Government on Tuesday said it will soon come out with a new Income Tax Code to streamline the taxation structure and reduce the plethora of exemptions given to various segments of taxpayers. The new tax code would become law after
US aircraft manufacturer Boeing said on Tuesday the company will deliver more wide-bodied 777 aircraft to India in 2009 than in the current year, besides the 787 Dreamliner.
The fast growing information technology sector was on Tuesday given tax exemption till March 2010 with government extending the sunset clause by a year, making the players more confident to fight US slowdown and pressures from a rising rupee. The
The government on Tuesday announced changes in excise duty from specific to value based for cement priced above Rs 250 per bag of 50 kg, a move manufacturers say would increase the production cost.The industry, however, was non-committal on whether
A three-pronged strategy to contain prices should bear fruit in the next 2-3-months and inflation will begin to moderate to 5-5.5 per cent by this financial year, Reserve Bank Governor, Dr Y V Reddy, said on Tuesday.Though forecasting a slowdown
The opposition questioned the earmarking of a substantial 60,000 hectares of land for these zones, saying it was far beyond the necessity. Ravi Shankar Prasad (BJP) said half of the land was being handed out to non-processing zones, which the
Petroleum Minister Murli Deora on Tuesday insisted the Prime Minister's Office had not directed his ministry to allocate natural gas to companies run by family of Shipping Minister T R Baalu, breaking the government's silence over the issue."The Prime Minister
Most applicants of the H1-B visas, much sought-after by hi-tech professionals including Indians, are 'average' workers and not the 'innovators' as portrayed by industry lobbyists, a report has said, opposing the extension of the popular guest worker programmes. New data
