Calling it the biggest litigant in the entire Government, Finance Minister Pranab Mukherjee today asked the Income Tax Department to reexamine the way it handles tax disputes. Speaking at the 150th anniversary of the Income Tax in India, the Finance Minister also exuded confidence that direct tax collections, hit by the ...

Do you think India, the largest exporter of service industry in the world deserve such a pathetic treatment from PayPal (America’s oldest online payment processing company)? They suddenly stopped working in India, the payment reversals to buyers without notifying 10000′s of Indian account holders created an strange situation where they ...

The White House has said the USD 819 billion mega economic stimulus package, passed by the House of Representatives amid opposition from Republicans, is on track and exuded confidence it would be signed into law before February 16, a deadline set by President Barack Obama. The American Economic Recovery and Reinvestment ...

Insurance companies Tata-AIG and Oriental Insurance will take a major hit on account of damage to the properties suffered at iconic Taj and Oberoi-Trident during the terrorist violence that ended earlier in the day. Both the five-star hotels, which witnessed major casualties and excessive property loss during the past three days, ...

My heart aches as I write this blog entry and I feel angry and helpless at the same time witnessing the events that were unfolded in last forty eight hours. Mumbai — the city of dreams, — the city that doesnt sleep, — the economic capital of India came to ...

Something horrible is happened in Mumbai. 120 people are dead and 250 injured in a coordinated series of attacks on luxury hotels, train stations, and tourist attractions in India’s financial capital – Mumbai. At least seven sites were struck. And the death toll could easily climb much higher. 60 lifeless ...

What so ever may be the reason for this crisis, but, right now, the first requirement is to join hands and make the situation better, because all of us are in the same position and have a common fear. Every human being from a small investor to a company’s director or ...

A perfect storm had hit the world, so, how can India be indifferent to it? The impact of the crisis is so vast that, even the Finance minister had to cancel his scheduled trip to Washington. According to a spokesperson, the decision was made, so that, government could prepare to ...

Effects of the global financial crisis have already precipitated at each and every corner of the world. Alarm bells had already ranged, when Bush administration was considering taking ownership stakes in certain US banks by passing $700 billion bailout as an option to deal with a severe global credit crisis. ...

Two years back Mr Tata said – ‘I am unfortunately a person who has often said, you put a gun to my head and pull the trigger or take the gun away, I won’t move my head.’ Finally, the devil has won and Ms. Mamta Devil Banerjee has succeeded in ...