Tag: business

Indian car sales up 7.19%, two-wheelers sales rise 13.6% in Jan 2012

Feb. 08 Business Comments Off

The latest reports of Business states that the Passenger car sales in the domestic market of the country has been increased by 7.19 per cent to 1,96,013 units in first months of this year as compared to 1,82,852 units in the same period of the last year.

As per the figures issued by the Society of Indian Automobile Manufacturers (SIAM), the two-wheelers [motorcycle] sales in the month of January has reported a growth of around 10.51 per cent to 8,25,887 units from 7,47,309 units in the same month of 2011.

Meanwhile, the two-wheeler sales in the first month of this year grew 13.62 per cent to 11,13,831 units as compared to the 9,80,243 units in the same period of the year 2011. Read more

Tags: , , Indian Car Sales, , Passenger car sales, SIAM,

Dhanlaxmi Bank MD Amitabh Chaturvedi quits his post

Feb. 07 Business Comments Off

The MD of the Thrissur, Kerala-based Dhanlaxmi Bank, Amitabh Chaturvedi has decided to quit from his post.

Along with him, other five member of bank may have seemed to resign whose name are Bipin Kabra, chief financial officer, Rajeev Deoras, head of credit, Manish Kumar, chief people officer, and Salil Datar, head of consumer banking.

As per source report, the decision to leave out from the firm is pressurized by the officers’ union that has claimed on bank to have some financial irregularities.

But the bank and RBI also clarified the allegations were wrong and in the bank’s books no irregularities were identified. Read more

Tags: Amitabh Chaturvedi, Amitabh Chaturvedi quits, , Dhanlaxmi Bank, , ,

Service tax net may broaden further

Feb. 06 Business Comments Off

As per 2012 budgetary report, it is seeking that the government keep 22 services in the negative list as all kinds of economic activities, barring goods, money and immovable property as like construction, health, entertainment, restaurants, non-AC rail fares,transport, toll, betting and gambling.

All who are excepting to pay tax, now being charged on all 22 categories of services and impose 10 % on the rest. Govt. has clear stand on this step to add more services in the negative list of tax that is practiced globally and now introducing in India as part of the Goods and Services Tax (GST). It is expected that the negative list may introduce from the next fiscal (2012-13).

Adding more services in the negative list on which tax is charged, will hope to Centre to mop up Rs 82,000 crore for the current fiscal. Read more

Tags: , , , , , GST, , ,

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