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Bring in sweeping tax reforms; eliminate cess, surcharges: Economic Survey
Published July 4, 2009, 2:57 pm, The Times of India
NEW DELHI: The government should phase out all cesses and surcharges on taxes and securities transaction tax, fringe benefit tax and introduce a new income tax code, the Economic Survey said on Thursday.
A roadmap for reforms
Published July 4, 2009, 11:46 am, The Hindu
The Economic Survey’s reform agenda is extensive and ambitious. But it may be unrealistic to expect too much from the Budget. Caution, therefore, should be the watchword for investors.
CORPORATE
Published July 4, 2009, 11:44 am, The Hindu
COURTS/LEGAL ISSUES: Novartis’ cancer drug is not patentable, says appellate board Company reviewing decision and looking at various options.
Stocks shake off three-day slump
Published July 3, 2009, 12:51 am, Việt Nam News
HA NOI — Domestic stocks managed to snap a three-day losing streak yesterday, with the VN-Index closing up a modest 0.88 per cent to 433.79. High-profile newcomers Vietcombank (VCB) and Bao Viet Holdings (BVH) both plummeted yesterday.
Charles Schwab Study Finds 9.5 Million Retirees Hope to Re-Enter Workforce
Published July 2, 2009, 1:22 pm, Business Wire via Yahoo! Finance
SAN FRANCISCO----June was another difficult month for American workers with a net loss of 467,000 jobs, compared with 322,000 in May. June represents the first time in the past four months that the number of jobs lost rose from the previous month.
MINING FINANCE / INVESTMENT
Published July 2, 2009, 8:34 am, Mineweb
With Chinese and Indian stock markets around 12-month highs, the two-tier global mining market gains more divide; 74 of the world's Top 100 mining companies may now be classified under the "developing country" heading.
Indian Market Ends Volatile Session Modestly Higher
Published July 2, 2009, 4:28 am, INO News
(RTTNews) - Thursday, the Indian market ended a volatile session higher after budget expectations more than offset continued profit taking and weak European cues. However, indications that the government could make dividends taxable in the hands of shareholders restricted big gains.
Mkts sceptical about Economic Survey promises, end ...
Published July 2, 2009, 3:56 am, IBN live
The benchmark indices closed flat after trading extremely volatile throughout the session today, ahead of the railway budget on July 3. The market witnessed a knee-jerk upmove just as the finance minister came out with the economic survey today but later struggled to get past the 4,300 mark as realisation seeped in that the recommendations in the survey may be too ambitious to be actually ...
VN-Index plunges 4% as shares bottom out; only four stocks rise
Published July 2, 2009, 1:05 am, Việt Nam News
HA NOI — The VN-Index plunged another 4.08 per cent yesterday to close at 430, as most stocks bottomed out on the HCM City Stock Exchange. Only four codes managed to advance, while 157 lost value – and most of those hit the floor of their regulated trading bands.
Cap out at Silver Fern Farms
Published July 1, 2009, 12:34 pm, Timaru Herald
New Zealand's biggest meat co-operative Silver Fern Farms has confirmed a capital-raising and board shake-up, and plans to go to its 20,000 shareholders to raise the funds.
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