Congressional tax experts say industry taxes are $29 billion higher in health billOctober 6th, 2009 Higher taxes in health care billWASHINGTON — Congressional tax experts say Senate health care legislation would impose $29 billion more in taxes on health care industries than originally thought. The Joint Committee on Taxation says drug companies, medical device manufacturers and insurers would pay $121 billion over 10 years as a result of taxes in the Senate Finance Committee bill.
McCain: Raising taxes not needed to reduce ballooning deficit; gov't can cut spending insteadAugust 23rd, 2009 McCain refuses to consider taxes to reduce deficitWASHINGTON — Sen. John McCain is refusing to consider raising taxes to reduce the ballooning deficit.
Finance Minister to release 'Direct Taxes Code' todayAugust 12th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee will release the draft of the 'Direct Taxes Code' here today. It will be released in the presence of Union Home Minister P.
Gibbs: No tax hike for middle class, knocks down remarks by administration officialsAugust 3rd, 2009 Gibbs: No tax hike for middle classWASHINGTON — The White House spokesman says President Barack Obama is committed to not raising taxes on U.S. families earning less than $250,000.
Central Bank to raise stake in housing finance armJuly 29th, 2009 KOLKATA - State-run Central Bank of India plans to raise its stake in its housing finance arm Centbank Home Finance, a top official said here Wednesday. The bank is planning to acquire the stakes of its two partners - Special Undertaking of UTI (SUUTI) and Urban Development Corp Ltd (HUDCO) - in Centbank Home Finance, S.
Obama's plan to increase taxes on multinationals takes a hit with new estimate by CongressJune 12th, 2009 New estimate trims Obama plan to increase taxesWASHINGTON — President Barack Obama's efforts to increase taxes on multinational corporations took a hit Thursday when a new congressional estimate showed his plan would raise only three-fourths of the money the administration projected. Obama promised sternly in May to crack down on companies "that ship jobs overseas" and duck U.S.
Striking West Bengal jewellers to meet Pranab MukherjeeJune 11th, 2009 KOLKATA - Jewellers in West Bengal, whose 72-hour strike in protest against alleged excesses by income tax authorities entered its third day Wednesday, plan to meet Finance Minister Pranab Mukherjee in New Delhi Thursday. "We will take a deputation to Delhi to meet the finance minister tomorrow (Thursday)," Balu De, president of one of the striking bodies, told IANS.
Senate panel's proposals for taxes on alcohol, sweetened drinks to help finance health careJune 3rd, 2009 Senate panel's alcohol, sweet drink tax proposalThe Senate Finance Committee has said it is considering raising federal taxes on alcohol and creating a new tax on sugar-sweetened drinks to help pay for revamping the nation's health care system, an overhaul that could cost $1.5 trillion over the next decade. —Alcohol tax: Federal alcohol taxes currently differ by type of beverage, and are higher for distilled spirits than for beer and wine.
Pranab Mukherjee assumes charge as Finance MinisterMay 25th, 2009 NEW DELHI -; Pranab Mukherjee on Monday assumed his charge as the new Finance Minister. Mukherjee was welcomed by the Finance Secretary, Revenue Secretary, Expenditure Secretary, Disinvestment Secretary, CEA, Chairman, CBDT and Chairman, CBEC.
Ashok Chawla appointed on State Bank boardMay 14th, 2009 MUMBAI - The country's largest lender, the State Bank of India, Thursday said it had appointed Finance Secretary Ashok Chawla as a director on its board. The appointment became effective May 13.
Ashok Chawla new finance secretary, Brahma power secretaryMay 12th, 2009 NEW DELHI - The government Tuesday appointed Economic Affairs Secretary Ashok Chawla as the new finance secretary and H.S. Brahma as power secretary.
Ashok Chawla new finance secretary, Brahma power secretaryMay 12th, 2009 NEW DELHI - The government Tuesday appointed Economic Affairs Secretary Ashok Chawla as the new finance secretary and H.S. Brahma as power secretary.
Ashok Chawla new finance secretary, Brahma power secretaryMay 12th, 2009 NEW DELHI - The government Tuesday appointed Economic Affairs Secretary Ashok Chawla as the new finance secretary and H.S. Brahma as power secretary.
Raise share of taxes that northeast gets: Tripura chief ministerFebruary 13th, 2009 AGARTALA - The Left Front government in Tripura has urged the 13th finance commission to provide a special debt relief package to the state and earmark 10 percent of the total share of central taxes for northeastern states, officials said here Saturday. 'Inter-state and inter-region disparity is not only growing, but also widening to a sense of deprivation and frustration resulting in alienation of a section of youth from the mainstream and associating themselves in terrorism,' Tripura chief minister Manik Sarkar told members of the 13th finance commission here.
Housing bank expects finance firms to reduce ratesDecember 29th, 2008 KOLKATA - India's apex housing finance institution, the National Housing Bank (NHB), expects housing finance companies to reduce lending rates, a top company official said here Tuesday. 'As we have reduced rates, we expect housing finance companies to reduce rates and pass on the benefits to consumers,' NHB chairman and managing director S.
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