tax regime

India cuts tax on overseas borrowings (Lead)


September 21st, 2012 - 8:34 pm ICT by IANS
New Delhi, Sep 21 (IANS) In yet another move to draw in international capital, the Indian government Friday reduced tax on overseas borrowings by domestic companies to five percent from ... Read more...

Posted in Business |

India will ensure clarity in tax regulations: Chidambaram


September 3rd, 2012 - 7:00 pm ICT by IANS
New Delhi, Sep 3 (IANS) Finance Minister P. Chidambaram Monday assured investors that the government would bring clarity in tax regulations and take necessary measures to ensure a stable ... Read more...

Posted in Uncategorized |

Chidambaram hints at modifying tax norms, cut deficit (Roundup)


August 6th, 2012 - 9:33 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister P. Chidambaram Monday said the government will fine-tune policies to meet investor expectations, cut fiscal deficit and revive growth."Our policies have to ... Read more...

Posted in Business |

Chidambaram to fine-tune investment policies, spur growth (Lead)


August 6th, 2012 - 7:34 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister P. Chidambaram Monday tried to reassure investors that the government will fine-tune policies to meet their expectations and revive growth."Our policies have ... Read more...

Posted in Uncategorized |

Goa to ban sale of alcohol in sachets: Parrikar


August 3rd, 2012 - 4:38 pm ICT by IANS
Panaji, Aug 3 (IANS) Fearing a bad influence on school students, Chief Minister Manohar Parrikar Friday said that he would ban sale of liquor in cheap plastic sachets."I am aware ... Read more...

Posted in Business |

Cuba approves new tax law


July 24th, 2012 - 2:22 pm ICT by IANS
Havana, July 24 (IANS) The Cuban parliament has approved a new tax law designed to cope with the country's growing private sector.The Tax System Act, which stipulates 25 categories of ... Read more...

Posted in Business |

GST issue will be resolved soon: Chidambaram


July 13th, 2012 - 5:51 pm ICT by IANS
Chandigarh, July 13 (IANS) The government will soon resolve the issues hindering the implementation of goods and services tax (GST) that aims to bring uniformity in indirect taxes across ... Read more...

Posted in Business |

Economy will turn around in 2012-13: Pranab


June 11th, 2012 - 8:11 pm ICT by IANS
New Delhi, June 11 (IANS) Finance Minister Pranab Mukherjee said Monday "necessary steps" are being taken to put India back on the growth path and the economy would turn ... Read more...

Posted in Business |

Economy will turn around in 2012-13: Pranab


June 11th, 2012 - 8:11 pm ICT by IANS
New Delhi, June 11 (IANS) Finance Minister Pranab Mukherjee said Monday "necessary steps" are being taken to put India back on the growth path and the economy would turn ... Read more...

Posted in Business |

Mukherjee allays US fears, says India good for investment


April 21st, 2012 - 11:41 am ICT by IANS
Washington, April 21 (IANS) Allaying a "misapprehension" about some retroactive changes in Indian tax laws, Finance Minister Pranab Mukherjee has assured corporate America that India was a good ... Read more...

Posted in Business |

GST can boost economic growth by 1.5 percent: Adi Godrej


April 19th, 2012 - 8:09 pm ICT by IANS
New Delhi, April 19 (IANS) The roll-out of the Goods and Services Tax (GST) will boost economic growth by around 1.5 percent, Adi Godrej, president of the Confederation of Indian ... Read more...

Posted in Business |

GST likely to come into effect from next fiscal: Sushil Modi


April 18th, 2012 - 9:21 pm ICT by IANS
New Delhi, April 18 (IANS) The much-awaited unified Goods and Services Tax (GST) is likely to come into effect from April 1, 2013 as the centre is open to ... Read more...

Posted in Business |

Vodanfone issue: HSBC seeks ‘tax clarity’ from government


April 12th, 2012 - 7:52 pm ICT by IANS
Kolkata, April 12 (IANS) HSBC, Europe's biggest bank, Thursday sought "tax clarity" from the government in the backdrop of Finance Minister Pranab Mukherjee's statement there was "no other way" ... Read more...

Posted in Business |

Pranab defends amending IT Act to deal with Vodafone-type deals


March 31st, 2012 - 6:33 pm ICT by IANS
Kolkata, March 31 (IANS) Finance Minister Pranab Mukherjee Saturday said there is "no other way" but to amend the Income Tax Act with retrospective effect to bring into ... Read more...

Posted in Business |

Arms suppliers cashing on offset clause face challenges


March 17th, 2012 - 11:01 pm ICT by IANS
Chennai, March 17 (IANS) While the $10 billion order to French company Dassault to supply 126 fighter planes is expected to generate around $5 billion worth of business for Indian ... Read more...

Posted in Uncategorized |

IT industry terms budget pragmatic, growth-oriented


March 16th, 2012 - 9:11 pm ICT by IANS
Bangalore, March 16 (IANS) The buoyant Indian IT industry Friday termed the union budget 2012-13 as pragmatic and growth-oriented but expressed disappointment over it not exempting Special Economic Zone ... Read more...

Posted in Business |

Indian economy recovering, time for hard decisions: Mukherjee (Third Lead)


March 16th, 2012 - 2:02 pm ICT by IANS
New Delhi, March 16 (IANS) With an assurance that there were clear signs of an economic recovery in India, Finance Minister Pranab Mukherjee Friday started presenting what was his ... Read more...

Posted in Uncategorized |

Infrastructure players await policy reforms to spur growth


November 23rd, 2011 - 11:23 pm ICT by IANS
Bangalore, Nov 23 (IANS) The construction equipment industry and the manufacturing sector, which build India's infrastructure, is looking up to the government for policy reforms to spur growth and boost ... Read more...

Posted in Business |

Construction equipment industry eyes $23 billion revenues


November 22nd, 2011 - 6:55 pm ICT by IANS
Bangalore, Nov 22 (IANS) The fledgling Indian earthmoving and construction equipment (ECE) industry has the potential to grow its revenues six times to $23 billion by 2020 if the targeted ... Read more...

Posted in Business |

Excise official hints at delay in new tax regime


June 28th, 2011 - 10:26 pm ICT by IANS
Kolkata, June 28 (IANS) Citing constitutional amendments and other legislative procedures, Central Board of Excise and Customs (CBEC) Chairman S.D. Majumder Tuesday said the government's plan to roll out the ... Read more...

Posted in Business |

GST won’t hamper states’ fiscal autonomy: Finance secretary


June 28th, 2011 - 10:25 pm ICT by IANS
Kolkata, June 28 (IANS) The introduction of Goods and Services Tax (GST) will not hamper fiscal autonomy of the states, union Finance Secretary Sunil Mitra said Tuesday.Mitra's comments came in ... Read more...

Posted in Business |

‘Tax reforms in India lag behind growth’


June 20th, 2011 - 12:51 pm ICT by IANS
New Delhi, June 20 (IANS) Taxation reforms in India have not kept pace with economic growth, leading to the problems of tax evasion and money laundering and resulting in ... Read more...

Posted in Business |

No consensus on Goods and Services Tax: Official


April 13th, 2011 - 10:46 pm ICT by IANS
Kolkata, April 13 (IANS) The central government and the states have failed to reach a consensus on the rollout of the Goods and Services Tax (GST) despite a four-year dialogue, ... Read more...

Posted in Uncategorized |

CII, FICCI welcome withdrawal of service tax on healthcare


March 22nd, 2011 - 10:34 pm ICT by ANI
New Delhi, Mar 22 (ANI): The Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI) have welcomed the decision of Union Finance Minister Pranab Mukherjee ... Read more...

Posted in National |

Healthcare tax withdrawn as Lok Sabha passes Finance Bill


March 22nd, 2011 - 8:35 pm ICT by IANS
New Delhi, March 22 (IANS) Finance Minister Pranab Mukherjee Tuesday withdrew the proposed 5 percent service tax on healthcare after protests from lawmakers and the medical fraternity, even as ... Read more...

Posted in Health |

Middle East events may push oil prices, inflation: Mukherjee (Lead)


March 22nd, 2011 - 5:17 pm ICT by IANS
New Delhi, March 22 (IANS) Finance Minister Pranab Mukherjee Tuesday warned of a spike in global fuel prices and domestic inflation as a result of the political uncertainties in ... Read more...

Posted in Business |

Mukherjee announces withdrawal of service tax on healthcare


March 22nd, 2011 - 3:06 pm ICT by ANI
New Delhi, Mar 22 (ANI): Union Finance Minister Pranab Mukherjee on Tuesday announced the withdrawal of five percent service tax on healthcare.He also introduced a Constitution Amendment Bill in the Lok ... Read more...

Posted in National |

Cabinet nod for bill to introduce goods and services tax


March 15th, 2011 - 5:47 pm ICT by IANS
New Delhi, March 15 (IANS) India's union cabinet Tuesday gave its nod for amending the constitution to introduce a uniform goods and services tax regime across the country by ... Read more...

Posted in Uncategorized |

Travel managers can help clients cicumvent costlier air travel, hotel bookings: Egencia (Part-I)


March 3rd, 2011 - 1:32 pm ICT by ANI
Gurgaon (Haryana), Mar.3 (ANI): Though India Incorporated has by and large welcomed the budget proposals for 2011-12, there appears to be a disturbing aspect in them insofar as the hospitality and travel ... Read more...

Posted in Business |

India budget will spur investment: US chamber


March 1st, 2011 - 11:45 am ICT by IANS
By Arun Kumar Washington, March 1 (IANS) A leading US trade association has praised India's budget, saying it sets forth clear parameters that will spur and sustain greater investment in the country's ... Read more...

Posted in Business |

India’s cabinet discusses how to bring black money back (Roundup)


January 20th, 2011 - 8:22 pm ICT by IANS
New Delhi, Jan 20 (IANS) Prime Minister Manmohan Singh Thursday discussed with his cabinet colleagues how to bring back black money stashed abroad, a day after the Supreme Court queried ... Read more...

Posted in Business |

Vodafone tax row will be settled amicably: Britain


January 19th, 2011 - 6:42 pm ICT by IANS
New Delhi, Jan 19 (IANS) The British government is hopeful that the three-year old dispute of Vodafone's joint venture in India involving a tax claim of over Rs.11,000 crore ($2.5 billion) will ... Read more...

Posted in Business |

PPP puts IMF-backed tax regime on back burner due to “opposition by main parties”


December 22nd, 2010 - 6:37 pm ICT by ANI
Islamabad, Dec 22 (ANI): The Pakistan People's Party (PPP) government has decided to put aside the controversial tax law for the time being, owing to the stiff opposition by almost all the ... Read more...

Posted in South Asia |

Pak Govt reshuffles economic team to gear up for new IMF-backed tax regime


December 21st, 2010 - 6:12 pm ICT by ANI
Islamabad, Dec 21 (ANI): The Pakistan government has pulled up its socks to fulfil the commitments it made to the International Monetary Fund (IMF), as it reshuffled its economic team to ... Read more...

Posted in South Asia |

Mamata to take up filmmakers’ tax woes with government


November 22nd, 2010 - 9:50 pm ICT by IANS
Panaji, Nov 22 (IANS) Railway Minister Mamata Banerjee Monday said she will take up the film industry's concerns over taxation with the government. Her assurance came after filmmaker Yash Chopra raised ... Read more...

Posted in Business |

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