Page-20 of Ministry of Finance

Prime Minister constitutes committee to review taxation of development centres & IT sector

To review taxation of development centres and IT sector a committee has been established by the Prime Minister Dr Manmohan Singh. The Committee will function in consultations with stakeholders and related government departments to finalize the Safe Harbour provisions announced ..

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Government approves 14 FDI Proposals worth Rs 1584.11 crore

Based on the recommendation of the Foreign Investment Promotion Board, the government approved 14 FDI proposals worth Rs 1584.11 crore. The FDI proposals which obtained government sanction included Rs 225 Crore investment in the Indian operations of Asian equity research ..

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Jawahar Thakur: New CGA

Jawahar Thakur appointed as the new CGA (Controller General of Accounts) with effect from July 1, 2012. He belongs to the 1979 Indian Civil Accounts Services batch. Before this he was the principal Chief Controller Of Accounts in Central Board ..

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E-file returns compulsory if income exceeds Rs 10 Lakhs

People with income of Rs 10 Lakhs per annum will have to file their tax returns electronically beginning 2011-12 Financial year. The CBDT (Central Board of Direct Taxes) has issued a notification making e-filing compulsory for assessment year 2012-13 onwards ..

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Greece gets new Finance Minister ‘Yannis Stournaras’

Greece Prime Minister Antonis Samaras declared Greek economist Yannis Stournaras as the country’s new Finance Minister. He took the place of Vassilis Rapanos who had submitted resignation due to health reasons.  Stournaras, 55, is a cherished laissez-faire pro-reform economist who ..

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Implications of 26% FDI in Pension Sector

Recently, the Cabinet has approved changes in the Pension Fund Regulatory and Development Authority (PFRDA) Bill, which will also pave the way for 26% foreign investment in pension fund management companies. What is PFRDA Bill? PFRDA was set up as ..

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