Business

Bhubaneswar: If things go well, National Highway (NH) 55 connecting Sambalpur and Cuttack will be widened to six lanes, while all state highways will be expanded to four lanes, as Works Minister Prithiviraj Harichandan Monday directed officers to fast-track measures for the mega initiative. Reviewing...

Bhubaneswar: Odisha Finance Department Principal Secretary Sanjeeb Kumar Mishra Monday asked bankers to make efforts to increase financial literacy among the poor and rural people to protect them from financial fraudsters. Mishra made the remarks while speaking at an event organised by the Reserve Bank...

New Delhi: The Enforcement Directorate has constituted a special investigation team (SIT) to probe the alleged banking and corporate fraud worth Rs 40,000 crore involving the Anil Dhirubhai Ambani Group (ADAG) and linked entities, official sources said Monday. The SIT is led by an additional...

Mumbai: RBI Monday said banks can extend collateral-free loans up to Rs 25 lakh to Micro and Small Enterprises (MSEs) units on the basis of their good track record and financial position. The Reserve Bank of India (RBI) has amended the directions related to 'Lending...

New Delhi: India will grant quota-based duty concessions in the automobile sector, while access to alcoholic beverages has been offered under tariff reduction and minimum import price-based formulations under the trade pact with the US, the government said Monday. It also said that under the...

New Delhi: India's approach on crude oil purchases has been to maintain multiple sources of supply and diversify them to ensure stability in the energy flow, Foreign Secretary Vikram Misri said Monday amid a swirling controversy over Washington's claim that New Delhi has agreed to...

New Delhi: A comprehensive set of rail infrastructure projects has been approved aimed at eliminating congestion, enhancing line capacity, improving safety systems and enabling faster, more reliable passenger and freight movement across the country, the Railway Ministry said Monday. A press statement from the ministry...

New Delhi: A joint platform of 10 central trade unions Monday said that the call for a nationwide general strike on February 12 is on, and not less than 30 crore workers across the country are expected to join the protest. The group of unions...

New Delhi: The draft Income Tax rules that propose to bring sweeping changes ranging from simplified, smart pre-filled forms, to new limits for PAN quoting for transactions such as payment of hotel bills and buying insurance, will come into effect from April 1. The draft...

New Delhi: Draft Income Tax Rules have proposed significantly raising transaction limits for quoting of PAN for cash deposits/withdrawal in banks, purchase of motor vehicles and property, and payment of hotel bills. The draft also proposes raising the value of perquisites provided by employers, and...