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Govt may raise excise, service tax rates in Budget: Deloitte
International accounting and consulting firm Deloitte expects that the Indian government will increase excise duty and service tax rates in the upcoming Budget to harmonise them with the proposed Goods and Services tax, which is scheduled to be introduced from next fiscal.

GST Task Force advice differs from that of ministerial panel
As is now well known, the Task Force appointed by the Thirteenth Finance Commission, Government of India, has issued a report on December 15, 2009 detailing the recommendations on various issues relating to the design and implementation of the proposed GST in India.

News of the day

JD Salinger: An unpublished life
I read Catcher in the Rye again after 21 years… I wanted to understand the nature of JD Salinger’s hold on the teenager who lives on in my middle-aged heart… I think people go back to prison again and again because they find out how easy it is to live behind walls. If you mind your own business, and fight just enough to establish your own space, people don’t bother you much. There’s plenty of time to read and brood; all in all, not a bad place for ducks to spend the winter.”
Management

Krishna for expedited probe into assaults; speaks to Aussi FM

Concerned over the continuous assaults on Indians in Australia, External Affairs Minister S M Krishna today spoke to his Australian counterpart asking him to expedite the investigations in these incidents. - Australia asks Indian media to "wait for full facts" - Indian set ablaze in Melbourne... - Highlights of international news for the week - Indian-origin man set on fire in Melbourne - Ku Klux Klan cartoon in Indian paper angers Australia - Krishna tells Aussie envoy of security expectations "I spoke to the Foreign Minister of Australia. I have drawn his attention to the increasing assault, some of them fatal, on Indian students. And I have requested him to expedite the investigation so that the culprits can be brought to justice," Krishna told reporters here. The minister also discussed the status of the investigations going-on in these cases, besides conveying the concern of the country over these assaults. According to the sources, the minister also raised concern over the nature of these assaults as contrary to the "opportunistic urban crime", as being maintained by the Australian authorities, nothing seems to be stolen during the attacks, indicating they might be racially motivated.


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