 July 2014 - 7:40am