Equalization levy will be charged at the rate of 6 per cent of the amount of consideration for 'specified services' received by a non-resident not having a permanent establishment in India
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A major highlight of the budget is rationalisation of VAT structure, bringing it on par with the rates prevailing in the neighbouring states
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Presenting the 2016-17 Budget in the assembly, Delhi's deputy chief minister Sisodia said assessment of all hotels is compulsory
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The deal, likely to be completed by mid-2016, will help GVK reduce debt by Rs 2,000 crore and save up to Rs 300 crore a year in interest costs
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Telestra Tradeplace holds nearly 10 per cent stake in the low-cost airline. While Tata Sons would buy 7.94 per cent shareholding, the remaining stake would be purchased by the carrier's two directors -- S Ramadorai and R Venkataramanan, in their individual capacity
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Justifying slashing of interest rates on small saving instruments such as PPF, Finance Minister Arun Jaitley said on Monday interest rates in India are 'extraordinarily' high and the country risks becoming the most sluggish economy if lending rates continue to rule high
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The minister says India can take steps to prevent recurrence of such corporate misdemeanours in the future
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The minister will meet top 25 CEOs and executives of Australia's largest superannuation funds at the 'Invest in India Roundtable' on Friday
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The world's richest Hindu temple is asking to be repaid in gold for longer-term deposits it makes under the government's monetisation scheme
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Indebted Air India, which last made an annual profit in 2007, has seen its market share shrink in recent years amid rising competition from private carriers.
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