Friday, April 28, 2017
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Government has no plan to impose any tax on agriculture income: FM Jaitley
New Delhi, Apr 26 (Agencies): A day after NITI Aayog member Bibek Debroy made a strong case for taxing agriculture income, Finance Minister Arun Jaitley said that the government has no plans to impose any tax on agricultural income. "I categorically state that the Central government has no plan to impose any tax on agriculture income," Jaitley said in a tweet, clarifying that the Centre has no constitutional authority to tax agricultural income. As per the constitutional allocation of powers, the central government has no jurisdiction to impose tax on agricultural income, the tweet further said. Debroy had said on Tuesday that taxes should be imposed on agricultural income above a certain threshold in order to expand the tax base. "On expanding the base on the personal income tax sid...
Kashmir Times News Report
Jaitley flags H-1B visa concerns with US treasury secy
NEW DELHI, Apr 23 (Agencies): Finance Minister Arun Jaitley has raised the issue of restrictions on H-1B visa with his US counterpart Steven Mnuchin as India fears the curb would impact the movement of Indian IT professionals to America. During his meeting with the US Treasury Secretary, Jaitley also highlighted the contribution Indian companies and professionals are making to the US economy. President Donald Trump has signed an executive order for tightening the rules of the H-1B visa programme to stop its 'abuse' and ensure that the visas are given to the 'most- skilled or highest paid' petitioners, a decision that would impact India's USD 150 billion IT industry. The Indian IT industry has expressed serious concerns over this as these visas are mainly used by domestic IT professiona...
Kashmir Times News Report
Indo-Israel ties more visible under Modi govt : Israel
NEW DELHI, Apr 23 (Agencies): Appreciating that Indo-Israel ties were more "visible" after the Modi government has come to power, Israel said today that India's policy of not having a "zero-sum game" while dealing with the Jewish nation and the Arab countries has sent a strong message. Ahead of first prime ministerial visit from India, expected to take place in July, Israeli Ambassador here Daniel Carmon also strongly pitched for deeper cooperation in strategic ties, spread over wide-ranging sectors, including, defence, security, agriculture, education and culture. There is a lot of "visibility" in Indo-Israel relations after Prime Minister Narendra Modi has come to power and the Jewish nation respects that change, Carmon told agencies in an interview. "India's policy of not having a ze...
Kashmir Times News Report
NITI Aayog meet: PM calls for debate and discussion on simultaneous elections
NEW DELHI, Apr 23 (Agencies): Prime Minister Narendra Modi on Sunday called for carrying forward the debate and discussion on simultaneous elections. PM Modi made the observations at the third meeting of the Governing Council of Niti Aayog. At the same time, he also said that consensus on Goods and Services Tax (GST) reflected the spirit of 'one nation, one aspiration, one determination'. "The consensus on GST will go down in history as a great illustration of cooperative federalism. GST reflects the spirit of 'One nation, One aspiration, One determination'," an official statement quoted PM Modi as saying. According to the statement, the Prime Minister also said GST shows the strength and resolve of the federal structure. GST reflects the spirit of 'one nation, one aspiration, one de...
Kashmir Times News Report
Ford extends its sales, service reach in J&K
JAMMU, Apr 21: Committed to elevating the ownership experience, Ford India extended its sales and service reach in Jammu and Kashmir region with the inauguration of Tawi Ford in Jammu. Led by Ashiq Wani, dealer principal, Tawi Ford will be located at Bachiter complex, Channi Himmat, NH1-Bypass in Jammu and support customers on Sales, Service, and Spares (3S). Built following the Ford guidelines, the new dealership is spread over 19,100 square feet with Service facility being fully equipped with 16 service bays to deliver a differentiated after sales experience. Inaugurating the new facility, Anurag Mehrotra, executive director, Marketing, Sales, and Service, Ford India said, “With our world-class product portfolio and surprisingly affordable service, we are committed to delivering a...
Kashmir Times News Report
Forget long queues at fuel stations!
You may soon get home delivery of petrol and diesel
NEW DELHI, Apr 21 (Agencies): New Delhi: Government is considering a plan for home delivery of petroleum products to consumers if they make a pre-booking, the oil ministry tweeted on Friday. The ministry further said that the move is aimed at cutting long queues at fuel stations. Additionally, come May 1, you will have to pay new price for petrol and diesel every day in sync with international rates, much like what happens in most advanced markets. To begin with, daily revision of fuel prices will be implemented in Puducherry and Vizag in southern India, Udaipur in the West, Jamshedpur in the East and Chandigarh in the North. State fuel retailers currently revise rates on 1st and 16th of every month based on average international price of the fuel in the preceding fortnight and curren...
Kashmir Times News Report
JK Bank hires Delloitte as their overhaul Consultants
Consultancy Engaged for remodeling organizational dimensions-Chairman
JAMMU, Apr 20: JK Bank today entered into an agreement with M/S Delloitte thereby engaging them as their consultants for providing consultancy services on Business Plan Strategy and Organisational Transformation through Business Process Re-Engineering, IT Intervention, Career and succession planning and several other innovative initiatives. On behalf of J&K Bank the agreement was signed by Surjeet Singh Sehgal, Executive President, while as Sanjoy Datta, Partner Delloitte Touche Tohmatsu India LLP signed on behalf of Delloittee in presence of the associated officials from both organization. Delloite is the UK Incorporated and New York Headquartered largest Auditing and Management Consultancy Firm in the World with revenues of USD 12 billion and 57000 practitioners on its rolls. It has ...
Kashmir Times News Report
Oil ministry slams petrol pump operators' move to close fuel outlets on Sundays
NEW DELHI, Apr 20 (Agencies): The petroleum ministry has denounced the decision of a section of petrol pump operators, mostly in South India, to keep outlets shut on Sundays, saying such a move will inconvenience the general public. It took umbrage at the Consortium of Indian Petroleum Dealers using Prime Minister Narendra Modi's appeal of not using fuel for a day to help cut India's import dependence, saying it was aimed at conserving fuel and not for petrol pump owners to remain shut. Already, the All India Petroleum Dealers Association, which claims to represent 80 percent of the 53,224 petrol pumps of public sector oil firms, has said it is not participating in the closure exercise. Southern states of Tamil Nadu, Kerala, Puducherry, Andhra Pradesh, Telangana, parts of Karnataka -- ...
Kashmir Times News Report

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