8 pc growth likely next fiscal: Plan panel

New Delhi: India’s economic growth rate is expected to accelerate to eight per cent in the next fiscal from 6.3 per cent projected for the current financial year, the Planning Commission has said. The commission in its recent assessment of the economy also expects economic growth to go up to nine per cent in 2011-12, and further to 10 per cent in 2014-15.

Pre-payment penalty: Banks under scanner

New Delhi: Several banks and housing finance companies have come under the scanner of the competition watchdog for imposing penalty on pre-payment of loans. The Competition Commission of India, according to a CCI official, is scrutinising a complaint concerning pre-payment penalty from a customer against major home loan players like HDFC, LIC Housing Finance and Deutsche Postbank.

Agreement on GST still elusive: PwC

New Delhi: Amid fears that GST implementation will miss the deadline, a leading consultancy firm PwC has said the Centre and states are yet to reach an agreement on major issues relating to the new tax regime. “Agreement is yet to be reached on major issues such as the treatment of inter-state supplies of goods and services, imposition of GST on imports,” said a PiceWaterHouseCoopers report.

AI may review ground handling JV with SATS

New Delhi: Air India may review its ground handling joint venture agreement with Singapore Air Terminal Services (SATS) if the latter diluted its stake to another firm in that country, sources said. In that case, AI would carry out ground handling activities through its own subsidiary, they said. Saying SATS was toying with the idea of participating in these activities in India with another Singaporean firm, the sources said AI officials have recently informed a parliamentary committee about their stand.

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