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NITI for 10-year tax holiday for coastal economic zones New Delhi: The NITI Aayog has proposed a 10-year corporation tax holiday for the coastal economic zones (CEZs), which are being planned on coastal lines of India to set up labour-intensive industries including clothing and electronics, to tap export ...

Business Standard September 26, 2016

Sebi allows FPIs direct access to corporate bonds Mumbai: The Securities Exchange Board of India (SEBI) has allowed select categories of foreign portfolio investors (FPIs) to directly trade in the corporate bond market in India without brokers, with a view to develop the Indian corporate bond market...

Business Standard September 26, 2016

Rail Budget merger is the biggest reform in the sector: Railways Minister Suresh Prabhu New Delhi: Mr Suresh Prabhu, Minister for Railways, has stated that the merger of Railway Budget with the Union Budget is the biggest reform that has been done in this sector till date, leading to savings of Rs 9,700 crore (US$ 1.45 billion)....

Economic Times September 23, 2016

Government announces enhanced support under Merchandise Exports from India Scheme (MEIS) of the Foreign Trade Policy New Delhi: The Department of Commerce, Government of India, has extended total support under the Merchandise Exports from India Scheme (MEIS) from the present Rs 22,000 crore (US$ 3.3 billion) to Rs 23,500 crore (US$ 3.52 billion) per annum....

Press Information Bureau September 23, 2016

Cabinet merges rail, Union budgets, agrees in principle to advancing date New Delhi: The Union Cabinet has approved the merger of Railway budget with the Union budget, which is expected to help initiate revenue mobilisation and capital expenditure measures from the beginning of the fiscal year....

Livemint September 21, 2016
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