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Govt of India cancels licenses of nearly 9,000 NGOs

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New Delhi- Centre has cancelled the licences of around 9,000 non governmental organizations for failing to file annual returns for the years 2009-10, 2010-11 and 2011-12. In an order, the Ministry of Home Affairs said, the registration of the NGOs that had neither filed their annual returns for three years nor given any explanation for the delay, stood cancelled with immediate effect. Home Ministry has also directed the district magistrate concerned to manage the assets..

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India assures business friendly environment for foreign investors

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New Delhi-Indian Finance Minister Mr Arun Jaitley  made it clear that retrospective tax will not be imposed and that taxation policy has to be "non-adversarial".Addressing in New Delhi,FM said that the Taxation process has to be simpler to increase tax buoyancy.Arun Jaitle added that corporate tax structure has to be globally competitive and that is why the government has proposed to reduce it from 30 to 25 per cent in this year's...

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