Following the global financial crisis, protectionist measures taken by countries are on the rise. Business Line spoke to Mr Alejandro Jara, the Deputy Director General, World Trade Organisation, to find out his views on the extent of the impact of th
Chapter V of the Direct Taxes Code (DTC) seeks to levy a tax of 20 per cent on the book profits of every company. Profits of the company have to be prepared in the prescribed form in accordance with the provisions of parts II and III of Schedule VI t
Ensuring a windfall for over 8 million central government employees and pensioners, the Union Cabinet on Thursday approved release of an additional installment of Dearness Allowance (DA) to employees and Dearness Relief (DR) to pensioners to compens
Union Finance Minister Pranab Mukherjee has appreciated the monetary policy tightening announced by Reserve Bank of India(RBI) in its mid quarterly policy review today. He welcomed the RBI’s decision to raise the repo rate by 25 basis points and Reverse Repo Rate by 50 basis points. The Finance Minister expressed his happiness that the RBI has decided not to tighten the CRR from the existing 6 percent. The narrowing of LAF corridor should contribute towards a more efficient monetary policy, the Finance Minister added. He said that this should also encourage a greater absorption of liquidity by the Central Bank and contribute to further control of inflation.
n the Direct Tax Code Bill 2010 certain provisions relating to the INCOME-TAX APPELLATE TRIBUNAL have been incorporated which were not in the earlier draft and therefore we do not have the benefit of any intelligent or meaningful debate in the hands
