Notice being served on those named in Panama Papers: Jaitley

New Delhi, April 29 : Notices are being served on those whose names figure in the Panama Papers leaks even as the newly-enacted black money act has resulted in “a certain level of compliance” and helped track black money parked overseas, Finance Minister Arun Jaitley said on Friday. “I would like to say only one […]

RSS does not want government to pass GST bill: Congress

New Delhi, April 29 : The Congress on Friday asserted that the RSS does not want the government to push the Goods and Services Tax (GST) bill for passage in parliament. The party said it will support the key legislation if the Narendra Modi government agrees to its two “principal demands”. “We have been saying […]

Protest against lower interest rate on PF successful: Trade unions

Chennai, April 29 : Central trade union leaders on Friday expressed satisfaction on the success of their one-day protest against the government’s decision to offer 8.7 percent interest instead of 8.8 percent recommended by the Employees Provident Fund Organisation (EPFO), with the higher rate being retained. “The protest was successful with workers across the country […]

Government makes a u-turn on EPF, agrees to 8.8 percent interest rate

New Delhi, April 29 : In a major climbdown after persistent pressure from the trade unions and political parties, the government on Friday increased interest rate on employees provident fund (EPF) deposits to 8.8 percent for 2015-16 from 8.70 percent as it had announced earlier. “I am happy to tell you that the EPF rate […]

IMF to lend $1.5 billion to Sri Lanka

Colombo, April 29 : Sri Lanka will borrow $1.5 billion from the International Monetary Fund (IMF) for the government’s economic reform agenda, the IMF said on Friday. Todd Schneider, IMF mission chief for Sri Lanka, said a staff-level agreement was reached on a three-year programme to be supported by the IMF’s Extended Fund Facility (EFF). […]