
Thursday, October 15, 1998
"Inflation may rise on high money supply growth, food prices"
The inflation rate is likely to remain high and may even rise further from the current levels due to the high growth in money supply and increase in food article prices.
Central Board of Direct Taxes notifies norms on infrastucture bonds issue
The Central Board of Direct Taxes (CBDT) has said corporates entities allowed to float infrastructure bonds under Section 10 (23 G) of the Income Tax Act can avail of the facility for three assessment years.
India agrees to sign two patent treaties
India has agreed to abide by the Paris convention for the protection of industrial property and the patent-cooperation treaty, according to UN patent agency, the World Intellectual Property Organisation.
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