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NEWS CENTER
Professional
INCOME TAX
  Current taxpayers number too small: CBDT chief 18/06/2013
  E-filing of audit reports must with tax returns 18/06/2013
  India approaches half-a-dozen tax havens on global black money expose 17/06/2013
  CBDT dials Vodafone on agreeing to conciliation 17/06/2013
  Taxpayers may not have to post income-tax returns paper 17/06/2013
  FinMin verifying outward remittances made in 2011-12 15/06/2013
  MNCs seek advance ruling to avoid tax rows 15/06/2013
  I-T dept initiates Vodafone conciliation process to resolve tax dispute 15/06/2013
  Taxman gets tough with US on transfer pricing 13/06/2013
  Get recommendation from boss to serve abroad 10/06/2013
  Gross direct tax receipts up 21% in April-May 08/06/2013
  Cost inflation index for 2013-14 raised by 10% 08/06/2013
  Income Tax department seeks probe details on IPL scams from Delhi Police 07/06/2013
  Cabinet okays peace talks with Vodafone under Indian laws to break deadlock over Rs 20,000 crore tax dispute 05/06/2013
  India sends maximum of 200 secret tax information requests to Switzerland 05/06/2013
  Companies, political parties to give 'other income' details in I-T returns 04/06/2013
  Income Tax department to scan salary slips of top executives for TDS 04/06/2013
DTC
  Chidambaram unhappy with Pranab’s Direct Taxes Code proposals 08/06/2013
CUSTOMS
  India offers to slash import duty on wines, spirits to 40% 17/06/2013
  Hewlett-Packard India wins stay on Custom dept's $386 million fine 12/06/2013
  Gold import duty hiked to 8% to rein in demand 06/06/2013
SERVICE TAX
  Rs 150-cr service tax evasion by NBFCs unearthed 04/06/2013
GST
  Sushil Modi resigns as GST panel chair 18/06/2013
  Modi's ouster may complicate GST riddle 15/06/2013
  GST won't be a game-changer, only a name changer 13/06/2013
  GST delay: Govt open to raising CST, compensation 08/06/2013
  Politicians need to resolve GST, not officials 07/06/2013
Misc. - Indirect Tax
  Indirect tax collection up 3.8% in April-May 18/06/2013
  CESTAT Bench for Hyderabad 10/06/2013
  Rotate customs, central excise officers every 2 yrs: Fin Min 07/06/2013
SEBI
  Sebi may tighten buyback norms to clamp down on 'hollow' open offers 18/06/2013
  Sebi finalising new anti-money laundering guidelines 17/06/2013
  Sebi notifies norms for listing of preference shares 15/06/2013
  Infosys under Sebi scanner over May 31 stock price spike 14/06/2013
  Sebi committee moots easing of norms for foreign investors 13/06/2013
  SEBI recommends easing rules for foreign investors 12/06/2013
  Sebi may get to access call data records to unearth irregularities 11/06/2013
  Sebi could take further action against errant promoters 07/06/2013
RBI
  Rupee’s fall, turn in global liquidity may force RBI to hold rates 17/06/2013
  RBI cannot set policy alone: Financial Sector Legislative Reforms Commission (FSLRC) head 14/06/2013
  RBI’s cautious approach and impact on rates 12/06/2013
  RBI intervention halts rupee’s slide; stock market skids 12/06/2013
  RBI fines Axis, ICICI & HDFC Bank for KYC norms breach 11/06/2013
  Rupee at lifetime low, RBI stays away as India Inc stresses 11/06/2013
  RBI to come out with paper on banking structure: Subbarao 10/06/2013
  Put loan collaterals through periodic legal audit, RBI tells banks 08/06/2013
  India Inc mulls way ahead after failing to meet Sebi's regulatory curbs 06/06/2013
  FSDC must limit itself to coordination, Says RBI Governor D Subbarao 06/06/2013
  RBI bans gold imports with bank credit 05/06/2013
  Guidelines for new banking licences: Sound credentials, 10-year track-record a must, says RBI 04/06/2013
IRDA
  IRDA may tighten norms for banks selling insurance 04/06/2013
FDI Policy
  Reserve Bank of India boosts FDI efforts, to notify Press Notes 2 and 3 soon 18/06/2013
  Will move Cabinet for further FDI liberalisation, says Sharma 17/06/2013
  Electronic brands find loophole to get around FDI norms on e-retailing 15/06/2013
  India Said to Plan Higher FDI Caps for Telecom, Defense Firms 12/06/2013
  FDI in retail: Clarifications on mandatory sourcing and back-end investment likely today 06/06/2013
  FDI in retail: Respite for wholesalers like Bharti Walmart as government reviews 25% restriction clause 05/06/2013
  Govt considering raising FDI cap in defence: Rajan 05/06/2013
  Government defines ‘group company’ to remove FDI ambiguities 04/06/2013
Misc. Corporate Laws & Other Commercial Policies
  Method to fix drug price cap kicks up controversy 18/06/2013
  Expansion of trade pact to boost Chile’s access to Indian mkt 18/06/2013
  No Change in Retirement Age of Govt Employees 17/06/2013
  Govt likely to relax investment norms for public sector units 17/06/2013
  Government may ban NBFCs from running deposit schemes to protect investors 17/06/2013
  Foreign companies may not need FIPB nod for minority stake in Indian arms; govt to raise FDI cap 17/06/2013
  IT Ministry goes ahead with ‘go local’ policy in Govt procurement 15/06/2013
  Centre extends special industrial package to J&K for 5 years 15/06/2013
  No ordinance on Food Security Bill 14/06/2013
  Telecom panel to meet on July 2 to decide on TCIL divestment 14/06/2013
  Govt allows exports of imported products to Iran against rupee payment 12/06/2013
  Govt may ease norms for sovereign wealth funds 11/06/2013
  Changes to competition law likely to get delayed 07/06/2013
  Mining law change may help clear backlog 07/06/2013
  Govt may open exit option for concessionaires in road sector after financial closure 07/06/2013
  Unified licensing regime likely in a month: Telecom secretary 06/06/2013
  Now PSU general insurers can determine the acquisition cost on their own 06/06/2013
  Cabinet clears real estate bill; repeat offences may land developers in jail 05/06/2013
  DoT may reduce penalties on erring telecom companies & hold talks to settle other issues 05/06/2013
  Cabinet to take up real estate bill today 04/06/2013
  DoT panel moots new definition for cross-holding 04/06/2013
Finance & Money Markets
  Chances of a July rate cut to go up if the US Fed retains its QE programme 18/06/2013
  Bankers coy about base rate cut 18/06/2013
  Bond yields fall as traders breathe sigh of relief 18/06/2013
  Fitch revises outlook on 10 Indian financial institutions 15/06/2013
  Fed’s signal to slow QE may hit high-yield bonds’ hunt 15/06/2013
  Inflation down to October 2009 levels, but weak rupee stems chances of rate cut 15/06/2013
  Falling rupee boosts return of global funds 14/06/2013
  MMTC share sale sees 1.5 times subscription 14/06/2013
  FM’s reform talk draws blank in forex market; Rupee down 19 paise at 57.98 14/06/2013
  Government to go ahead with Coal India divestment 14/06/2013
  Investors continue to buy India's consumption story 13/06/2013
  SBI plans to scrap bulk deposits 13/06/2013
  Non-food credit grows 14.3% 13/06/2013
  Rupee forward & NDF gap narrows on RBI move 13/06/2013
  Talk of likely NRI bonds keeps Indian rupee above 59 mark 12/06/2013
  Centre's fuel subsidy math goes for a spin 12/06/2013
  Sensex hits 2-mth low, Nifty below 200 DMA 12/06/2013
  Currency crash casts shadow over ECBs nearing maturity 11/06/2013
  Invest in companies with strong valuations & good dividend-paying record: Brokers 11/06/2013
  How and why FIIs will continue investing in India 10/06/2013
  Any rally in rupee will be short-lived 10/06/2013
  Tough norms leave NBFCs’ banking hopes in a muddle 10/06/2013
  Rupee to rally against USD in H2 of 2013 - Deutsche 08/06/2013
  Govt looks to hike import duty on gold dore bar, control rising CAD 08/06/2013
  Indian rupee below 57 as funds exit, importers run for $ cover 08/06/2013
  Yields end flat on hope of OMO resumption 07/06/2013
  Companies staring at unhedged forex exposure 07/06/2013
  Foreign investors bail out as G-Secs yield advantage 06/06/2013
  Justdial lists at a premium to offer price; stock surges 15.3% 06/06/2013
  India Inc raises $11 billion via overseas bonds 05/06/2013
  Falling Rupee: Exporters face price-cut demand from western buyers 05/06/2013
  RBI not targeting any particular exchange rate: D Subbarao 04/06/2013
  Big names of corporate India pay more dividends 04/06/2013
CORPORATE WATCH
  Dabur promoters' PE fund to invest in Wellspring Healthcare chain 18/06/2013
  Mukesh Ambani's port, power firms get ready for big boom 18/06/2013
  Italian tractor major to invest Rs 1,100 crore in India 18/06/2013
  Etihad forms arm to hold 24% stake in Jet Airways 18/06/2013
  AirAsia appoints Ratan Tata chief advisor 17/06/2013
  Aircel finds the going tough after its debt burden soars, makes desperate moves for survival 17/06/2013
  Coal India in talks to acquire 2 Australian assets for $4 billion 17/06/2013
  Jet-Etihad deal: Mideast carrier to enjoy substantial say in decisions 17/06/2013
  TCS on track to clock 15% growth in FY14 15/06/2013
  Apollo Tyres to seek waiver from banks as loan terms breached 15/06/2013
  SEBI seeks details of Infosys board meeting 15/06/2013
  NRN out to woo back former sales personnel 15/06/2013
  Dabur gets US FDA import alert 15/06/2013
  Tata Comm, Cisco part of IT consortium for Gujarat’s financial city 15/06/2013
  Investment board okays Telenor plan to hike stake to 74% in arm 15/06/2013
  Apollo Tyres skids to 18-month low 14/06/2013
  IT biggies hand out salary hikes 14/06/2013
  Apollo Hospitals to spend Rs 2,200 cr on expansion 14/06/2013
  Airtel, Vodafone, Idea gain 91% of new market share 13/06/2013
  USL plans Rs 3,000-crore capex 13/06/2013
  Lenders flag off HSEB's Rs15,000-cr debt recast 13/06/2013
  Supreme Court stays winding up of Dunlop India 13/06/2013
  Wipro to triple headcount in Germany 13/06/2013
  State general insurers hunt for mid-sized buys in Africa 13/06/2013
  Fortis Healthcare to divest stake in Vietnam hospital chain for $80 mn 12/06/2013
  Mallya's USL wrests top position from Chhabria 12/06/2013
  AP High Court clears merger of Mahindra Satyam with TechM 12/06/2013
  RIL, ONGC among six in race for Bengal govt's HPL stake 11/06/2013
  Polaris mulls two-wheeler tie-up with Eicher 11/06/2013
  Coal India to invest Rs 340 crore in Mozambique 11/06/2013
  Cadbury India MD's salary cut by 35%, other top brass' pay down by 2-19% in 2012 11/06/2013
  Debt-ridden Elder Pharmaceuticals up for sale 11/06/2013
  Companies keep salary outgo in check to protect margins 11/06/2013
  Trouble for Tata Tele, Reliance Communications as oil companies go for VSAT connection 11/06/2013
  Idea & Vodafone gain market share, Airtel's slide show continues 11/06/2013
  Foreign subsidiaries come to India Inc’s rescue 10/06/2013
  Clarity on extending Barmer deal key to investment plan: Cairn 10/06/2013
  Shell, ONGC eye tie-up for retail 10/06/2013
  Coal India to join Rs 1 lakh-cr league 10/06/2013
  L&T-Sojitz team bags Rs 6,700-cr rail deal 08/06/2013
  P&G to set up its biggest India plant in Andhra Pradesh 08/06/2013
  Marico eyes acquisitions to make deeper foray into FMCG market 08/06/2013
  Indian Overseas Bank to raise $2 bn through MTN 08/06/2013
  RCom to lease out telecom towers to Reliance Jio in Rs 12,000-cr pact 08/06/2013
  GMR Infra gearing for an exit from Turkish airport 08/06/2013
  Amazon seeks tie-up with local retailers like Future Group, Shoppers Stop to boost sales 07/06/2013
  Cadbury under its new parent Mondelez gets bitter taste of slowdown 07/06/2013
  McGraw Hill's 22.5% stake offer for Crisil opens up arbitrage opportunity 07/06/2013
  Mukesh Ambani's Reliance Retail wing to hire 85,000 over 5 yrs, eyes 50% growth 07/06/2013
  Comeback role: The task ahead for Murthy 07/06/2013
  Apollo Pharmacy halts Ranbaxy drugs sales 07/06/2013
  L&T bags orders worth Rs 2,002 crore 07/06/2013
  Snapdeal raises Rs 280 cr from 3 venture capital firms & angel investors 06/06/2013
  Sluggish iON sales dash TCS' hopes of earning a billion dollars 06/06/2013
  Automakers plan $2-bn capex despite poor sales 06/06/2013
  Fortis in talks to sell Hong Kong & Vietnam assets to raise $400 million 06/06/2013
  Etihad deal: Jet replies to competition panel 05/06/2013
  Tata, L&T may find exit from Dhamra port tough 05/06/2013
  Bata India plans Rs 100-crore capex 05/06/2013
  Rohan Murty's presence may undermine succession planning at Infosys 05/06/2013
  IndiGo a dark horse for Star Alliance which continues to woo Jet Airways 04/06/2013
  Wipro investS $5 million in cloud and M2M services provider Axeda Corporation 04/06/2013
  Idea in talks with Axiata to sell its tower business to the Malaysian company 04/06/2013
  NR Narayana Murthy's return lifts stock more than 4%, analysts sceptical 04/06/2013
Commodities
  Crude oil climbs to 9-month high 18/06/2013
  Hedge Funds Cut Gold Bets as Paulson’s Loss Widens: Commodities 18/06/2013
  Gold traders turn bearish as investors pare holdings 17/06/2013
  Gold exports see steep decline as imports soar 15/06/2013
  Gold imports to taper as government curbs dent demand 14/06/2013
  Silver plunges 28%, suffers $5-billion hit this year 14/06/2013
  Edible oil prices set to rise 5% 13/06/2013
  Gold slides to 3-week low on stimulus concerns 12/06/2013
  Tight supply forces cos to import rubber despite Rupee fall 11/06/2013
  Gold trades near 2-week low as US economy gains 11/06/2013
  Spice exports cross R10k-cr mark in 2012-13 11/06/2013
  Crude Reaches Two-Week High as U.S. Employment Picks Up 10/06/2013
  Ethanol blending in fresh price hurdle 10/06/2013
  Commodity market awaits US Fed decision on tapering asset purchases 10/06/2013
  GAIL finds gas buyers at $13, govt wary of even $8 07/06/2013
  India set to be world's largest cotton producer by 2022 07/06/2013
  Dissuade customers from buying gold, Chidambaram tells banks 07/06/2013
  Gold rises after US jobs data misses forecasts 06/06/2013
  Hedge funds bet on gold rally on stimulus hopes 04/06/2013
  CAD still a worry, more steps likely to curb gold imports 04/06/2013
INTERNATIONAL BUSINESS
  UAE revives deal to merge its two main stock exchanges 18/06/2013
  Asia-Pacific to be centre of Ford’s growth strategy 18/06/2013
  ‘EU to approve ICE’s NYSE buy without conditions’ 18/06/2013
  Asia's richest person expands reach into Europe 18/06/2013
  UK's Co-op Bank agrees to $2.4-bn 'bail-in' rescue plan 18/06/2013
  China estimates fake trade invoicing at $75 billion in Jan-April: report 15/06/2013
  Hidden Reimann Billionaire Found as Coty Has New York IPO 15/06/2013
  Solar players upbeat over EU action against China 15/06/2013
  Citigroup Facing $7 Billion Hit on Dollar Gain, Peabody Says 12/06/2013
  AstraZeneca buys U.S. lung drug firm Pearl for up to $1.15 billion 11/06/2013
  HP’s Lane Faces $100 Million Bill on Tax Shelter Denial 08/06/2013
  Walmart board approves $15 billion share buyback plan 08/06/2013
  As arms sales go down, aerospace firms switch to commercial flights 08/06/2013
  IBM Wins Protest of $600 Million CIA Contract With Amazon 08/06/2013
  Royalty Pharma raises bid for Elan to potential $8 billion 08/06/2013
  LME Chief Abbott Plans to Leave After $2.2 Billion Takeover 08/06/2013
  Samsung Electronics loses $12 billion market value on smartphone worries 08/06/2013
  Winemakers sound alarm as EU-China trade war looms 07/06/2013
  China's Addax locked in $1 billion oil dispute with Gabon-sources 07/06/2013
  Carriers Sell Users’ Tracking Data in $5.5 Billion Market: Tech 07/06/2013
  Microsoft’s Ballmer Said to Plan Broad Restructuring 05/06/2013
  Apple saves $724 mn with well-timed sale 04/06/2013
MERGER & ACQUISITION
  Cheap foreign loans spur India's outbound M&A 18/06/2013
  M&A activity involving BRIC companies falls 9 percent 15/06/2013
  OnMobile to buy US-based Livewire for $18 mn 05/06/2013
  8 companies raise Rs 700 crore on the last day of Sebi deadline 04/06/2013
ICAI
  Revised Guidance Note on tax audit to be released on July 1 06/06/2013
Pension/Provident Fund
  EPFO wants separate courts to deal with defaulters 14/06/2013
  Take-home pay of expats, Indians may take a hit 13/06/2013
  UPA mulls Rs 1,000 pension for EPFO subscribers 04/06/2013
General Insurance
  FinMin asks regulator to probe sops to bank staff for selling insurance 07/06/2013
Banking
  Private banks score over public sector peers in 2012-13 17/06/2013
  Tightened recovery laws will help banks deal with bad loans 14/06/2013
  Daily NRI remittances through banks almost double 12/06/2013
  New bank licences likely by March 31: Finmin official 05/06/2013
Economy
  Trade deficit widens to seven-month high in May as gold imports surge 18/06/2013
  EU, US to launch talks for world's biggest trade pact 18/06/2013
  No reason for RBI to cut rates; govt just not convincing about the India story 18/06/2013
  Centre may eye FDI to finance high CAD 18/06/2013
  Increased import of Chinese goods hurts Indian MSMEs 18/06/2013
  Central banks' failure to communicate boosts bond yields 18/06/2013
  China develops world's fastest supercomputer 18/06/2013
  Faltering economy in China dims job prospects for graduates 18/06/2013
  Why bankrupt WR Grace is thriving 18/06/2013
  It ain’t over yet 18/06/2013
  German wage rises, exports offer hope for euro zone 18/06/2013
  Timely monsoon arrival leads to slump in power demand 17/06/2013
  Indian economy is in a crisis, says NCAER 17/06/2013
  Services exports in April up 22% at $12.84 bn 17/06/2013
  Prices of key drugs to be cut by up to half 17/06/2013
  Oil ministry clears $10 bn worth of pending projects 17/06/2013
  Finmin plans $300-million fund with British help to lure SWFs, pension funds 17/06/2013
  Withdrawal syndrome sparks anxiety for Fed 17/06/2013
  Gomez, Markey differ on economic remedies 17/06/2013
  Lines Blur in U.S.-Europe Debate on Austerity 17/06/2013
  Economy to pick up as spending and business confidence rise 17/06/2013
  NRIs eye real estate to get bigger bang for weaker buck 15/06/2013
  P Chidambaram's five-point action plan for economic revivial gets PM’s nod 15/06/2013
  Plan Comm expects CAD to ease in FY14 on lower gold demand 15/06/2013
  India has some serious problems: Jim Rogers 15/06/2013
  China’s sale of debt fails for first time in 23 months on cash crunch 15/06/2013
  Inflation in India drops to over 3-year low of 4.7% in May 15/06/2013
  Jobs growth up a tad in Q4 at 0.35% 15/06/2013
  Rajasthan's Ghilot industrial area to open soon 15/06/2013
  Quick-fixes cannot solve economy worries: FM 15/06/2013
  FX Rates Said to Face Global Regulation in Libor Review 15/06/2013
  Industrial production in US unchanged as utility use drops 15/06/2013
  EU seeks to ease French fears over Hollywood in U.S. trade talks 15/06/2013
  MNRE to launch mega-sized solar power projects 14/06/2013
  Chidambaram’s booster pack fails to lift Re, market 14/06/2013
  April industrial growth revised upward to 2.3% 14/06/2013
  World Bank sees India growth rising to 5.7% in 2013-14 14/06/2013
  US retail sales beat expectations 14/06/2013
  EU draft proposes mandatory nuclear reviews every 6 years 14/06/2013
  EU Urges U.K. to Probe Currency Rigging in Libor’s Wake 14/06/2013
  Leaders to agree on 'economic pact' to boost Northern Ireland economy 14/06/2013
  Foreign investment key to developing economy 14/06/2013
  We trust indian manufacturing norms: USFDA 13/06/2013
  Gas price revision will spur investment: Moily 13/06/2013
  Govt raises FII cap on its debt by Rs 29k cr to rescue rupee 13/06/2013
  Euro zone industrial output shows surprise rise in April 13/06/2013
  Biggest EU firms big in tax havens' 13/06/2013
  Fitch ups outlook to stable 13/06/2013
  Gloomy IIP growth at 2% sparks clamour for rate cut 13/06/2013
  Rupee rumble forces FM into huddle with his team; measures likely today 13/06/2013
  Can Bernanke Avoid a Meltdown in the Bond Market? 13/06/2013
  Some lessons from the US and Spain 13/06/2013
  Traders Said to Rig Currency Rates to Profit Off Clients 13/06/2013
  Five crore sq ft of office space lying vacant: JLL report 13/06/2013
  China is the next big thing, but challenges abound 13/06/2013
  Govt refuses sovereign guarantee for crude oil imports from Iran 12/06/2013
  India woos Norway wealth fund with $700-b corpus 12/06/2013
  Monsoon to cover most parts by June-end 12/06/2013
  Car sales: Glitch stokes job loss fears 12/06/2013
  Hiring outlook: US scores, India slips 12/06/2013
  Berlin defends ECB bond-buying scheme in court 12/06/2013
  Royal Infant May Help UK Economy 12/06/2013
  Unemployment figures explained by ONS 12/06/2013
  Swiss bank UBS hikes 2013 PHL economic forecast to 7% 12/06/2013
  S&P revises US credit outlook to stable from negative, keeps AA+ rating 11/06/2013
  Govt mulls special purpose vehicle to help PSUs in foreign buys 11/06/2013
  Easier entry likely for foreign investors 11/06/2013
  Policy issues, gas supply may hit DMIC 11/06/2013
  Crude shock: Rupee slide will push fuel subsidy bill up 11/06/2013
  US, Japan leading recovery in major economies, says OECD 11/06/2013
  China, Brazil and India are still complex markets: E&Y 11/06/2013
  Move to give PSUs more autonomy in M&As and joint ventures 10/06/2013
  RBI, Sebi oppose key suggestions to amend financial sector laws 10/06/2013
  Business confidence dipped in March quarter: Ficci 10/06/2013
  ADB to fund NE-Myanmar linking highway project 10/06/2013
  Lenders back UPSEB's Rs 32,000-cr debt recast 10/06/2013
  Obama confronts Xi on cyber theft, affinity found on North Korea 10/06/2013
  India, US eye stronger ties as PM to visit Washington this year 10/06/2013
  Instability casts cloud over Turkish economy 10/06/2013
  Japan economy heats up in first quarter 10/06/2013
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