The Hindu Business Line : Friday, August 12, 2005

Bar on foreign airlines' stake in domestic carriers to stay
THE Government is "at present" not in favour of direct or indirect equity participation by foreign airlines in domestic airlines, the Minister of Civil Aviation, Mr Praful Patel, told Parliament today. He also said that Persons of Indian Origin ... More

Tax reform: Change doesn't mean stability
The Taxation Laws (Amendment) Bill, 2005 has proposed a series of changes to the income-tax law. There is no doubt a need for tax reform, but the remedy for the fiscal ills lies not in introducing irksome levies, such as the fringe benefit tax and th e cash transaction tax, but in pruning the tax law and making it simpler and less cumbersome, says T. C. A. Ramanujam More

Kerala Cabinet clears Smart City MoU
THE draft memorandum of understanding (MoU) for the Smart City project in Kochi, proposed to be set up by Dubai Internet City (DIC), has been cleared by the State Cabinet. One of the major changes effected in the original draft MoU, to be ... More

E-GOVERNANCE

I-T Dept launches quarterly filing of e-TDS returns
THE Income-Tax Department, in a strong bid to move into a paperless regime through the full-fledged online filing of TDS (tax deduction at source) returns at the shortest possible time, has introduced (from the current quarter) the quarterly ... More

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