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Govt examining industry demands; breather on tax compliance deadline likely The Union government is examining proposals seeking relief to businesses through extension of compliance timeline for goods and services tax as well as income tax. With India facing the biggest Covid-19 crisis so far, the government has received multiple industry representations, including from micro, small and medium enterprises, wanting a breather of up to three months. PM avoids committing to deadlines on climate, says concrete action needed Prime Minister Narendra Modi on Thursday avoided committing to any dead...

Strategic sale to be primary mode for disinvestment: Thakur SECTIONS Last Updated: Mar 09, 2021, 06:38 PM IST Share Synopsis Disinvestment of the government's equity in CPSEs depends largely on market sentiment, investor interest, and market valuation of CPSE stocks. Thakur said adverse market conditions arising due to COVID-19 adversely impacted the government's disinvestment plans. The scope for sale of minority stakes in public sector companies has reduced and strategic disinvestment would be the primary mode for disinvestment receipts going forward, Minister of State for Finance Anurag Si...

Updated Dec 30, 2020 | 12:23 IST Chairman of the country's largest Steel making company, SAIL says given the strong demand, prices will stay elevated. Also stresses on the importance of SAIL to increase its volumes to sustain its profitability SAIL Chairman Anil Kumar Chaudhary. (File photo)  Key Highlights Despite SAIL having lost 50% of its production in Q1, the company is determined to attain the same levels of production in FY21 as it had in FY20 and has set a target of 19 million tonne of crude steel in FY22 SAIL's debt is currently a little higher because of a...

SAIL turnaround a challenging experience, says outgoing Chairman The Chairman said he also wants to see SAIL paying back at least 50 per cent of its debt in the near future. The turnaround of SAIL from several quarters of losses was one of the most challenging experience, said Anil Kumar Chaudhary, the outgoing Chairman of the country's largest steel maker. The Chairman said he also wants to see SAIL paying back at least 50 per cent of its debt in the near future. Chaudhary who had joined SAIL as a Junior Manager in 1984 would be superannuating from the top post on December 31, 2020 after ser...