ECONOMY

Monthly Archives: APRIL 2016


No plans to return to India,I am in‘forced exile’:Mallya
29.04.16 - pt team

Embattled tycoon Vijay Mallya has said he is in a "forced exile” and has no plans to return to India where things are flying at him "fast and furious.”

Mallya, whose passport was revoked this month, said he wanted a "reasonable” settlement with creditor banks for ...
  


India asks UK to deport Vijay Mallya
28.04.16 -

India said on Thursday it had asked Britain to deport Vijay Mallya, the liquor tycoon who flew to London last month as bankers pressed him to repay about $1.4 billion owed by his defunct Kingfisher Airlines.
 
According to a report by Reuters the Ministry of External ...
  


Jaitley stays firm against Jewellers
10.04.16 - pt team

Refusing to relent on excise duty levy on non-silver jewellery goods, Finance Minister Arun Jaitley today said a "luxury item" cannot remain out of tax ambit when taxes need to be paid on many essentials.

A large section of jewellers and bullion traders have been on ...
  


Defaulters Should Not Be Named And Shamed : Raghuram Rajan
05.04.16 - pt team

RBI Governor Raghuram Rajan has advocated on Tuesday that the Supreme Court should keep confidential the list of defaulters that owe Rs 500 crore or more to public sector banks. 

Citing the example of credit card default, Dr Rajan said, "Sometimes you default on your credit ...
  


Tobacco Companies Shut Factories; Opposing Cigarette Larger Pictorial Warnings
01.04.16 -

Major cigarette manufacturers including ITC, Godfrey Philips and VST have decided to shut all their factories and stop manufacturing with effect from today in the wake of larger pictorial warnings covering 85 per cent of the packaging space coming into force. 

The companies, which are members ...
  



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