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Total Matching Records found : 209

Black money: ₹4,500 cr lying in bank accounts abroad, says SIT

-The Hindu Business Line   Wants PAN used in payments over ₹1 lakh, cap on amount of cash a person can keep Income Tax authorities have traced about ₹4,500 crore in undisclosed money in bank accounts overseas, a Special Investigation Team (SIT) probing the matter said in its second report to the Supreme Court. The report, released on Friday, said investigations are pending in 33 cases involving an amount of ₹14,957.95 crore, and that...

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Billing for wallet shock -Digbijay Mishra

-Business Standard Indian and other generic drug firms face prospect of US legislature debating compensation for undue price rises Indian generic drug makers might, if a proposed US law comes about, need to pay a rebate to the federal Medicaid programme there when prices of their medications outpace inflation. A Bill is to be introduced in the US Senate by a member, aimed to cushion the impact on taxpayers in this manner...

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Doesn't India Already Have an IPR Policy? -Sunil Mani

-Economic and Political Weekly The National Democratic Alliance government has constituted the IPR Think Tank which, among other things, is to draft the National Intellectual Property Rights Policy. India may not have a policy per se but it has a strong legislation on IPRs, a functioning patents office and mechanisms to grant patents as well as protect consumer interests. The Think Tank has other issues it needs to address, but is...

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Aadhaar may be used to curb black money in real estate -Remya Nair, Asit Ranjan Mishra and Madhurima Nandy

-Livemint Finance minister Arun Jaitley says govt is considering making the use of Aadhaar mandatory for real estate transactions New Delhi/Bengaluru: In a move aimed at curbing the use of black money in property deals, the government is considering linking real estate transactions with Aadhaar, the unique identity number. If implemented, the move could provide a trail of all real estate transactions by an individual. It could also potentially solve the problem...

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NC Saxena, Former secretary-Rural Development Ministry and former member of the NAC, interviewed by Aditi Phadnis

-The Business Standard   NC Saxena, a former member of the National Advisory Council believes that the regulatory regime in the states continues to be oppressive. In an e-mailed interview with Aditi Phadnis, Saxena says that the fundamental problem in India is the low tax-GDP ratio and neither the last government nor the current one seems interested in increasing revenues. Edited excerpts: * The new government appears to be watering down a lot...

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