DOWNLOAD PDF1. Government has decided to extend the excise duty cuts till Dec 31 2014 and approved setting up of Chinese industrial park in India. Excise duty cuts will boost the demand for goods which will increase revenues for the government.
2. Appointment of S. Gopal Subramanium as Supreme Court judge has been deferred by government following which he withdrew his consent for the appointment. S. Gopal Subramanium served as a Solicitor General during UPA regime.
3. India has been placed in 'International Piracy Watchlist' by US indicating unfavourable environment for protecting intellectual property rights in India. It highlighted incidences of software piracies, use of unlicensed softwares by enterprises, camcording piracies and lack of procedure to take down online piracies.
4. RBI has earlier asked all banks to remit unclaimed deposits to Depositor Education and Awareness Fund(DEAF). Today, it has indicated that the interests on these unclaimed deposits will be payable from the day of transfer to the DEAF. Unclaimed deposits are those which are not operated or remained unclaimed for more than 10 years.
5. According to UNCTAD' s 'World Investment Report' on transnational corporations, India has slipped to fourth position as being fourth favoured investment destination for 2014-2016. China, US, Indonesia are ranked first, second and third respectively.
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