Thursday, July 8, 2010



On Tuesday closed below 5250 level, dragged by oil & gas, financial, metal, auto, realty and select infrastructure companies' shares. This pull down was mainly led by negative global cues. 
The government on Tuesday took a tentative step towards opening up the organised retail sector to foreign companies but steered clear of suggesting a specific investment cap.

15.5% rise in Direct Tax colleciton in Q1FY11.

* Direct tax collection (DTC) has jumped 15.49% at Rs 68,675 crore in Q1FY11.

* Corporate taxes registered a growth of 21.65% at Rs 43,439 crore during the same period.

* Personal income tax was up by only a marginal 1.24% at Rs 26,876 crore.

* Corporate Advance Tax which has been fastest since 2005 shot 31.4% at Rs 26,876 crore.

* Securities Transaction Tax was up 25.21% in Q1FY11.

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