Thursday, 25 July 2013

Top economy news of the day

The Heavy Industries Ministry has written to the Finance Ministry seeking an additional 5% import duty on power equipment.

The Central Board of Excise and Custom said car models, which are known as sedans, will attract 27% excise duty, as applicable to large cars and not 30%, as announced in the Budget. (BL)

The Heavy Industries Ministry has written to the Finance Ministry seeking an additional 5% import duty on power equipment. At present, there is 21% duty on such equipment. (BL)

The finance ministry is considering issuing sovereign bonds to raise dollars from global investors, rather than restricting the exercise to non- resident Indians. (BS)

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