IT hardware industry wants relaxed taxation in budget

October 6th, 2009 NEW DELHI - Prime Minister Dr. Manmohan Singh today said inadequate infrastructure and the taxation structure are major hurdles preventing the growth of the country's food processing industry.

August 19th, 2009 Lockheed Martin gets $25.1M defense pactWASHINGTON — Lockheed Martin Corp., the nation's largest defense contractor, received a $25.1 million contract boost from the Navy for hardware to upgrade the Virginia Class attack submarine, the Pentagon said late Wednesday. The hardware will be used for a sonar system upgrade, which has already been integrated into the first 10 ships of the class as part of the modernization program.

July 14th, 2009 Aging building's stench has state workers reelingSANTA FE, N.M. — For some state employees, going to work really stinks.

July 14th, 2009 NEW DELHI - Slowdown-hit Indians bought fewer personal computers including notebooks and netbooks last fiscal, according to the hardware industry's representative body. Sales declined 7 percent to 6.79 million units from 7.34 million units in 2007-08, the Manufacturers Association for Information Technology (MAIT) said here Tuesday.

July 13th, 2009 MUMBAI - The capital goods industry can expect more supportive measures from the government in the coming months, Heavy Industries Minister Vilasrao Deshmukh said here Monday. Our endeavour is to support the capital goods industry so that it can help Indian manufacturing industry to meet the challenge of global competition and sustain the growth momentum in exports, Deshmukh said at a function organised by the Confederation of Indian Industry (CII).

July 7th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee Tuesday said the government will try and persuade state governments and other stake holders to implement a unified goods and service tax (GST) as it had done for the central value added tax (Cenvat). "I know there is a problem.

July 6th, 2009 CHENNAI - The union budget for 2009-10 presented by Finance Minister Pranab Mukherjee Monday has disappointed the domestic life insurance sector. "There is no major announcement on tax sops.

July 4th, 2009 RAJKOT - Auto part makers in Rajkot are hoping for concessions in excise duties and taxes in the coming budget. The city, which has with over 5,000 small and medium scale industries, is a hub for making auto parts.

July 3rd, 2009 NEW DELHI - The Confederation of Indian Industry (CII) on Friday welcomed the Railway budget presented by Railways Minister Mamata Banerjee. "This budget is unique in the way inclusivity and overall development has been the focus without losing focus on safety, technology adoption and commercialization while providing opportunities for industry though its capacity expansion programme and setting up infrastructure through PPP mode", said Chandrajit Banerjee, Director General, CII.

June 25th, 2009 NEW DELHI - The Confederation of Indian Industry (CII) has called for tax reforms like unifying various cesses and surcharges into a single corporate tax, allow higher depreciation and remove multiple taxation on dividend to spur growth and make India Inc globally competitive. "To reduce complications and unproductive time spent by industry in tax filing, it is more efficient to have one rate of corporate tax rather than many cesses and surcharge," CII said in a statement.

May 22nd, 2009 NEW DELHI - Leading telecom operator Bharti Airtel, which has about 2.7 million Internet subscribers, Friday launched its Net PC initiative that provides Internet connectivity to users without the need to invest in personal computers (PC). With Net PC, users can also work on basic computer functions like word documents and presentations through centrally-placed software and hardware.

March 20th, 2009 CHENNAI - Chilean President Michelle Bachelet Friday invited Indian IT companies to partner with their Chilean counterparts to 'build global projects' and also to help her country's development. Bachelet, who came to India Monday for a five-day official tour, was speaking at a function here, organised by the IT industry lobby, National Association of Software and Service Companies (Nasscom).

March 18th, 2009 NEW DELHI - Hit by the global slowdown and slow growth in subscriber base, the country's direct-to-home (DTH) service providers Tuesday asked the government to bail them out and take a relook at the four-level tax system imposed on them. 'With the dollar appreciating against the rupee, the hardware cost has gone up by 10-15 percent,' Dish TV chief operating officer Salil Kapoor told reporters on the sidelines of a conference organised by the Cable and Satellite Broadcasting Association of Asia (Casbaa).

February 12th, 2009 KOLKATA - The interim railway budget presented by Railways Minister Lalu Prasad in the Lok Sabha Friday could not match the expectations of the business community here, which is reeling under the impact of global economic slowdown. 'Though there are many positive proposals, there was no reduction in trade rates, which could have helped industry and trade in times of economic recession,' Sanjay Budhia, president of Indian Chamber of Commerce and Industry, told IANS.

February 11th, 2009 NEW DELHI - Describing the tax system in India as 'too complicated and difficult to understand', a Japanese industry lobby Thursday asked the commerce ministry to look into a number of 'serious' problems that impede Japanese investment here. The Japan Chamber of Commerce and Industry in India (JCCII) Thursday submitted a report to the department of industrial policy and promotion, listing 61 issues related to infrastructure, taxation system and customs clearance that need to be settled.