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
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 manufactured
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
SERVICES PROVIDED IN TAXABLE TERRITORY ALONE ARE TAXABLE
S.No. 6 of the notification no. 25/2012-ST dated 20.06.2006 exempts services provided by an arbitral tribunal or an individual as an advocate or a partnership firm of advocates by way of legal services to a business entity with a turnover up to rupees ten lakhs in the preceding financial year. Does the word ‘turnover’ include
Indirect Tax Notifications India
Notifications: Customs„X CBEC has issued a Notification No. 66/2012 ¡V Customs (Non-Tariff), dated 31st July, 2012 amending Notification No.36/2001-Customs (N.T) dated 3rd August 2001. For the full text of the Notifications, members may visit: http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2012/csnt2012/csnt66-2012.htm CBEC has issued a Notification No. 67/2012 ¡V Customs (Non-Tariff), dated 1st August, 2012 regarding rate of exchange of conversion of each
MAURITIUS Tax Treaty Benifit Allowed for Buy-Back of Shares
Buy-back of shares will not lead to capital gains tax impost on Armstrong Mauritius, says a ruling of the Authority for Advance Rulings (AAR). Armstrong Mauritius, a company incorporated in Mauritius, had approached AAR to seek a determination on the tax implications of a buy-back programme to be undertaken by Armstrong India. Armstrong India is
Are you aware of the benefits of debt management plan?
Debt management plan can be beneficial for you if you’re struggling to keep up with your monthly payment. The credit counselors associated with the debt management companies can help to negotiate with the creditors to lower the monthly payment. The counselor may determine a budget plan after reviewing your financial situation. He may conduct a credit
Employment of Contract Labour Law India
The employment of Contract Labour has become an integral part of industry particularly in the present mega competition in internal and international market and also the desire of Government to boost export. The requirement of labour is always uncertain in view of the fluctuation in the market conditions. This need is always met through Contract
US judicially coerced Drug Court treatment
With one stroke of the pen, the New Jersey State Legislature and Governor Christie may have accomplished more to help addicts than I have done in over 40 years! Passing S-881 provides mandatory treatment for all addicts coming through the Drug Court, whether they want it or not. This law and the Drug Court approach
National Bar Association of India Arbitration Centre
In the backdrop of piling cases in Indian Courts, an interesting conference was organization by National Bar Association of India (“NBAI”). The conference titled as “Speedy Justice – The Pill is Alternate Disputesoe Rlution” was presided by Justice Rajesh Tandon and held at at India International Centre, Lodhi Road, New Delhi on July 14, 2012.