Business

Foreign investors cry foul over Indian tax surprise

HONG KONG (Reuters) – US and European investor groups have called for the Indian government to urgently clarify its tax regime for foreigners, following surprise attempts by tax inspectors to claw back money they say is owed on years of previously untaxed gains.

Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver. It runs a website Kitco.com for gold news, commentary and market information.
Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver. It runs a website Kitco.com for gold news, commentary and market information.

Kitco Market Data

Gold Prices for the three day period ending Thursday April 2, 2015

David Dulal-Whiteway
David Dulal-Whiteway

Republic to buy Suriname bank

(Trinidad Express) Republic Bank (RBL) on Wednesday announced plans to acquire Suriname’s third largest bank, RBC Royal Bank Suriname NV, from the Royal Bank of Canada.

*Prices only represent the average Wholesale Farmgate and Retail Prices at the above mentioned markets and are NOT prices set by the Guyana Marketing Corporation or Ministry of Agriculture.

Stock market updates

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 609’s trading results showed consideration of $469,630 from 18,830 shares traded in 5 transactions as compared to session 608’s trading results, which showed consideration of $4,234,296 from 64,707 shares traded in 15 transactions.

Tracking the MSE Project

It has been two months since around 60 beneficiaries received grants totalling some $20 million under the Micro and Small Enterprises (MSE) Development and Building Alternative Livelihoods for Vulnerable Groups’ project.

This one Mommy!

This one Mommy! This single-minded young lady is not about to be distracted from her negotiations with a kite vendor on Camp street earlier this week ahead of Easter Monday’s traditional kite-flying activities

Lianne Fernandes-Sears

Lianne’s Cakes: Aiming to break into the ‘big time’

For Lianne Fernandes-Sears this year’s seventh annual Wedding Expo staged by the Roraima Group of Companies at its Duke Lodge Hotel in Kingston provided just the opportunity she was seeking to broaden the client base of an enterprise which, for the last five years, has been seeking to break into the mainstream market in what has become a highly competitive industry.

Hunting gold: Is our hinterland being carved up for the benefit of a few?

‘Landlordism’ strangling the mining sector

A Guyana Geology and Mines Commission (GGMC) Management and Systems Review undertaken in February and targeting the its Mines, Land Management and Geological Services Division has alluded to what a mining source has described as “evidence of outrageous irregularities” in the mining sector including a “tendency towards landlordism,” which the report says “has taken over the mining industry.”

Drug trafficking and our export markets

In relatively recent years—at least as far as we know—a range of our food exports have been used as conduits for the movement of illicit drugs to export markets, a practice that has begun to negatively affect the country’s reputation as a legitimate exporter.

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