JEWELLERS CALL OFF STRIKE

Jewellers of India was on strike since Union budget was presented. They were against excise duty imposed on non branded jewellery , increased custom duty and TCS on sale of jewellery.
They were on strike since 17 March,2012. During this period they suffered loss of about Rs20,000 crore and government of India also suffered loss of Rs1200 crore in terms of revenue.
Jewellers today met Sonia Gandhi and Pranab Mukherjee to solve this matter. Pranab Mukherjee has imposed excise duty of 1 percent on gold and doubled the import duty to 4 percent in this budget. Pan number quotation also made compulsory […] Read more

GAAR

Our Finance Minister today said that GAAR won’t be rolled back. But many of us don’t even know what is GAAR. It is General Anti Avoidance Rules. These are regarding FII (Foreign Institutional Investors), which I have discussed in my previous post also.
I had said this earlier also if these rules are followed it will affect foreign investment in our country. Although these rules are proposed and these will be presented in parliament in May. Pranab Mukherjee, our finance minister says that these rules won’t be taken back.
Rest clarifications will be issued when finance bill will be presented in parliament.
But […] Read more

Blue Chip Stock

All of us must have heard the name Blue Chip Stock but very few of us know what actually is Blue Chip Stock. In this post I am trying to discuss about it.

Blue chip stock are of companies which are national, well known and highly esteemed publicly traded companies. They generally gives constant earnings as compared to other companies as they are financially sound companies. Blue chip stocks are expected to give generous return to its investors despite of ups and downs in the market. These are usually safe investments as they have low risk.

Few Blue Chip Companies in India […] Read more

RETROSPECTIVE TAXATION

International trader groups representing more than 2500000 companies have told our Prime Minister Manmohan Singh that his government’s new retrospective tax proposal have led foreign businesses to reassess investment in the country.

I want to discuss the retrospective tax proposal of the government here. What is given in it?

Finance minister said that cross border merger and acquisition would be retrospectively taxed which will affect deals like VODAFONE- HUTCHINSON transaction.

It means any asset registered or incorporated outside India shall be deemed to be situated in India if the share or interest derives its value from assets allocated in India. This amendment would […] Read more

« 567