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Tuesday, Nov 24, 2009
 
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Capital gains tax blow may soften for foreign firms exiting JVs05-AUG-09
A precedent-setting order by the Authority for Advance Ruling (AAR) could enable foreign companies exiting their India joint ventures to pay long-term capital gains tax at a concessional 10 per cent rate instead of linking it to a complex indexation formula that requires multiple foreign currency conversions.
'I'm upbeat about change'18-JUL-09
Environment has been my passion since childhood. At 22, I started going for treks, discovering the mountains and nature. I led groups on expeditions and now I do that as a profession. I love sharing my culture with travellers, meeting village heads and making them aware of the environment. It hits me that the government allots crores to clean up the environment — for something that is all dirt of our own making. The Australia Asia Pacific Summit — held this week — is important because the training will enable us to spread awareness about the climate crisis. The time is over for round table conferences.
Alternative conflict resolution mechanism for foreign firms13-JUL-09
In an article which appeared on 29 June 2009 in these columns, it was suggested to enlarge the scope of Advance Ruling to provide a more effective mechanism for resolution of tax disputes between the tax department and foreign companies operating in India.
Foreign cos not taxable for carrying calls abroad: AAR03-JUL-09
Foreign telecom firms operating without a permanent establishment in India are no more required to pay any tax on income from carrying international calls and data services in pacts with domestic operators.
Govt hospitals to be restructured in Andhra18-JUN-09
Andhra Pradesh chief minister Y S Rajasekhara Reddy on Wednesday agreed for restructuring the government hospitals in the state in tune with the requirements of the Aarogyasri scheme, which provides cashless treatment to the poor.
Future Group ropes in rural artisans for Ethinicity in Guj15-APR-09
Ethnicity store, part of the Kishore Biyani-led Future Group, has brought together 20 craftsmen and artisans from across Gujarat to showcase their skills and provide a platform for rural art and craft. Once the exhibition concludes, the store plans to continue getting orders for the rural artisans.
Gujarat retail sales decline by 30 per cent14-APR-09
With the recent layoffs at a city-based mall, the retail sector in Ahmedabad and in Gujarat overall, has begun a reality check. According to industry players, retail sector is currently witnessing reduction in sales by 30 per cent, apart from layoffs.
Cheaper US cotton lures Indian textile companies02-APR-09
Imports estimated at 1 million bales this season.
SC sends Sahara plea back to Bombay High Court05-FEB-09
The Supreme Court has remanded back to the Bombay High Court a Sahara Group company's petition challenging the latter's order that had earlier stalled its plan to build 200 bungalows and a golf course on a 600-acre plot, worth Rs 50,000 crore, on Mumbai's outskirts.
Transponder capacity lease not taxable: AAR10-NOV-08
In a ruling that may give relief to foreign companies, the Authority for Advance Rulings (AAR) has said that payments made by an Indian entity to an overseas company for leasing of navigational
Foreign cos' income from interest on bonds taxable: AAR03-NOV-08
Foreign firms may now have to think twice before advancing money to Indian firms by subscribing to their bonds because a recent ruling by a tax authority has clarified that such interest income by
Bombay Dyeing, The Paper Products & Aarti Industries Q2 Result28-OCT-08
Bombay Dyeing in the red Bombay Dyeing & Manufacturing Company, a textiles major with a presence in real estate, has posted a net loss of Rs 103.97 crore for the quarter ended September 30. It
Denim industry goes through blues again10-OCT-08
With the Singhania Group’s flagship company, Raymond putting its loss-making denim business on the block, several eyes have turned back to the denim industry.
Andhra model a trendsetter23-AUG-08
When many millions of citizens are classified as below poverty line (BPL), a government needs to think twice before launching a health insurance scheme that intends to be truly inclusive.
Autonomy promises turnaround of Aarey08-AUG-08
Faced with mounting losses and heavy competition from private and co-oprative sectors, management of Aarey, Asia's first government-run dairy has sent a proposal to Maharashtra government to make it a
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