It is what you may call charity with benefit.
The lure of FMCGs has faded over the years with the rise of consultancy firms, foreign banks and software companies, according to the Campus Recruiter Index, an annual survey by research agency AC Nielsen tracking students' perception of recruiting companies on campuses.
The measures include increasing the number of services on which exporters are granted service tax exemption and refunds, re-introducing interest payment on the Exchange Earners Foreign Currency account and extending the period and scope of pre- and post-shipment credit.
West Bengal might have Bollywood actor Shah Rukh Khan as its brand ambassador, but the alliance comes at a cost.
Two of the three youths killed in an encounter with security forces in the Parimpora area of Srinagar were 'radically inclined' and working as overground workers of the Lashkar-e-Tayiba (LeT) terror outfit, police said on Friday and added that the case was being investigated.
The government is believed to have approved the proposal of granting tax benefits to IDBI in the first five years after its conversion into a bank to ensure that it continues its development financing role.
The All India Tennis Association has decided to invite India's top players for a training camp at the Delhi Lawn Tennis Association in New Delhi with an aim to provide a platform for their return to competitive action from next year.
Commerce and Industry Minister Suresh Prabhu is slated to meet senior executives of Apple on the sidelines of the World Economic Forum in Davos later this month.
The boxing camp is due to begin in the next couple of weeks for just the Olympic-bound.
The Oil and Natural Gas Corp wants to challenge the government's decision to withdraw the seven-year tax holiday on production of natural gas in a high court as the economics of its deep-sea projects will be severely hit because of the decision.
India has a shortage of 150,000 rooms and the government hopes this will create additional 7,000 hotel rooms for events like the Commonwealth Games, scheduled in New Delhi in 2010.
Chief Minister Mamata Banerjee had last week announced the scheme, and said many priests were reeling under financial crisis and her government was doling out sops to support them. "The Cabinet has given its nod to the 'Rajya Purohit Kalyan Prokolpo' which the chief minister had announced a few days ago," state home secretary Alapan Bandyopadhyay said at the secretariat.
Non-Resident Indians in the Gulf have urged Finance Minister Jaswant Singh to retain the present tax benefits for NRIs returning home permanently and not abolish the Not-Ordinarily Resident status now valid for nine years.
India believes rich nations should be away from farm subsidies.
National camp to resume on Monday.
A bench headed by Justice L Nageswara Rao directed the state governments to get help from the National AIDS Control Organisation (NACO) and legal services authorities to identify sex workers and maintain confidentiality pertaining to the identity of sex workers.
As many as 3,691 centrally-protected monuments and archaeological sites maintained by the ASI were shut from March 17 in view of the coronavirus crisis.
Communications and Information Technology Minister A Raja on Wednesday warned that withdrawal of Income Tax holiday to Software Technology Parks (STP) in 2010-11 Budget will have 'devastating' effect. He said that the STP scheme should be modified to push growth in the IT sector.
But commerce ministry works on rules for exemption to contractors.
The finance ministry has tightened the noose around developers of special economic zones by disallowing tax concessions to their contractors involved in the construction work.
As per the survey, 7 per cent of employers anticipate an increase in payrolls, 3 per cent forecast a decrease and 54 per cent expect no change.
Even as Left parties have demanded a review of the tax concessions provided to SEZs, the DoT has sought extension of excise duty exemptions to industrial units set up in telecom-specific SEZs.
The government had issued standard operating procedures for devotees and officials managing places of worship to ensure strict implement of coronavirus-related protocols and curb spread of the infection.
The domestic animation and gaming industry has said that it may face a serious crisis if not given fiscal incentives in the coming Budget.
Information technology firm Patni Computer Systems on Thursday said its earnings for a financial period could be affected
BCCI president Sourav Ganguly has indicated that this year's Indian Premier League could be conducted in empty stadiums, insisting that all possible options are being explored to ensure that the suspended event does take place despite the COVID-19 pandemic. In a letter to all the affiliated units sent late on Wednesday after the ICC Board meeting, Ganguly seemed confident of an IPL this year despite its current status of being indefinitely suspended because of the raging pandemic, which has claimed more than 8,000 lives in India.
Finance Minister P Chidambaram on Friday favoured 'a close hard look' at tax exemptions in a bid to bring fiscal prudence.
The Monopolies and Restrictive Trade Practices Commission on Friday issued a notice of inquiry to HDFC Bank for not preventing direct selling agents from making false promises to its credit card customers.
In a move to boost export of automobiles from India, the government has announced additional incentives on overseas shipments of cars and good carriers to 13 countries, including Australia and Brazil.
As a setback to exporters, shipments of 1,100 items will be entitled to lower tax refunds from October 1 when curtains draw on the popular DEPB scheme, government announced on Friday.
India on Thursday extended tax holiday and duty refund for exporters, while allowing duty free capital goods import under its Foreign Trade Policy to insulate them from protectionism induced by recession abroad. Unveiling the five-year policy, Commerce Minister Anand Sharma set a target of $200 billion worth exports for next fiscal, a feat that India failed to achieve in 2008-09 due to a slump in global demand in the face of financial crisis.
The pugilists were due to start training later this month or early in August after the Boxing Federation of India got the SAI nod to conduct the national camp amid the pandemic.
More than a dozen schemes have been announced since the new government took over, with Naxal-dominated Jangalmahal finding a special place.
Travellers coming from the United Kingdom to the national capital will have to undergo a seven-day institutional quarantine and a seven-day home quarantine even if they test negative for COVID-19 on arrival, Chief Minister Arvind Kejriwal announced on Friday.
The move to extend the income tax benefits enjoyed by units covered by the Software Technology Parks of India Act and those set up in export oriented units by another year -- up to March 31, 2011 will benefit around 6,000 STPI units and 2,486 EoUs. In its budget-related wish list, the commerce ministry had recommended a three-year extension of the scheme, while the industry has been asking for five.
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