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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
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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
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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
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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
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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
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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
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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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09/03/2010 : New draft policy on affordable housing in rural areas
The government has drafted a new policy aiming to ensure adequate and affordable housing for all in the rural areas, Lok Sabha was informed today. Read full Story Business Standard March 9,2010
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09/03/2010 : Time not ripe for decontrol of lending rates: RBI
A complete decontrol of lending rates was not possible currently, but it might be possible when the country achieved double-digit growth and a sharp rise in farm productivity, said Reserve Bank of India Governor D Subbarao. Read full Story Business Standard March 9,2010
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09/03/2010 : India’s third best choice for PE companies
India is ranked among the top three investment destinations for private equity (PE) firms in the world, as per a report by consulting firm Bain & Company. Read full Story The Economic Times March 9,2010
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09/03/2010 : No clear road map yet for GST
For everyone who expected Budget 2010 to lay out the roadmap for goods and services tax (GST) rollout, there was much disappointment. Read full Story The Economic Times March 9,2010
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09/03/2010 : States seek Rs 1 lakh cr for GST switch
States are demanding that Central government double the compensation proposed by the Finance Commission to implement the already delayed Goods and Services Tax as the ``Grand Bargain’’ is leading to stiffer demands. Read full Story The Economic Times March 9,2010
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09/03/2010 : Wipro Infotech to develop IT network to track frauds
The government might now have a tighter grip on financial scams in the country. The ministry of finance's Financial Intelligence Unit (FIU) has awarded an IT contract to Wipro Infotech to develop an IT network to track all irregular financial transactions. Read full Story The Economic Times March 9,2010
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09/03/2010 : Central govt premises will fetch AMC Rs 5 cr tax
The Central government premises, which now came under the tax ambit of Ahmedabad Municipal Corporation (AMC) will fetch the municipal body over Rs five crore in tax collection annually. Read full Story The Times Of India March 9,2010
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09/03/2010 : 'Don't recycle your investments to save taxes'
Recycling may be a great idea when it comes to environment. However, in the world of finance, it is often met with disapproval. Recycling money to save taxes is a common method employed by many investors every year. Read full Story The Times Of India March 9,2010
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