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Embarrassing code
That the new direct taxes code is proving embarrassing for the government is obvious, it’s just that one didn’t realise the government felt the same way as well. At one point the code says, “A business shall be distinct and separate from another business if there is no interlacing, inter-dependence or unity ‘embarrassing’ the two businesses.” Now that’s embarrassing.

GST rates within 15 days: Dasgupta
The Goods and Services Tax (GST), the new tax regime, would have four slabs and these were likely to be unveiled within 15 days, Chairman of the Empowered Committee of State Finance Ministers Asim Dasgupta said today.

News of the day

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Insurers wait yet another year for increase in FDI
The year 2009 saw insurance firms waiting for easing of foreign direct investment (FDI) norms, just as they have done every year for the last five years, but there is promise of the law being amended to this effect next year.
International Business

Concurrent Infra inks agreement with Ellis Richardson

Concurrent (India) Infrastructure today said it has inked an agreement with Ellis Richardson Inc for technical assistance in the field of power plants. - NEWSALERT: Concurrent bags $3.5 mn power projects The company has signed an agreement with Ellis Richardson Inc on an "exclusive basis for Indian market and non-exclusive basis for overseas market for technical collaboration in implementation of power plants", Concurrent Infra said in a filing to the Bombay Stock Exchange (BSE).


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