|
INDIA BUSINESS WORLD - August 1st - August 31st - 2008
The Month that was ...
News & important developments from the most prospective of the New World markets... India. Our effort is to provide you with the latest and relevant developments that take place in the Indian business, economic and legal environment.
ECONOMIC & LEGAL NEWS
FLAT STEEL ITEMS FACE EXPORT BAN : PERSISTING with its efforts to cool down steel prices, the government is considering a ban on export of flat steel products.......More....
HIGHER TAX FOR JVS WITH FOREIGN COS, RULES AUTHORITY FOR ADVANCE RULINGS (AAR) : JOINT ventures with a foreign entity could be treated as Association of Persons (AOP) and attract a higher rate of income tax applicable to Indian residents.....More....
LIFE COVERS GET 40% CHEAPER, REDUCED CAPITAL REQUIREMENT ALLOWS INSURERS TO BRING DOWN TERM RATES : LIFE protection has become far more affordable. The cost of life insurance has come down up to 40% with the Insurance Regulatory and Development Authority (IRDA) reducing the capital requirement for insurance companies.......More....
EXCISE DUTY EXEMPTION FOR GOODS FOR ULTRA MEGA POWER PROJECTSGovernment has granted full exemption from Central Excise Duty to goods procured for setting up Ultra Mega Power Projects .....More....
AMENDMENTS TO THE AIRPORTS ECONOMIC REGULATORY AUTHORITY OF INDIA BILL, 2007 : The Union Cabinet gave its approval for moving official amendments in the Airports Economic Regulatory Authority of India Bill, 2007, pending in Lok Sabha.....More....
SUPREME COURT DEFINES PARAMETERS FOR CLAIMING BENEFITS UNDER SECTION 84 : In a ruling with wide ramifications, the Supreme Court has held that the police must get an accused claiming insanity under Section 84 of the Indian Penal Code medically examined before granting any immunity......More....
|
