PC excise duty exemption anomaly to be rectified soon
THE Government on Monday assured the IT hardware industry that the anomaly relating to Budget announcement of a full excise exemption on personal computers (PCs) would be rectified soon. Addressing captains of the industry here, the Finance ...
Chidambaram open for transaction tax review
THE Finance Minister, Mr P. Chidambaram, today vociferously defended the Budget proposal to levy a 0.15 per cent tax on all securities transacted on stock exchanges, while maintaining that a review, if at all, would be only on the extent of tax ...
Transaction tax impasse shrinks trading volumes
THE trading volumes in the equity market shrunk sharply as traders refrained from trading in protest against the transaction tax. The volumes may shrink further as a section of traders have decided stop trading on Tuesday, said a stock market ...
UPA stands firm on FDI hike proposal
THE United Progressive Alliance (UPA) today decided to put up a show of unity in Parliament on the Budget proposals despite the Left parties coming down heavily against the move to allow higher Foreign Direct Investment (FDI) in the insurance, ...
`Left will vote against amending IRDA Act'
THE Left parties will vote against the Government if there is any move to amend the Insurance Regulation and Development Act (IRDA) seeking to increase foreign equity in the insurance sector, the Secretary of the United Trade Union Congress ...
Industrial growth dips to 6.2 pc in May
INDUSTRIAL output posted a marginal slowdown in growth at 6.2 per cent in May, down from 6.4 per cent growth recorded during the corresponding month last year. The overall growth during the first two months of the current fiscal (April-May ) ...
Speed is the key to post-Budget publications
WALK into one of those bookshops that cater to accountants and lawyers these days and what you find are publications about Budget that was presented only a couple of days ago. At C.Sitaraman & Co in the city, one encounters an array of these ...
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