airasia-truecolumn Business 

Air Asia CEO Tony Fernandes and others booked by the CBI for violating aviation norms

The CBI on Tuesday registered a case against the Air Asia CEO, Tony Fernandes and others for violating the aviation norms which is related to the license of International flying. The main accused regarding the violations of the aviation norms arise as Fernandes who lobby Government officials for relaxing the 5/20 rules which says that a company needs at least five years of experience in the aviation sector and should have 20 aircraft in order to get an international licence. Apart from the Tony Fernandes, other officials booked by the…

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sbi-truecolumn Business 

Good news for the job seekers, SBI to hire 10,300 employees this year

Here is some good news for the bank job seekers who were disheartened by the subtraction of jobs last year as the country’s largest lender, State Bank of India is planning to hire 10,300 employees before the end of March 2019. The announcement comes as effect in the reduction of 15,762 employees due to the digitisation and retirements. The corporate development officer at SBI, Prashant Kumar confirmed about the news of recruiting 2,000 Probationary officers and 8,300 clerical staff. Kumar said, “Basically, we are replacing only about 75 percent of…

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petroldiesel-truecolumn Business National 

Petrol, diesel hits all-time record high prices, varies from state to state

Petrol and diesel prices hits a new record on Sunday after the continuous rise in the international market. The trend of increase in the petrol and diesel is still continued since the past four weeks. However, fuel prices vary from state to state according to the incidence of local sales tax or VAT. Petrol prices in Delhi touched to a new height of Rs 76.57 per litre while the diesel price is at a peak of Rs 67.82 per litre. The surge in the petrol prices is mainly recorded in…

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oilprice-trucolumn Business 

Prices of petrol and diesel hiked after 19-day freeze

After the 19-day pre-Karnataka poll gaping, petrol and diesel was again hiked up to 17 paise and 21 paise respectively as state-run oil marketing companies raised the prices which was remain unchanged since 24 April. The price hike comes after the closed voting of the Karnataka Assembly elections 2018 which gets over on Saturday. The price of petrol reached a record high of Rs 66.14 per litre as against Rs 65.93 per litre on 24 April in Delhi while in the case of diesel, it goes to Rs 76.06 per…

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walmart-flipkart_truecolumn Business 

Flipkart-Walmart deal: world’s largest e-commerce deal ever, Walmart buys 77% stake in Flipkart

One of the most anticipated deal of the year has finally concluded on Wednesday as Walmart buys 77% stake of Flipkart for USD 16 billion which will approximately be 1,75,256 crore INR and is all set to compete another big e-commerce giant Amazon in the Indian space market. According to the Walmart’s president and chief executive Doug McMillon said, “India is one of the most attractive retail markets in the world, given its size and growth rate, and our investment is an opportunity to partner with the company that is…

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sachinbansal-truecolumn Business 

Longest serving CEO of Flipkart, Sachin Bansal may exit after Walmart’s entry

Flipkart co-founder and longest serving CEO Sachin Bansal may exit after the successful negotiations with the US retail giant Walmart’s deal of holding a majority of the share in the Bengaluru-based company. However, Sachin Bansal holding the current position of executive chairman in Flipkart had no plans to sell his share of stake. One of the people aware of the latest development in the company said, “The talks around Sachin moving out of Flipkart with the Walmart deal have started in the last 3-4 days”. Sachin Bansal’s exit is a…

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GST_truecolumn Business 

GST Revenue collection exceeds Rs 1 Lakh crore for the first time in April

The Ministry of Finance (MoF) on Tuesday said the total Goods and Service (GST) Revenue collection exceeds Rs 1 Lakh crore for the first time in the last month of April. According to the Ministry of Finance, the total gross revenue collected in the last month stood as Rs 1,03,458 crore which includes Central GST (CGST) collection of Rs 18,652 crore, State GST (SGST) at Rs 25,704, Integrated GST (IGST) at Rs 50,548 crore and cess of Rs 8554 crore. Adding further, the ministry said there is hike of 69.5%…

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worldbank_truecolumn Business International 

Growth Rate will be 7.3% this year, says World Bank

The World bank says that the Growth Rate will be 7.3% this year and it will likely to grow to 7.5% in 2019 and 2020 as the country is recovering from the effect of demonetisation and Goods and Service Tax. The World bank said in a twice-a-year South Asia Economic Focus that, “Growth is expected to accelerate from 6.7 in 2017 to 7.3 percent in 2018 and to subsequently stabilise supported by a sustained recovery in private investment and private consumption”. The report said that the India is already recovering…

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nirav_truecolumn Business 

11,000 crore PNB scam: Nirav Modi tracked in Hong Kong, asked the authorities to surrender

The offender of Rs 11,000 crore PNB Scam, Nirav Modi have been tracked in Hong Kong and the Ministry of External Affairs have asked the Hong Kong authorities to surrender the businessman so that the further actions could be taken against the defaulter. Raveesh Kumar, spokesperson of the ministry of external affairs said, “We are aware of the written reply submitted to parliament which shared that Nirav Modi is in Hong Kong. Have requested Hong Kong authorities to surrender Nirav Modi”. He further added, “There is an agreement between India…

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income-tax-truecolumn Business 

Be ready to give some more information now to Income tax department

On April 5, 2018, Central Board of Direct Taxes has amended the income Tax return (ITR) form for the year 2018-19. Several new columns were included in the amended form. The main changes were done on the most common used form by around three crore persons, ITR 1 or Sahaj. The new forms include for various categories. They are ITR-1 (Sahaj), Form ITR-2, Form ITR-3, Form ITR-4 (sugam), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V. To avoid Tax evasion, the income tax department have started collecting some more…

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