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Mutual funds pull ahead of FPIs in stock investment

Mutual funds pull ahead of FPIs in stock investment

Mutual fund managers invested a net sum of Rs 11,244 crore in stock markets in April and Rs 9,358 crore in May, taking the total to Rs 20,602 crore, as per data released by the Securities and Exchange Board of India (Sebi).

Foreign fund inflows cross Rs 81,000 cr mark in 2015

With overseas investors pumping in over Rs 2,000 crore in the Indian capital markets so far this month, total foreign fund inflows have crossed the Rs 81,000 crore mark since the beginning of the year.

GAAR to come into effect from April 1, 2016

The controversial GAAR provision, which seeks to check tax avoidance by investors routing their funds through tax havens, will come into effect from April 1, 2016, a government notification said.

Modified GAAR provision to be implemented from April 2016

A number of representations were received against GAAR provisions introduced in the last Budget. Following which the government had set up an expert committee under Parathasarthi Shome to give recommendations on the anti-avoidance tax proposals.

GAAR amendments finalised: Chidambaram

Amendments to GAAR, the controversial law against tax avoidance through foreign investments, have been finalised, Finance Minister P Chidambaram disclosed on Sunday.

Govt to announce final guidelines on GAAR implementation soon

The Finance Ministry has firmed up its views on the GAAR and the draft has been sent to Prime Minister Manmohan Singh, an official said.

Markets to rejoice panel's recommendation to defer GAAR: Experts

Stock markets are likely to react positively Monday as an expert committee on General Anti Avoidance Rules (GAAR) has recommended postponement of the controversial tax provision by three years.

GAAR panel to submit draft recommendations by Aug 31

The committee set up by the government to examine all issues related to the controversial General Anti Avoidance Rules (GAAR) is expected to submit its draft recommendations by August 31 and its report by September 30, its chief Parthasarathi Shome said Thursday.

Delay in GAAR not to hamper drive against tax evasion: Govt

The government Wednesday said the delay in implementation of General Anti Avoidance Rules (GAAR) will not impact the drive against black money and tax evasion.

PMO has not distanced itself from GAAR: Montek

The Prime Minister's office has not distanced itself from the controversial GAAR proposal but due care will be taken while implementing it, the Planning Commission Deputy Chairman Montek Singh Ahluwalia has said.

FinMin will resolve uncertainty over GAAR very quickly: Montek

The Finance Ministry under Prime Minister Manmohan Singh will very quickly "resolve" uncertainty among investors caused by anti-tax avoidance rules which were unveiled in the Budget, Planning Commission Deputy Chairman Montek Singh Ahluwalia said Sunday.