Popular Articles

When does liaison office attract I-T in India?
Foreign companies planning to do business in India often set up a liaison office for undertaking promotional work as a prelude to their actual commercial activities. It is generally believed that a liaison office does not affect the taxability of the parent company in India because commercial activities are not permitted from such offices. But if the liaison office results in the creation of a “permanent establishment” in India, the foreign company may become liable to tax in India.

Insurers push accident cover sale to schools
Schools and colleges have become the new hunting ground for non-life insurers, eager to push personal accident (PA) policies, a segment which has traditionally seen low claims.

News of the day

GMR's Kakinada project to see Rs 400cr investment
GMR Energy Ltd, the subsidiary of Bangalore-based infrastructure major, GMR Infrastructure Ltd, has finalised a Rs 400crore investment plan to relocate and restart its barge-mounted naphtha fired power project from Mangalore on the west coast to Kakinada on the east coast in Andhra Pradesh. The new plant, which will use natural gas as basic fuel, will be operationalised by March 2010.
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National news for the week Jan 2- Jan 8, 2010

Saturday - Old highs may be tested - Market likely to drift lower - Markets await a clear direction - Resistance seen around 16,940 - Timings of 19 trains in ECoR's jurisdiction to be changed - July-like pullback cannot be ruled out New Delhi: Three Pakistani terrorists, who had completed their jail term for triggering blasts near Red Fort in 2000, escape while being taken to the G B Pant Hospital in the national capital. New Delhi: Dense fog plays havoc with life in north India leading to three train accidents killing ten people, disrupting air and rail traffic and a power breakdown as the northern grid tripped. Sunday Thiruvananthapuram: The Copenhagen meet on climate change made "limited progress" and no one was satisfied with the outcome, Prime Minister Manmohan Singh says. New Delhi: Security agencies have been able to get an insight into the personal life of American terror suspect David Headley, with his estranged Moroccan wife telling investigators about connections he had in Mumbai, including with some socialites. Monday Ghaziabad: In a new twist to the Aarushi murder case, the CBI seeks permission to carry out narco analysis tests on Rajesh and Nupur Talwar -- parents of the teenager found dead under mysterious circumstances at her Noida residence less than two years ago. Thiruvananthapuram: India will take a key step towards developing a powerful generation-next rocket capable of putting four tonne satellites in orbit when it tests the 200 tonne solid booster later this month. Tuesday New Delhi: The all-party meeting on the Telangana issue today failed to break any fresh ground with parties divided on the creation of a separate state and indications emerged that there could be further discussions. Imphal: Talks between Manipur government and a major organisation leading protests over killing of a youth in an alleged fake encounter have collapsed, giving no hope to over four lakh students in the state who could not attend classes for the last four months due to the stir. Wednesday New Delhi: High-profile Samajwadi Party spokesperson Amar Singh resigns as its General Secretary and other posts following deepening differences with party chief Mulayam Singh Yadav, saying his priority now was his health, wife and children. Srinagar: Terrorists strike at the heart of Srinagar killing a policeman and injuring seven others after taking hostage number of people in a run-down hotel breaking almost two years of lull of militant violence in the city. Mumbai/Panaji: Three players of top football club Churchill Brothers arrested for allegedly molesting an airhostess on board a SpiceJet plane are granted bail even as the Goa team"s owners cried foul and said a defamation suit will be filed against the private airline. Thursday Srinagar: Security forces storm a hotel in busy Lal Chowk area killing two LeT terrorists including a Pakistani, ending a 22-hour fierce gunbattle that also left a policeman and a civilian dead. Ranchi: Jharkhand Chief Minister Shibu Soren, heading a JMM-BJP coalition government, wins a trust motion in the assembly by 19 votes. Friday Mumbai: A forensic probe of the fire that broke out at a BARC lab in which two research students were burnt alive found no evidence of explosives or inflammable residue even as the exact cause was still wrapped in mystery 10 days after the blaze. New Delhi: The Delhi High Court asks veteran Congress politician and former Andhra Pradesh Governor N D Tiwari to respond in a month on a paternity suit filed by a youth claiming to be his biological son. New Delhi: Indian passport holders living abroad could get voting rights by the time of next Lok Sabha elections in 2014, Prime Minister Manmohan Singh says.


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