economy (general)
The Reserve Bank of India (RBI) on Friday said foreign investors cannot purchase shares of Repco Home Finance and South Indian Bank as their shareholding in these companies has crossed the threshold limit. This is in a way a good news as there is so much demand for these shares in the market that they are [...] Continue Reading »
If you are thinking about buying a couple of apartments after selling your dilapidated ancestral home, then be prepared to shell out a hefty sum in capital gains tax. The new Budget has capped tax breaks available to such property buyers. This has been done through a seemingly innocuous tweak in the language of Sections [...] Continue Reading »
The budget had welcomed FDI and the results have already started showing up. The foreign direct investment (FDI) flows into India more than doubled to USD 3.60 billion in May. This figure is the highest in the last eight months. According to the data of Department of Industrial Policy and Promotion, in May 2013, the [...] Continue Reading »
Farmers, in parts of Gandhinagar and Ahmedabad, protested against land acquisition by Maruti. The villagers claim that the land was taken away from them at a throwaway price and given to Maruti. This is the second major instance where farmers are protesting against the State Government’s attempts to acquire agricultural land for industries. The farmers [...] Continue Reading »
