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.
Vladimir Putin “We discussed this important issue yesterday over a beer...”
Barack OBAMA “You know, my faith is one that admits some doubt...”

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

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 .

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.

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.

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.