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AK Bhattacharya: Tracking the Railways
A K Bhattacharya / New Delhi December 22, 2009, 0:02 IST

Chess #618
TOP SEED Boris Gelfand edged Ruslan Ponomariov to take the World Cup and a place in the next Candidates. Gelfand held his nerve after the four normal games were drawn without much excitement. Gelfand won the second rapid tiebreaker and lost the fourth. Then, he won the second blitz, lost the third and finally won the fourth and last blitz game.

News of the day

BSNL getting MNP network ready to lure mobile users of rivals
In a bid to attract subscribers of rival companies, state-run telecom operator Bharat Sanchar Nigam (BSNL) is gearing up to start mobile number portability (MNP) services as soon as telecom regulator Trai issues tariff structure.
Small Business

GST will reduce tax burden by 25-30%: FinMin

While the finance ministry today admitted to Rs 20,000-22,000-crore shortfall in the indirect tax collections during the current year, it went on to assure the industry that the tax burden on people would come down by 25-30 per cent with the introduction of the proposed goods and services tax (GST). - GST will reduce tax burden by 25-30%: FinMin - Nothing new in taxing perks: Chawla - Advance tax collection up 20% in Apr-Dec - Regulators, RBI meet to review mart - Taxing P-Notes on back burner - Moving from crossroads The new tax is expected to subsume various indirect taxes, including excise and value-added tax. The reduction in tax burden through GST, however, might not mean a cut in government revenue since the rates being discussed for GST are designed to be revenue neutral even as the new tax regime is expected to widen the tax base.


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