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Blogs

Apr

30

Large ECBs for power & capital goods in August 2012 India

ECBs fell by around 28% during Apr- Aug2012 at US$11.52bn as compared with US$15.92bn in Apr- Aug 2011. Indian firms have raised US$2.36Bn through external commercial borrowings (ECBs) in the month of August 2012 by automatic and approval route during the period. The borrowings have declined from US$3.70Bn in August 2011 to US$2.36Bn in August 2012. ECBs fall 27.6% as compared with

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Apr

30

Health In India: NSS 71st Round Survey Report

The report titled, “Health in India” is based on information collected through NSS 71st Round for the time period January-June 2014 from 65932 households (36480 in rural and 29452 in urban) spread over the entire country. The survey on Social Consumption: Health was aimed to generate basic quantitative information on the health sector in India.

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Apr

30

Government of India and the Republic of Maldives signs agreements for the Exchange of Information

  Government of India and the Republic of Maldives signs agreements for the Exchange of Information The Government of the Republic of India and the Government of the Republic of Maldives signed two Agreements for the Exchange of Information with respect to Taxes and for the Avoidance of Double Taxation of Income derived from the

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Apr

30

Emerging Contours in the MSME Sector of India

  The Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant sector of the Indian economy over the last five decades. The sector plays an imperative role in the development of the economy. This is evident from the fact that the sector contributes 8% of the country’s GDP, 45% of the

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Apr

30

Gross Direct Tax Collections increase up by 6.6% India

Gross Direct Tax Collections inches up by 6.6% Gross direct tax collections have scaled up from Rs. 2,84,081 crore during Apr-October 2011-12 to Rs. 3,02,810 crore during Apr- October 2012-13 with growth of about 6.6%. While gross collection of corporate taxes has risen from Rs. 1,89,872 crore during Apr- October 2011-12 to Rs. 1,93,679 crore

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Apr

30

Pharma Pricing Policy India

GoM finalizes pharma pricing policy – market based pricing model proposed by industry adopted, covers all essential medicines under NLEM 2011. On September 11, 2012, the Supreme Court had directed the Government to decide the pharma pricing policy by September 27, 2012.Acting on this direction, the Group of Ministers (‘GoM’) has approved the proposal to

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Apr

30

India Infrastructure update Aviation & Airports

Ministry of Civil Avaition (MoCA) has proposed to scrap the levy of Airport Development Fee (ADF) at Delhi and Mumbai Airports from January 1, 2013. Civil Aviation Minister Mr. Ajit Singh has said that Delhi and Mumbai airports need not levy ADF if they can raise more money on their own and if this move

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Apr

30

CAG has no power to conduct Excise & Service Tax Audit of private

The Calcutta High Court delivered a judgment that Comptroller & Auditor General and any officers subordinate to him have no power to conduct audit of private enterprises unless these are financed or funded by Government or grants given by government. The High Court also quashed the letter issued by CERA a wing of CAG to conduct

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Apr

30

141 MoUs/Agreements signed at the first ever Maritime India Summit India

Two days of the first ever Maritime India Summit from 14-16 April in Mumbai has resulted in attracting investments worth Rs 82,905 crores. A total of 141 MoUs and Business Agreements were signed by various players in maritime sector including Major Ports, State Maritime Boards and PSUs like Shipping Corporation of India, Cochin Shipyard Limited, Inland

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Apr

30

Retail Investor’s Survey India

The investment pattern in the country suggests that investment flow have been highest in the traditional modes of investments such as in real estate market followed by gold and silver. Amid the uncertain financial environment, the financial markets across the globe have been sluggish for a sustained period now. Hence, at this juncture, investors were keener

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