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Revised tax slabs likely to generate more revenues: Merchants Chamber of Commerce (10 Mar 2010)
Welcoming the Union Finance minister’s 2010-11 budget proposal for a revised tax slab, members of the Merchants Chamber of Commerce (MCC) hoped that this would not only generate higher savings, but also stimulate investment proposals.
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No rollback on excise & custom duty changes in petrol prices: Union govt (04 Mar 2010)
Despite political pressure being built to roll back on the prices of petrol and diesel, the government gave a clear signal that it would not relent on excise and custom duty changes announced in the Budget 2010-11.
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Rollback service tax on domestic air travel: Minister of State for Civil Aviation (04 Mar 2010)
The Civil Aviation Ministry will request Union Finance Minister Pranab Mukherjee for a 'complete rollback' of Service Tax imposed on domestic air travellers in the Union Budget, Minister of State for Civil Aviation Praful Patel said.
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Budget 2010-11: Service tax base expanded to garner 3,000 crore (27 Feb 2010)
The Union Budget proposed rate of tax on services will be retained at 10% to pave the way forward for Goods and Services Tax (GST).
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Finance minister expresses concern at tax loss due to tax havens (18 Feb 2010)
Underlining the critical role that transfer pricing norms have to play in future, Finance Minister Pranab Mukherjee expressed concern at the threat that countries which have low tax jurisdictions or are tax havens pose to India, which needs to mobilise resources to attack poverty and illiteracy.
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State can collect toll from bridge on NH: Allahabad HC (03 Feb 2010)
A division bench of the Allahabad High Court said the state government can collect toll from a bridge on the National Highway.
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ASSOCHAM urges govt to drop 5 % customs duty on set top box (28 Jan 2010)
ASSOCHAM said it has urged Finance Minister Pranab Mukherjee to withdraw five per cent Customs Duty on Set Top Box (STB) in Budget proposals for 2010-11 to provide support to the DTH industry.
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Badal forms committee on taxes levied on cotton ginning mills (20 Jan 2010)
Chief Minister Parkash Singh Badal asked the Financial Commissioner Taxation, Financial Commissioner Development and Secretary Mandi Board to carry out a joint detailed study to make recommendations for slashing the tax liability on the cotton ginning mills in Punjab so as to safeguard the interests of these mills.
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FICCI now cries for protection higher import duty on capital goods (18 Jan 2010)
Hard on the heels of the Budget, FICCI asked the government to ok recourse to protectionism, saying liberal imports of capital goods were hurting the domestic industry and sought high customs duties for such goods.
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EU economy, tax nominees may face second grilling (15 Jan 2010)
One of the European Union’s top lawmakers has said she may demand a second hearing to quiz the bloc’s designated tax and economics chiefs before the committee she leads decides whether to approve their appointments.
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