Archive for July 8th, 2009
Gifts to attract tax, threshhold for wealth tax enhanced
The budget has extended the provision to tax cash gifts in the hands of the recipient to all non-cash gifts as well.
Law firms upset about discrimination
The service tax imposed on legal services is actually limited to what is known as “transactional practice ” done by corporate law firms.
Here are some money saving strategies after the budget
Post-budget, want to save money? Where to start? ET provides you some tips on how to go about it. How much will you save from the new tax slabs | Gifts to attract tax
Delhi most expensive Indian city for expats: Survey
New Delhi is the most expensive location for expatriates to reside in, ahead of Mumbai, Bangalore and Chennai.
Your investment in debt turns risky now
The government’s huge money requirements to bridge the fiscal deficit will have a negative impact on the debt market.
Gold trades at previous day’s level, silver tumbles by Rs 100
Gold prices on Wednesday traded at previous day’s level of Rs 14,780 per ten gram in the bullion market here as stockists and jewellers refrained from buying at existing higher levels.
LG not to reduce prices of LCD TVs
Korean major LG said it is not in a position to pass on the benefit to consumers as the cost of panels has gone up.
Gold trades at previous day’s level, silver tumbles by Rs 100
Gold prices on Wednesday traded at previous day’s level of Rs 14,780 per ten gram in the bullion market here as stockists and jewellers refrained from buying at existing higher levels.
Railways post 5.26% increase in earnings
Indian Railways posted a 5.26% increase in earnings in the first quarter of the ongoing financial year.
Rupee ends 44 paise cheaper at 7-week low of 48.89 a dollar
The rupee virtually touched the crucial 49 level before ending at a seven-week low of 48.89 against the dollar, cheaper by 44 paise.
Sensex dips below 14,000 level
Equities ended near day’s lows on Wednesday as traders booked profits taking cues from the weak global markets. Realty, capital goods and metals space were beaten down badly.
SAIL cuts prices by up to Rs 2,000 a tonne
SAIL said it has cut prices of its long products, used primarily in construction by Rs 1,500-2,000 per tonne and may further lower the rates if the situation so warrants.
Court extends remand of Satyam accussed till July 22
A local court on Wednesday extended the judicial custody of former Satyam Computer chairman B Ramalinga Raju and other accused in the multi-crore Satyam scam till July 22.
Rupee falls 34 paise against US dollar
Expectations of capital outflows by foreign funds as market may open in the negative zone also put pressure on the rupee.
No plan to raise steel import tax: Govt
Indian steel consumption is seen rising 6 to 8% in 2009-10, says steel minister Virbhadra Singh
Rupee at 2-wk lows as shares down sharply
Rupee dropped to a two-week low as falling local stocks triggered concerns about the sustainability of foreign fund inflows in the near term.
Rupee at 2-week lows as Asian stocks lower
The rupee tumbled to its lowest in two weeks on Wednesday as Asian stocks were lower, indicating that local shares would start down.
Rupee falls by 34 paise against US dollar in early trade
The rupee depreciated by 34 paise to hit two-week low against the US dollar in early trade largely in line with other weak Asian currencies amid increased demand for the American unit from importers.
