Tag «Finance Minister P. Chidambaram»

Rate cut hopes help Sensex close above 20,000

15th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline   The Indian equity market started off the week with smart gains. The Nifty managed to sustain above the 6,000 mark for the second consecutive trading session while the Sensex closed above the 20,000 mark for the first time since May 30. …

U.S.-India CEO Forum Convenes at the Department of State

Office of the Spokesperson Washington, DC July 11, 2013 Deputy National Security Advisor Caroline Atkinson, United States Trade Representative Michael Froman, and Deputy Chairman-Planning Commission of India Montek Singh Ahluwalia, along with CEO co-chairs Ratan Tata and David Cote, will lead a meeting of the U.S.-India CEO Forum at the Department of State on Friday, …

Commodity Transaction Tax from June 1st – Umesh Shanmugam

India’s booming futures trade in commodities is likely to be tested soon, when the Government puts the proposed Commodities Transaction Tax (CTT) into effect. CTT will be levied on gold, silver and other non-agricultural commodities traded through commodities exchanges, once the Finance Ministry formally notifies the tax.The detailed notification is under preparation. While Ministry sources …