It is hard to fathom what drives finance ministers to select the items to tinker with when they frame their direct and indirect tax proposals in the Budget. For instance, one of the few decisive gainers in this Budget is Titan Industries. While Pranab Mukherjee increased the import duty on gold bars, he suddenly decided to exempt excise on branded jewellery.
Mr Mukherjee increased import duty...
A bench headed by Justive SB Sinha also sentenced Ashwin and Sudhir Mehta to rigorous imprisonment (RI) for one month and a fine of Rs100,000, each.
While the SC upheld 6 months RI sentence and...
Foreign institutional investors (FIIs) were allowed to invest in India since 1993. In 2005, Indians were allowed to invest large sums overseas. Global investing may seem new but it is not. Before the Russian revolution, you could hear French investors discuss their Russian bond investments in Paris. Barings, an aristocratic British investment bank, was a big investor in Argentina. Jamshedji...
