INDUSTRY & ECONOMY
NRIS
Types of bank accounts
To understand the modes of payment and repatriation, you should know the kind of bank accounts non-residents could maintain in India. The simplest one is the Non Resident Ordinary (NRO) account, which is nothing but ...
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SOCIAL SECURITY
Mandatory health cover for unorganised sector soon
New Delhi, Feb. 23 The Government plans to initially cover 1.6 crore workers of unorganised sector under its mandatory health insurance scheme, which will come into affect from April 1. Subsequently, it plans to cover nearly six crore workers ...
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Workers in small firms may be brought under social security plans
The Centre is planning to amend the law to bring unregistered workers of small and medium enterprises under the existing social security schemes. Speaking at an interactive session organised by the Indian Chamber of Commerce here on ...
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BUDGET
Budget Wishlist
We are again at that point in a year when North Block (Delhi) gains more attention from the business community than Dalal Street (Mumbai). The importance attached to the Budget is testimony to the fact that more reforms need to be in place to ...
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Disparity in tax rates is main concern
The year 2007 has been special because India sustained its growth story despite the economic turmoil all over the globe particularly in the US due to the sub-prime crisis. In view of the challenges coming from global volatility, the Union Budget ...
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WHAT THE READERS WANT
Mechanism to cut oil subsidy burden
Create a mechanism to reduce the oil subsidy burden without issuing oil bonds to PSUs. A balanced economical measure may be taken by adjusting tax structure both Central and State Government taxes and partly by raising fuel prices. The prices to ...
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Depreciation on intangibles in M&A - a case to re-look
With India Inc actively pursuing mergers and acquisitions route for their expansions, and valuations reaching dizzying heights, the consequent availability of tax deductions on goodwill and other intangible assets has become a sore point. The ...
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Textile industry: Tied up in knots
The textile industry has been reeling under the impact of multiple headwinds – an appreciating rupee, bruising competition at the export market, firm trends in raw material prices, overcapacity in certain segments. To top it all, the ...
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PLASTICS
Plexconcil to prepare study for plastic park
The Plastics Export Promotion Council (Plexconcil) has been commissioned by the Department of Chemicals and Petrochemicals to carry out a feasibility study for development of plastic parks/clusters in India.Speaking at an interactive ...
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STEEL
Customs duty on ferro alloys may be raised
2.5 percentage point hike likely to protect domestic industry
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TAXATION
Property issues for the NRI
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REAL ESTATE & CONSTRUCTION
Regaliaa Realty plans serviced apartments chain
Chennai, Feb. 23 The Chennai-based Regaliaa Realty Ltd is diversifying its business with a chain of serviced apartments under a registered brand – Homcourt.The first Homcourt will start operating in Chennai from tomorrow. ...
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WTO
EU says market access strategy a success
Helped removal of additional duty on spirits & wines by India
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