Online customs valuation data to curb evasion
New Delhi: In a major drive to curb revenue leakages through under-invoicing of imports, the finance ministry has started daily online collection of customs duty valuation data from 19 centres throughout India.
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IRDA to seek 2001-02 motor insurance details
New Delhi: The Insurance Regulatory and Development Authority will be asking general insurers to furnish a break-up of their motor claims experience under separate heads third party and comprehensive (third party as well as own damage).
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Safeguard duty hinges on market disruption
New Delhi: Market disruption or threat thereof will be the deciding factor for imposing safeguard duty on import of Chinese goods rather than serious injury or threat of serious injury, which are normally applicable to cases where safeguard duty is imposed.
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Rs 20-crore central aid for Gujarat water crisis
New Delhi: Union Rural Development Minister M Venkaiah Naidu has decided to release the first instalment of Rs 20 crore for Gujarat to cope with drinking water crisis in some parts of the drought-affected state.
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States to expedite computerisation of land records
New Delhi: Rural Development Minister M Venkaiah Naidu has urged Indian states to accelerate computerisation drive of land records so that it can be completed in the early years of the 10th Plan.
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Commerce ministry directed to probe international schools
New Delhi: The Delhi High Court has directed the commerce and industry ministry to act on a representation made by Dr Subramanian Swamy and complete the probe into the alleged irregularities by international schools operating in the country within six weeks.
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Co secretary not needed for small companies
New Delhi: The department of company affairs has relaxed norms governing the appointment of whole-time company secretaries, making it mandatory only for companies with a paid-up capital of Rs 2 crore or more.
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Gujarat investment body slips on poor recoveries
Ahmedabad: The Gujarat Industrial Investment Corporation, a premier financial institution of the state government, is in trouble. GIIC has been defaulting on a Rs 160-crore line of credit (LC), which was extended by seven banks.
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