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Direct tax News
GDP growth to be over 7%: Pronab Sen Dismal third-quarter figures have led many to believe it would be tough to achieve even 6.9 per cent gross domestic product (GDP) growth for the current financial year as calculated in advance estimates, but a key Planning Commission official is confident the economy would clock over seven per cent growth in 2011-12. Pronab Sen, principal advisor to the Commission, said advance estimates were driven
Nizam's family to protest over Rs 9 cr tax demand
Fed up with alleged harassment by the income tax department, members of the family of the erstwhile Nizam of Hyderabad are planning protests in Delhi during the budget session of parliament starting next week.
Panel report on DTC Bill submitted
The Standing Committee on Finance submitted its report on the Direct Tax Code (DTC) Bill to the Parliament on Friday.
REC bond sale fully subscribed on Day One
The Rs 3,000-crore, tax-free bond issue of Rural Electrification Corporation (REC) was fully subscribed on the first day itself, thanks to a huge demand from institutional and wealthy investors.
Resources allocation needs to be more focused
Retail cap in REC issue raised to Rs 5 lakh
The government has taken a U-turn on its decision to reduce the retail investor limit to Rs 1 lakh in the Rs 3,000-crore, tax-free, bond issue of Rural Electrification Corporation (REC), which |
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