"The lower rate will be five per cent, the middle bracket of 12 and 18 per cent can be combined to a central rate of round about 15 per cent and we might have a top rate of 25 percent," he said.

India panel wants localization of cloud storage data in possible blow to big tech firms Aug 04 2018

A panel working on the Indian govt’s cloud computing policy wants data generated in India to be stored within the country, according to its draft report seen by Reuters, a proposal that could deal a blow to global technology giants such as Amazon and Microsoft who offer such services.

FPS dealers' margin to be hiked, Union minister to Arunachal Aug 03 2018

Choudhary has assured Arunachal Pradesh of enhancing the fair price shop (FPS) dealers' margin and transportation rate for food grains under the National Food Security Act (NFSA).

Rs 2919 crore approved for safety-related projects in 8 cities, Lok Sabha told Aug 03 2018

The eight cities are Delhi, Mumbai, Chennai, Ahmedabad, Kolkata, Bengaluru, Hyderabad and Lucknow, Minister of State for Women and Child Development Virendra Kumar said.

Govt ready to make more changes, if necessary, to IBC Aug 03 2018

While noting that the code is a game changer, Injeti also sought to dispel certain "myths" regarding the law, including those provisions related to barring of wilful defaulters from the bidding process for stressed assets.

Full implementation of MSP can push fin system under stress: Rangarajan Aug 02 2018

Rangarajan said the full implementation of recent hike in Minimum Support Prices (MSP) for some of the agricultural products may push financial system "under stress."

Railway minister approves new sportspersons promotion policy Aug 02 2018

Piyush Goyal today approved a new policy for promotion of railway sportspersons, according to which not just those who win medals but even those who are awarded Padma Shri or have produced medal winners will be promoted as officers.

Govt may extend deadline for imposition of higher tariffs on 29 US products by 45 days Aug 02 2018

The government may extend by another 45 days the deadline for imposition of higher customs duties on 29 products, including almond, walnut and pulses, imported from the US.

Auction of 44 mineral blocks cancelled: Govt Aug 02 2018

A total of 87 mineral blocks have been notified till now for auction of which 43 have gone under the hammer till July 26, Haribhai said.