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GAAR to incorporate OECD initiative's norms on tax avoidance

Mar 01, 2015

GAAR to incorporate OECD initiative's norms on tax avoidance

Finance Minister Arun Jaitley in his Budget for 2015-16 yesterday had postponed by two years to 1 April 2017 the implementation of the controversial GAAR. #Economy #OECD #Arun Jaitley #PolicyWatch #G20 #Gaar #General Anti Avoidance Rules #Budget2015 #Economy Budget 2015
Banks, NBFCs need RBI, Sebi nod to act as investment advisers: market regulator

Feb 25, 2015

Banks, NBFCs need RBI, Sebi nod to act as investment advisers: market regulator

The norms require investment advisers banks, NBFCs and corporates would have to segregate their investment advisory services from other activities. #Investing #RBI #SEBI #PolicyWatch #NBFCs
Service tax norms taking toll on engineering consulting firms: Gadkari to Jaitley

Feb 18, 2015

Service tax norms taking toll on engineering consulting firms: Gadkari to Jaitley

Delayed payment of service tax further attracts huge interest at the rate of 18 percent and for delayed payment beyond six months, interest rate increases to 24 percent and beyond 12 months to 30 percent, the letter said. #Nitin Gadkari #Arun Jaitley #PolicyWatch #service tax #TDS #Consulting engineering companies #Infrastructure Budget 2015
No red-tape: Now e-file a single copy of application for FIPB approval

Feb 17, 2015

No red-tape: Now e-file a single copy of application for FIPB approval

The finance ministry today launched an upgraded and secure portal for e-filing of FDI applications. #Economy #finance ministry #World Bank #FDI #PolicyWatch #FIPB
Services on board on Chief of Defence Staff, says minister

Feb 16, 2015

Services on board on Chief of Defence Staff, says minister

Speaking on the sidelines of AeroIndia International Seminar-2015, the minister said the Chief of Defence Staff was someone who has to take the overall perspective and doesn't think in compartments like Navy, Air force and the Army. #Defence #PolicyWatch #Hindustan Aeronautics #Dassault Aviation #Rao Inderjit Singh #chief of defence staff #Rafale fighter jet
Budget 2015: Jaitley may seek to re-introduce customs duty on crude oil

Feb 16, 2015

Budget 2015: Jaitley may seek to re-introduce customs duty on crude oil

Given that there is no customs duty on imported crude oil, the CST levy places domestic producers at a significant disadvantage vis--vis imported crude, government sources said. #Economy #crude oil #finance ministry #Arun Jaitley #PolicyWatch #Sales Tax #budget 2015 #Budget2015 #Finance Budget 2015
Govt to scrap 125 toll plazas by month-end, says Gadkari

Feb 12, 2015

Govt to scrap 125 toll plazas by month-end, says Gadkari

The electronic toll (e-toll) collection system introduced in the country will help save Rs 88,000 crore and cut waiting time at toll plazas significantly, Gadkari said quoting a Transport Corporation of India-IIM Kolkata study. #Nitin Gadkari #PolicyWatch #NHAI #Road transport #Toll plazas #Indian Highways Management Company Limited
Maharashtra may allow civic bodies to raise money through municipal bonds

Feb 06, 2015

Maharashtra may allow civic bodies to raise money through municipal bonds

Civic officials said that the BMC had asked the previous government to allow raise funds around Rs 2,000 crore through the municipal bonds. #Economy #SEBI #Infrastructure #PolicyWatch #Maharashtra #Brihanmumbai Municipal Corporation #States #Sitaram Kunte #Devendra Fadnavis #Municipal bond markets
Rajan has no magic wand to prod banks to cut rates but loans may get cheaper

Feb 04, 2015

Rajan has no magic wand to prod banks to cut rates but loans may get cheaper

Raghuram Rajan has candidly admitted that he doesnt have the magic wand to make commercial banks cut their lending rates, which will ultimately result in lowering the interest rate burden on the common man. #RBI #Reserve Bank of India #Interest rates #PolicyWatch #Rate cut #Lending rates
Raghuram Rajan is no item number; don't expect a rate cut every 15 days

Feb 03, 2015

Raghuram Rajan is no item number; don't expect a rate cut every 15 days

he next action from the RBI on the repo rate front, will happen only after The government has presented its annual budget irrespective of the business media continuing to make a song and dance about it. #Inflation #RBI #fiscal deficit #Raghuram Rajan #PolicyWatch #Budget2015