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  • Surya Sarathi Ray | The Financial Express
    and RINL keeping in mind their future need Goa miners seek PM Narendra Modi intervention over export duty on iron ore Having aproached the ministries concerned in vain with its demand for reducing the export duty on low grade iron ore to nil Goa Mineral Ore Exporters Association GMOEA has now sought Prime Minister Narendra Modi s intervention in the matter as a last resort RCEP India to propose mechanism to resolve non tariff measures The non adversarial mechanism would not alter or diminish the rights and obligations of countries under the RCEP chapter on dispute settlement Road ministry to set up authority to resolve contract disputes Dispute Settlement Authority to have adjudicatory functions and punitive powers No interviews for Class III IV jobs in govt from today PM Modi Prime Minister Narendra Modi has given aspirants of category III and category IV jobs in central government organisations a unique gift this new year Two firms bag highway projects under hybrid annuity model Welspun Enterprises and Apco Infratech have emerged as the successful bidders for the two projects on the Delhi Meerut Expressway All producers interests will be kept in mind says Narendra Singh Tomar Govt is considering the MIP issue given the current state of affairs of the domestic steel industry said Narendra Singh Tomar Steel user units worried over imposition of MIP Reckon that floor price would result in a spurt in steel prices SAIL halves bonuses on losses On a drive to cut operational costs amid adverse market conditions Steel Authority of India SAIL has decided to reduce bonus payments to its over 70 000 non executive employees by almost half this fiscal SAIL to soon launch Rs 400 crore voluntary retirement scheme Set to report its first net loss in 13 years this fiscal SAIL aims to reduce its workforce by 1 500 World steel production continues to see negative growth Not a single major steel producing nation reported positive production growth in November World Steel Association WSA data showed bringing into light the current state of affairs of the industry 1 2 3 4 5 6 Editor s Pick How Zika virus infection can spread From mosquito bites to urine transmission top 5 points to note From Real Madrid to Chelsea Know the top 10 richest clubs New Mahindra cars at the Delhi Auto Expo 2016 Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo 2016 From Real Madrid to

    Original URL path: http://www.financialexpress.com/author/surya-sarathi-ray/ (2016-02-07)
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  • Manish Kumar | The Financial Express
    Delhi Auto Expo 2016 From Real Madrid to Chelsea Know the top 10 richest clubs Earthquake in Taiwan Magnitude 6 4 quake kills 14 over 100 missing scores injured in Tainan Real Madrid s Cristiano Ronaldo 31 soccer star and entrepreneur All you need to know in 8 slides How Zika virus infection can spread From mosquito bites to urine transmission top 5 points to note International Fleet Review 2016 President Pranab Mukherjee reviews naval fleet Asteroid TX68 to pass by Earth on March 5 at 9 000 17 000 km distance NASA Earthquake in Nepal 5 5 magnitude quake injures 15 tremors rock Bihar too Horoscope By Peter Vidal Today 08 Feb This Week 07 Feb 13 Feb SAGITTARIUS Your choices are perfectly clear Loved ones or close companions may be unreasonable but there is probably no escape from emotional tension What you can do however is make a conscious decision to treat all differences of read more Home Markets 2016 02 07 10 49 39 Outlook GDP data Q3 earnings to set market tone GDP IIP and consumer inflation will dictate market movement this week say experts while blue chips SBI and ONGC are also lined up to release their third quarter earnings numbers Sensex end 278 points up on value buying Lupin Vedanta shares surge Top 10 stocks that trended in today s trade Jindal Steel Lupin and more RBI to buy back inflation indexed bonds maturing in 2023 Mutual Fund AUM falls for third straight month in January Companies 2016 02 07 11 47 07 India Post to invest Rs 322 crore to augment parcel capacity In a bid to strengthen its position in the e commerce market India Post has proposed to invest Rs 322 crore till 2019 20 to augment parcel handling capacity through which it projects to earn a revenue of Rs 1 608 crore Facebook bans pages selling medical marijuana in US Aamir Khan loses Snapdeal contract Lupin Q3 net profit dips 12 per cent to Rs 530 crore BSE Institute announces launch of new zone for startups Economy 2016 02 06 19 54 52 Arun Jaitley asks states to step up infra social sector spending Finance Minister Arun Jaitley today said he expects states to increase spending on infrastructure and poverty alleviation schemes as the 14th Finance Commission has devolved higher funds to them Govt approves Rs 17 000 cr highway projects for 9 states Open to idea of separate mechanism for broadcasting cases Arun Jaitley Fattening MGNREGA is a national shame not pride Doubting India s fastest growing GDP stats economists devise their own Tech 2016 02 06 13 34 09 Google engineer builds smart Android powered bathroom mirror A Google engineer has developed a smart Android powered bathroom mirror which automatically displays the latest updates Twitter to launch new Facebook style timeline in 23 countries Mozilla to kill Firefox smartphone operating system InFocus launches BINGO 1 priced at Rs 5 499 in India smartphone exclusively available on Snapdeal Arun

    Original URL path: http://www.financialexpress.com/author/manish-kumar/ (2016-02-07)
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  • Manasi Phadke | The Financial Express
    India debut Auto Expo 2016 New Hyundai Tucson SUV revealed In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo 2016 From Real Madrid to Chelsea Know the top 10 richest clubs Earthquake in Taiwan Magnitude 6 4 quake kills 14 over 100 missing scores injured in Tainan Real Madrid s Cristiano Ronaldo 31 soccer star and entrepreneur All you need to know in 8 slides How Zika virus infection can spread From mosquito bites to urine transmission top 5 points to note International Fleet Review 2016 President Pranab Mukherjee reviews naval fleet Asteroid TX68 to pass by Earth on March 5 at 9 000 17 000 km distance NASA Earthquake in Nepal 5 5 magnitude quake injures 15 tremors rock Bihar too Horoscope By Peter Vidal Today 08 Feb This Week 07 Feb 13 Feb SAGITTARIUS Your choices are perfectly clear Loved ones or close companions may be unreasonable but there is probably no escape from emotional tension What you can do however is make a conscious decision to treat all differences of read more Home Markets 2016 02 07 10 49 39 Outlook GDP data Q3 earnings to set market tone GDP IIP and consumer inflation will dictate market movement this week say experts while blue chips SBI and ONGC are also lined up to release their third quarter earnings numbers Sensex end 278 points up on value buying Lupin Vedanta shares surge Top 10 stocks that trended in today s trade Jindal Steel Lupin and more RBI to buy back inflation indexed bonds maturing in 2023 Mutual Fund AUM falls for third straight month in January Companies 2016 02 07 11 47 07 India Post to invest Rs 322 crore to augment parcel capacity In a bid to strengthen its position in the e commerce market India Post has proposed to invest Rs 322 crore till 2019 20 to augment parcel handling capacity through which it projects to earn a revenue of Rs 1 608 crore Facebook bans pages selling medical marijuana in US Aamir Khan loses Snapdeal contract Lupin Q3 net profit dips 12 per cent to Rs 530 crore BSE Institute announces launch of new zone for startups Economy 2016 02 06 19 54 52 Arun Jaitley asks states to step up infra social sector spending Finance Minister Arun Jaitley today said he expects states to increase spending on infrastructure and poverty alleviation schemes as the 14th Finance Commission has devolved higher funds to them Govt approves Rs 17 000 cr highway projects for 9 states Open to idea of separate mechanism for broadcasting cases Arun Jaitley Fattening MGNREGA is a national shame not pride Doubting India s fastest growing

    Original URL path: http://www.financialexpress.com/author/manasi-phadke/ (2016-02-07)
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  • Indian economic recovery losing steam: Nomura | The Financial Express
    lowered its economic growth forecast for 2015 16 to 7 7 5 per cent from 8 1 8 5 per cent On RBI s policy stance the report said the central bank is expected to deliver a final 25 bps rate cut in April utilising the room afforded by lower commodity prices and weaker growth momentum Beyond that we expect the RBI to stay on hold until end 2016 We will monitor our growth and policy indicators on a monthly basis for early signs of any further deterioration in growth outlook or possible room for further easing it added Meanwhile RBI Governor Raghuram Rajan on February 2 left the key interest rate unchanged citing inflation risks and growth concerns while pegging further easing of monetary policy on government s budget proposals First Published on February 7 2016 8 12 pm Tags Nomura Please Wait while comments are loading More on this story India s growth cycle appears to be holding up Nomura Nomura sees India s GDP growth at 7 8 and 8 2016 2017 Reduce rating on Idea Cellular Spectrum buys will make Idea s financials messier Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto

    Original URL path: http://www.financialexpress.com/article/economy/indian-economic-recovery-losing-steam-nomura/208511/ (2016-02-07)
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  • Iran wants India to pay oil dues in euros | The Financial Express
    system Iran will be opening or re activating euro accounts with Indian banks and would like to have the money transferred from refiners into these accounts The Persian Gulf nation is talking to State Bank of India SBI for the purpose and has also opened an account with IDBI Also it wants settlement with India through the Asian Currency Union ACU and has written to the Reserve Bank of India RBI in this respect they said Kamyab stated that National Iranian Oil Company NIOC would ask buyers of crude in India to open Letters of Credit Lcs in favour of Central Bank of Iran with SBI as was the case in past sources said adding settlement could be done through the ACU and IDBI would be used for the purpose Since February 2013 Indian refiners like Essar Oil and MRPL have been paying 45 per cent of their import bill in rupees to UCO Bank account of Iranian oil company The remaining has been accumulating pending finalisation of a payment mechanism With the lifting of sanctions the payment channels will reopen and Iran is seeking the pending 6 billion in euros The payments would be done in installments to prevent a run on the rupee with MRPL likely to be asked to clear its outstanding of close to 3 billion first Indian Oil Corp IOC which owes over 400 million to Iran may be the second in the queue followed by smaller payments by HPCL Mittal Energy Ltd HMEL and Hindustan Petroleum Corp Essar Oil may be the last to clear its about 3 billion dues Sources said Iran has not yet decided on utilisation of the 3 billion which has accumulated in the rupee account with UCO Bank It could use the money to make payments for imports of steel and other commodities from India First Published on February 7 2016 5 28 pm Please Wait while comments are loading Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo

    Original URL path: http://www.financialexpress.com/article/economy/iran-wants-india-to-pay-oil-dues-in-euros/208492/ (2016-02-07)
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  • Need new work culture of completing projects before time: Narendra Modi | The Financial Express
    refinery here Modi said the government is targeting reduction in oil import dependence by 10 per cent by 2022 by creating policy environment that supports raising domestic output as well as by mixing bio fuels like ethanol in auto fuels It is very natural that I am happy to inaugurate projects But as Prime Minister of a country I don t feel happy at all I would have been happy if these works would have been completed 15 years back when lakhs of people here would have got jobs he said He added that projects in the country face obstructions in the form of court proceedings tender process and sometimes agitations making them very costly For the development of the country we all citizens bureaucracy industry and policy makers have to give birth to such a culture where projects start on time progress within the scheduled time and finish within the pre decided time so that country gets the benefit the benefit comes before scheduled time he said The government he added was trying to bring in this change so that there is no serious loss to the exchequer because of delay Initiatives have to be futuristic and completed before the designated time period Delays shouldn t occur he said adding that in the past ideas originated 50 years back would take 10 years to put them on paper and conceived a similar number of years to lay foundation stone and many more years before it is completed First Published on February 7 2016 4 21 pm Tags Narendra Modi Please Wait while comments are loading More on this story Digital India Startup India American firms asked to take advantage of PM Narendra Modi initiatives Working effectively with Barack Obama can advance India s interest US Balanced approach needed to predict future of startups Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo 2016 From Real Madrid to Chelsea Know the top 10 richest clubs Earthquake in Taiwan Magnitude 6

    Original URL path: http://www.financialexpress.com/article/economy/need-new-work-culture-of-completing-projects-before-time-narendra-modi/208474/ (2016-02-07)
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  • Tax Experts seek more clarity on PoEM norms, seek FAQs from CBDT | The Financial Express
    place where these decisions are made Tax residency said KPMG India s Tax Partner Vikas Vasal is an important concept for determining the taxation of any entity in India therefore the basis for determining the tax residency should be simple clear and easy to apply Though residential status is to be determined based on the facts and circumstances of a particular case it is imperative that objective criterion be laid out to determine PoEM to the extent feasible to avoid uncertainty and potential litigation American Chamber of Commerce AMCHAM in its suggestions to the CBDT has said Given that the changes proposed are new from an Indian perspective appropriate guidelines or Frequently Asked Questions FAQ should be issued to provide clarity to the taxpayers on various questions relating to PoEM Ashok Maheshwary Associates Managing Partner Amit Maheshwari said that the CBDT should not go ahead with the implementation of draft PoEM guidelines as it would go against the non adversarial tax regime which the government is trying to promote The draft guidelines in the current form should not be implemented or PoEM should be postponed There is a risk of subjectivity in the whole process and the tax authorities at the lower level have been very aggressive in the past This is bound to increase tax disputes and may not bode well for the non adversarial tax regime which the Government is trying to showcase Maheshwari said Vasal suggested there should be greater clarity on active and passive income for the purpose of determination of residency of a company It is important that genuine business models and transactions are protected Accordingly the concept of passive income in the guidelines require some reconsideration he said Vasal further suggested that royalty income arising from licensing of Intellectual Property Rights or other assets software payments and telecom charges etc should not be treated as passive income First Published on February 7 2016 11 20 am Please Wait while comments are loading Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New

    Original URL path: http://www.financialexpress.com/article/economy/tax-experts-seek-more-clarity-on-poem-norms-seek-faqs-from-cbdt/208446/ (2016-02-07)
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  • Express Adda: ‘We have to do better to convey that pro-reform is good for ordinary citizens’ | The Financial Express
    about people He s a very dynamic leader He s a leader in the true sense We had a government before this where the leader was somewhere and the power was somewhere else The PM works hard and ensures we work hard too He demands results He s very focussed What I admire the most about him is that he is starting from the ground from scratch After years of policy paralysis there was this sense of doom Look at the short time in which the world s attitude towards us has changed Globally big leaders are looking at India in a different way On the Maggi ban Harsimrat Ever since I took over this ministry I was interacting regularly with the industry The first things they told me were the hassles they were facing from the FSSAI First of all I think it was a very unfortunate incident that damaged our Make in India brand But out of every bad comes something good which is why I took the lead in saying that despite what has happened it has brought into focus the shortcomings which were not being addressed and the need for transparent protocols The industry needed to know how their product was being tested They also needed to know that putting products in the market which could damage the health of the people was not acceptable to the government Industry can develop and not be harassed and at the same time safe and healthy food can be provided These two things need to go hand in hand This is what the FSSAI is mandated to do and this is what was not being done Because of the Maggi episode the focus came where it needed to On balancing business with politics Sukhbir A person who is a successful businessman will be a successful administrator Do you need a politician who is broke who has nothing or a person who doesn t need anything I ll give you a small example When I first became Deputy CM the liaison officer of a big corporate house came to meet me and told me if I ever wanted to go to a five star hotel he could arrange it I said if you ever want to go to one just come to my hotel So do you want people who look for these things or people who can afford everything First Published on February 7 2016 12 12 am Please Wait while comments are loading Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top

    Original URL path: http://www.financialexpress.com/article/economy/express-adda-we-have-to-do-better-to-convey-that-pro-reform-is-good-for-ordinary-citizens/208399/ (2016-02-07)
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