Australia has invited Indian companies that are scouting for mines here to join a consultation process to explain its proposed controversial “super profit” tax on domestic mining companies. “Well, we currently are on a consultation process with the mineral and energy industry.
The Insurance Regulatory and Development Authority (Irda) has not cleared any unit-linked insurance plans (Ulips) for nearly two months, following the recent changes to the norms and the regulatory tussle over the investment-cum-insurance products.
Empowered Committee of State Finance Ministers Chairman Asim Dasgupta today said the panel expected the constitutional amendment Bill to facilitate roll out of the Goods and Services Tax (GST) regime to be tabled in the coming monsoon session of Parliament.
The government’s decision to enforce a minimum 25% public holding in all listed companies should be put on hold for another three months, said Hari S Bhartia, president of Confederation of Indian Industry (CII). He said there are a lot of grey areas that need to be cleared first.
The Bombay High Court today adjourned to July 8, the hearing on an appeal filed by Vodafone International in a dispute over tax liability. The court also stayed the ruling passed by the I-T department on May 31. The dispute is over the tax liability of Vodafone after it acquired Hutchison International’s stake in Hutchison- Essar in a USD 11.1-billion deal in 2007.
