CBDT asks officials not to pursue pending MAT cases
CBDT asks officials not to pursue pending MAT cases

Days after the government decided to exempt foreign funds from tax on profits earned before April 1, the CBDT on Thursday issued a circular asking its fields officers to keep in abeyance pending assessments and not to recover any outstanding demand.

ED widens probe against foreign funds in Lalit Modi firm

 The Enforcement Directorate (ED) has widened its probe into a foreign exchange violation case against former IPL boss Lalit Modi and others which involves alleged illegal routing of Rs 21 crore funds from a Mauritius- based company.

Listing in barred NGOs erroneous: IIT-Kharagpur

The Indian Institute of Technology-Kharagpur, which was listed among the 4,470 NGOs barred by the central government from receiving foreign funds for not adhering to guidelines, on Friday claimed its inclusion was an error.

Fitch warns of foreign funds exodus over retro tax

The data furnished by the National Securities Depository Limited (NSDL) showed that FPIs pumped-in only Rs 18.77 crore or USD 3.01 million into primary and other markets for the week under review.

Foreign funds dumped stocks, bond worth $630 million on Wednesday

Foreign investors sold around USD 630 million in Indian shares and bonds on Wednesday, marking the biggest single-day sales since January 2014.

'Govt plans to sell road projects worth Rs 1L cr to foreign funds'

The government plans to sell highways projects worth Rs 1 lakh crore to foreign pension and insurance funds to attract overseas investments into the sector, Union Minister Nitin Gadkari said on Wednesday.

Foreign fund inflows cross Rs 83,000 cr this year

Analysts expect the inflows to accelerate further in view of clearance of reform bills for insurance, coal and mining, as also on assurances on controversial issues like General Anti Avoidance Rules (GAAR).

100 foreign funds get tax demands; total bill may hit $10 bn
100 foreign funds get tax demands; total bill may hit $10 bn

Till March 31, close to 100 FIIs got notices from the Tax Department for a controversial Minimum Alternate Tax (MAT) of 20 per cent, while they are now being followed up with Assessment Orders.

Govt blacklisted 69 NGOs from receiving foreign funds

A total of 69 NGOs have been blacklisted by the government from receiving foreign funds, Lok Sabha was informed on Tuesday.

Govt seeks foreign funds for infra projects worth over $75 bn

Government is seeking overseas investment for infrastructure projects worth over USD 75 billion in sectors like power, roads and railways over the next few years.

Indians can invest up to $2,50,000 annually overseas

Encouraged by foreign exchange reserves touching record levels, the Reserve Bank on Tuesday doubled the annual overseas investment ceiling for individuals to USD 2,50,000.

Unblock foreign funds of Greenpeace India: Delhi HC to govt

Delhi High Court on Tuesday directed the government to "unblock" foreign contributions to the tune of Rs 1.87 crore received by controversial NGO 'Greenpeace' from its Amsterdam headquarters, saying the ministry showed "no material to restrict access" to the foreign fund.

NGOs get foreign funds to stall critical operations: Govt

Government Tuesday said certain NGOs receiving funds from abroad hold "campaigns" against critical operations like nuclear power plants and mining, affecting the progress of the country.

Sensex recovers 81 points in morning trade

The benchmark BSE Sensex staged a comeback by rising over 81 points in Tuesday morning trade on selective buying by foreign funds and investors amid a mixed global cues.

Parsvnath to explore raising foreign funds as govt eases rules

The company is developing a commercial project on KG Marg near Connaught Place and a shopping mall at Rohini.

Need to reduce cost of doing business in India: Jaitley

He also emphasised on the need for coordinated approach by all sector regulators to achieve financial stability.

Foreign funds with 'opaque' structures can't invest in India

FPIs have been divided into three categories as per their risk profiles.

FIIs up stakes in 16 Sensex cos in Jan-March quarter

Taking a positive stance on the Indian stocks, foreign funds increased their exposure to 16 Sensex companies, including Infosys, RIL and HDFC, for the quarter ended March 31, 2014.

Cuba to freeze foreign funds linked to al Qaeda, Taliban

The Cuban government adopted legislation to immediately freeze funds from foreign banks linked to terror groups, including al Qaeda and the Taliban, officials said Friday.

Home Ministry to inspect accounts of AAP on foreign funding

The Home Ministry will soon inspect the books of accounts of Aam Aadmi Party in connection with alleged illegal foreign funding to it.