Easing entry norms: Sebi mulls single window clearance for FPIs
Uploading Date : 20-03-2017The Securities and Exchange Board of India (Sebi) is working on a plan to ease entry norms for overseas investors. According to sources, the regulator may grant a single window clearance mechanism where they will not require obtaining separate approval from various regulatory bodies. The amendments believed to be kicked in financial year 2018..............
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Set up index to monitor services inflation: Parliamentary panel to govt
Uploading Date : 20-03-2017The inflation data currently fails to capture the ground reality, a Parliamentary panel has said, asking the government to come up with a separate price index for the services sector so as to reflect the rising costs in areas such as healthcare and education............
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13% growth in foreign tourism arrival in February 2017
Uploading Date : 18-03-2017The number of foreign tourist arrivals (FTAs) recorded in February, 2017 stood at 9.56 lakh f 8.47 lakh in February 2016 and 7.61 lakh in February, 2015. FTAs during the period January- February 2017 were 19.40 lakh with a growth of 14.7%, as compared to the FTAs of 16.91 lakh with a growth of 9.0% in January- February 2016 over January- February 2015...........
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PE investments down 50% in February; deals at 32-month low
Uploading Date : 18-03-2017Private equity investments in February declined by over 50 per cent to USD 585 million in the absence of big-ticket deals, says a report. According to assurance, tax and advisory firm Grant Thornton, there were 44 PE transactions last month worth USD 585 million, as against 97 deals worth USD 1.26 billion a year ago................
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Cigarette shares gain on GST Council proposals; ITC up over 5%
Uploading Date : 17-03-2017Shares of cigarette companies are in focus with ITC rallying over 5% in morning deals, after the Goods and Services Tax (GST) Council on Thursday cleared a proposal to cap the cess on tobacco and cigarettes..............
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GST council clears up to 15 per cent cess on luxury cars
Uploading Date : 17-03-2017NEW DELHI: The GST council on Thursday agreed on fixing the ceiling on cess that would be imposed under the new regime to fund compensation to states for any revenue loss, with luxury cars, soft drinks and mineral water facing up to 15% levy on top of the 28% GST rate...........
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Indian economy to pick up once impact of note ban fades: IMF
Uploading Date : 16-03-2017India's economic growth is expected to pick up once the effects of cash shortages linked to the currency exchange initiative fade, the International Monetary Fund (IMF) has said..............
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Rupee hits one-year high of 65.4: Where is it headed?
Uploading Date : 16-03-2017Rupee hit a one-year high of of 65.4 against the USD, up 29 paise over its previous close. With a rally of over 3.4% in calendar year 2017, the rupee is the third best performing currency in Asia against the USD (sixth best among key world currencies) , behind South Korean Won and the Taiwan Dollar that have appreciated 5.44% and 4.95%, respectively..................
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