19th February 2014
THOUGHT OF THE DAY
“THE BEST THING ABOUT THE FUTURE IS
THAT IT COMES ONE DAY AT A TIME”
With only Rs 35,000 crore budgeted towards oil subsidy, food,
fertilizer and oil ministries may have to mobilise resources via
bonds, special banking arrangements.
Budget for 2014-15, since the Plan expenditure is not to be
retained at the Rs 5.55 lakh crore pegged in the Vote-onaccount.
SEBI / COMPANIES UPDATES
SEBI filed an affidavit in the Supreme Court on Tuesday
rejecting Sahara's claim that it had refunded around Rs 24,000
crore by way of dues to investors.
Any actions taken by SEBI under the government ordinance
against capital market manipulations, will remain "valid and
the consequent effects of the same will continue".
RBI / TAX LAW UPDATES
The next government might have to raise tax rates or look for
other sources to raise revenues when it presents the full
ITAT stayed tax demand of Rs. 3,700 crores against Vodafone
MCX CRUDE OIL
Dow Jones Industrial Average
as it appeared to have a strong case in favour.
HC slams ITAT for setting aside order of CIT(A) without
considering merits of case.
PGC NEWSLETTER19th February 2014