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Archive for ‘January, 2010’

4% excise duty on drugs may stay

4% excise duty on drugs may stay

Extension of 4% excise duty on medicines and higher excise relief for small pharmaceutical units may find their way into the 2010-11 budget.

Expect GBS hike of 14.77% this yr

Expect GBS hike of 14.77% this yr

The government may finally settle for Rs 373,000-crore budget support to the central plan or the gross budgetary support (GBS) for the next financial year, up 14.77% from Rs 325,000 crore in 2009-10 .

Sebi blocks 50 investors

Sebi blocks 50 investors

The Indian capital market regulator has shut its doors on several foreign funds amid concerns that they may turn out to be vehicles for round-tripping of money by local residents.

Bet on bigger players in equity mkt

Bet on bigger players in equity mkt

If you want to be part of the winning side, put your money on the counters big daddies – mutual funds, insurance companies and foreign investors – are betting on.

Obama aims to create jobs, cut deficit

Obama aims to create jobs, cut deficit

President Barack Obama will send a $3.8 trillion budget to Congress on Monday for the coming fiscal year that would increase financing for education and for civilian research programmes by more than 6% and provide $25 billion for cash-starved states, even as he seeks to freeze much domestic spending.