The AIADMK’s former coordinator and former Chief Minister, O. Panneerselvam, on Monday, June 26, 2023, asked the Tamil Nadu government to exert pressure on the Central government for a rollback on changes to the Electricity Rules, 2020. Pointing out that in respect of day time, the proposed tariff, under the Time of Day system, would be 10-20% less than the …
The Southern India Mills’ Association has sought a rollback of the 10% customs duty on cotton imports announced in the Union Budget, as it would escalate the cost of garments and result in higher import of garments, especially from countries such as Bangladesh and Sri Lanka. Ashwin Chandran, chairman of Southern India Mills’ Association, said that India imports mainly extra-long …
The government's rollback of enhanced surcharge on select investors, announced as part of a series of measures to boost the economy last week, has not created a differential regime between FPIs and domestic investors, CBDT said in statement on Wednesday. Finance Minister Nirmala Sitharaman on Friday announced the withdrawal of enhanced surcharge on short-term and long-term capital gains earned by …
Domestic equity benchmark BSE Sensex rallied over 662 points in opening session on Monday after the government rolled back the enhanced surcharge on foreign portfolio investors, and unveiled a slew of measures to boost the economy. Giving in to the demands of overseas investors, Finance Minister Nirmala Sitharaman on Friday, after market hours, announced rollback of enhanced surcharge on foreign …