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  • World Investment Report-2009

    The United Nations Conference on Trade and Development (UNCTAD) released its annual world investment report-2009, which analyses the latest trends in foreign direct investment and has a special focus on agriculture.

    Dec 11, 2010
  • Union Budget : Key Points

    Union Budget : Key Points

    Dec 11, 2010
  • RIL-RPL merger complete

    Reliance Industries Limited and Reliance Petroleum Limited were finally merged on March 2, 2009. Reliance Industries Limited is India’s largest company by market capitalisation.

    Dec 11, 2010
  • Railway Budget : Highlights

    Railway Budget : Highlights

    Dec 11, 2010
  • New taxes on perks introduced

    In the General Budget 2009-10, Fringe benefit tax was abolished. Fringe benefit tax was the tax on perquisites extended to salaried employees and was paid by the employer.

    Dec 11, 2010
  • New FDI norms for Medium and Small enterprises

    The Trade ministry in a new policy move announced new liberalised Foreign Direct Investment norms for Micro and Small enterprises (MSEs) replacing the 24 per cent ceiling on foreign holding with sectoral caps.

    Dec 11, 2010
  • New Direct Tax Code proposed

    The Finance Ministry has introduced the draft of new Direct tax code that will replace the old taxation system of 1961.

    Dec 11, 2010
  • Money laundering bill passed

    Parliament has adopted the Prevention of Money Laundering (Amendment) Bill, 2009. This bill aims at combating money laundering, terror financing and cross-border economic offenses.

    Dec 11, 2010
  • Mahanavratnas status for more autonomy

    In order to make the functioning of profit making PSUs more efficient, the Central government has decided to give them more autonomy in their day to day functioning.

    Dec 11, 2010
  • Inflation statistics to be released on the monthly basis

    Following the global pattern of releasing the inflation data on the monthly basis, the central government has also starting doing so by releasing the headline inflation data on a monthly basis for most of the items tracked by the wholesale Price Index (WPI).

    Dec 11, 2010
  • Growth in Indian foreign debt

    According to the data released by the Finance Ministry, country’s foreign debt stood at $230.85 billion at the end of the December 2008.

    Dec 11, 2010
  • Gates- the richest person on the earth

    According to the list of 400 richest Americans released by the Business Magazine Forbes, Bill Gates the owner of Microsoft, is richest man of the globe with a net worth of $50 billion.

    Dec 11, 2010
  • Fall in IT sector growth

    During the financial year 2008-09, India’s Information Technology sector growth rate has gone down to single digit. According to the Central Statistical Organisation (CSO), growth rate may well be 9 percent.

    Dec 11, 2010
  • Economic Survey 2008-09: Main points

    Economic Survey 2008-09: Main points

    Dec 11, 2010
  • Economic advisory council predicts 6.75% growth rate

    According to the report submitted by Prime Minister’s Economic Advisory Council, the country’s economy may grow by 6.75 per cent this year despite bad monsoon affecting agricultural sector output.

    Dec 11, 2010