Fin Min examining CBDT report on black money
New Delhi: Nearly ten months after it was formed to examine ways to check the menace of black money,a committee under the chairmanship of Central Board of Direct Taxes chief has submitted its report to the Finance Ministry.
MFI Bill is anti-poor,says AP govt official
Hyderabad: The micro finance bill,approved by the Union Cabinet last week,is anti-poor and will help MFIs not small borrowers,according to R Subrahmanyam,Principal Secretary,Rural Development.
Central Bank says it needs over R14K cr for Basel III
Mumbai: Central Bank of India has said it will be requiring over Rs 14,000 crore of fresh capital to meet the Basel-III guidelines which will kick in from next fiscal.
BNP Paribas Sec appoints Kulkarni as India head
Mumbai: BNP Paribas Securities Services S announced that it has appointed Viraj Kulkarni as head of securities services in India.
DoD wants smaller PSUs for over 10% stake sale
New Delhi: The Department of Disinvestment (DoD) has asked small PSUs,which intend to hit capital markets,to consider initial public offering of 15-20 per cent of their paid-up equity.
Industry Ministry wants review of BIPA
New Delhi: Worried over a spurt in cases of overseas telecom companies seeking protection under BIPA,the Industry Ministry has made a case for re-negotiation of such bilateral investment protection agreements with foreign countries.
13 Mauritius FIIs operating via impermissible pacts
New Delhi: Over a dozen Mauritius-based Foreign Institutional Investors are carrying out operations through impermissible arrangements and would attract provisions of General Anti-Avoidance Rules,the implementation of which has been postponed by a year.