Government making efforts to check price rise: Montek Singh

Planning Commission Deputy Chairman Montek Singh Ahluwalia Wednesday said the Indian government was making the right efforts to check price rise. Speaking to reporters at the Planning Commission, Ahluwalia said inflation was a global phenomenon.

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Retail sector may get service tax relief

The high level group on service sector has recommended that assessment of service tax in the case of outsourced manpower services should be confined to only the fee component and should not include salaries of outsourced employees.

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Marxists want hawkers in licence panel of big retail

In a reprieve to domestic private retail companies and a snub to allies, the CPM has given its nod for the entry of domestic retail players in Left-ruled states. The party has reiterated this position despite ally Forward Bloc opposing the move.

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India mulls scrapping food import duties to fight inflation

Commerce Minister Kamal Nath said on Monday that the Government was considering cutting import duties on a host of food and other products 'to zero'to boost supply and tame surging inflation.

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Kerala to examine legal aspects for banning retail chains

The CPI(M) led LDF government on Tuesday said it would examine all legal aspects of bringing forward an ordinance to ban retail chains of national and multinational companies.

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Protests in Kerala, govt allies say it’s endorsing organized retail

The Kerala government’s proposed 10% surcharge on the profits of big retail chains, paraded as a hurdle to the entry of the giants, has run into trouble, with members of its own ruling communist alliance condemning the plan as —actually—an endorsement of organized retail.

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10% surcharge on big retail chains in Kerala; tax on ATF cut

Imposition of one per cent cess on sales tax and value-added tax, a surcharge of 10 per cent on big retail chains and increase in the tax on lotteries are some of the new tax proposals contained in the Kerala Budget for 2008-09.

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Economic Survey recommends FDI in all retail

One of the survey's recommendations is to allow a share for Foreign equity in all retail trade. Allow 100% equity in foreign branded, specialized retail chains (eg: luxury brands, consumer durables and semi-durables)

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