excise duties

Russia may raise duties on beer


August 1st, 2012 - 12:03 am ICT by IANS
Moscow, July 31 (IANS/RIA Novosti) Excise duties on beer could be increased in Russia in view of the rising "beer alcoholism" in the country, said President Vladimir Putin Tuesday, but ... Read more...

Posted in Politics |

Vodka prices set for 30 percent hike in Russia


May 30th, 2012 - 2:32 pm ICT by IANS
Moscow, May 30 (IANS/RIA Novosti) Russia, a country of vodka drinkers, will increase the minimum price of the drink by around 30 percent this year.According to a draft resolution prepared ... Read more...

Posted in Business |

Petrol price hike: Left calls for strike in Tripura


May 27th, 2012 - 4:43 pm ICT by IANS
Agartala, May 27 (IANS) The Communist Party of India-Marxist (CPI-M)-led ruling Left Front in Tripura has called for a 12-hour shutdown in the state Thursday to protest the petrol price ... Read more...

Posted in Politics |

Russia to raise liquor, cigarette tax


April 29th, 2012 - 11:45 am ICT by IANS
Moscow, April 29 (IANS/RIA Novosti) Russia, a country of vodka drinkers, may raise tariffs on hard liquor to about 20 percent a litre by 2015, according to a draft tax ... Read more...

Posted in Business |

Pranab, jewellers to discuss contentious new levies


April 5th, 2012 - 11:32 pm ICT by IANS
Mumbai, April 5 (IANS) In an effort to break the deadlock over the recent hike in duties affecting the gems and jewelery industry, Union Finance Minister Pranab Mukherjee will ... Read more...

Posted in Business |

Budget will fuel inflation: CPI-M


March 19th, 2012 - 6:53 pm ICT by IANS
New Delhi, March 19 (IANS) The union budget of 2012-13 will result in "all-round price rise and the imposition of greater burdens on the working people", the CPI-M said Monday."The ... Read more...

Posted in Business |

In stormy times, opposition, SP slam budget (Lead)


March 17th, 2012 - 12:22 am ICT by IANS
New Delhi, March 16 (IANS) Finance Minister Pranab Mukherjee's Budget for 2012-13 was Friday roundly criticised by the Bharatiya Janata Party, the Left, the Bahujan Samaj Party (BSP) and ... Read more...

Posted in Politics |

In stormy times, opposition slams budget


March 16th, 2012 - 9:49 pm ICT by IANS
New Delhi, March 16 (IANS) The Bharatiya Janata Party, the Left and the Bahujan Samaj Party (BSP) ganged up Thursday to blast the Union Budget and warring ally Trinamool ... Read more...

Posted in Politics |

‘Budget ineffective, clerical; will burden common man’ (Second Lead)


March 16th, 2012 - 4:52 pm ICT by IANS
New Delhi, March 16 (IANS) The Left parties Friday termed the budget for 2012-13 "clerical" and "ineffective" and said it would increase the burden on the common man."It is ... Read more...

Posted in Politics |

Growth should be given priority in budget: CII


January 22nd, 2012 - 12:45 pm ICT by IANS
New Delhi, Jan 22 (IANS) Finance Minister Pranab Mukherjee should give priority to measures that would boost growth and help curb fiscal deficit in the union budget for 2012-13, ... Read more...

Posted in Business |

Petrol costlier in India than in neighbours, US


November 29th, 2011 - 8:22 pm ICT by IANS
New Delhi, Nov 29 (IANS) Petrol costs more in India when compared to neighbouring countries like Pakistan, Bangladesh, Sri Lanka and is even dearer than what is charged in the ... Read more...

Posted in Business |

Government to introduce mining bill next parliament session


September 30th, 2011 - 3:56 pm ICT by IANS
New Delhi, Sep 30 (IANS) Seeking to attract investment and technology for the mining sector, the cabinet Friday approved a draft bill for development and regulation of mines and ... Read more...

Posted in Business |

Government compelled to hike fuel price: Reddy


August 4th, 2011 - 8:30 pm ICT by IANS
New Delhi, Aug 4 (IANS) The United Progressive Alliance government Thursday defended its recent decision to hike prices of diesel, cooking gas and kerosene, saying it was compelled to ... Read more...

Posted in Politics |

No need to revise fiscal deficit target: Pranab


July 5th, 2011 - 5:50 pm ICT by IANS
New Delhi, July 5 (IANS) The government will stick to its fiscal deficit targets despite loss of revenue due to reduction in levies on petroleum products following the recent ... Read more...

Posted in Business |

Shutdown in Tripura Monday over hiked fuel prices


June 25th, 2011 - 8:49 pm ICT by IANS
Agartala, June 25 (IANS) The Communist Party of India-Marxist (CPI-M)-led ruling Left Front in Tripura Saturday called for a 12-hour shutdown in the state Monday to protest against the hike ... Read more...

Posted in Politics |

Diesel, kerosene and cooking gas price hiked; common man, opposition angry (Roundup)


June 25th, 2011 - 12:51 am ICT by IANS
New Delhi, June 24 (IANS) After last month's steep petrol price hike, the common man now will have to suffer an increase in the prices of diesel, kerosene and ... Read more...

Posted in Business |

Sensex surges 623 points on budget proposals (Roundup)


March 1st, 2011 - 7:55 pm ICT by IANS
Mumbai, March 1 (IANS) A benchmark index for Indian equities markets surged 623 points Tuesday, a day after the presentation of the budget for 2011-12, as investor sentiment was particularly boosted ... Read more...

Posted in Business |

Relief for cinema industry as film rolls gets duty rebate


February 28th, 2011 - 8:18 pm ICT by IANS
New Delhi, Feb 28 (IANS) Finance Minister Pranab Mukherjee Monday sought to give relief to the Indian film industry by proposing to exempt some basic raw material that has to be ... Read more...

Posted in Entertainment |

Sources and application of federal budget money


February 28th, 2011 - 7:41 pm ICT by IANS
New Delhi, Feb 28 (IANS) Here's a look at where Finance Minister Pranab Mukherjee expects the money to come from to fund his Rs.12.58 lakh crore (Rs.12.58 trillion or $280 billion) ... Read more...

Posted in Business |

Budget sops welcomed by young and old alike


February 28th, 2011 - 7:02 pm ICT by IANS
New Delhi, Feb 28 (IANS) Raising the income tax exemption limit to Rs.1.8 lakh, lowering the threshold age for senior citizens to 60 and creating a special income tax category for ... Read more...

Posted in Business |

Rising input costs a major worry, says industry lobby


February 22nd, 2011 - 7:46 pm ICT by IANS
New Delhi, Feb 22 (IANS) The rising input costs and the possibility of high food inflation spilling into other sectors like manufacturing could lead to a slowdown in the industrial output ... Read more...

Posted in Business |

No alternative to petrol price hike: Deora


January 17th, 2011 - 11:04 pm ICT by IANS
New Delhi, Jan 17 (IANS) A day after petrol prices were hiked by about four percent, Petroleum Minister Murli Deora said Monday that there was no alternative but to do so ... Read more...

Posted in Business |

Indirect tax mop-up surges 44.4 percent in six month


October 14th, 2010 - 5:05 pm ICT by IANS
New Delhi, Oct 14 (IANS) Indirect tax collection rose 44.4 percent to Rs.1,50,686 crore in the first six months of the current fiscal, led by an almost 67 percent increase in ... Read more...

Posted in Business |

Food processing industry continues to get tax sops


September 28th, 2010 - 8:38 pm ICT by IANS
New Delhi, Sep 28 (IANS) The central government will continue to provide exemptions and rationalise tax structure for food processing units to boost its growth, it was announced Tuesday. Food processing units ... Read more...

Posted in Business |

Alcohol unaffected by recession in Russia


September 18th, 2010 - 8:13 am ICT by IANS
Moscow, Sep 18 (IANS) Production of alcohol such as vodka, beer and wine in Russia has not been affected by the global economic crisis, according to the federal statistics bureau Rosstat. Manufacturers in ... Read more...

Posted in Business |

April-July indirect tax collections rise 46 percent


August 12th, 2010 - 9:29 pm ICT by IANS
New Delhi, Aug 12 (IANS) Indirect tax collection increased by 46.2 percent during the first four months of this financial year, boosted by a sharp jump in the collection of custom duties. ... Read more...

Posted in Business |

CBI to take tainted bureaucrat, 5 others to Daman


May 3rd, 2010 - 8:30 pm ICT by IANS
New Delhi, May 3 (IANS) A city court Monday granted the Central Bureau of Investigation (CBI) a transit remand of a senior home ministry official and five others for taking them to ... Read more...

Posted in Business |

Bureaucrat held for graft sent to CBI custody (Lead)


April 29th, 2010 - 9:39 pm ICT by IANS
New Delhi, April 29 (IANS) A court Thursday ordered a five-day Central Bureau of Investigation (CBI) custody for an Indian Administrative Service (IAS) officer arrested for corruption along with three excise officers ... Read more...

Posted in Uncategorized |

Senior bureaucrat, excise officials arrested for graft


April 29th, 2010 - 5:49 pm ICT by IANS
New Delhi, April 29 (IANS) A 1983 batch Indian Administrative Service (IAS) officer, three excise officers and two others have been arrested on charges of corruption, fraud and criminal conspiracy, which caused ... Read more...

Posted in Uncategorized |

Senior home ministry official booked for fraud


April 28th, 2010 - 10:55 pm ICT by IANS
New Delhi, April 28 (IANS) A senior Indian Administrative Service (IAS) officer and some excise officials have been booked for causing a loss of Rs.340 crore to the exchequer in connivance with ... Read more...

Posted in Uncategorized |

Thousands of Left activists, leaders court arrest in Tripura (Lead)


April 8th, 2010 - 10:27 pm ICT by IANS
Agartala, April 8 (IANS) Over 171,000 leaders and activists of the Left Front Thursday courted arrest in Left-ruled Tripura as part of their nation-wide "jail bharo"(fill the jails) agitation demanding a curb ... Read more...

Posted in Business |

Thousands of Left activists court arrest in Tripura


April 8th, 2010 - 7:49 pm ICT by IANS
Agartala, April 8 (IANS) Over 150,000 people, including senior Left Front leaders, Thursday courted arrest in left-ruled Tripura as part of their nation-wide "jail bharo" (fill the jails) agitation in support of ... Read more...

Posted in Business |

Cut motion if fuel duties hike not withdrawn: CPI-M


March 26th, 2010 - 9:18 pm ICT by IANS
New Delhi, March 26 (IANS) Terming the 2010-11 budget presented by Finance Minister Pranab Mukherjee as of a "pro-big business" and a "pro-rich" orientation, the Communist Party of India-Marxist (CPI-M) Friday ... Read more...

Posted in Politics |

Growth will pick up by this fiscal end, says Pranab (Lead)


March 3rd, 2010 - 10:10 pm ICT by IANS
New Delhi, March 3 (IANS) Finance Minister Pranab Mukherjee Wednesday said that economic growth would pick up in the last quarter of this fiscal and the dip in the third quarter ... Read more...

Posted in Business |

CPI-M slams PM refusal to roll back fuel price hike


March 3rd, 2010 - 2:07 pm ICT by IANS
New Delhi, March 3 (IANS) The Communist Party of India-Marxist (CPI-M) Wednesday said the government's refusal to roll back the fuel price hike "reflects a flawed economic thinking and insensitivity to ... Read more...

Posted in Business |

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