Page-31 of Archives: December, 2013

Medium enterprises to be included under priority sector: RBI

As per the Reserve Bank of India, the incremental bank loans to medium service enterprises (as defined in the Micro, Small and Medium Enterprises Development Act, 2006) provided...

December 1, 2013

No capital gains tax or stamp duty on foreign banks converting to WoS

As per a notification by the Reserve Bank of India (RBI), the conversion of existing foreign bank branches into Wholly-owned Subsidiaries (WoS) in India will not be liable...

December 1, 2013