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Garment exporters seek zero duty, early FTA with EU

Jun 04 2014, THE FINANCIAL EXPRESS Tirupur Exporters’ Association (TEA), which represents the R17,000-crore knitwear/ readymade garment capital of India, has raised a number of issues with the new Union ministers of commerce and textiles, including zero excise duty on man-made fibre, zero customs duty on machinery, early implementation of GST and early FTA with…

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SME funding to get Rs 5,000-cr boost

June 5, 2014, BUSINESS STANDARD The government, with the help of the capital market regulator, is planning to set up a first of its kind co-investment fund to fund small and medium enterprises (SMEs), considered the backbone of the Indian economy. According to sources, the fund will have an initial corpus of Rs 5,000 crore…

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New foreign trade policy to give more thrust to services exports

Jun 6, 2014, THE ECONOMIC TIMES The new five-year foreign trade policy will offer greater incentives for services exports while refocusing schemes for merchandise exports to make them more effective, according to top commerce department officials. The commerce ministry is expected to announce the foreign trade policy 2014-19 after the budget, which is likely in…

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Private FM radio welcomes the ‘news’

June 9, 2014 Business Standard The private FM radio segment sees some hope in the new Union minister for information and broadcasting, Prakash Javadekar, talking of hastening phase three of radio frequency auctions, beside relaxing the prohibition on private stations carrying independent news bulletins. Currently, private FM radio is the only mass media platform barred…

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DIPP wants more restrictions in Pharma sector, seeks FIPB nod for FIIs

Jun 9, 2014, THE ECONOMIC TIMES The department of industrial policy & promotion (DIPP), which had spearheaded curbs on foreign direct investment in the pharmaceutical sector, now wants more restrictions, this time on portfolio investment in the sector. It wants that increase in foreign institutional investment in listed pharmaceuticals companies beyond the default 24% threshold…

201401.06
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MCA clears decks for appellate tribunal

Financial Express- 6 January 2014 Decks have been cleared for the creation of the National Company Law Appellate Tribunal (NCLAT) by the ministry of corporate affairs (MCA) after it notified creation of the National Company Law Tribunal (NCLT) on Tuesday. Decisions made by NCLT, which would replace the Company Law Board, can be appealed before…