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Nearly Rs 3 Lakh Crore Tax Yet To Be Collected

Nearly Rs 3 Lakh Crore Tax Yet To Be Collected

  Highlights  * Nearly 81% companies and individuals paid tax voluntarily in 2010-11. * Authorities say they cannot find assets to collect taxes. * West Bengal had the highest value…

2% Of Indians & 380,000 Companies Doubled Direct Tax Revenue In 5 Years

2% Of Indians & 380,000 Companies Doubled Direct Tax Revenue In 5 Years

  Highlights * Direct tax collection has been exceeding budget estimates, and has almost doubled over the years from 2006 to 2011. * Corporate sector accounted for 63.5% of Rs…

That Giant Sucking Sound: State-Owned Firms Lose Rs 1.80 lakh crore ($33 Bn)

That Giant Sucking Sound: State-Owned Firms Lose Rs 1.80 lakh crore ($33 Bn)

Public sector undertakings (PSUs) have accumulated losses of over Rs 1.80 lakh crore over the last decade.  IndiaSpend’s Sourjya Bhowmick analyses 10-year data to conclude that not only do most…

Air-India’s Dreams Line Up

Air-India’s Dreams Line Up

Sinking national carrier Air India is reportedly considering cancelling or postponing a deal to acquire 27 Boeing Dreamliner aircraft. The aircraft were ordered in 2005, as part of a Rs…

NAL Needs Rs 7,555 Crore To Develop 90-Seater Passenger Aircraft

NAL Needs Rs 7,555 Crore To Develop 90-Seater Passenger Aircraft

Someone pointed out how it cost Gillette more than $750 million to develop its Mach3 series of razor blades. While India was developing entire automotive programmes like Mahindra Scorpio or…

Air India Scores Negative Rating From Moody’s

Air India Scores Negative Rating From Moody’s

The only path left is to invite NatGeo post haste to film an episode because thats one way of earning revenue over a long period.   So it’s not just…

Air-India: Get The Right CEOs

Air-India: Get The Right CEOs

The Government has appointed Rohit Nandan as Chairman of Air India, a bureaucrat from the Ministry of Civil Aviation with no seeming experience of ever having run a corporation, leave alone…