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India Corporate Tax Receipts At 952.8 Bln Rupees Up To End-Sept, Up 35.65 Pct Yr/Yr - Govt
India Total Direct Tax Receipts Up To End-Sept At 1.47 Trillion Rupees, Up 32.5 Pct Yr/Yr - Govt.
-courtesy R M India-
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MCX-SX to start live trading in currency futures from tomorrow...
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S&P Downgrades Pakistan Further Into Junk Territory...
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what is target price for RPL in Dec\\\\\\\\\\\\\`08...
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ndo-US civilian nuclear deal may be signed on 13 October in Washington, after missing the 4 October schedule, when US Secretary of State Condoleezza Rice visited New Delhi on her farewell tour.
Although, there will be a new venue and schedule, the two signatories will remain same: External Affairs Minister Pranab Mukherjee will travel to Washington and sign the agreement there with Rice.
According to top sources, the government didn`t see any problem in the delay. Rather it suited the UPA government as it wants to see the final shape of legislation after President George W Bush signs it into the law.
According to sources, as the senate has added supplementary legislations and the Hyde Act still remains relevant for the US administration India wants to see which are the areas Bush highlights in his notification. South Block expects the occasion will clear certain misgivings. At her joint press conference with Mukherjee on Saturday, Rice maintained: "The Hyde Act is completely consistent with 123 Agreement....123 Agreement is consistent with the Hyde Act. The US will keep its commitments to both."
Rice said on Saturday that Bush`s signing of the legislation into law had got delayed due to "administrative" reasons and there were "no open issues" involved. The US Congress had approved the agreement last week.
After the talks between Rice and Mukherjee, the two sides had expressed hope that the 123 agreement would be signed soon.
South Block had earlier earmarked two dates—October 4 and 13—for Condoleezza Rice`s visit to India and signing the Agreement with her. As she had already visited India last week, Mukherjee now has to travel to Washington as per diplomatic protocol.
"The President will sign the legislation very soon. He wants to do it very soon. There are administrative details," Rice said at the joint press conference with Mukherjee.
"Let me be clear, the 123 agreement is done. It is a matter of signing and so I don`t want anyone to think that we have open issues." said Rice, who also met Prime Minister Manmohan Singh and Opposition Leader L K Advani.
BS..........................
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Parsvnath Developers Limited (PDL), India’s leading Real Estate Company with pan India presence having diversified portfolio, has announced the launch of Parsvnath Pratishtha, a Group Housing project at Pune....
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Anil Ambani has struck a deal worth $1.5 billion with three-time Oscar winner Steven Spielberg and Stacey Snider to create a new motion picture studio. The joint venture is likely to be launched by January next year.
"A new age studio is also being planned, which will be based in Hollywood, Los Angeles," an industry insider said on condition of anonymity.
The joint venture will be producing 30-35 films over the next five years, the source said.
Buffett, Anil among billionaires betting big on US economy
Stacey Snider, co-chairman and CEO of DreamWorks Studio, is set to hold the same position in the joint venture.
Before joining DreamWorks in 2006, Snider served as chairman of Universal Pictures where she was involved in "The Bourne", "The Mummy", and the "American Pie" series.
For information,with regards
rvk41...
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Finaly india is in the elite nuclear club...a well deserved member...world can not ignore India..that is the truth.
When computer age came some political parties objected the computer entry, saying it will create unemployment, millions will loose job...but in reality computers created millions of job, millions got employed. IT took india too the forefront of the world, world respected india, world recognised india.
this new found recognition helped India`s nuclear club entry (with due recognition of our PM`s fruitfull efforts)
Now another revolution is coming within a few years, India will be world force..
This new found India`s world position will help India`s claim for the UN Security council membership (already world started understanding it)
A great present in Gandhi Jayanthi day...
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no...
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leads to toxic assets?...
In reply to:
RBI asked to cut lending rates, boost liquidity
Posted by :
zoombusiness
n order to pump liquidity into the market, an industry lobby on Thursday requested the central Reserve Bank of India (RBI) to reduce cash reserve ratio and repo rate by 1 per cent.
In its recommendation, the Associated Chambers of Commerce and Industry of India (Assocham) has requested RBI to permit banks to borrow against government securities and provide dollars directly to oil companies, rather than routing them through the market for buying crude.
The recommendations submitted to the RBI governor by Assocham president Sajjan Jindal further said several Indian companies are now looking at rupee-funding as dollar-financing has become uncertain and difficult to raise within the RBI approved spreads.
Assocham said the level of credit needed to be redefined taking into account the base effect while planning for the future, instead of squeezing credit, which would seriously impact the survival and sustenance of industry.
Currently, the cost of money at which Indian industry borrows varies between 25-28 percent, which it said \"is very high, as a result of which its margins have already shrunk\".
The chamber has also sought easing of norms that govern external commercial borrowings to help industry raise funds from abroad.
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does include lanes and roads,is it public place?...
In reply to:
Caught smoking in a public place? Be ready to pay up
Posted by : tally
Ban on public smoking is good piece of legislation. It must be strictly enforced. Public health is one of the major concern of any Govt. Fine so collected be spend on public health system. SMOKING IS INJURIOUS TO PUBLIC HEALTH. TAX PAYERS MONEY IS SPEND ON A SMOKER`S ILL-HEALTH IN TERMS OF MEDICAL CARE AND IN CASE OF HIS UNTIMELY DEATH HIS FAMILY SUFFERS. Put a complete ban on smoking.
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mGinger, a Bangalore-based start-up in mobile advertising, today announced that it has attracted $2 million in funding from Draper Fisher Jurvetson and NEA-IndoUS Ventures. The company will use proceeds of the financing to significantly grow its business, build up their technology stack and ramp up their marketing and sales force.
mGinger provides advertisers with permission-based, targeted marketing. mGinger enables advertisements including offers, vouchers, news and more, sent in the form of SMS on consumers’ mobile phones. These advertisements are specific to consumer interests and demographics mentioned during sign-up (www.mginger.com) and received only in the timings that consumers specify. An additional value-add for consumers, is the earning potential of receiving these advertisements, which is redeemed through a gift cheque from mGinger.
“We at mGinger believe that there is much more to mobile phones than receiving advertisements through text messages.” said Chaitanya Nallan, CEO, Gingersoft Media Private Limited. “With this funding, we look forward to bringing a lot more innovative services to mobile users in the near future and opening up this potentially huge market in India. We are delighted to have investors like DFJ and NEA partner with us in this venture.”
“We are ecstatic about not only what mGinger has accomplished but what the prospects are.” said Mohanjit Jolly, Executive Director, Draper Fisher Jurvetson. “The ubiquitous presence of the mobile phone in India and the SMS usage makes this a highly promising market and serves as a potential ‘holy grail’ for consumers as well as advertisers.”
“The huge market potential, the effectiveness of this new medium of advertising and the uniqueness of mGinger’s offering makes this a very attractive investment for us. The mGinger platform solves critical problems like content composition, cost of campaign and return on investment measurability for advertisers” said Sateesh Andra, Venture Partner, Draper Fisher Jurvetson. “Besides, mGinger also has a brilliant leadership team which has taken the company well-ahead of the others in this space.”
“The current way of marketing on mobile phones needs to change from an intrusive model to a permission-based model where customers dictate the type of advertisements received. mGinger’s offering is a creative model offering great value to the consumer and a cost effective solution for the advertiser.” said Vani Kola, Managing Director, NEA-IndoUS Ventures. “With this solution advertisers can track the effectiveness of advertising spends against results received, creating a win-win for both advertisers and consumers. mGinger has created a solution which will have a long term impact on the mobile advertising space and we are excited to be a part of this sea change.”
With over 200 million mobile subscribers in India, advertisers can target a specific base of consumers in a meaningful way, allowing them to see a much higher rate of return on their investment. The direct and personal nature of the mobile phone ensures immediate reach, without being viewed as mobile spam.
Just wanted to share some good information with fellow friends :)
http://www.mginger.com/index.jsp?inviteId=33568
adjust and put the above in the web browser link and register urself.
Sourced From: 20 : 20 Media Pvt Ltd
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In reply to:
mGinger gets mn VC funding
Posted by : MMB Messenger
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The US Congress approved a revised 700 billion dollar package to bail out the beleaguered US financial sector after the House of Representatives today cleared the historic measure four days after it rejected an earlier plan that stunned the global markets.
The House okayed 263-171 in a make or break vote the unprecedented government intervention designed to pull the US economy out of the brink and sent it to President George W Bush for certain signature into law. The Senate on Wednesday passed 74-25 a revised version of the bailout package.
Calling the bipartisan Congress vote a "bold" step, Bush said the package will help the US economy weather the financial crisis.
The revised package aimed at buying up the bad debts of failing institutions included sweetners on extending bank deposit insurance and expired tax breaks in a bid to get more Republicans behind the legislation.
Several law makers dropped their opposition to the bill when it came up for vote today capping two weeks of turmoil in the Congress and the Wall street.
The Bill was tweaked by the Senate which addded about 100 billion dollars in new tax breaks in an initiative to get the House support for the new version.
Only 85 Republicans voted for the bailout in the 228 to 205 defeat for the bailout on Monday and Democratic House leaders said before the vote they needed 100 members of the minority party to ensure passage.
The plan lets the government spend billions of dollars to buy bad mortgage-related securities and other devalued assets from troubled financial institutions. It is aimed at allowing frozen credit to begin flowing again and prevent a dangerous recession.
For information,with regards
rvk41...
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07.27 pm - Tata Motors Ltd will pull out of West Bengal, where violent protests against a factory at Singur for its low-cost Nano car had forced it to stop construction work last month, Chairman Ratan Tata said on Friday.
Tata said the decision to move the project out of the state was taken after farmers\` protests refused to die down, and because the firm feared for the well-being and safety of its employees and vendors.
Tata Motors, the country\`s top vehicle maker, had started looking for alternate locations to build the Nano, which it has said would be launched this month, and which is expected to be priced at just above 100,000 rupees ($2,130).
Tata said on Friday the firm had not made a decision yet on where the Nano factory would be relocated, but was examining offers from three or four states. The firm would announce further decisions in a few days, he said.
R B NEWS courtesy
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Ban on public smoking is good piece of legislation. It must be strictly enforced. Public health is one of the major concern of any Govt. Fine so collected be spend on public health system. SMOKING IS INJURIOUS TO PUBLIC HEALTH. TAX PAYERS MONEY IS SPEND ON A SMOKER`S ILL-HEALTH IN TERMS OF MEDICAL CARE AND IN CASE OF HIS UNTIMELY DEATH HIS FAMILY SUFFERS. Put a complete ban on smoking....
In reply to:
Caught smoking in a public place? Be ready to pay up
Posted by : MMB Messenger
The Supreme Court refused to stay the government's notification to impose a ban on smoking in public places from October 2. So if you are caught lighting up you will be asked to cough up — no pun intended — a Rs-200 fine.
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