finance minister

India cuts tax on overseas borrowings (Lead)


September 21st, 2012 - 8:34 pm ICT by IANS
New Delhi, Sep 21 (IANS) In yet another move to draw in international capital, the Indian government Friday reduced tax on overseas borrowings by domestic companies to five percent from ... Read more...

Posted in Business |

Rajiv Gandhi Equity Scheme opened to investments through ETFs and MFs


September 21st, 2012 - 7:38 pm ICT by IANS
New Delhi, Sep 21 (IANS) To boost retail investments in capital markets, the government Friday approved the Rajiv Gandhi Equity Scheme (RGES) under which first time investors with an ... Read more...

Posted in Business |

FDI marks countdown for UPA: BJP


September 21st, 2012 - 5:51 pm ICT by IANS
New Delhi, Sep 21 (IANS) A day after the government notified the decision to allow foreign equity in multi-brand retail, the BJP Friday said it marked the beginning of the ... Read more...

Posted in Politics |

India lowers taxes on overseas borrowings


September 21st, 2012 - 3:48 pm ICT by IANS
New Delhi, Sep 21 (IANS) The government Friday reduced tax on overseas borrowings by domestic companies to five percent from 20 percent so that local companies could easily raise funds ... Read more...

Posted in Business |

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 |

(Vodafone willing to discuss tax demand (Lead, superseding previous story)


September 21st, 2012 - 12:40 am ICT by IANS
New Delhi, Sep 20 (IANS) Britain-based telecom service provider Vodafone Thursday said it was willing to discuss a tax demand of Rs.11,000 crore but remained non-commital on paying a lesser ... Read more...

Posted in Business |

SC to resume hearing of 2G related matters Sep 27


September 20th, 2012 - 10:36 pm ICT by IANS
New Delhi, Sep 20 (IANS) The Supreme Court said Thursday that after a "long hiatus" it would resume the hearing of 2G related matters from Sep 27 and continue proceedings ... Read more...

Posted in Business |

Strike hits key sectors, industry puts loss at $2.2 billion (Roundup)


September 20th, 2012 - 9:25 pm ICT by IANS
New Delhi, Sep 20 (IANS) Economic and business activities across India was hit Thursday causing an estimated loss of around Rs.12,500 crore ($2.25 billion), a leading industry lobby said.The one-day ... Read more...

Posted in Business |

Brazil’s economy growing again, says finance chief


September 20th, 2012 - 11:47 am ICT by IANS
Paris, Sep 20 (IANS/EFE) The Brazilian economy is accelerating after a slow first half of 2012 and will remain on a growth trajectory, the country's finance minister said Wednesday in ... Read more...

Posted in Business |

We are not a one-man show: AITA


September 19th, 2012 - 7:55 pm ICT by IANS
New Delhi, Sep 19 (IANS) The All-India Tennis Association (AITA) Wednesday refuted claims made by Mahesh Bhupathi that it was a one-man organisation with president Anil Khanna calling all the ... Read more...

Posted in Sports |

No going back on quitting UPA: Mamata (Lead)


September 19th, 2012 - 7:35 pm ICT by IANS
Kolkata, Sep 19 (IANS) Giving firm indication that she was not ready for a compromise on her decision to quit the UPA government, Trinamool Congress chief Mamata Banerjee Wednesday stuck ... Read more...

Posted in Uncategorized |

NSE starts SME platform with first listing Thejo Engineering


September 18th, 2012 - 7:49 pm ICT by IANS
New Delhi, Sep 18 (IANS) The National Stock Exchange (NSE) Tuesday began operating its SME platform, EMERGE, and Thejo Engineering became the first company to got listed in the segment.Finance ... Read more...

Posted in Business |

BJP MPs walk out of 2G JPC meet (Lead)


September 18th, 2012 - 3:49 pm ICT by IANS
New Delhi, Sep 18 (IANS) BJP members of a parliamentary panel probing the 2G spectrum allocation walked out a meeting Tuesday against the chairman's refusal to call Prime Minister Manmohan ... Read more...

Posted in Politics |

More steps soon for fiscal consolidation: Chidambaram


September 17th, 2012 - 11:24 pm ICT by IANS
New Delhi, Sep 17 (IANS) The government will take more steps in coming months to ensure fiscal consolidation and boost economic growth, Finance Minister P. Chidambaram said Monday.Talking to reporters ... Read more...

Posted in Business |

Rs.17,000 crore released into banking system; retail interest rates expected to fall (Roundup)


September 17th, 2012 - 11:22 pm ICT by IANS
Mumbai, Sep 17 (IANS) The Reserve Bank of India (RBI) Monday kept key interest rates unchanged, but cut the cash reserve ratio (CRR) releasing Rs.17,000 crore into the banking system ... Read more...

Posted in Business |

No rollback of diesel price hike, FDI in retail: Chidambaram


September 17th, 2012 - 11:22 pm ICT by IANS
New Delhi, Sep 17 (IANS) Finance Minister P. Chidambaram Monday said the government would not rollback its decision to allow foreign direct investments (FDI) in multi-brand retail and the hike ... Read more...

Posted in Business |

SC frowns on delay in income tax department appeals (Lead)


September 17th, 2012 - 11:22 pm ICT by IANS
New Delhi, Sep 17 (IANS) The Supreme Court Monday asked the government to streamline the Income Tax (I-T) Department's working to check delays in challenging adverse verdicts related to tax ... Read more...

Posted in Business |

Bengal’s credit-deposit ratio to surpass national average: Mitra


September 17th, 2012 - 11:21 pm ICT by IANS
Kolkata, Sep 17 (IANS) The credit-deposit ratio in West Bengal's banks is expected to surpass the all-India average within two years, state Finance Minister Amit Mitra said Monday."I hope that ... Read more...

Posted in Business |

Coal India to invest Rs.40,000 crore in 12th Plan


September 12th, 2012 - 9:53 pm ICT by IANS
New Delhi, Sep 12 (IANS) State miner Coal India Ltd (CIL) said Wednesday the company was committed to investing Rs.40,000 crore in the 12th Plan period (2012-17)."Capital investment plan for ... Read more...

Posted in Business |

Congress core group meets over fuel price hike


September 11th, 2012 - 10:58 pm ICT by IANS
New Delhi, Sep 11 (IANS) A day after Congress chief Sonia Gandhi returned from abroad following a medical check up, the party's core group met here Tuesday to discuss ... Read more...

Posted in Politics |

Shinde to consult states on contentious issues like NCTC


September 10th, 2012 - 9:00 pm ICT by IANS
New Delhil, Sep 10 (IANS) Conscious of the contentious nature of Telangana statehood issue and plans for the national anti-terror hub, Home Minister Sushilkumar Shinde Monday steered clear of ... Read more...

Posted in Politics |

PM’s assets around Rs.10.73 crore


September 9th, 2012 - 7:05 pm ICT by IANS
New Delhi, Sep 9 (IANS) Prime Minister Manmohan Singh has assets worth around Rs.10.73 crore (around $2 million), nearly double from last year. Many of his cabinet colleagues, like ... Read more...

Posted in Politics |

Ministers who matter in Manmohan’s cabinet


September 6th, 2012 - 3:42 pm ICT by IANS
The slew of ministerial groups set up by Prime Minister Manmohan Singh to assist in consensus-building and decision-making, once headed by Pranab Mukherjee, who was then the finance minister and ... Read more...

Posted in Uncategorized |

British PM plans cabinet reshuffle to boost economy


September 3rd, 2012 - 11:03 pm ICT by IANS
London, Sep 3 (IANS) British Prime Minister David Cameron is expected to reshuffle his government this week as members of parliament returned Monday for a new term after the ... Read more...

Posted in Politics |

Government, BJP refuse to bend, parliament crippled (Roundup)


September 3rd, 2012 - 9:38 pm ICT by IANS
New Delhi, Sep 3 (IANS) The logjam over 'coalgate' crippled parliament for the ninth day Monday, with the BJP adamant on the cancellation of the controversial coal mines allocation ... Read more...

Posted in Politics |

Inter-ministerial group reviews coal block allocations


September 3rd, 2012 - 9:24 pm ICT by IANS
New Delhi, Sep 3 (IANS) An inter-ministerial group (IMG) Monday met to review the status of 58 coal blocks where production is not likely to begin by March 2013.The ... Read more...

Posted in Business |

Passing bills amid din not good for democracy: Chidambaram


September 3rd, 2012 - 9:01 pm ICT by IANS
New Delhi, Sep 3 (IANS) After the Lok Sabha passed three bills amidst a din, the government Monday said this was not good for democracy and that there was ... Read more...

Posted in Politics |

Government rejects BJP’s demands to end parliament logjam


September 3rd, 2012 - 7:37 pm ICT by IANS
New Delhi, Sep 3 (IANS) The government Monday rejected the conditions laid down by the BJP to end the parliament logjam and appealed to it to debate the issue ... Read more...

Posted in Politics |

India will ensure clarity in tax regulations: Chidambaram


September 3rd, 2012 - 7:00 pm ICT by IANS
New Delhi, Sep 3 (IANS) Finance Minister P. Chidambaram Monday assured investors that the government would bring clarity in tax regulations and take necessary measures to ensure a stable ... Read more...

Posted in Uncategorized |

‘Global economic slowdown delays South Korean recovery’


September 3rd, 2012 - 1:15 pm ICT by IANS
Seoul, Sep 3 (IANS) Global economic slowdown caused mainly by Europe's fiscal crisis has been delaying South Korea's economic recovery, the nation's finance minister said Monday."Exports showed a minus growth ... Read more...

Posted in Business |

Defer GAAR by three years, suggests Shome Committee (Lead)


September 1st, 2012 - 9:03 pm ICT by IANS
New Delhi, Sep 1 (IANS) An expert committee on tax laws Saturday suggested that the Indian government defer implementation of the controversial General Anti-Avoidance Rules (GAAR) until fiscal 2016-17 ... Read more...

Posted in Business |

`Colombia now South America’s No. 2 economy’


September 1st, 2012 - 12:48 pm ICT by IANS
Bogota, Sep 1 (IANS/EFE) Colombia has moved ahead of Argentina to become South America's second-largest economy, the outgoing Colombian finance minister said Friday."Colombia surpassed Argentina in GDP, we are the ... Read more...

Posted in Business |

Quick decisions needed to boost investments: Chidambaram


August 31st, 2012 - 5:17 pm ICT by IANS
New Delhi, Aug 31 (IANS) Finance Minister P. Chidambaram Friday said quick decisions are needed to accelerate investments, especially in the manufacturing sector, a major drag on the country's ... Read more...

Posted in Business |

`Brazil withstanding worst year of global crisis’


August 31st, 2012 - 12:21 pm ICT by IANS
Brasilia, Aug 31 (IANS/EFE) Brazil's finance minister said Thursday that Latin America's largest economy is holding up well amid the "worst year" of the global economic crisis and that its ... Read more...

Posted in Business |

Tripura offers jobs to all medallist sportsmen


August 29th, 2012 - 6:09 pm ICT by IANS
Agartala, Aug 29 (IANS) Tripura Wednesday announced government jobs for all sportspersons who have won medals in national and international events.Tripura Finance Minister Badal Choudhury said: "The council of ministers ... Read more...

Posted in Sports |

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