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September 25, 2003 
Your eye to India-centric and International updates
In the news
Old investors to soon benefit from eased FDI Norms Powers relating to the regulation of SEZs to lie with Development Commissioner

The government’s foreign direct investment (FDI) policy is set to be revised, with a proposal being made to provide liberal dispensation to companies that had committed to fulfill several obligations prior to the opening up of several sectors... Our Say

 

A Cabinet note on the proposed SEZ Act has recommended vesting all powers relating to the regulation of SEZs to the development commissioners (DCs). The DC of each zone will have the final say in all decisions on the laws that would be applicable to the SEZ... Our Say

Other Interesting Reads

Privatisation of airports takes flight!!

The privatisation of the Delhi and Mumbai airports is on course with the Cabinet today approving 74% equity participation by a player of international repute... more

Backward states to be allowed tax holiday

Keeping up with the pace of its reforms, the finance ministry has decided to extend a 10-year tax holiday to industries in special category states... more

Corporate banking in India might well be worth banking on !!

Foreign banks may have made a difference to Indian banking with the introduction of snazzy products and services, both on the retail and corporate side, and more importantly, by correcting upwards the pay packages of bankers, but they are still small players…..so is the future as secure as a fixed deposit? more

Top
Quick Links
India, Singapore plan to cut withholding tax to 5%

External Commercial Borrowings between US $50m & $100m need RBI approval

Government set to redefine FDI norms for retail trade

SEZ at Indore takes off

States plan to fine-tune current sales tax system

Centre plans to liberalise power norms for SEZs

VCs may now be able to venture into the secondary market

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