Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: VAT RATES :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: VAT Audit :: Central Excise rule to resale the machines to a new company :: TDS :: empanelment :: list of goods taxed at 4% :: cpt
 
 
News Headlines »
 India is second most complex tax jurisdiction
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017

Mobile players back move to revoke Press Note 5
September, 27th 2006
Ready to accept FDI cap at earlier 49 pc Cellular operators on Tuesday said that they were willing to go back to the old regime with the cap on foreign direct investment (FDI) in telecom companies at 49 per cent if the Government was not able to find an equitable solution that was acceptable to all. Speaking to Business Line, Mr T.V. Ramachandran, Director General, Cellular Operator's Association of India, said, "Everyone seems to be having an issue ever since the Press Note 5 was issued in November. If these issues cannot be resolved amicably, then it would be better to go back to the previous regime where there was no concerns relating to security or foreigners heading a telecom company." Bharti Airtel, the country's largest cellular operator, said in a statement, "Given that there are serious differences on the implementation of the conditions provided under Press Note 5, Bharti Airtel would like to appeal to the Government to have a quick and equitable resolution to the issue keeping in consideration the necessity for having a level-playing field amongst all the industry players. In the event such attempts fail, a suspension or revocation of Press Note 5 may be the best option." Bharti also clarified that its FDI component in the operating company is within the limit of 49 per cent. In November 2005, the Government had issued Press Note 5, which allowed telecom operators to increase FDI up to 74 per cent. The Government also added various riders including the clause, which prohibited foreigners from heading any telecom company. There were other stipulations related to security, which was included in the guidelines. W hile the Department of Telecom proposed to relax some of these norms as per the requests made by the operators, other Ministries, including the Home Ministry, raised many objections. Even the Prime Minister's Office expressed reservations in agreeing to the proposed changes made by the DoT, which prompted the latter to suggest complete suspension of the Press Note 5. The deadline for implementing the guidelines stipulated in the Press Note has been pushed twice and the new date is set for October 2. The Cabinet is expected to take up this issue this week to decide on the fate of the controversial policy. Thomas K. Thomas
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

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