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The obscene commission pocketed by insurance agents

By Tensing Rodrigues
We have given a more or less decent burial to the commission that used to be paid to mutual fund agents. But the commission pocketed by the insurance agent is still alive and threatening us; and will probably remain so even after the judiciary decides on the row between SEBI and IRDA.

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New taxpayer schemes to be introduced this year

NEW DELHI: With the present Income Tax Act proposed to be replaced by the Direct Taxes Code (DTC) next year, the I-T department is planning to introduce a host of services related to processing of tax returns and refunds in the current fiscal.

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Govt may slap taxes, quotas to limit iron ore exports

NEW DELHI: India may impose taxes and quotas on exports of iron ore from the country to increase availability of the raw material for the domestic steel industry, the Union Steel Minister, Mr Virbhadra Singh said on Wednesday.

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Sensex tanks 460 pts; lowest since March

MUMBAI: A benchmark index for Indian equities on Wednesday closed at its lowest level since March this year, ending 460 points lower on growing investors’ risk aversion.

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CNG price to be hiked by 20%

NEW DELHI: The price of compressed natural gas (CNG) is expected to rise by 20 per cent with the Union cabinet almost doubling the rate at which it is marketed by two state-owned exploration majors, it was announced on Wednesday.

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Enhanced security features in bank cheques

By Tensing Rodrigues
I have been told that RBI is making a major change in bank cheques and that after some time the cheques we are using now will not be usable. Could you please let us know what the matter really is? - Keshav Dhume.

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