India-Korea new DTAA to tax capital gains at source

New Delhi , Oct 26

India's revised double taxation avoidance agreement (DTAA) with South Korea, under which capital gains tax will be levied at the source with effect from April 1, 2017, has come into force from September 16, on being notified, an official statement said on Wednesday.

Canara Bank net plunges 33 per cent in Q2

Bengaluru , Oct 26

State-run Canara Bank on Wednesday reported standalone net profit of Rs 357 crore for the second quarter (July-September) of this fiscal (2016-17, registering 33 per cent decline from Rs 529 crore in like period year ago.

Bad loans, not interest rates impeded lending to industries

Chennai , Oct 26

It is the non-performing loans built by government banks that has impeded lending to industries and not the high interest rates charged by the bankers, marketing research and analysis consultancy Frost & Sullivan said on Wednesday.

Indian start-ups on growth path: Nasscom

Bengaluru , Oct 26

Allaying fears of a slowdown, Indian IT industry's representative body Nasscom on Wednesday said the start-up ecosystem was maturing to grow faster and stay ahead of competition from Israel and China.

Haryana will be first state to implement 7th pay panel report

Chandigarh , Oct 26

Haryana will be the first state in the country to give the benefit of the 7th Central Pay Commission (CPC) recommendations to its employees from January 1, 2016, Haryana Chief Minister Manohar Lal Khattar said on Wednesday.

Cess better than additional tax to compensate states: Jaitley

New Delhi , Oct 26

In order to compensate states for loss of revenue in the Goods and Services Tax (GST) regime, a cess on tobacco and luxury goods is an option preferable over additional tax, which will be exorbitantly high, Union Finance Minister Arun Jaitley said on Wednesday.