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New Delhi [India], March 11 (ANI): Proposals for investments from Land Bordering Countries (LBC) in specified sectors or activities, that include rare earth permanent magnets, shall be processed and decided within 60 days under the relaxed FDI norms under the Press Note 3, government officials said on Wednesday. Among other sectors that would benefit are capital goods, electronic capital goods, electronic components, polysilicon and ingot-wafer. Committee of Secretaries (CoS) under the Cabinet ...Read More >
NEW DELHI: Growth in gross direct tax collections moderated to 3.2% in the fiscal year up to July 10, from 4.9% three weeks ago, driven by a slowdown in non-corporation tax. Latest data released by govt estimated gross collections of Rs 6,64,807 crore between April and July 10.Net direct tax collections - which means after refunds - are estimated to have declined 1.3% to Rs 5,62,827 crore on account of a 38% jump in refunds to Rs 1,01,980 crore. Up to June 19, when data was last released, refund ...Read More >
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