sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« General »
 The Central Board of Direct Taxes unveiled new Income Tax Return forms for assessment year 2018-19 on 5 April. Although the manner of filing returns remains the same as compared to last year, certain changes have been incorporated in the new ITR forms.
 Income Tax efiling: Must-do steps to file your IT return for FY 2017-18 on time till you get Form 16
 What are the tax filing deadlines for financial year 2017-18?
 How income tax department can penalise you for under-reporting, misreporting income
 Start your tax planning right now
 Government confident of meeting fiscal deficit, tax revenue targets
 Clarification with respect to the E-way Bill System
 Here is how you can save on taxes
 Here’s all you should know about filing Income Tax Return before March 31
 Tax benefits continue to accrue even after PPF a/c is transferred to another bank
 When you may have to visit income tax department’s compliance portal

Govt readies plan for FDI in railways and e-commerce
May, 27th 2014

The commerce and industry ministry is ready with proposals to allow foreign direct investment in railways and e-commerce, while easing the rules for overseas investors to enter the defence production space, which has seen zero participation despite the recent opening up.

Sources said the department of industrial policy and promotion (DIPP) is ready with the cabinet notes but will await cues from the new government on the level of FDI to be allowed. "It's just a matter of filling up the percentages," said a senior government official, who did not wish to be identified.

The issues are going to be presented before Narendra Modi, when he meets secretaries from the key ministries to take stock of the situation. He is also expected to state the BJP government's stand clear on FDI in multi-brand retail, which the party has repeatedly opposed, including in its election manifesto.

Experts and consultants, however, cautioned against a rollback of the FDI policy, arguing that it will send a negative message to the international investors. "It will be as bad as the retrospective amendments to the tax laws to get Vodafone in the tax net. What we need is a signal that India is open for business," said a source.

While the ceilings are yet to be decided, sources indicated, that the government could allow 100% FDI in the sector, with certain conditions. "You already have a situation where local players are circumventing the rules and their growth is stifled. So, it will be better to make the rules clear," said a source.

In case of railways, the plan was to allow 100% FDI in high-speed train systems, suburban corridors, high-speed tracks and freight lines connecting ports and mines. But, the UPA government did not clear the proposal.

In defence production, where the cap was eased from 26% on a case to case basis, the rules give a lot of powers to the defence ministry besides lacking clarity.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions