FM provides some relief to foreign investors from MAT

Last Updated: Thursday, April 30, 2015, 18:56

In a minor relief to foreign investors, Finance Minister Arun Jaitley on Thursday said capital gains made by them will be exempt from Minimum Alternate Tax (MAT), but did not provide relief for past liabilities.

FIIs to be exempt from MAT but no retrospective relief: Arun Jaitley

Last Updated: Thursday, April 30, 2015, 18:05

Seeking to contain the adverse fall out of minimum alternate tax (MAT) levy on foreign investors, Finance Minister Arun Jaitley on Thursday said that foreign institutional investors (FIIs) will be exempt from it however there will be no retrospective relief.

Govt considering clarificatory amendments to MAT rules: Sinha

Last Updated: Thursday, April 23, 2015, 13:46

The government is considering clarificatory amendments to the rules relating to Minimum Alternate Tax (MAT) for the benefit of foreign investors who have been battling tax demands worth Rs 40,000 crore.

Global business groups urge China to suspend bank IT rules

Last Updated: Tuesday, April 14, 2015, 09:11

Business associations from the United States, Japan and Europe told Chinese officials on Monday they still have "strong concerns" about bank information technology rules and urged Beijing to formally suspend them.

US Telecom files suit against government's new Internet rules

Last Updated: Monday, April 13, 2015, 22:31

A legal fight against the Federal Communications Commission's new Internet traffic rules has begun.

Foreign fund inflows cross Rs 81,000 cr mark in 2015

Last Updated: Sunday, April 12, 2015, 10:58

With overseas investors pumping in over Rs 2,000 crore in the Indian capital markets so far this month, total foreign fund inflows have crossed the Rs 81,000 crore mark since the beginning of the year.

Passing IRDAI prescribed exam must to become insurance agent

Last Updated: Thursday, April 2, 2015, 17:43

Insurance sector regulator IRDAI has made passing an examination based on its syllabus a must for becoming an insurance agent.

China eases housing tax, lending rules to fight downturn

Last Updated: Tuesday, March 31, 2015, 09:58

The policy sweeteners, which were more generous than what the market had expected, confirmed rumours swirling in China on Monday that authorities were increasing support for the flagging real estate sector.

US broadband trade group sues FCC over net neutrality rules

Last Updated: Tuesday, March 24, 2015, 08:58

A US trade group representing broadband providers on Monday appealed in court the Federal Communications Commission`s recently approved net neutrality rules, marking the first of several anticipated legal challenges.

SEBI eases rules for banks to convert bad loans to equity

Last Updated: Sunday, March 22, 2015, 20:19

Mumbai: Indian banks will be able to convert distressed loans owed by listed companies into equity stakes, the Securities and Exchange Board of India (SEBI) said on Sunday, in a move that will allow lenders to reduce bad loans weighing on their balance sheets.

Shome welcomes deferment of GAAR in Budget

Last Updated: Monday, March 2, 2015, 23:14

Parthasarathi Shome, the Chairman of Tax Administration Reforms Commission, constituted by the Finance Ministry, Monday hailed the decision to defer General Anti-Avoidance Rules (GAAR) as announced in the Budget.

New Internet rules set up industry's next battle

Last Updated: Sunday, March 1, 2015, 20:12

New rules that aim to protect the openness of the Internet will allow telecom and cable groups to prioritise and earn potentially vast income from some types of data, setting up likely clashes with regulators in the future.