New Delhi: India has deferred by a year the rollout of measures to crack down on tax evasion, which had sparked an outcry among foreign investors, but has yet to provide clear guidelines on the proposals. Here are some quick facts that pertain to markets about the proposed changes and clarifications on GAAR announced by Finance Minister Pranab Mukherjee on Monday. *The General Anti Avoidance Rule, or GAAR, was proposed...
09:45 AM, May 09, 2012
New Delhi: Whatever its intentions in cracking down on abuse of tax havens, India has alienated overseas investors with the timing and communication of its measures when it can ill afford to do so. India's move to target tax evaders through a general anti-avoidance rule (GAAR), along with a plan to retroactively tax the indirect transfer of assets, has spooked investors and added to an exodus of funds, battering the...08:45 PM, May 06, 2012
New Delhi: Wooing global investors by easing FDI procedures, the Reserve Bank on Friday said that transfer of shares between Indians and non-residents would not require its permission in several key areas like financial services. Amending the Foreign Exchange Management Regulations, the RBI said that its prior permission would not be necessary where the company whose shares are being transferred is engaged in any financial service. "This is a welcome...07:21 PM, Nov 04, 2011
AFC President Mohammad Bin Hammam said that foreign investors are interested in buying Indian football clubs. ...03:17 AM, Apr 17, 2007
Jutta Stefan-Bastl says shutdowns and trade unions discourage her country’s business people from investing in state. ...01:36 PM, Mar 09, 2007
Real estate major Parsvnath Developers on Monday witnessed an impressive opening response for its Rs 1,000 crore IPO. ...05:01 PM, Nov 06, 2006
The Indian real estate sector is set for a giant leap with Parsvnaths' upcoming IPO further opening the doors for foreign investors. ...04:04 PM, Nov 02, 2006
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