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Tuesday, February 28
ONGC, OIL face new cess to fund petro subsidies
by
anshul
on Tue 28 Feb 2006 06:03 PM IST
For the first time ever, a cess is likely to be introduced to part fund the oil subsidy bill. Budget ‘06-07 is likely to impose an additional crude cess of around Rs 3,000 per tonne on oil producers, ONGC and OIL, to fund the subsidy bill of the petroleum sector. Click the following link http://ww4.6URL.com/0GZF to read the complete article.
RIL to file affidavit on GSPL issue: HC
by
anshul
on Tue 28 Feb 2006 05:58 PM IST
The Bombay High Court on Tuesday asked Mukesh Ambani-controlled Reliance Industries Ltd (RIL) to file an affidavit in two weeks giving an overall view on the legal row with the National Thermal Power Corporation (NTPC) regarding Gas Sales and Purchase Agreement. Click the following link http://ww4.6URL.com/0GZE to read the complete article.
Sensex up 81 on Budget eve; but market has `no big hopes'
by
anshul
on Tue 28 Feb 2006 12:17 PM IST
On the eve of the Union Budget, share prices moved up on buying by funds in anticipation of continuation of economic reforms and tax sops for routing small savings into the capital markets, dealers said. Click the following link http://ww4.6URL.com/0GY3 to read the complete article.
IT cos seek tax reliefs MAIT wants excise anamolies removed
by
anshul
on Tue 28 Feb 2006 11:57 AM IST
THE IT industry is hoping that the key sectoral issues pertaining to Fringe Benefit Tax, BPO taxation and the current CENVAT overflow arising out of nil excise duty on finished hardware products are addressed in the Union Budget on Tuesday. Click the following link http://ww4.6URL.com/0GY0 to read the complete article.
Pure auction for price discovery in IPOs mooted
by
anshul
on Tue 28 Feb 2006 11:18 AM IST
The Economic Survey has called for removing the problem of multiple bids by individuals seeking to profit from the retail investor quota by considering a pure auction for price discovery at initial public offers. Click the following link http://ww4.6URL.com/0GXU to read the complete article.
FM to boost infrastructure; EET regime likely
by
anshul
on Tue 28 Feb 2006 11:06 AM IST
Finance Minister P Chidambaram is expected to announce measures to boost infrastructure and power sectors to further spur economic growth in Budget 2006-07. He is likely to rationalise the corporate and personal tax regime and cut down the excise duty on a host of industrial goods. Click the following link http://ww4.6URL.com/0GXR to read the complete article.
Budget '06: Will Chidambaram's magic work again?
by
anshul
on Tue 28 Feb 2006 10:55 AM IST
The Congress-led UPA government will present its third annual budget on Tuesday since coming to power in May 2004 amid pressure from its Left allies to deliver on the pledges it made to the to the poor. Click the following link http://ww4.6URL.com/0GXM to read the complete article.
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