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04/02/2012 : RBI launches industrial outlook survey for Jan-March 2012
The Reserve Bank of India on Friday said it has launched its Industrial Outlook Survey for the January-March, 2012, period. The survey gives an insight into the perception of non-financial public and private limited companies engaged in manufacturing activities about their performance and future prospects, a press release issued in Mumbai stated. Read Full Story Hindustan Times February 04, 2012
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04/02/2012 : Keep an eye on rollback triggers while investing to save tax
During the first three months of a calendar year, when tax-payers get busy with planning their taxes, the focus is always on making investments. They invest a lot of time and energy identifying the right instrument for saving on the tax outgo. Read Full Story The Economic Times February 04, 2012
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04/02/2012 : Finance companies rush to raise money from the bond market
Several finance companies have rushed to raise money from the bond market as they are now confident of that interest rates have peaked after the central bank announced a cut in cash reserve ratio. Read Full Story The Economic Times February 04, 2012
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04/02/2012 : Rupee rises for fifth straight week, to hold steady in 2012
The rupee posted its fifth straight weekly gain on Friday, aided by a gush of foreign funds as investors bet on a monetary easing to boost growth in Asia's third-largest economy. Read Full Story The Times Of India February 04, 2012
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04/02/2012 : RBI buys bonds worth Rs 8,819.52 cr under open market operations
The Reserve Bank on Friday bought bonds worth Rs 8,819.52 crore through open market operations (OMO), against a target of Rs 10,000 crore, as part of its strategy to infuse liquidity into the system. Read Full Story The Economic Times February 04, 2012
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03/02/2012 : SC ruling now turns focus on dual tech licences, hoarding
The Supreme Court judgement cancelling 2G licences issued in 2008 puts focus on the other two major illegalities pointed out by the Comptroller and Auditor General (CAG) of India in its audit report: That of the 35 dual technology licences and the hoarding of spectrum. Read Full Story The Times Of India February 03, 2012
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03/02/2012 : Budget 2012: Reforms-oriented budget to instil confidence among investors is sorely needed
Pre-budget consultations have commenced and it is time to address the challenges confronting our economy. While reviving growth momentum is the need of the hour, high inflation (albeit declining) and widening fiscal deficit have narrowed room for monetary and fiscal manoeuvrability. Read Full Story The Economic Times February 03, 2012
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03/02/2012 : RBI asks banks to evaluate risk of unhedged forex of companies
To prevent adverse impact of volatile forex market movement on corporates and their lenders, the Reserve Bank has directed banks to evaluate risks from unhedged foreign currency exposure of companies while extending them credit facilities. Read Full Story The Economic Times February 03, 2012
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03/02/2012 : High court seeks reply on tax tribunal functioning
A division bench of the Patna high court comprising Justice T Meena Kumari and Justice Gopal Prasad, while hearing a PIL filed by the Commercial Tax Bar Association on Thursday directed the state government to file a reply with regard to filing up the vacant post of the chairman, Commercial Tax Tribunal, Patna. Read Full Story The Times Of India February 03, 2012
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03/02/2012 : Budget likely to retain tax slabs
The Budget for 2012-13 is unlikely to tinker with the rates or widen the slabs for both direct as well as indirect taxes, despite chambers seeking more money in the hands of people to prop demand. Economists have also demanded a rise in indirect tax rates to boost government finances. Read Full Story Business Standard February 03, 2012
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