National

June 29, 2012 1:48 PM

PMO: Draft Guidelines on GAAR put on govt website to get feedback

Prime Minister Office today said that Draft Guidelines on General Anti-Tax Avoidance Rules, GAAR have been put on the government website to get wide-ranging feedback on the issue. An official release issued by the PMO says the final decision will be taken with the approval of the Prime Minister, who...

June 29, 2012 1:47 PM

Centre planning to conduct Sixth Economic Census as Central Sector Plan Scheme

The Centre is planning to conduct the Sixth Economic Census as a Central Sector Plan Scheme in collaboration with all states and Union territories.This was stated by the Minister of State for Statistics and Programme Implementation, Mr Srikant Kumar Jena while addressing a function in New Delhi toda...

June 29, 2012 1:31 PM

National Security Advisor Menon calls on SL Prez Rajapaksa

National Security Advisor Shiv Shanker Menon today called on the Sri Lankan President Mahinda Rajapaksa . Mr Menon, in his one-to-one meetings with the Sri Lankan leader has expressed India's concerns over the slow pace of devolution process and underlines the reconciliation issue and need for ...

June 29, 2012 1:28 PM

Govt hopeful India's economy to bounce back from Oct onwards

The government is hopeful that India's economy will bounce back from October onwards. Talking to media on the sidelines of a function in New Delhi today, the Chief Economic Advisor in the Finance Ministry Kaushik Basu said the Industrial growth particularly in the manufacturing sector has been ...

June 29, 2012 1:26 PM

Moily calls upon Corporate Houses to put in place Self regulatory mechanism

The Union Minister for Corporate Affairs Veerappa Moily called upon Corporate Houses to put in place a Self regulatory mechanism to check corporate frauds. He was speaking at the national symposium on 'State of corporate fraud control in India' organised by trade association ASSOCHAM in Bangalore to...

June 29, 2012 1:10 PM

ULFA delegation meets Home Secretary in New Delhi

An ULFA delegation led by its Chairman Mr. Arabinda Rajkhowa today met Home Secretary Mr. R K Singh in New Delhi today. The delegation had talks with Mr. Singh about two hour on their demands submitted by ULFA. Talking to media after meeting, Mr. Rajkhowa said that the talks with the Home Secretary ...

June 29, 2012 1:07 PM

Govt reconstitutes NAC

The government has reconstituted the National Advisory Council (NAC) chaired by Mrs. Sonia Gandhi by inducting Mihir Shah, Member, Planning Commission, and Ashis Mondal, founder of the Bhopal-based NGO, Action for Social Advancement. The members who have been renominated are-N C Saxena, Narendra Jad...

June 29, 2012 12:28 PM

Finance Ministry proposes monetary limit in draft guidelines for invoking GAAR

To address investor concerns over taxation issues, the Finance Ministry has proposed a monetary limit for invoking the controversial General Anti-Tax Avoidance Rules, GAAR in its draft guidelines issued late last night. Although the draft did not specify the monetary limit, it said that those deals ...

June 29, 2012 9:17 AM

Bhopal tragedy: US court clears Union Carbide, Warren Anderson of liability

In a setback to 1984 Bhopal gas tragedy victims, a US court has held that neither Union Carbide nor its former chairman Warren Anderson were liable for environmental remediation or pollution-related claims at the firm's former chemical plant in Bhopal. US District Judge John Keena in Manhattan ...

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