Tag: Finance Ministry

Affordable Housing To Have Relaxed ECB Norms

May 7, 2013 – 6:09 pm

Finance ministry officials and the officials of Reserve Bank of India plan to hold a meeting in this week. This is to discuss about relaxing the ECB norms for boosting the affordable housing. The finance ministry and the Central Bank plan to initiate some relaxations in the ECB norms. By this, they aim to boost affordable […]

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Realty Firms Can Run Bank; Finance Ministry Opines

January 30, 2013 – 6:36 pm

Backing realty firms up, Finance Ministry said that RBI could permit realty firms to run banks in the private sector. Finance Ministry made the comment while talking about RBI’s new licensing policy. While speaking about the new licensing policy of Reserve Bank of India (RBI), Finance Ministry said that the realty firms also should be given […]

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REMFs Having Problem Due To Unclear Tax Rule

July 21, 2008 – 4:54 am

At a time when the real estate sector is hard-pressed for funds, the real estate mutual funds (REMFs) are yet to take off, in spite of being granted permission 3 months ago. This is due to unclear rules about their tax treatment. REMFs, which were touted as key instrument enabling retail investors to take part […]

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Stock To Watch

May 20, 2008 – 4:29 am

MUMBAI: Equities are seen opening flat-to-negative on Tuesday amid quiet global cues. Crude oil’s record high spike to the $127 mark will weigh on sentiment. Essar Oil’s refinery expansion project at Vadinar may turn out to be the only such upcoming project to be denied a 100% tax holiday available to refinery projects. This follows […]

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