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Interim Budget 2014: Rupee has stabilised says FM

New Delhi : The government today said the rupee has fared better than those of other emerging economies and the exchange rate has stabilised. Risks to capital flows were accentuated due to volatile global conditions and the US Federal Reserve's announcement last May of tapering its fiscal stimulus had severely hit the rupee value. "Government, RBI and Sebi took a number of measures to facilitate capital inflows and stabilise the forex market.

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Economy makes 2013 a year to forget

New Delhi : Slowing growth and rising inflation marked 2013 which the country's economic managers would like to forget quickly in the hope that the new year will bring in new government and some good news. The growth rate continued to slide throughout the year despite desperate attempts by the government  SCOURCE

Take a leaf from VAT to get GST ...

Even as the implementation of the Goods and Services Tax (GST) looks like it’s going to flounder yet again, largely on concerns raised by states about potential loss of revenues, it might be pertinent to rewind back in time, when eight years ago, almost identical concerns nearly derailed the implementation of the value added tax or VAT. http://www.financialexpress.com/news/take-a-leaf-from-vat-to-get-gst-going/1198557

National Spot Exchange: FMC may probe NK Proteins conflict of interest

The ministry of consumer affairs may ask the Forward Markets Commission (FMC) to look into suspected conflict of interest between NK Proteins and the National Spot Exchange Ltd (NSEL) following complaints. Financial Technologies The complaints by people, who claimed to have visited the warehouses of NK Proteins, also remained skeptical about the stock positions at NSEL godowns, especially of castor seed, castor oil and cotton wash oil, a senior government official said on Monday. http://www.financialexpress.com/news/national-spot-exchange-fmc-may-probe-conflict-of-interest/1154524