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Union finance ministry News
FMCG firms to be hit if hill state tax benefits withdrawn The latest GST move is why the tax holiday notifications are being sought to be ended by March 2010. The Union finance ministry is mooting withdrawal of the tax benefits it has been giving to manufacturing units in Himachal Pradesh and Uttarakhand. The move is likely to affect the bottom-line of, and discourage investments from, fast moving consumer goods (FMCG) and consumer durables companies that
DIPP rejects curbs on capital flow
If company defined as controlled by Indians as in Press Note 2, clear its further investments.
ICAI, audit firms against autonomy to govt banks in choosing auditors
The extra freedom given to the 26 public sector banks from this year to choose their statutory auditors has auditing companies — both those chosen and those left out — restive.
FinMin to take up insurance cover for study loans
Urged by banks, the Union finance ministry will give attention to a scheme to insure study loans. |
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