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News at a Glance

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E-filing of IT returns more successful this year
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    The Income Tax Department has announced that the processing and sending of refunds will be done in a matter of 7 to 10 days.
Posted On : 14/Sep/2015 12:34:40 PM View More & Comment (1350)

Interest rates likely to be cut
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    Interest rates are likely to be cut down by the Reserve Banks as the inflation based on wholesale price is set to come down by 4.3 percent.
Posted On : 12/Sep/2015 4:22:07 PM View More & Comment (1938)

Rs 500 is the most circulated currency in India
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    Rs 500 notes stand on top as the mostly in demand currency note in India.
Posted On : 12/Sep/2015 3:30:06 PM View More & Comment (2375)

Banks closed on 2nd & 4th Saturdays of each month - from tomorrow (12th Sept)
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    With effect from tomorrow, Saturday, 12th September , all the nationalised banks will remain closed on 2nd & 4th Saturdays of every month.
Posted On : 11/Sep/2015 5:00:49 PM View More & Comment (2115)

Global crude oil price of Indian Basket was US$ 46.13 per bbl on 10.09.2015
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    The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 46.13 per barrel (bbl) on 10.09.2015.
Posted On : 11/Sep/2015 12:37:38 PM View More & Comment (1471)

Department of Income Tax Receives 2.06 Crore Returns on the E-Filing Portal
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    As on 07.09.2015 Central Processing Centre Processed 45.18 Lakh Returns Relating to the A.Y. 2015-16 and Issued Refunds to 22.14 Lakh Tax Payers for the A.Y.2015-16:
Posted On : 11/Sep/2015 9:09:00 AM View More & Comment (1595)

TRAI to review mobile operators
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    TRAI says the performance of all mobile operators will be tracked down and a review will take place after 15 days of this tracking.
Posted On : 10/Sep/2015 11:29:30 AM View More & Comment (1829)

Maggi will soon be back!
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    Nestle will roll out Maggi Noodles into the market by the end of this year, as the production is likely to begin in October.
Posted On : 10/Sep/2015 10:58:18 AM View More & Comment (2407)

6% rise in Dearness Allowance for Central Government employees
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    Dearness Allowance for central government employees is increased twice in a year.
Posted On : 09/Sep/2015 6:02:54 PM View More & Comment (1697)

US Government informs Infosys did not violate H1B Visa regulations!
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    In a press release yesterday (Tuesday, 8th September), Infosys, one of the countrys leading software organisations, informed that US government has clarified that the company had not violated the rules and regulations of H1B Visa.
Posted On : 09/Sep/2015 5:59:50 PM View More & Comment (1978)

Entry-level salaries in India among lowest in APAC region
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    According to the latest Asia-Pacific starting salary study by Towers Watsons Data Services Indian graduate entrants into the local job market stand towards the bottom of the Asia-Pacific pay league.
Posted On : 09/Sep/2015 10:30:45 AM View More & Comment (2762)

Disparity in pay - complaints by employees
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    According to a survey, nearly 90 percent of employees feel that their organizations show no pay parity for employees working in the same role or level.
Posted On : 08/Sep/2015 6:40:05 PM View More & Comment (1800)

Auction for Sale (Re-Issue) of Government Stocks
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    The Government of India have announced the Sale (re-issue) of (i) 7.68 per cent Government Stock 2023 for a notified amount of Rs. 2,000 crore (nominal) through price based auction.
Posted On : 08/Sep/2015 12:16:52 PM View More & Comment (2490)

Global crude oil price of Indian Basket was US$ 46.69 per bbl on 07.09.2015
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    The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 46.69 per barrel (bbl) on 07.09.2015.
Posted On : 08/Sep/2015 12:04:37 PM View More & Comment (2087)

PF Insurance Amount raised
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    EPFO (Employees Provident Fund Organisation) has decided to raise the insurance coverage for subscribers insurance from Rs. 3.06 Lakhs to Rs. 5.5 Lakhs.
Posted On : 07/Sep/2015 3:14:21 PM View More & Comment (2580)

More about e-filing your IT returns
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    Tax assessees can now get verification of their returns online from this year.
Posted On : 07/Sep/2015 10:49:13 AM View More & Comment (1872)

IT Department announces reward for information on tax defaulters
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    Secret informers will be rewarded by the Income Tax Department if they give the authorities information abut untraceable assets owned by those who owe huge taxes.
Posted On : 07/Sep/2015 9:45:05 AM View More & Comment (1851)

Doha Bank Group CEO conferred Doctorate in Green Banking and Sustainability
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    R. Seetharaman, Group CEO of Doha Bank was conferred a Ph.D for his doctoral thesis on Green Banking and Sustainability by Sri Sri University, Odisha.
Posted On : 05/Sep/2015 3:53:08 PM View More & Comment (2197)

Practo and Infosys CEOs most popular with employees
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    Data from a US based job hunting website has shown that CEOs from companies such as Practo, which is a healthcare platform, and Flipkart, India’s biggest e-commerce company, have a higher rating.
Posted On : 05/Sep/2015 12:23:02 PM View More & Comment (1994)

Indian software product companies valued at more than $10 billion
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    According to a value of index compilation, India’s top 30 enterprise software product companies are valued at almost $10.25 billion. The report is based on an index called iSPIxB2B.
Posted On : 05/Sep/2015 11:55:36 AM View More & Comment (1707)
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