India believes rich nations should be away from farm subsidies.
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.
"I don't want you to cry but with anger, you have to shout and demand that we need 50 per cent reservation," the CJI said.
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.
For India to be atmanirbhar, domestic manufacturers cannot remain merely assemblers of imported parts. Manufacturing in India cannot survive on support of imports forever.
The Indian Premier League's Governing Council is likely to meet on August 2 to give a final shape to the schedule and discuss other arrangements for the T20 league to be held in the UAE this year. The 13th edition of IPL, forced out of the country due to the COVID-19 pandemic, will be held in the United Arab Emirates from September 19 to November 8.
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.
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.
Most of the migrants do not get access to any medical facilities in government-run hospitals or dispensaries as they do not have an Aadhaar card and are not Indian citizens.
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.
