The government is likely to challenge the Income Tax Appellate Tribunal ruling on Bofors case in the Delhi High Court for its remarks against the Income Tax department. Though government was not a direct party in the case, based on the opinion of Attorney General Mr Ghoolam Vahanvati, the Law Ministry is understood to have asked the Finance Ministry to challenge the ITAT ruling as it contained certain remarks against the Income Tax department.
SEBI Board meeting PRESS RELEASE NO. 24/2011, DATED 7-2-2011 The Board met today in Mumbai and took the following decisions: 1. ASBA facility mandatory for QIBs and NIIs: The ASBA facility shall be mandatory for non-retail investors (Qualified Institutional Buyers and Non-Institutional Investors) making applications in public/rights issues with effect from May 1, 2011. 2. […]
India today announced that it was taking steps to reduce the sensitive lists of items for free trade as it pitched for early ratification of a SAARC pact in Trade in Services and finalisation of an agreement on Promotion and Protection of Investments to give a fillip to intra-regional commerce.
Industry chamber CII today called for the government to provide tax incentives on agricultural activities in the forthcoming Budget to encourage private participation and adoption of new technologies in the sector.
Ahead of the Budget, Finance Minister Pranab Mukherjee today said exporters will have to “fight” their own battle and stop expecting fiscal incentives from the government.
The Report of Task Force on Transaction Cost in Exports was released here today by the Finance Minister, Shri Pranab Mukherjee in the presence of Shri Anand Sharma, Minister of Commerce and Industry and Shri Jyotiraditya M Scindia, Minister of State
The five major Regional Plant Quarantine Stations have been fully equipped to perform their function of preventing the introduction of any insect, fungus or other pest, which is or may be destructive to crops, to facilitate safe global trading in agr
The complainant, a private Cable Contractor alleged that the Sub Divisional Engineer, B.S.N.L., Harur has demanded a bribe of Rs.5000/- for sending condonation letter to the Office of General Manager, Dharampuri for clearing his bills. CBI laid a tra
The Comptroller and Auditor General on Monday said that audit of certain activities of Department of Space (DoS) were under way but made it clear that media reports on alleged scam in a deal between ISRO and a private firm cannot be concluded as its
The broad IT plan for enabling GST was presented to the Government of India and the Empowered Committee of State Finance Ministers
