Budget 2009 contained important proposals in regard to exempting packaged software from customs duty, on importation, and on excise duty, with regard to domestic supplies, to the extent that such software is purportedly chargeable to the service tax. The proposals attempted to redress the problem of potential double taxation that arises in regard to such software. Earlier articles in this column had...
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a reduction in the prices of its models - Accord and CR-V by Rs 5,000.The prices have been revised following the lowering of specific excise duty by the Government on large cars of engine capacity of 2000cc and above from Rs 20,000 to Rs 15,000 announced in the Union Budget 2009 - 10. The new prices will be applicable with immediate effect....
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DELHI: While the preparations have begun for the Union Budget 2010 -2011, women’s groups have also done a close assessment of last year’s budgetary allocations to outline crucial areas that need to be addressed in the upcoming budget.These women’s groups feel that there are “striking and persistent inequalities” in the distribution of opportunities and resources between women and men in India as a...
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the 2008 Delhi Auto Expo but since then there has been no official word about its launch. But now, the company is all set to launch the vehicle at 2010 Delhi Auto Expo for the Indian market. The newwill be the 9th generation model and one of the finest with best performance in its segment.The new model is hoped to be priced at Rs. 21 lakh and above and it will be a race-bred machine capable of pumping...
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NEW DELHI: Foreign software and BPO services companies should be allowed to pay tax on a presumed rate of profit on inter-company transactions. The tax constancy firm Deloitte has suggested a 11-13% rate over costs for both software and BPO services in a white paper released on Tuesday. Introduction of the safe harbour rules is expected to improve the foreign investment climate in the information technology...
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Banks and co-operatives have disbursed farm loans to the tune of Rs 1.38 lakh crore in the first half of 2009-10, meeting over 42 per cent of the target set by the government for the whole financial year."Rs 1.38 lakh crore has been disbursed to farmers across the country as agriculture credit up to September, 2009.... The target to be achieved during 2009-10 is to the tune of Rs 3.25 lakh crore,"...
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Banks and co-operatives havedisbursed farm loans to the tune of Rs 1.38 lakh crore in thefirst half of 2009-10, meeting over 42 per cent of the targetset by the government for the whole financial year."Rs 1.38 lakh crore has been disbursed to farmers acrossthe country as agriculture credit up to September, 2009The target to be achieved during 2009-10 is to the tune of Rs3.25 lakh crore," an official...
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first air conditioned Duronto rake with High Speed Stainless Steel (HS) coaches, rolled out for Eastern Railway from the Rail Coach Factory (RCF) here.Praveen Kumar, Member Mechanical, Railway Board, visited the RCF yesterday and rolled out the first of its kind rake comprising 16 coaches, including first class AC, AC-2 Tier, AC-3 Tier, Pantry and Power Cars. He was accompanied by A K Nigam, Additional...
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Gujarat is set to become the first state to have all of its railway tracks in broad gauge. Of almost 5,000km of railway track in the state, 3,000km track has already been converted into broad gauge. The rest 2,000km stretch of railway track will be converted into broad gauge in next three years.Announcing the development, minister of state for railways KH Muniyappa on Monday said that soon Gujarat...
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CORRESPONDENT
CHANDIGARH
Oct. 30: All round enthusiasm awaits Prime Minister Manmohan Sin-gh on November 3 when he revisits Chandigarh’s Panjab University (PU), where he learnt his early lessons in economics and later also taught students becoming one of the institution’s youngest professors.
Hosting their illustrious alumnus after more than five years,...
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