Shocksnmocks image
News Topics
Thakurani
A9 Top Floor C Block Community Center, Naraina Vihar
New Delhi, Delhi 110028
Facebook
Twitter
Google+

View and comment on the tax updates on a single page

Do you think that the tax news in simple language are better? Can you write them in simple language? and then broadcast? Then Write them at shocks n mocks.

About shocksnmocks

Shocksnmocks image

  • RBI finds 12 a/c with 25% of bank bad loans for bankruptcy proceedings

    Current Affairs,Jun. 14, 2017

    Reserve Bank of India (RBI) on Jul'13 said 12 accounts having about 25% of gross bad loans in banking system would be eligible for immediate reference for bankruptcy proceedings.Indian banks are having about Rs 10 trillion; of bad loans.RBI suggested that accounts with outstanding amounts of more than Rs 5,000 cr, of which at least 60% was classified as non-performing by banks as of Mar'31,2016,can be referred for bankruptcy proceedings(Accounts' n…

    0 Upvote   | 0 Comments

  • HCSC subsidiary TMG Health to be acquired by Cognizant

    Current Affairs,Jun. 14, 2017

    Cognizant on Jul'13 said that it has entered into agreement to purchase Health Care Service Corporation's (HCSC) subsidiary TMG Health.Transaction is expected to close in 3rd quarter of 2017. Financial details not disclosed.TMG Health is a provider of business process services to Medicare Advantage,Medicare Part D & Managed Medicaid markets.Its healthcare business & technology professionals will become employees of Cognizant.Combination of capabili…

    1 Upvote   | 0 Comments

  • VAT on petrol has been REDUCED by Goa Government

    Current Affairs,May. 19, 2016

    Although the Goa govt had increased the VAT rate on petrol to 22% in its recent budget, but it also promised to reduce the VAT if the petrol price crossed Rs60/litre mark. As the petrol price could have crossed the benchmark of Rs60/litre, Goa government reduced the VAT rate by 2% and made it 20%.

    1 Upvote   | 1 Comments

  • PM Tells Officials To Have 10 Crore People In Tax Net

    Current Affairs,Sep. 14, 2016

    Now there are 5.4 Cr tax payers.PM asked tax officials to make policies & environment taxpayer friendly& have 10 Cr tax payers.There should be no fear in tax payers' minds. PM said this in a meeting in the "Rajasva Gyan Sangam" or revenue knowledge meet, in New Delhi. 

    2 Upvote   | 0 Comments

  • This festive season ecommerce vendors may give less discount

    Current Affairs,Sep. 15, 2016

    Although September is passing by, but the ecommerce vendors have not shown much interest in taking business loans for their stock. This is an indication that they would not be giving discounts in this festive season.

    4 Upvote   | 0 Comments

7% stake in Hindustan Copper may be sold by India

Government plans to sell about 640 millions of its shares in Hindustan Copper at Rs. 62/ share in 2 days raising Rs. 4.02 billion,to reduce its deficit,in FY 2016-17.India plans to raise more of Rs. 565 billion by making more such sales.     

Current Affairs,Sep. 29, 2016
1 Upvote|   0 Comments

  • Walmart decided to invest Rs. 6700 Crores in Flipkart

    Current Affairs,Sep. 29, 2016

    Walmart has decided to invest Rs. 6700 Crores with Flipkart. So that they may compete with Amazon together. Both companies shall gain, If this deal is finalized.Flipkart needs money to remain at No. one position in the country and Walmart may effectively compete with Amazon. 

    0 Upvote   | 1 Comments

  • Less discount to be given by ecom vendors in festive season

    Current Affairs,Sep. 29, 2016

    Of course September has almost passed. Vendors of e-commerce have not taken business loans for their respective stocks. They would be giving much less discounts in this festive season, it appears.

    1 Upvote   | 0 Comments

Cementing LafargeHolicim Deal

Current Affairs,Sep. 30, 2016

Domestic detergents maker Nirma Ltd, agreed to buy cement business of LafargeHolcim for $1.4 billion (i.e. around Rs.9,400 crore) on July 11, 2016. The deal will be financed partly by the largest rupee bond issue worth Rs.4,000-crore. This deal will help Nirma to emerge as one of India's top 10 cement players and will take their cement business to the next level. Nirma will have a substantial presence in cement market of East through this deal.

1 Upvote   | 0 Comments

Surgical strike on Pakistan has caused Rupee value go down

The surgical strike by Indian army on Pakistan has caused the rupee value go down (depreciate). The rupee value has gone down by almost 45 paise against dollar. This is the minimum value in the entire week. Now, the value of rupee is Rs66.89 against a dollar. The last time, when rupee touched this value was on September 22 2016.

Current Affairs,Sep. 30, 2016
1 Upvote|   0 Comments
Loading...
Ask a Question Create a Ripple(News)