Sydney consensus to help drug exports
New Delhi: With a strong convergence for allowing those countries with little or no manufacturing capacity in the pharmaceutical sector to import essential drugs at cheaper cost under the compulsory licensing mechanism, at the last week’s Sydney mini-ministerial, the focus will now shift to the Geneva-based WTO where negotiators will strive to hammer out a decision on the issue by December 31, the deadline set by the Doha ministerial.
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Tax sops to Mauritius FIIs: HC order stayed
New Delhi: The Supreme Court has stayed a Delhi high court judgment quashing a Central Board of Direct Taxes circular exempting the Mauritius-based foreign institutional investors from paying tax on capital gains in the country under the double taxation avoidance treaty.
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SC dismisses PIL against selloff policy
New Delhi: The Supreme Court on Monday dismissed a public interest litigation challenging the Centre’s disinvestment policy on the ground that the government by selling its shares in PSUs has abdicated its duty towards the Constitution which called for implementation of a socialistic pattern of economy.
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Russian team in Delhi to give final touches to Admiral Gorshkov deal
New Delhi: A high-level team from Russia is in New Delhi to give final touches to the Admiral Gorshkov deal. The deal involves the sale of an aircraft carrier to India, the price negotiations for which have been going on for several years.
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Tax structure for textile sector may be rationalised further
New Delhi: The government is likely to further rationalise the tax structure in the textile sector by extending the cenvat chain and allowing textile companies to raise cheaper funds through external commercial borrowings route.
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