NSE, MCX in merger talks, could submit proposal to Sebi this month

NSE, MCX in merger talks, could submit proposal to Sebi this month The merger will help NSE and MCX cement their leadership position both in the equities and commodity derivatives space The National Stock Exchange (NSE) and the Multi Commodity Exchange (MCX) entered into merger talks ahead of the implementation of the universal exchange framework […]

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Govt Mulls New Category to Tax Hi-tech Items

Govt Mulls New Category to Tax Hi-tech Items Move to allow Centre to impose import duties without violating global pact The government is exploring the possibility of creating new categories in its tariff structure that will allow it to impose import duties on hi-tech products without violating a global agreement that mandates nil duties.The government […]

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Taxman Disallows AMP Deductions Sought by MNCs

Taxman Disallows AMP Deductions Sought by MNCs Says ad money spent not for India business uses hitherto unused provision of I-T Act The income-tax department has started issuing notices to several multinational consumer firms, disallowing deductions on expenses of advertising, marketing and sales promotion under a hitherto unused provision of the Income Tax Act. Notices […]

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Govt Proposes Rates for Treatment Under Health Protection Scheme

Govt Proposes Rates for Treatment Under Health Protection Scheme Scheme likely to be rolled out by Aug, registration for hospitals expected to begin by June 15 The government has proposed rates for over 1,350 treatment packages ranging from Rs 1,000 to over Rs 1.50 lakh, for the Pradhan Mantri Rashtriya Swasthya Suraksha Mission.The government issued […]

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PMO Advances Completion Dates for Rural Schemes

PMO Advances Completion Dates for Rural Schemes The Prime Minister’s Office is aiming for completion of key rural schemes ahead of the next general election, bringing forward their deadlines in keeping with a campaign pitch of ‘Har ghareeb ko ghar, usmein toilet, bijli aur gas’ (House for every poor person, with toilet, electricity and cooking […]

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Cabinet approves ordinance to give homebuyers creditor status under IBC

Cabinet approves ordinance to give homebuyers creditor status under IBC Special provisions planned for MSMEs, panel wants CoC to have power to withdraw application for insolvency resolution.The Union Cabinet approved, via an Ordinance, amendments to the Insolvency and Bankruptcy Code (IBC), giving homebuyers the status of creditors in the insolvency process. Also in the Ordinance, […]

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Rupee nears its all-time low on global cues; Sensex drops 306 points

Rupee nears its all-time low on global cues; Sensex drops 306 points The rupee dropped 0.6 per cent to a 17-month low of 68.42 against the dollar.The rupee and stocks tumbled along with other global markets on Wednesday after the US dollar strengthened, as events across Italy, Turkey and North Korea triggered risk-off bets. Investors […]

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