Thursday, February 18, 2010

Economic snippets


± Government to ban FDI in Tobacco sector. (ET)

± Prime minister’s economic advisory council has pitched for a single Cenvat rate, which would be higher than the current 8%. (ET)

± India has retained its top slot in gold consumption. (ET)

± Tax heavens pose a threat to security because of their complex and secret laws, says the finance ministry. (ET)

± Government is considering selling part of its stake in PSU banks to LIC and GIC. (FE)

± Banks want the deadline for the implementation of base rate to be extended by three months. (FE)

± The government is confident that food prices will start easing from April when the rabi harvest hits the market. (BS)

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