NATIONAL VAT makes computers, software cheaper in Karnataka Karnataka Government has brought down the tax rates for computer software and IT products to four per cent under the new VAT regime effective from April.
BSE: Market reacts negatively; down by 54 points The stocks market reacted negatively after early signs of buoyancy and ended today (Mar 11, 2005) with a fall of 54 points in lacklustre activity on profit-taking by operators despite sustained FII inflows.
TRAI cuts int'l bandwidth prices by upto 70 pc Telecom regulator, Telecom Regulatory Authority of India (TRAI) today (Mar11, 2005) announced a major reduction in the international bandwidth prices by upto 70 per cent and as a result ISD tariffs may come down besides reduction in tariffs of Internet and broadband services.
K'taka allocates Rs 95 cr for B'lore Int'l airport Karnataka has provided Rs 95 crore as State support for the proposed International airport at Devanahalli, while earmarking Rs 109 crore for the proposed Metro rail project in Bangalore.
Karnataka for VAT regime, presents pro-rural Budget Waiver of interest and penal interest on cooperative farm loans, switchover to the Value Added Tax (VAT) regime and increased allocation to agriculture, health and rural development have been proposed in the Karnataka budget for 2005-06.
Inflation to be lower than estimated 6.5 pc: RBI Reserve Bank of India (RBI) today (Mar 11, 2005) said that inflation for the 2004-05 would be lower than estimated 6.5 per cent and the economic growth will be higher than projected 6-6.5 per cent.
BSE: Sensex opens firm, continues upward march The Sensex continued its upward march after opening on a firm note in an otherwise cautious activity during morning trading today (Mar 11, 2005) on the Bombay Stock Exchange (BSE) even as Foreign Institutional Investors (FIIs) remained strong buyers in the equities.
