Finance

India’s investment climate better than BRIC peers: Survey

News India has “better investment climate” than other BRIC nations even as regulatory and tax system-related challenges are impacting immediate investment plans, says a survey of top executives of German companies. More than 90 CEOs and CFOs from leading German high-tech companies participated in the survey done by global consultancy ...

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Benami definition to go stricter

News As part of efforts to prevent black money being tucked away into convenient domestic hidey holes, the government could sharply prune the list of relatives in whose names property can be acquired to spouses and unmarried daughters. This government has demonstrated that it is serious about the crackdown on ...

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Dearness Allowance hiked by 6%

News In a bonanza to over one crore central government employees and pensioners, the Cabinet today hiked Dearness Allowance (DA) by 6 per cent to 113 per cent of their basic pay with effect from January. The increase is in accordance with the accepted formula based on the recommendations of ...

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New Campaign to Scout for Chinese Investments

News India  launched a new campaign to scout for Chinese investments under the ‘Make in India’ initiative with an investor’s meeting in Hong Kong, ahead of Prime Minister Narendra Modi’s expected visit to China next month. Ajith Ranade, member of the CII core group on China, said India’s youth population ...

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Spectrum Auction Fetches a Record Rs 109,874 Crore

Past Sibal, as Telecom and IT Minister in the previous UPA government, in January 2011 had stated that there was zero loss to the Government as a result of giving away second generation or 2G telecom licences to new players on first-come-first-serve basis in 2008. News In the auction that ...

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The MUDRA Bank: Micro Unit’s Fuel

News MUDRA- Micro Units Development and Refinance Agency. Prime Minister Narendra Modi will launch on April 8 the Rs 20,000 crore MUDRA Bank, an agency to refinance micro-finance institutions which will also act as regulator for the sector. This bank would be responsible for regulating and refinancing all MFIs which ...

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Black is the New White: Black Money Law

India moved a step closer to a harsher regime for those hiding wealth overseas with the government introducing legislation in Parliament that makes such concealment a criminal offence. Tax advisors, financial advisors, banks or financial institutions caught aiding any Indian in stashing black money overseas will also face jail terms ...

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