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  • 11/03/2010 :  
    Banking licence may help cos expand reach
    Non-banking Finance Companies (NBFCs) have got the attention of the Street, after the budget announcement relating to possible banking licences to this set of players in the financial sector. Read full Story The Economic Times March 11,2010

  • 11/03/2010 :  
    Select LLPs may get 49% FDI
    Foreign investors may soon be able to set up Limited Liability Partnerships, or LLPs, in India, as the government is all set to allow foreign direct investment in this new form of business organisation. Read full Story The Economic Times March 11,2010

  • 11/03/2010 :  
    Govt may let FIs guarantee infrastructure bonds
    The government is weighing a proposal to allow financial institutions to guarantee bonds issued by infrastructure providers, a move which is expected to help channelise more funds for building roads, ports, airports and power projects. Read full Story The Economic Times March 11,2010

  • 11/03/2010 :  
    RBI says did not intervene in FX mkt in Jan
    India's central bank did not buy or sell dollars in the foreign exchange market in January, the central bank's monthly bulletin showed. The Reserve Bank of India (RBI), also did not intervene in the forex market in December. Read full Story The Economic Times March 11,2010

  • 11/03/2010 :  
    Law firms prepare for new tax regime
    The firm wanted him to study the nuances of the Canadian goods and services tax, or GST, on which India is likely to model its own new indirect tax regime. Read full Story Live Mint March 11,2010

  • 11/03/2010 :  
    Nariman Pt-Cuffe Parade buildings get HC relief
    Building societies in the Nariman Point-Cuffe Parade area contesting the BMC's steep new property tax rates have got a breather from the Bombay high court. Read full Story The Times Of India March 11,2010

  • 11/03/2010 :  
    Dutch co gets tax benefit on capital gains
    A Dutch company earning capital gains by selling shares in its Indian subsidiary does not need to pay tax in India if it offloads the shares to a non-resident entity, according to authority for advance ruling (AAR), the quasi-judicial body that decides on tax matters involving overseas firms. Read full Story The Economic Times March 11,2010

  • 10/03/2010 :  
    Govt may ban FDI in cigarette making
    Government is all set to ban foreign direct investment (FDI) in cigarette manufacturing. A cabinet note towards this end has been prepared by the commerce and industry ministry and circulated among the other ministries of the cabinet committee on economic affairs (CCEA). Read full Story The Times Of India March 10,2010

  • 10/03/2010 :  
    Threshold for open offer may rise to 35%
    The mergers and acquisitions, or M&As, game in India may change for ever with a Securities and Exchange Board of India, or Sebi, appointed panel likely to raise the shareholding threshold that triggers open offers from 15% to 35%. Read full Story Live Mint March 10,2010

  • 10/03/2010 :  
    RBI to amend rules to control NBFCs turning LLPs
    The Reserve Bank of India (RBI) plans to amend its rules to pre-empt non banking finance companies (NBFCs) from misusing the liberal rules governing limited liability partnership (LLP) firms. Read full Story Business Standard March 10,2010

  • 10/03/2010 :  
    GST will bring down cost of most goods: Govt
    The government on Tuesday said the prices of most goods will declined with the implementation of the Goods and Services Tax (GST). Read full Story The Economic Times March 10,2010

  • 10/03/2010 :  
    Service tax, excise duty to make homes dearer
    Home buyers are set to face higher prices due to the imposition of service tax, as well as an increase in cost of various inputs like cement, according to leading developers in the housing segment. Read full Story Business Standard March 10,2010

  • 10/03/2010 :  
    'Tax treaty with Swiss on anvil'
    India on Tuesday said it is actively pursuing enforcing the amended tax treaty with Switzerland soon so that information on bank deposits in that country can be obtained in specific cases, minister of state for finance S S Palanimanickam told Parliament on Tuesday. Read full Story The Times Of India March 10,2010

  • 10/03/2010 :  
    Long-term capital gains may make it to DTC regime
    The government is likely to maintain the distinction between short term and long-term capital gains to encourage long-term savings, as it deliberates the draft direct taxes code. Read full Story The Economic Times March 10,2010
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