new delhi on the occasion of the pravasi bharatiya divas celebrations the finance ministry announced that people migrating out of india will no longer need an incometax clearance certificate the change in the income tax act is in accordance with suggestions made by the kelkar task forceaccording to the ministry any person who is not domiciled in india or who is domiciled in india at the time of his depature but intends to leave india as an emigrant or intends to proceed to another country on a work permit will not need a tax clearance certificate margins have deteriorated for a big part of corporate india on account of a rise in commodity prices the good news is that it is coming off ajay tyagi head of equities uti asset management company tells et wealthis the market unable to read the unfolding economic environmentthere are multiple factors at play which i believe would lead the market to trade in a narrow range for a few more quarters first is valuations our long term