The commerce department has taken up the issue of tax refunds for SEZ developers with the finance ministry and is pressing for quick implementation of an earlier decision by the empowered group of ministers (EGoM).
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It is not just NRI deposits which are growing. Remittances from Indians working abroad are now on the rise.
Easy remittances | How to make quick buck in market?
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In a stark contrast to the situation about a year ago, when they were busy trying to undercut each other on broking commissions, stock broking firms are now gradually increasing fees.
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In view of the bearish trend in the equity market, a number of companies have extended the closing dates of their rights issues to ensure adequate subscription.
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Rate cuts have failed to enthuse borrowers. Even after banks cut their benchmark lending rates (PLR), credit offtake still remains low. As a result, surplus liquidity in the system is rising.
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Defence Minister A K Antony has warned armed forces of possible terror attacks from airborne platforms similar to the 9/11 attacks. FBI assisting in Mumbai investigations
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The United States has set the stage for punitive internationally-backed strikes by India against terrorist camps in Pakistan. Terror cover | Places targeted
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Airports in Delhi, Bangalore & Chennai put on high alert in wake of intelligence inputs that terrorists may strike these installations Investigations| Sovereignty breached?
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