India

Double Taxation Avoidance Agreement signed between India and Tajikistan

India, TajikistanNew Delhi, Nov 20 : A Double Taxation Avoidance Agreement was signed between India and Tajikistan on Thursday.

The agreement was signed between the countries, by Central Board of Direct Taxes Chairman Narendra Bahadur Singh, and by Deputy Minister of Finance of the Republic of Tajikistan Norinov Jamshed Nurmahmadovich.

The agreement will cover in the case of India, income tax including any surcharge thereon and in the case of Tajikistan, the taxes on income of legal persons and taxes on income of individuals.

India take 3-0 lead against England in ODI series

Duckworth-Lewis methodKanpur, Nov. 20 : India made heavy work of an under-par England total in the first evenly-contested match between the two sides at Kanpur''s Green Park Stadium on Thursday during the third one-day international.

But the hosts edged ahead thanks to a superior run rate under the Duckworth-Lewis method when bad light curtailed their chase after 40 overs.

India were asked to chase a victory target of 241 runs, and ended up scoring 198/5 in 40 overs when play was called off due to bad light. According to the D/L method, India needed to be 183/5 after 40 overs.

Recession evokes mixed reactions from Indian companies

INDIAN_CURRENCYNew Delhi, Nov 20 :Global economic crisis has evoked mixed response from the Indian companies.

Though the slump is felt in India and the heat has impacted various sectors, still many entrepreneurs have expressed optimism about overcoming the current recession.

According to reports the Indian economy is likely to expand by 7.4-7.8 per cent during 2008-09 fiscal year, slower than nine per cent of last year, as credit crunch and global downturn trims growth.

CCEA bid to improve Powerloom sectors’ infrastructure in Maharashtra and Tamil Nadu

Tamil NaduNew Delhi, Nov 20 : The Cabinet Committee on Economic Affairs (CCAE) on Thursday gave its approval to the implementation of the Comprehensive Powerloom Cluster Development Scheme at Bhiwandi (Maharashtra) and Erode (Tamil Nadu) as a Central Sector Plan Scheme.

India's Sensex falls 3.7 per cent

India's Sensex falls 3.7 per centNew Delhi - India's benchmark Sensex fell 3.68 per cent Thursday for its seventh-straight losing session on heavy selling sparked by drops in the US and Asian markets.

The 30-share Sensitive Index of the Bombay Stock Exchange, which had lost more than 1,750 points over the past six sessions, fell by another 322.77 to close at 8,451.01.

Sectoral indices - including consumer durables, oil and gas, metals and banking - lost more than 4 per cent each. The major contributors to the decline were real estate major DLF, telecommunications company RCom and ICICI Bank.

CCEA bid to improve weavers’ living condition in Varanasi and Assam

Assam, GuwahatiNew Delhi, Nov 20 : The Cabinet Committee on Economic Affairs (CCEA) on Thursday gave its approval to the implementation of the Comprehensive Handloom Cluster Development Scheme at Varanasi (UP) and Sibsagar (Assam) as a central sector plan scheme with a budget provision of Rs. 140 crore that is Rs. 70 crore for each cluster during the XI five year plan.

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