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Rationalise turnover tax: Gems & jewellery sector
The move will encourage setting up of diamond bourses.

Taxing P-Notes on back burner
This follows a renewed effort by CBDT to seek clarification on the issue.

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Nathwani speaks on Ambanis' gas row; says he's linked to RIL
Declaring his association with Mukesh Ambani-led Reliance Industries (RIL), Rajya Sabha MP Parimal Nathwani today said the Ambani brothers" agreement provided for government approval of gas price and that RIL had not breached its terms.
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Ultra Motor launches two electric scooters

Two-wheeler maker Ultra Motor Company today launched two new electric scooters priced between Rs 28,300 and Rs 31,900 (ex-showroom, Delhi). Markets extend losses in noon trades While Ultra Shakti is designed for hilly terrains, Ultra Fun is easy to ride because of its height, size and weight and targetted at women among others, it added. "The launch of these two models is in continuation of our vision of creating a new transportation movement," UMC Chief Executive Officer K K Bhan said. UMC has a retail network of over 175 exclusive dealerships across 17 states and in over 130 cities in the country.


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