New Delhi, May 9: The finance ministry has extended the income tax exemption for private PF Trusts till March 31, 2013. About 46 lakh subscribers of over 2,700 private provident fund trusts were facing the threat of their retirement funds coming under tax net as Budget 2012-13 was silent on this issue. The amendment has been incorporated in the finance bill which was approved by the Lok Sabha yesterday.
New Delhi, May 9: India attracted foreign direct investment (FDI) of $8.1 billion in March, the highest ever monthly inflows, despite a brouhaha over Rs 11,000-crore Vodafone tax dispute. Cumulative FDI inflows for the fiscal 2011-12 amounted to $36.50 billion, sources said. In March 2011, the country received FDI worth $1.07 billion.
New Delhi, May 9: In an attempt to derisk its exploration business, state-owned Oil and Natural Gas Corporation (ONGC) plans to foray into gas retailing through a new subsidiary — ONGC Gas Ltd.
