EU greets Indias move to scrap ACD on foreign wine The European Union welcomed a decision by the Indian government to scrap additional customs duty (ACD) on imports of liquor, after complaints by the bloc and the US that the taxes cut demand for Scotch whiskey and bourbon.
Govt nod for ten FDI plans worth Rs 2,339 crore The government, on Wednesday, approved ten proposals envisaging investment worth Rs 2,339 crore, including investment banker Morgan Stanleys proposal to pump in Rs 1,894 crore in the country.
Hyundai launches CNG Santro Hyundai Motor India, on Wednesday, launched alternate fuel variant of its flagship hatchback Santro-CNG at a starting price of Rs 3,25,361 (ex-showroom Delhi).
Sinosteel to tie up with Handan for $4 b India plant Sinosteel Corp., Chinas second- biggest iron ore trader, plans to tie up with Handan Iron & Steel Group for its proposed $4 billion venture in India. We are working out the shareholding pattern, Sino Indias Managing Director Hong Sen Wang said in an interview from New Delhi on Wednesday.
ITS A DRAIN ON ECONOMY
Revisit the tax sops for SEZs, says OECD Supporting the Finance Ministrys view that tax exemptions to the developers and units in SEZs are a drain on economy, the Organisation of Economic Cooperation & Development (OECD) has asked the government to review tax exemptions in these areas.
Why is Bangalore/ Karnataka turning into a hub of terror network? What should the authorities do to prevent the youth from becoming pawns in the hands of terrorist groups?
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