Free Press Journal
  • Rise in customs duty to make Indian-made mobiles costlier

    New Delhi : Indian mobile handsets are likely to become costlier as the government intends to levy basic customs duty on the components that are so far imported free. Imported handsets have already become costlier due to a hike in the customs duty to 20 per cent from 15 per cent in the Union Budget. The Ministry of Electronics has pushed for imposing the duty also on the mobile components in an

  • Soon, high-end bikes will get cheaper as import duty cut

    New Delhi :  Imported motorcycles from high- end brands, including Harley Davidson and Triumph, are set to get cheaper as the government slashed customs duty to 50 per cent. Earlier, import of motorcycles with engine capacity of 800cc or less used to attract 60 per cent duty, while those with capacity of 800cc or more attracted 75 per cent duty. The Central Board of Excise and Customs (CBEC), through a notification on

  • PM Modi to interact with India Inc at ‘Magnetic Maharashtra’ conclave

    Mumbai: Prime Minister Narendra Modi will interact with top business heads and CEOs during the three-day ‘Magnetic Maharashtra: Convergence 2018’ starting here on Sunday. After inaugurating the first-ever Global Investors Summit at the MMRDA Grounds in Bandra Kurla Complex (BKC), Modi will interact with corporate chiefs during high tea along with Chief Minister Devendra Fadnavis.

  • 15 years old vehicles to be scrapped, old vehicles to be scrapped, scrapping old vehicles policy, gadkari, air pollution, measures to contol air pollution, NITI Aayog, scrapping policy for vehicles

    Dhaula Kuan-Manesar cable car project cleared: Nitin Gadkari

    New Delhi: Union Minister for Road Transport and Highways Nitin Gadkari on Tuesday said the tender for the Dhaula Kuan (Delhi) to Manesar (Haryana) cable car project has been cleared.

  • No of rich HHs grows 12% but wealth only 5% in 2017: Report

    Mumbai: Amidst the heightened concerns on inequality that has been on a steady climb across the globe in general and particularly in our country, a study has said the number of the rich has grown at a faster clip than their collective networth in the country in 2017.

  • IT raid cases not to be processed under e-assessment: CBDT

    New Delhi: The soon-to-be rolled out pan India e-assessment system for scrutiny cases of taxpayers will not be applicable to instances where a raid has been conducted against an assessee by the Income Tax (IT) department, the CBDT has said.

  • Hike partners Ola for taxi-booking through its app

    New Delhi: Users of mobile application Hike will now be able to book Ola cabs, autos directly from their messaging app and pay through the Hike Wallet or in cash.

  • Indian Railways to invest Rs.73,000 crore to solve safety-related woes

    New Delhi: Railway Minister Piyush Goyal on Tuesday announced plans to invest a sum of Rs. 73,000 crore towards resolving safety-related problems faced by commuters. Addressing an India Infracon event organised by Asian News International (ANI) here, Goyal said a change in mindset is crucially required to implement large-scale projects across the country.

  • JLL features on Ethisphere list of world’s most ethical companies

    New Delhi: Global property consultant JLL today said it has been recognised as one of the world’s most ethical companies by Ethisphere Institute. US-based JLL, a Fortune 500 company, has been included for the 11th consecutive year on the Ethisphere Institute’s list of the world’s most ethical companies, the company said in a statement. In 2018, 135 companies have been recognised from 23countries and 57 industries by the Ethisphere Institute, a global leader in

  • Muzaffarnagar: Eight sugar mills clears Rs 1,206 crore sugarcane payments

    Muzaffarnagar:  Eight sugar mills in the district have cleared sugarcane payments of Rs 1,206.91 crore out of total dues of Rs 1,645.97 crore to farmers in the current season, an official said. The mills purchased 51.5 lakh tonnes of sugarcane from farmers till February 11 this season against 46.2 lakh tonnes in the year-ago period, the district cane officer said.

  • Inflation peaking off; RBI may cut rates by 25 bps in Aug: BofAML

    New Delhi: Inflation is peaking off and theReserve Bank of India is expected to cut rates by 25 bps inAugust if the monsoon is normal, says a report. According to global financial services major Bank of America Merrill Lynch (BofAML), inflation risks are overdone. January inflation stood at 5.1 per cent, a shade belowDecember’s 5.2 per cent, and BofAML is tracking February inflation at 4.7 per cent with tomato/onion prices slipping. “We