GOVERNMENT
POLICY
Oil cos pitch for `nil' rate of CST
Central sales tax (CST) has become a thorny issue for India Inc, including those who do not come under the value added tax (VAT) regime. The latest to join the bandwagon for doing away with CST is the domestic petroleum industry. Citing the ...
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Kerala Road Safety Bill introduced
Will advise Govt on safety policies; enforce safety standards
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POLITICS
Deora appeals to Mulayam to cut ST on petrol, diesel
The Minister for Petroleum and Natural Gas, Mr Murli Deora, on Wednesday appealed to the Chief Minister of Uttar Pradesh, Mr Mulayam Singh Yadav, seeking his immediate intervention for reducing sales tax on petrol and diesel which would lessen ...
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Lalu admits Rlys is easier work than Bihar
When Railway Minister Mr Lalu Prasad addressed a group of students from the Harvard and Wharton Business Schools here on Wednesday, he admitted that achieving a turnaround in Railways was easier than turning around the fate of Bihar. There was ...
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STATES
States' fiscal health has improved: RBI study
`More efficient tax administration, higher grants helped'
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FINANCIAL POLICY
REC to issue more capital gains bonds
The Finance Ministry has allowed Rural Electrification Corporation Ltd (REC) to issue capital gains tax exemption bonds for Rs 3,500 crore. REC can now issue these additional bonds between December 27 and March 31 next year. Investments in such ...
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Interest rates slashed on non-agri co-op loans
Over 4.53 lakh borrowers to benefit
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