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Insurance Bill may be taken up in current session: FinMin

Insurance Bill may be taken up in current session: FinMin

Last Updated: Sunday, July 13, 2014, 11:00

The ruling BJP had earlier opposed raising the FDI cap in the insurance sector from 26 percent to 49 percent.

Govt to sell 5% stake in ONGC, to fetch Rs 17,000 cr

Last Updated: Tuesday, July 08, 2014, 17:26

The Department of Disinvestment is understood to have floated a Cabinet note for inter-ministerial consultation to take forward the ONGC stake sale.

FinMin may ease transfer pricing norms on capital transactions

Last Updated: Sunday, July 06, 2014, 18:25

In order to encourage foreign investment, the Finance Ministry is likely to introduce safe harbour rules for transfer pricing of capital transactions which will bring about certainty in taxation of such deals.

Finance and Commerce Ministries to soon join Twitter

Last Updated: Sunday, July 06, 2014, 11:13

The microblogging site is engaging with the government to help various ministries use the platform to connect with the masses.

Bring policy to check API import from China: IPA to govt

Last Updated: Saturday, July 05, 2014, 17:01

The India Pharmaceuticals Association (IPA) urged the Finance Ministry to come up with a policy framework with regard to incentives to drug innovation and ease dependence on import of essential APIs (Active pharma ingredients) from China.

Seeking doubling of tax exemptions for differently-abled: Min

Last Updated: Saturday, July 05, 2014, 15:52

Union Minister for Social Justice and Empowerment Thaawar Chand Gehlot on Saturday said that his ministry has requested finance ministry to consider doubling the tax exemptions for differently-abled persons.

BSE goes blank for 3 hours: Turnover halves; SEBI seeks report

Last Updated: Thursday, July 03, 2014, 21:01

A technical glitch halted trading on the BSE for three hours on Thursday, resulting in steep losses in its turnover and prompting market watchdog SEBI and the Finance Ministry to seek a report from the bourse.

FinMin may double tax exemption limit under 80C to Rs 2 lakh

Last Updated: Monday, June 30, 2014, 16:09

Seeking to boost household savings, the Finance Ministry is considering doubling the exemption limit for investments by individuals in financial instruments to Rs 2 lakh.

FIPB to take up 31 foreign investment proposals on July 4

Last Updated: Sunday, June 29, 2014, 13:30

Foreign investments are crucial for India which needs about USD 1 trillion by March 2017.

FinMin proposes allowing EPFO to invest 30% in equity market

Last Updated: Wednesday, June 25, 2014, 21:15

The Finance Ministry has proposed allowing retirement and gratuity funds to invest up to 30 percent of their money in the equity market, a suggestion that's likely to be opposed by labour unions.

General insurance firms want tax sops to boost health cover

Last Updated: Sunday, June 22, 2014, 12:57

Right now government is almost paying from tax payers' money for any losses out of natural disasters as people are not accustomed to buy such cover.

Govt may defer GAAR by a year to improve business sentiment

Last Updated: Sunday, June 22, 2014, 12:31

The government earlier proposed imposing the GAAR from April 1, 2016, for those claiming tax benefit of over Rs 3 crore.