While foreign direct investment is not allowed in the multi-brand retail, the organised retail stores promoted by the domestic industrial houses have been steadily growing.
A slew of sops were announced for teachers, employees of municipalities and others.
Investigation has revealed that the Special Force Operation team had not followed the Standard Operating Procedure and the Rules of Engagement
Concerned over the development, the security agencies reworked their strategy, especially keeping in mind the Amarnath Yatra beginning June 30.
RIL subsidiary Reliance New Energy Solar, Ola Electric, Hyundai Global Motors Company and Rajesh Exports have been approved for receiving incentives under the Rs 18,100 crore Production Linked Incentive (PLI) scheme for battery manufacturing in India, sources said on Thursday. "The ministry had received bids from 10 companies with a capacity of 130 GWh. Reliance, Ola Electric, Hyundai and Rajesh Exports have qualified for ACC batteries," a source said. Other companies which had applied for the PLI scheme for Advanced Chemistry Cell (ACC) batteries were Lucas-TVS, Mahindra & Mahindra, Amara Raja Batteries, Exide Industries, Larsen & Toubro and India Power Corporation Limited.
In a big-ticket measure, the direct tax benefits to 100 per cent export-oriented units (EoUs) have been extended till March 31, 2010. These benefits, available under Section 10 B of the Income Tax Act, were to expire on March 31, 2009.
The decision to permit the third child came after this month's once-in-a-decade census showed that China's population grew at the slowest pace to 1.412 billion amid official projections that the decline may begin as early as next year.
Empathising with Indian exporters hit by a rising rupee, the World Bank on Monday said government should look at options beyond tax sops to raise productivity and make the industry globally competitive.
The Directorate General of Foreign Trade said in a directive that telecom operators will have to refund the duty sops availed under the commerce ministry's export promotion scheme for services -- Served From India Scheme.
Under pressure from textile industry for more concessions, government on Thursday announced more tax sops including raising of excise duty exemption limits for powerloom weavers and readymade garments.
India has set a target of $160 billion for merchandise exports during 2007-08.
Finance Minister P Chidambaram has ruled out any more sops for the exporters hit hard by the rising rupee, asking them to get used to stronger currency as dollar inflows would continue to grow.
Sugar industry suffered another jolt this week when the Central government dropped its plans to offer incentives to mills for raw sugar exports.
The development comes in the wake of an indefinite hunger strike launched by activist Manoj Jarange in Jalna district on Wednesday to demand reservation for the Maratha community.
The finance ministry on Friday said revenue loss on account of fiscal sops to Special Economic Zones is estimated to be Rs 1,02,621 crore.
Having faced a debacle in four Assembly elections recently, the UPA government is exploring ways to woo voters before the coming general elections - without deviating from the path of fiscal consolidation.
'Rather than taking a very short-term view on the markets, equity investing should be premised on longer term growth opportunities.'
Slapped a 10 per cent surcharge on 'super-rich' and corporates. Levied an inheritance tax and raised duties on mobile phones, cigarettes, and luxury vehicles.
If the Budget makes no big announcements on new schemes, projects, or tax giveaways, the government would face a major political dilemma as it may have to reluctantly consider shunning the practice of unveiling pre-election sops to woo voters, notes A K Bhattacharya.
Measures may include tax slab and rate revisions for individuals, companies.
Crisil Ltd on Tuesday said the Centre's sops to Food Corporation of India including cut in interest rate on bank loans to FCI by 1.5%, will negatively impact the bottom line of public sector banks pulling down pretax-profit by 4.5% in the near term.
The Prime Minister's Economic Advisory Council on Wednesday favoured more income tax sops as also a revision in indirect tax rates on consumer durables in Budget 2008-09 to fire up the economy.
In the short video clip, other crew members could be seen shouting at the passenger after he hit the pilot.
Observing that biased reporting gives rise to public suspicion that the person has committed an offence, a bench headed by Chief Justice D Y Chandrachud said media reports can also violate the privacy of a victim.
'We want to prove to the world that they will get the best code written from a small place like Wayanad.'
The party released its manifesto -- Samajwadi Vachan Patra -- for the coming assembly elections, shortly after the BJP released its own.
Nobody is held accountable for lapses, no matter how badly it affects the person or business whose accounts are frozen. Nor is there compensation for losses. Most people get to know their accounts are blocked only when a cheque bounces, points out Debashis Basu.
Against the backdrop of the violent clashes with villagers from Meghalaya, the Assam cabinet on Wednesday decided to hand over the investigation to CBI, Chief Minister Himanta Biswa Sarma said.
Shailaja, who had won accolades for containing the Nipah infection effectively in 2018, said the southern state has a protocol and standard operating procedure (SOP) to effectively fight the infection and prevent its spread.
The guidelines issued by the government also make it mandatory for Ganesh Utsav mandals to take permission from local authorities.
Finance Minister Nirmala Sitharaman is likely to step up efforts to boost consumption and rural economy while keeping inflation under check when she presents her sixth straight Budget on February 1. Experts said one way to boost consumption is to put more money in the hands of people, and one of the possible ways of doing it is by reducing the tax burden through tinkering with tax slabs or increasing the standard deduction. Another proposal is related to increasing the funds under the rural employment guarantee scheme MGNREGA and higher payout for farmers.
In yet another decision to please the priest community after withdrawing the Chardham Devasthanam Board Act, the Uttarakhand government has reconstituted the Badrinath-Kedarnath Temple Committee under a new head to manage the affairs of the two Himalayan shrines.
According to FADA, automobile retail trade and service industry comprises a network of 9,500 automobile dealers and their service stations engaged in sale, service/repair and spares of vehicles across segments, is an essential link in automotive business and a significant stakeholder.
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Says high inflation has to be reversed to achieve sustainable GDP expansion.
It is in power on its own only in three states -- Karnataka, Himachal Pradesh and Telangana -- with a big question mark on whether it can even stake claim to be head of the INDIA bloc.
