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PSU stake divestment to aid wealth creation

DNMUM390888 | 6/20/2017 | Author : G Chokkalingam | WC :445


It is reported that the government is planning auction route to divest the stake in one of the mid-sized public sector undertakings (PSUs) engaged in the dredging business. Auction route would bring out the true potential in the value of PSUs by promoting healthy competition among the entrepreneurs. It is also for the first time after a couple of decades the government has proposed to go for strategic stake sale in several mid-sized PSUs like BEML, Dredging Corporation, Shipping Corporation of India, etc.
The non-tax revenue of the government is likely to grow at slower pace in the current fiscal due to the fall in revenues from the telecom sector. The Department of Telecom expects its revenue to decline by as much as 38% to Rs
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Accountability must start from the top
DNMUM408317 | 2/22/2018 12:00:00 AM | Author : Arun Krishnan | WC :558

Punjab National Bank (PNB) has been in the news for all the wrong reasons. The scam involves the sanctioning of Letters of Understanding (LoUs) to Nirav Modi and his companies without accompanying credit limits or margin money being paid to the
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The myth of college dropouts
DNMUM408318 | 2/22/2018 12:00:00 AM | Author : Sanchit Khera | WC :726

With so many success stories about college dropouts in the US, Indian chief executive officers (CEOs) are making their own mark in the trend. They struggle early on, try to push through and eventually drop out of their universities.
However, the
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EPFO cut may hurt employee sentiments
DNMUM408319 | 2/22/2018 12:00:00 AM | Author : Edit | WC :230

The move by Employees Provident Fund Organisation (EPFO) to cut the interest rate on EPF to 8.55% is not entirely unexpected. But it will surely leave over six crore employees subscribed to EPFO dejected. Now the government has a task at hand o
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Quarterly GST returns filing may be extended to all cos
DNMUM408320 | 2/22/2018 12:00:00 AM | Author : Anjul Tomar | WC :347

New Delhi: The government may change the goods and services tax (GST) returns filing periodicity from monthly to quarterly to make it simpler for all businesses to file their taxes.
The requirement of filing three GST returns in a month is also l
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