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All
states must simultaneously implement VAT, says minister |
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The Maharashtra government
on Monday made it clear that though it was resolved to introduce
Value Added Tax from April 2002, it was of the firm opinion
that isolated implementation of VAT by few states would create
economic distortions. |
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Govt
to tighten OCB guidelines |
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The Union government
will soon tighten norms for overseas corporate bodies, while
planning to relax rules for investments in derivatives by foreign
institutional investors and simplify conversion of ADR/GDRS
into shares tradeable in India. |
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RBI
to maintain adequate liquidity in repo market |
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Reserve Bank Governor Bimal
Jalan said on Monday adequate liquidity will be maintained in
the repo market by injecting cash through reverse repurchase
agreements as and when needed. |
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Futures
on 31 individual stocks by mid-November |
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Securities and Exchange Board
of India Chairman DR Mehta said on Monday that futures on 31
individual stocks would be introduced latest by middle of this
month. |
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