The government has increased the customs duty to 10% from 8% on the yellow metal, a move that helped the rupee edge up against the dollar.
The government has increased the customs duty to 10% from 8% on the yellow metal, a move that helped the rupee edge up against the dollar. Customs duty on platinum has been raised to 10% from 8%, and on silver to 10% from 6%. The government also raised the excise duty on gold and silver bars. (ET)
Parliament’s standing committee on commerce has recommended a blanket ban on any FDI in brownfield pharma projects, warning that a few more takeovers of large domestic generic drug makers by multinationals can destroy benefits flowing from ‘India’s generic revolution’. (ET)
The government has allowed 13 public sector institutions to raise Rs480bn through tax-free bonds in 2013-14 to meet their infrastructure investment needs. For the first time, sovereign wealth funds have been allowed to invest in the private placement segment of these bonds. (BS)
The flow of money into NRI deposits in April-June 2013 was US$5.5bn down from US$6.5bn in Q1 of last year. The outstanding NRI deposits stood at US$71.07bn at end of June 2013, according to Reserve Bank of India data. (BS)
The government has increased the customs duty to 10% from 8% on the yellow metal, a move that helped the rupee edge up against the dollar. Customs duty on platinum has been raised to 10% from 8%, and on silver to 10% from 6%. The government also raised the excise duty on gold and silver bars. (ET)
Parliament’s standing committee on commerce has recommended a blanket ban on any FDI in brownfield pharma projects, warning that a few more takeovers of large domestic generic drug makers by multinationals can destroy benefits flowing from ‘India’s generic revolution’. (ET)
The government has allowed 13 public sector institutions to raise Rs480bn through tax-free bonds in 2013-14 to meet their infrastructure investment needs. For the first time, sovereign wealth funds have been allowed to invest in the private placement segment of these bonds. (BS)
The flow of money into NRI deposits in April-June 2013 was US$5.5bn down from US$6.5bn in Q1 of last year. The outstanding NRI deposits stood at US$71.07bn at end of June 2013, according to Reserve Bank of India data. (BS)
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