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The process of Budget 2008-09 has kicked-off with industry chambers bringing in their suggestions to the finance ministry. In a pre-Budget meeting with revenue secretary PV Bhide on Thursday, Federation of Indian Chambers of Commerce & Industry (Ficci) asked for a reduction in corporate tax and personal income tax rate to 25% and abolish dividend distribution tax and minimum alternative tax. The …

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Finance Minister Jim Flaherty is considering bringing in measures to provide relief to Canada’s manufacturing industry, which is feeling the effects of the high dollar.

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Finance Minister Jim Flaherty said Friday he may be preparing some relief for the country’s hard-hit manufacturing sector in the next federal budget.

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The Canadian dollar slipped against the U.S. dollar in thin trading on Friday, after Finance Minister Jim Flaherty acknowledged that the high Canadian dollar was causing pain in the manufacturing sector.

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Finance Minister urges ?grumpy’ mayors to spend less after facing sharp criticism for his reluctance to boost infrastructure funding

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There are probably a million ways Jerry Mika could spend $2 million dollars. Trouble is, he couldn’t cash the check. Expecting a $15 refund from the Utah Department of Commerce, the Draper man opened his mail recently to find a $2,245,342 check. “I kept trying to find a way to make it legitimate so I could cash it,” he said.

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(RTTNews) – Friday, the Ministry of Commerce and Industry released the inflation data for the week ended November 10, 2007. As per statement, India’s inflation for the reported week dropped to a five-year low at 3.01%, compared to 3.11% in the previous week.

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The demand of the textile industry regarding sops and incentives could get favourable consideration shortly. A note from the secretary of finance, containing the size of the relief package, is already with the government awaiting approval.

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Finance Minister P Chidambaram has so far given three packages to exporters aggregating Rs 5,200 crore (Rs 52 billion) as the $160 billion export target for 2007-08 appears difficult to meet. He has expressed hope that exports target would be met. Palanimanickam said government was already providing 100 per cent tax benefits on profit on exports apart from indirect tax incentives.

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OSHAWA, Ontario (Reuters) – Finance Minister Jim Flaherty said on Friday he was pleased to see the Canadian dollar back at what he called a more reasonable range after a spell where it rose as high as US$1.10.

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