Finance-Economy-News-The Economic Times

Ailing PSUs may get lifeline through banks

Thu, 02 Sep 2010 21:29:23 GMT

The government may throw a lifeline to ailing state-run firms by asking public sector banks to offer easy financing options.Ailing PSUs may get lifeline through banksAiling PSUs may get lifeline through banks

Sharma backs FDI in multi-brand retail, says opening up to create more jobs

Thu, 02 Sep 2010 21:23:53 GMT

Retail sector is India's second largest employer after agriculture, with retail trade employing 35.06 million people.Sharma backs FDI in multi-brand retail, says opening up to create more jobsSharma backs FDI in multi-brand retail, says opening up to create more jobs

Citi to support financial inclusion, microfinance in India

Thu, 02 Sep 2010 16:45:27 GMT

Citigroup is keen to be a part of India's growth story and will continue to focus on microfinance and support initiatives in the areas of financial inclusion and education.Citi to support financial inclusion, microfinance in IndiaCiti to support financial inclusion, microfinance in India

Fund managers refuse to play salesman for New Pension Scheme

Wed, 01 Sep 2010 22:17:48 GMT

Fund managers have declined to promote and market the struggling New Pension Scheme (NPS), leaving the pension regulator the task of popularising the government?s flagship retirement savings scheme.Fund managers refuse to play salesman for New Pension SchemeFund managers refuse to play salesman for New Pension Scheme

FM calls for concrete steps to recover Rs 38K cr tax arrears

Wed, 01 Sep 2010 15:11:41 GMT

Concerned over Rs 38,000 crore in tax revenue being locked up in legal disputes, Finance Minister Pranab Mukherjee on Wednesday asked the authorities to step up efforts to realise the taxes.FM calls for concrete steps to recover Rs 38K cr tax arrearsFM calls for concrete steps to recover Rs 38K cr tax arrears

India loses $65 bn annually due to poor logistics: Report

Wed, 01 Sep 2010 14:57:36 GMT

A whopping $65 billion is lost every year on account of the inefficient supply-chain system in India and this despite the Indian retail sector being in the high-growth mode, a report said.India loses $65 bn annually due to poor logistics: ReportIndia loses $65 bn annually due to poor logistics: Report

India's telecom sector favourite among foreign investors

Wed, 01 Sep 2010 08:23:25 GMT

India attracted $891 million (Rs 4,023 crore) FDI in the telecom segment in the first two months of the current fiscal, the highest among all sectors.India's telecom sector favourite among foreign investorsIndia's telecom sector favourite among foreign investors

Swiss treaty on black money doesn?t cover past information

Tue, 31 Aug 2010 23:50:29 GMT

India will not be able to get its hands on inoperative Swiss accounts as the tax treaty worked out with the country will only cover active accounts.Swiss treaty on black money doesn?t cover past informationSwiss treaty on black money doesn?t cover past information

Pension fund deficit swells to Rs 54K crore

Tue, 31 Aug 2010 23:23:26 GMT

The Employees? Pension Scheme of 1995, where up to a third of workers? provident fund contributions are parked, is facing a shortfall of Rs 54,000 crore.Pension fund deficit swells to Rs 54K crorePension fund deficit swells to Rs 54K crore

Swiss pact will help track illegal wealth: Govt

Tue, 31 Aug 2010 14:32:08 GMT

The government said on Tuesday the tax pact signed with Switzerland should help track illicit Indian funds parked in Swiss bank accounts.Swiss pact will help track illegal wealth: GovtSwiss pact will help track illegal wealth: Govt

DTC Bill proposes to plug loopholes in Vodafone-type buyout

Tue, 31 Aug 2010 14:00:56 GMT

DTC has proposed to impose CGT on overseas acquisitions if the acquired company holds over 50 per cent assets in India to plug the loophole that led to Vodafone disputing a tax claim on its USD 11.1 billion deal with Hutchison.DTC Bill proposes to plug loopholes in Vodafone-type buyoutDTC Bill proposes to plug loopholes in Vodafone-type buyout

April-July fiscal deficit at $19.3 bn: Govt

Tue, 31 Aug 2010 12:23:23 GMT

India's fiscal deficit from April to July was Rs 90,915 crore ($19.3 billion), or 23.8 per cent of the full-year target, the government said in a statement on Tuesday.April-July fiscal deficit at $19.3 bn: GovtApril-July fiscal deficit at $19.3 bn: Govt

New India-Swiss pact not to recover black money: Pranab

Tue, 31 Aug 2010 08:59:12 GMT

Pranab Mukherjee clarified that the revised Double Taxation Avoidance Agreement India signed with Switzerland will not help the country in getting back black money stashed away in secret Swiss bank accounts.New India-Swiss pact not to recover black money: PranabNew India-Swiss pact not to recover black money: Pranab

Jan-June FDI inflows down 18 pct y/y: Govt

Tue, 31 Aug 2010 07:13:25 GMT

India's foreign direct investment inflows from January to June this year were down 18 percent to $10.78 bn from a year ago, Industry Secretary R.P. Singh said on Monday.Jan-June FDI inflows down 18 pct y/y: GovtJan-June FDI inflows down 18 pct y/y: Govt

DTC to strengthen India?s tax demands on cross-border M&As

Mon, 30 Aug 2010 21:12:45 GMT

Provisions of the proposed DTC will strengthen India?s tax demands on cross-border acquisitions involving Indian companies.DTC to strengthen India?s tax demands on cross-border M&AsDTC to strengthen India?s tax demands on cross-border M&As

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