Tax cash transactions above Rs 50,000: CMs tell Modi

New Delhi, Jan 24 : The government must tax cash transactions above Rs 50,000, abolish banks’ interest on credit card transactions, give tax refund to consumers on digital payments and extend Rs 1,000 subsidy on smart phones to promote a less-cash, digital economy, a panel of Chief Ministers has said in a report. “To curb […]

Rijiju lays foundation for integrated check-post at Dawki

Dawki (Meghalaya), Jan 24 : Union Minister of State for Home Kiren Rijiju on Tuesday laid the foundation stone for a Rs 92.34 crore integrated check-post (ICP) at the India-Bangladesh international border here in Meghalaya to boost bilateral ties. “The ICP will generate employment opportunities and provide a major fillip to the economy of the […]

Naidu Committee on digital payments submits interim report to PM

New Delhi, Jan 24 : The Chief Ministers’ committee on Digital Payments headed by Andhra Pradesh Chief Minister Chadrababu Naidu on Tuesday submitted its interim report to Prime Minister Narendra Modi and recommended a slew of measures to make such payments more attractive than cash. Among the measures recommended were, relief in prospective taxes for […]

BSE’s IPO oversubscribed 1.55 times on the second day of offering

Mumbai, Jan 24 : Stock exchange major BSE’s initial public offering (IPO) was oversubscribed by 1.55 times on Tuesday, the second day of the Rs 1,243.43 offering. According to the data available with the NSE, till 5.00 p.m. on Tuesday, the IPO received bids for 1,67,06,394 shares of the total issue size of 1,07,99,039 shares. […]

Wipro Vice-Chairman Kurien retiring early

Bengaluru, Jan 24 : Software major Wipro on Tuesday announced that Vice-Chairman and Board Member T.K. Kurien would retire on January 31 instead of March 31 after a distinguished career with the company. “TK has been an integral part of our company’s leadership for years. He played a vital role in building and scaling our […]