IDBI’s credit to MSME sector increases to `53,785 crore in FY 12
MUMBAI: The Small Industries Development Bank of India (SIDBI) held its 14th annual general meeting on June 29, at Lucknow. The meeting was chaired by Mr Sushil Muhnot, chairman and managing director and attended by its directors and shareholders.
KOLKATA: The Centre is determined to contain fiscal deficit to spur economic growth and will take action in this regard, the chairman of the Prime Minister’s Economic Advisory Council, Mr C Rangarajan, Friday said.
NEW DELHI: The government Friday issued draft guidelines on the general anti-avoidance rules (GAAR), inviting comments from different stakeholders and clarified that Prime Minister Dr Manmohan Singh will take final call on the issue after receiving feedback.
MUMBAI: Sensex Friday surged by a whopping 439 points, its biggest single-day gain in 2012 so far, making investors richer by ` 1.17 lakh crore on the back of clarity on tax-avoidance rules and upbeat global sentiment.
BY TENSING RODRIGUES Some time back I received a statement for a Mutual Fund investment that says “dormant”; but it does not say what I need to do to make it active. Could you please tell me what I need to do? - Pramita Naik
NEW DELHI: A day after Prime Minister Dr Mamohan Singh raised concerns over tax matters, the Finance Ministry on Thursday said it will provide clarifications to the PMO in two-three weeks on the issues, including the retrospective tax amendment which requires Vodafone to pay Rs 20,000 crore.
MUMBAI: The Sensex rose for the third straight day on Thursday edging up 23 points, led by FMCG, power and PSU stocks, as Prime Minister Dr Manmohan Singh and top officials are drawing a roadmap to revive the “animal spirit” in the economy.