excise duty

No customs, VAT on non-subsidised cooking gas: Chidambaram


September 21st, 2012 - 3:32 pm ICT by IANS
New Delhi, Sep 21 (IANS) Finance Minister P. Chidambaram Friday said the government would remove customs, excise duty and value-added tax (VAT) from the sale of non-subsidised cooking gas.Talking to ... Read more...

Posted in Business |

ITC quarterly net profit rises 20 percent


July 26th, 2012 - 4:18 pm ICT by IANS
New Delhi, July 26 (IANS) Conglomerate ITC Thursday posted a 20 percent rise in net profit at Rs.1,602 crore for the quarter ended June 30, driven primarily by branded packaged ... Read more...

Posted in Business |

Himachal to give free net books to 4,000 school toppers


July 18th, 2012 - 7:45 pm ICT by IANS
Shimla, July 18 (IANS) After Punjab and Uttar Pradesh, Himachal Pradesh also Wednesday announced it would give free net books to 4,000 topper students of Class X passing out ... Read more...

Posted in Uncategorized |

Akhilesh promises a new Agra


June 19th, 2012 - 2:44 pm ICT by IANS
Agra, June 19 (IANS) After a series of interactive sessions, Uttar Pradesh Chief Minister Akhilesh Yadav has given his nod for a slew of projects that will change the profile ... Read more...

Posted in Politics |

Car sales growth lowest in last seven months


June 11th, 2012 - 5:39 pm ICT by IANS
New Delhi, June 11 (IANS) Domestic passenger car sales recorded the slowest growth in the last seven months in May at 2.78 percent and stood at 1,63,229 units from 1,58,809 ... Read more...

Posted in Business |

Tripura demands roll back of oil price hike


May 24th, 2012 - 7:21 pm ICT by IANS
Agartala, May 24 (IANS) The ruling Left Front in Tripura Thursday demanded immediate withdrawal of the hike in petrol prices and organised demonstrations across the north eastern state to press ... Read more...

Posted in Politics |

PM hints at fuel price hike, stresses energy security


April 28th, 2012 - 9:41 pm ICT by IANS
Bathinda (Punjab), April 28 (IANS) Prime Minister Manmohan Singh Saturday hinted at an impending hike in fuel prices saying that there is need for such an exercise to balance ... Read more...

Posted in Business |

Gold traders on Akshaya Tritiya high


April 23rd, 2012 - 1:21 pm ICT by IANS
Kolkata, April 23 (IANS) Jewellery makers and gold traders are expecting good business this Akshaya Tritiya compared to last year as sales have picked up before the auspicious day ... Read more...

Posted in Life Style |

Auto industry welcomes rate cut


April 17th, 2012 - 7:58 pm ICT by IANS
New Delhi, April 17 (IANS) The Indian automobile industry, which struggled with a sluggish market last year due to high interest rates, Tuesday welcomed the Reserve Bank of India's ... Read more...

Posted in Business |

Food in art: Artists play with dynamics of gastronomy (With Images)


April 16th, 2012 - 2:36 pm ICT by IANS
New Delhi, April 16 (IANS) A plate of food and wine on the table is no longer mere gastronomy. It is high art of flavour, colour, textures, concepts, cultures, science ... Read more...

Posted in Uncategorized |

Jewellers end strike on promise of duty roll back


April 6th, 2012 - 4:37 pm ICT by IANS
New Delhi, April 6 (IANS) Jewellers across India Friday called off their 21-day strike after being assured of duty roll back from Finance Minister Pranab Mukherjee and Congress president ... 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 |

Lalu Prasad takes jewellers’ concerns to Mukherjee


April 5th, 2012 - 9:29 pm ICT by IANS
New Delhi, April 5 (IANS) A group of jewellers led by Rashtriya Janata Dal leader Lalu Prasad met Finance Minister Pranab Mukherjee Thursday to press their demand to roll ... Read more...

Posted in Business |

Government invites jewellers for talks


April 4th, 2012 - 9:13 pm ICT by IANS
New Delhi, April 4 (IANS) The government Wednesday said it will hold talks with jewellers who have been protesting for the last three weeks against the budgetary proposals to ... Read more...

Posted in Uncategorized |

Tax on gold amounts to taxing culture: Congress MP


April 4th, 2012 - 2:38 pm ICT by IANS
Panaji, April 4 (IANS) Finance Minister Pranab Mukherjee's move to tax gold has come in for criticism from Goa's Congress MP Shantaram Naik, who has said that a tax ... Read more...

Posted in Politics |

Kashmir Valley gold sellers on strike against excise duty


April 3rd, 2012 - 5:14 pm ICT by IANS
Srinagar, April 3 (IANS) Wholesale and retail gold traders of the Kashmir Valley continued their strike for the 16th day Tuesday against the excise duty hike on branded and ... Read more...

Posted in National |

Excise duty hike pushes auto sales up in March (Roundup)


April 2nd, 2012 - 8:06 pm ICT by IANS
New Delhi/Chennai, April 2 (IANS) The Indian automobile sector Monday reported healthy sales numbers for March as customers rushed to buy vehicles ahead of a price hike after the ... Read more...

Posted in Business |

Toyota Kirloskar logs 87 percent sales growth in March


April 2nd, 2012 - 12:17 am ICT by IANS
Chennai, April 1 (IANS) Indo-Japanese car venture Toyota Kirloskar Motor Pvt Ltd closed March with sales of 18,220 units, logging a growth of 87 percent over the comparable period the ... Read more...

Posted in Business |

Tax hikes to hit household budgets


April 1st, 2012 - 6:45 pm ICT by IANS
New Delhi, April 1 (IANS) Household budgets will be hit hard as the two percent increase in service tax and excise duty contained in the budget for 2012-13 came ... Read more...

Posted in Business |

Pranab urges jewellers to call off shutdown


March 31st, 2012 - 9:56 pm ICT by IANS
Kolkata, March 31 (IANS) Union Finance Minister Pranab Mukherjee Saturday urged jewellers to call off their strike as he is reconsidering the matter of imposing excise duty on unbranded ... Read more...

Posted in Business |

UP jewellers protest duty hike


March 31st, 2012 - 2:43 am ICT by IANS
Lucknow, March 31 (IANS) Business across the state was crippled Friday as jewellers in Uttar Pradesh observed a shutdown in protest of the central government's decision to hike excise, ... Read more...

Posted in Business |

Chhattisgarh shutdown against hiked excise duty on gold


March 30th, 2012 - 10:36 pm ICT by IANS
Raipur, March 30 (IANS) A daylong shutdown Friday, called by gold traders and backed by various trade bodies, against the central government's decision of hiking excise duty on gold ... Read more...

Posted in Business |

Jewellers resume shutdown in Bengal, demand rollback of excise duty


March 29th, 2012 - 12:10 am ICT by IANS
Kolkata, March 28 (IANS) Jewellers and artisans across West Bengal resumed their indefinite shutdown from Wednesday, demanding rollback of excise duty on unbranded jewellery proposed by union Finance Minister ... Read more...

Posted in Business |

JD-U suggests chief ministers’ meet to rationalise central schemes


March 27th, 2012 - 10:23 pm ICT by IANS
New Delhi, March 27 (IANS) The Janata Dal-United Tuesday called for a meeting of chief ministers to rationalise the central schemes as allies of the government and opposition parties ... Read more...

Posted in Politics |

Rich taxed, common man spared in Karnataka budget


March 21st, 2012 - 2:43 pm ICT by IANS
Bangalore, March 21 (IANS) Smoking, chewing tobacco and drinking will be more expensive while ready-to-eat chapatis and paranthas will be cheaper in Karnataka from April.Presenting a revenue surplus budget ... Read more...

Posted in Business |

‘Budget may not check diesel subsidy misuse’


March 17th, 2012 - 6:49 pm ICT by IANS
New Delhi, March 17 (IANS) The union budget has failed to take steps to stop the misuse of diesel subsidy by private cars, said advocacy organisation Centre for Science ... Read more...

Posted in Business |

Committed to the reforms process: Pranab


March 17th, 2012 - 4:24 pm ICT by IANS
New Delhi, March 17 (IANS) A day after presenting the federal budget for next fiscal, which mostly got negative reviews from analysts and commoners, Finance Minister Pranab Mukherjee said ... Read more...

Posted in Business |

RBI, budget big let down for Indian markets (Weekly market review)


March 17th, 2012 - 2:50 pm ICT by IANS
Mumbai, March 17 (IANS) Indian equities markets closed on a quiet note as several key events like the monetary policy and the federal budget failed to enthuse investors.The 30-scrip ... 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 |

Hike in import duty on gold: Jewellers body calls for shutdown


March 16th, 2012 - 11:28 pm ICT by IANS
Kolkata, March 16 (IANS) The All India Gems and Jewellery Trade Federation Friday called for a country-wide shutdown March 17 to protest against the government's budget proposal to increase ... Read more...

Posted in Business |

Health budget ‘reassuring’, welcomed by industry


March 16th, 2012 - 11:25 pm ICT by IANS
New Delhi, March 16 (IANS) The healthcare industry Friday welcomed Finance Minister Pranab Mukherjee's announcement reducing excise duty on life saving drugs and emphasis on preventive health check-ups."The budget ... Read more...

Posted in Uncategorized |

Budget allows airlines to access foreign funds (Second Lead)


March 16th, 2012 - 9:49 pm ICT by IANS
New Delhi, March 16 (IANS) In a bid to address concerns of the cash-strapped Indian civil aviation sector, Finance Minister Pranab Mukherjee said Friday domestic airlines could borrow up ... Read more...

Posted in Business |

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 |

Some positives in budget, says India Inc; displeased with taxes


March 16th, 2012 - 9:40 pm ICT by IANS
New Delhi, March 16 (IANS) The budget for 2012-13 elicited mixed response from India Inc Friday, with some appreciating the government's efforts at fiscal consolidation and incentivising growth while others ... Read more...

Posted in Business |

Budget will fuel inflation: Naveen Patnaik


March 16th, 2012 - 9:19 pm ICT by IANS
Bhubaneswar, March 16 (IANS) The budget for 2012-13 presented Friday by Finance Minister Pranab Mukherjee will fuel inflation and hurt the masses, Odisha Chief Minister Naveen Patnaik said.Describing the ... Read more...

Posted in Politics |

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