Business advisory
BIZ-SWISSBANKS-TRUSTS Black money probe: Tax haven trusts come under scanner for Swiss bank accounts New Delhi/Berne: A number of trusts set up in overseas tax havens using a complex maze of entities have come under the scanner of Indian and Swiss authorities for suspected tax evasion by parking of illicit funds in Switzerland-based banks, as per notices issued to those entities.
BIZ-FINMIN-BANKS Govt unlikely to announce capital infusion for PSU banks in Budget New Delhi: The government is unlikely to announce capital infusion for the public sector banks (PSBs) in the upcoming Budget and will rather encourage them to expedite recovery of bad loans and raise funds from the market.
BIZ-UNLISTED COMPANIES Govt plans quarterly, half-yearly fin statement reporting norm for unlisted cos New Delhi: Unlisted companies might soon be required to submit their financial statements to the government on a quarterly or half-yearly basis, an official said.
BIZ-WORLDBANK-EASE-BUSINESS World Bank's ease of doing biz: DPIIT focusing on 6 parameters to push India's ranking New Delhi: The Commerce and Industry Ministry has prepared a blueprint to further improve India's ranking in the World Bank's ease of doing business index with a focus on six parameters, including enforcing contracts and starting a business, an official said.
BIZ-SMEV-FAME Electric 2-wheeler makers learning to survive without subsidy,FAME II not worked:SMEV New Delhi: Mass segment electric two-wheeler makers are learning to "live without government support" as FAME II scheme to promote electric mobility has not met its objective, according to industry body SMEV. MKJ MKJ