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    • PM sets up committee to frame GAAR guidelines by Sept 30

      Within a fortnight of the Finance Ministry issuing draft guidelines on GAAR, Prime Minister Manmohan Singh today set up a committee to prepare fresh norms on the controversial tax provision to bring "greater clarity" and prepare a roadmap by September 30 for its implementation.

    • Banks warn over latest India tax scare

      Asian investment banks fear that a tax provision in India's incoming finance bill will lead foreign investors to withdraw from the country's stock markets and have written directly to Pranab Mukherjee, finance minister, urging him to intervene.

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