Mid-year economic review today
New Delhi: The finance ministry, for the first time, will present a mid-year review of economy to Parliament on Tuesday. The review has been conducted on the parameters prescribed in the Fiscal Responsibility and Budget Management Bill and may entail mid-year tax rate adjustments.
Back to News Review index page  

I-T exemptions on borrowed capital to stay, says Kelkar
New Delhi: Companies will continue to enjoy income tax exemption on borrowed capital despite the Kelkar committee calling for deletion of the provision of section 36 (1) (iii) of the Income Tax Act.
Back to News Review index page  

SC stays proceedings against Hindujas
New Delhi: The Supreme Court has stayed the trial of the Hinduja brothers in the Rs 64-crore Bofors pay-off case which was to commence before a special court from Wednesday.
Back to News Review index page  

Metro systems no more under railway fold
New Delhi: Parliament on Monday passed a landmark Bill which would set the ball rolling for taking metro railway systems away from the Indian Railways’ purview into the Union urban development ministry’s fold.
Back to News Review index page  

Decision on Gorshkov price soon: Navy chief
New Delhi: Pricing of Admiral Gorshkov, the Russian aircraft carrier, was coming in the way of a deal with the Russian authorities, the Navy said on Monday.
Back to News Review index page  

Corporates must take hard look at their CG record
Mumbai: Union minister of state for law and justice Ravi Shankar Prasad, on Monday, called upon the corporate sector to have a look at its track record on the front of corporate governance, especially when there are a lot of expectations from the Indian polity and judiciary in this regard.
Back to News Review index page