Government will do everything to strengthen SEBI, says Manmohan Singh Prime Minister Manmohan Singh, on Friday, asked the capital market regulator, Securities and Exchange Board of India (SEBI), to step up efforts to provide mid-cap and small-tier compa
Leading bourse National Stock Exchange (NSE) on Friday said it will scale down securities transaction tax (STT) in the capital market segments from June 1. The revision is as per the Finance Act 2013, which received Presidential assent on May 10. Intr
To implement a decision first signalled in Budget 2013, the Finance Ministry has announced a major tax concession to investors in India’s debt market. The withholding tax on interest earned on investments by Foreign Institutional Investors (FIIs) and Qual
Any withdrawal of stimulus being talked about in the US will not impact capital flows into India as the country does not depend on short-term borrowing, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here on Friday. “I think if they (US)
NCP chief and Union Minister Sharad Pawar and Maharashtra Chief Minister Prithviraj Chavan on Friday met traders’ representatives here in a bid to resolve the imbroglio over local body tax (LBT).An official said it has been decided to form a high-level co
In view of the continued demand by foreign investors seeking clarifications on various aspects of the foreign direct investment (FDI) policy in various sectors in the recent past, Union Commerce and Industry Minister, Anand Sharma on Thursday said governm
Finance Minister P. Chidambaram on Thursday sought to assuage the stock market, after it declined by over 350 points, by asserting that there was no need for any “nervousness” and the participants should read the situation correctly rather than be influen
Oman’s most modern free trade zone, Zone Sohar, is bullish on investments from Indian companies and is aiming to attract around $250 million worth of investments in the next two years from India out of the total of $450 million worth of total investments
Shift to export parity price for petroleum products in offing Following the intervention of Prime Minister Manmohan Singh, the Finance Ministry has been pushed to release nearly Rs.1 lakh crore in petroleum subsidy for 2012-13 for the three oil marketin
