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Monday, July 26, 2010
Copper registers strong weekly gains
Prices erase earlier losses at LME to end higher for fifth straight day
Copper prices ended higher for fifth straight day at Comex on Friday, 23 July 2010. Steady dollar, better than expected report on the housing front during the week and strong earning reports led to higher metal prices on Friday.
Punj Lloyd
Investors with medium-term perspective can consider selling the stock of infrastructure player Punj Lloyd (Rs 134.6). The company operates in the oil and gas pipeline sector besides building roads and civil structure.
GST - FAQ
HOW WILL THE GST WORK?
The GST is an indirect tax that would replace existing levies such as excise duty, service tax, and value-added tax (VAT).
Both the states and the federal government would impose the tax on almost all goods and services produced in India or imported. Exports would not be subject to GST.
For the first two years of operation, the proposal is for two rates both at the central and state levels, converging to a single rate in the third year.
Producers would receive credits for tax paid earlier, which would eliminate multiple taxation on the same product or service.
Direct taxes, such as income tax, corporate tax and capital gains tax would not be affected.
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