Wednesday, Sep 14, 2011
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BLACK MONEY: GOVT MULLS AMNESTY SCHEME
A special voluntary disclosure scheme for bringing back black money stashed away in tax havens abroad may be in the offing. The Central Board of Direct Taxes is understood to be "seriously considering" recommending to the government a scheme on the lines of the Voluntary Disclosure of Income Scheme (VDIS) announced in 1996 to tap funds lying abroad for productive use in India. read more |
CHINESE TROOPS ENTER INDIAN TERRITORY
Chinese troops are reported to have entered into Indian territory and destroyed some old Army bunkers and tents in Chumar division, about 300 kilometres from Leh. While some reports suggested that the Chinese troops in helicopters entered one-and-a-half kilometres into Indian airspace, other reports said that the helicopters landed in Chinese territory and then the troops marched into the area to dismantle the bunkers, a move aimed at displaying that the area belonged to them. read more |
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| AT A GLANCE |
| BSE | 16709.6 | +242.16 |
| NSE | 5012.55 | +71.6 |
TURNOVER
Rs. 150,956 cr
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BSE CASH
Rs. 2,567 cr
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NSE CASH
Rs. 10,893 cr
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NSE F&O
Rs. 137,496 cr
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| BULLION |
| GOLD | 28147 | -87 |
| SILVER | 64864 | -704 |
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| CRUDE |
| NYMEX | 89.03 | -1.18 |
| BRENT | 112.26 | +0.37 |
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| FOREX |
| $ / Re | 47.58 | -0.01 |
| £ / Re | 75.105 | +0.03 |
| € / Re | 65.066 | -0.04 |
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| EVENTS |
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| 15 September |
 | CBI To File 3rd Charge Sheet In 2G Scam |
| CVC To Appear Before House Panel For Lokpal Bill |
| India Infrastructure Summit 2011, Achieving The Trillion Dollar Dream, The Imperial, New Delhi |
| Court To Hear Rajya Sabha MP Amar Singh's Bail Petition In Cash-For-Votes Scam |
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| 16 September |
| RBI's Mid-Quarter Policy Review |
| EGoM Meet On LPG Headed By Finance Minister Pranab Mukherjee |
| National Conference On Graduating From CFO To CEO, "Finance-led Turnaround", The Park, New Delhi |
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| EXPERT VIEWS |
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"It (inflation) is perilously close to double digit... RBI is also watching the situation like the government and collectively it would be possible for us to tackle the problem."
Pranab Mukherjee
Finance Minister
"RBI has been following a good policy. These are the ways of correcting international imbalances. As far as the Indian economy is concerned, I have a feeling that the RBI is following a good policy of not interfering, but the point is that once it goes beyond a point, we need to look at how we can manage."
R Gopalan
Secretary, Department of Economic Affairs
"You have this terribly damaging political dysfunction here and in Europe that leaves the world wondering whether the political system has the capacity to do the right thing. That is very damaging to confidence."
Timothy Geithner
U.S. Treasury Secretary
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| WATCH OUT |
 What's Hot
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