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Chidambaram says will introduce direct tax code in monsoon session
MUMBAI (Reuters) - Finance Minister P. Chidambaram said on Friday he would introduce a bill for a direct tax code (DTC) during the monsoon session of parliament. The code, which will replace the existing Indian Income Tax Act 1961, is intended among other things to rationalise tax rates to bring more
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Azerbaijan not to join NATO
Baku, May 25 (IANS/RIA Novosti) Azerbaijan will join neither NATO nor the Russia-led Collective Security Treaty Organization (CSTO), but is prepared to cooperate with both, a presidential aide said. "As Azerbaijan has been participating in NATO's Partnership for Peace programme since 1995, we envision our future security model within the framework #NewsTracker
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HSBC Chairman urges acceleration of bank reform
LONDON (Reuters) - HSBC's (HSBA.L) (0005.HK) Chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was criticised by shareholders for compliance failings and accusations it aided tax avoidance. Flint told around 400 shareholders at the bank's annual meeting that the fallout from
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HSBC Chairman urges acceleration of bank reform
LONDON (Reuters) - HSBC's (HSBA.L) (0005.HK) Chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was criticised by shareholders for compliance failings and accusations it aided tax avoidance. Flint told around 400 shareholders at the bank's annual meeting that the fallout from
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Stimulus fears haunt world share markets, dollar recovers
NEW YORK (Reuters) - Global equity markets drifted lower on Friday as investors were beset by worries that central bank stimulus may be curtailed, but the dollar recovered against the euro to trade almost flat after better-than-expected U.S. durable goods data for April. Wall Street opened lower, heading toward its first
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UAE, OIC condemn killing of British soldier
Abu Dhabi, May 25 (IANS/WAM) The United Arab Emirates (UAE) and the Organization of Islamic Cooperation (OIC) have strongly condemned the killing of a British soldier in Woolwich, London. "This brutal act is rejected by all religions and deserves every condemnation and denunciation," UAE Foreign Minister Sheikh Abdullah bin Zayed Al #NewsTracker
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Gold faces more pressure as inflation stays tame
LONDON (Reuters) - Gold prices are looking even more vulnerable after April's price crash, as rampant inflation expected from successive rounds of monetary easing fails to materialise. The idea that record-low interest rates would damage paper currencies and boost inflation was a key factor pushing gold to record highs in the
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IAF chief stresses on operational capability, training
Bangalore, May 24 (IANS) Indian Air Force chief, Air Chief Marshal N.A.K. Browne Friday stressed on enhancing operational capability and training for its station commanders. "Commanders need to concentrate on operational capability and training, creation of operational infrastructure, asset protection resources for operation and people management," Browne said at a meeting #NewsTracker
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Vestas says fraud squad investigating ex-finance chief
COPENHAGEN (Reuters) - The former chief financial officer of Danish wind turbine maker Vestas Wind Systems A/S (VWS.CO) is being investigated by the country's fraud squad over two agreements he made with an Indian firm, Vestas said. Vestas said it had contacted Denmark's State Prosecutor for Serious Economic and International Crime
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Ecuador’s Correa won’t run again in 2017
Quito, May 24 (IANS/EFE) On the eve of his inauguration for another four-year term, Ecuadorian President Rafael Correa said Thursday that he will not run again in 2017. "We are all necessary, but nobody is indispensable," the 50-year-old head of state said in a television interview, expressing confidence that his Alianza #NewsTracker
