Bhopal: Madhya Pradesh government has a debt of Rs 54,111 crore as on March 31, 2009, which means Rs 8,966 per person in the state according to the 2001 census, Madhya Pradesh Finance Minister Raghavji said in the Assembly. Replying to the Congress's Ram Niwas Rawat, Raghavji said that till March 31, 2004, the state government had a debt of Rs 34,109 crore, while it is Rs 54,111 crore as on March ..... MORE >>>

New Delhi: Delhi is the best Indian city to live in, while steel city Jamshedpur ranks lowest in the Liveability Index 2010 prepared jointly by CII and Institute for Competitiveness. Country's financial capital Mumbai comes second in the list of 37 cities mapped in the list, prepared on parameters like living standard, socio-cultural environment, education, medical standards and recreational possi ..... MORE >>>

New Delhi: The Income Tax department has got the power to cancel any charitable organisation’s registration that accords it the benefit of tax exemption. The department can annul the registration and the exemption emanating from it if the organisation is found to violate the norms for registration, according to Budget 2010-11. By this move, the government has made its intent to prevail over a seri ..... MORE >>>

New Delhi: Foreign investors violating FDI rules by using their test-marketing licences for doing large-scale retail business and even for product manufacturing, could be in for trouble. The government is planning to come out with strict norms to check these violations, most rampant in the retail sector. As per the current norms, foreign companies first seek permission to test-market their product ..... MORE >>>

Mumbai: Market regulator SEBI decided to expand the scope of employees quota in public issues of companies by making staff of subsidiaries eligible to paticipate in such offers made by the parent firm. Besides, the Securities and Exchange Board of India (SEBI), in its meeting decided that institutional investors will have to pay upfront 100 per cent money in primary issues like retail investors. B ..... MORE >>>