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Mamata's gratitude
Mamata Banerjee is so impetuous that it is hard to fathom her. A lady member of the Planning Commission recently cleared some railway projects. After that, she had gone to the prime minister, when she ran into Banerjee. Banerjee walked up to her and gave her a big hug. “Thank you for clearing my projects,” she said to the member, who was completely bemused.

Biscuit makers say they may be forced to raise prices
Rising sugar prices are pushing biscuit manufacturers to plan a rise in their prices. The industry says commodity prices have reached a level beyond which it would be impossible to sustain the pressure and there is no other choice but to pass some of it on to consumers.

News of the day

The wrong track
When reporters asked former Railway Minister Lalu Prasad for a reaction on why his successor Mamata Banerjee was trying to mock his work by bringing out her White Paper, he asked, “Do you know any tantric? I need to consult one.” As the reporters wondered why the RJD chief needed a tantric, Prasad added, “I think there is something wrong with the time of my birth. Earlier, I faced this fodder scam and now people are after me for unnecessary reasons.
International Business

UP Inc wants withdrawal of stamp duty notification

Uttar Pradesh Inc has demanded the stamp duty on registration of industrial plots be charged on sale cost/premium lease basis and not on market value/circle rate of the land as notified recently. - EEPC seeks central support to reverse decline in exports - Chandigarh fastner units for uniform MSMED Act - MSME task force may suggest changes in procurement policy - Central Bank, Ipicol ink pact for Rs 25,000 crore funds - Proposed Base Rate likely to benefit MSME exporters: FIEO - Sebi norms on SME exchange soon The state tax and registration notification, to be effective from December 12, stated that the stamp duty being levied on the basis of sale cost/premium lease of industrial plot would in future be levied on the basis of market value/circle rates of the land. The industry has warned if the above notification is implemented, industrialists will have to pay more for the purchase of plots, as stamp duty, when calculated on market value, would be very high compared with the one calculated on the basis of sale cost or premium lease. “This will discourage entrepreneurs and development will suffer,” MSME chamber Indian Industries’ Association president Anil Gupta said.


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