Miscellaneous
New food park coming up in Kerala Kerala
Chief Minister Pinarayi Vijayan and Union Minister for Food Processing Industries Harsimrat Kaur Badal laid the foundation stone for a mega Rs 119.02-crore food processing park in Kanjikode near Paakkad last month. Kerala Industrial Infrastructure Development Corporation (KINFRA) is developing the food park with financial assistance from the Union government. Kerala would encourage food processing and value addition of agricultural products to help farmers get remunerative prices for their produce, noted Mr Vijayan. Ms Badal said that her ministry was focusing on boosting the food processing industry to facilitate doubling of farmers' income.
New rules for Capital Gains Tax exemption
The Income Tax Department has notified rules that exempt Capital Gains Tax on equity transactions. Accordingly, acquisition of equity shares by venture capital or investment funds, employee stock options, FDI by nonresident Indians and off market transactions in schemes approved by courts and regulators will continue to be exempt from Capital Gains Tax. However, entering into sham transactions - such as acquiring listed equity shares through a preferential issue in a company whose shares are not frequently traded or some off-market transactions - will attract Capital Gains Tax if Securities Transaction Tax (STT) is not paid on them.
Pune muni bond lists on BSE
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