finance portfolio

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 |

Himachal’s loan liability is Rs.26,651 crore


August 29th, 2012 - 11:30 am ICT by IANS
Shimla, Aug 29 (IANS) Himachal Pradesh's loan liability is Rs.26,651 crore and it has paid Rs.2,146 crore as interest on borrowings in the past one year, the state government ... Read more...

Posted in Business |

Bihar not to deposit funds in 21 banks


August 21st, 2012 - 6:27 pm ICT by IANS
Patna, Aug 21 (IANS) The Bihar government will not deposit funds in 21 nationalized and private banks for their failure to provide credit to priority sectors like agriculture, ... Read more...

Posted in Business |

Chidambaram’s efforts will help revive growth: FICCI


August 7th, 2012 - 8:10 pm ICT by IANS
New Delhi, Aug 7 (IANS) Enthused by Finance Minister P. Chidambaram's assurance of fine-tuning policies, industry body FICCI Tuesday said this would help revive economic growth."It is quite obvious ... Read more...

Posted in Business |

Chidambaram hints at modifying tax norms, cut deficit (Roundup)


August 6th, 2012 - 9:33 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister P. Chidambaram Monday said the government will fine-tune policies to meet investor expectations, cut fiscal deficit and revive growth."Our policies have to ... Read more...

Posted in Business |

India to soon unveil fiscal consolidation measures


August 6th, 2012 - 7:38 pm ICT by IANS
New Delhi, Aug 6 (IANS) The government will soon unveil measures to bring more discipline in spending and return to the path of fiscal consolidation, Finance Minister P. Chidambaram ... Read more...

Posted in Business |

Chidambaram to fine-tune investment policies, spur growth (Lead)


August 6th, 2012 - 7:34 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister P. Chidambaram Monday tried to reassure investors that the government will fine-tune policies to meet their expectations and revive growth."Our policies have ... Read more...

Posted in Uncategorized |

Goa earned Rs.30 crore from casino entry fee


August 6th, 2012 - 3:22 pm ICT by IANS
Panaji, Aug 6 (IANS) Nearly 3.5 lakh gamblers and gambling enthusiasts hit the offshore and onshore casinos in Goa over the last two-and-a-half years, government statistics show.Chief Minister Manohar Parrikar ... Read more...

Posted in Business |

FTA would complement Indian reforms: New Zealand minister


July 27th, 2012 - 1:27 pm ICT by IANS
Wellington, July 27 (IANS) A free trade agreement (FTA) between New Zealand and India would complement the Indian government's domestic economic reform programme by opening up India businesses to limited ... Read more...

Posted in Business |

Bihar will not allow FDI in retail: Deputy chief minister


July 24th, 2012 - 8:21 pm ICT by IANS
Patna, July 24 (IANS) Bihar Deputy Chief Minister Sushil Kumar Modi Tuesday ruled out FDI in retail in the state."To protect interest of small and medium traders, Bihar will ... Read more...

Posted in Uncategorized |

Premji hopes PM will step up policy execution


July 24th, 2012 - 6:24 pm ICT by IANS
Bangalore, July 24 (IANS) Azim Premji, IT czar and chairman of Wipro Ltd., Tuesday hoped that Prime Minister Manmohan Singh would initiate steps to execute infrastructure and ... Read more...

Posted in Business |

Chandy seeks PM’s help for educational loans


July 20th, 2012 - 7:32 pm ICT by IANS
Thiruvananthapuram, July 20 (IANS) Kerala Chief Minister Oommen Chandy Friday urged Prime Minister Manmohan Singh, who holds the finance portfolio, to direct commercial banks to sanction educational loans to ... Read more...

Posted in Business |

Bihar registers highest growth rate of 16.71 percent


July 17th, 2012 - 11:31 pm ICT by IANS
Patna, July 17 (IANS) Bihar recorded its highest growth rate of 16.71 percent during 2011-2012 thanks to a record in foodgrain production, Deputy Chief Minister Sushil Kumar Modi said ... Read more...

Posted in Business |

PM sets up experts panel to review, rework GAAR


July 13th, 2012 - 6:41 pm ICT by IANS
New Delhi, July 13 (IANS) Prime Minister Manmohan Singh Friday set up an experts' committee to review and rework the controversial General Anti Avoidance Rules (GAAR) tax provision.The four-member ... Read more...

Posted in Business |

Time terms Manmohan an underachiever (Second Lead)


July 8th, 2012 - 10:42 pm ICT by IANS
New Delhi, July 8 (IANS) Time magazine in a harsh critique of Prime Minister Manmohan Singh has termed him an "underachiever" - one who "seems unable to control his ... Read more...

Posted in Entertainment |

Time calls Manmohan an underachiever (Lead)


July 8th, 2012 - 5:35 pm ICT by IANS
New Delhi, July 8 (IANS) Prime Minister Manmohan Singh, who as India's finance minister in 1991 ushered in reforms that liberalized the economy, has been termed by Time magazine ... Read more...

Posted in Entertainment |

Meena to handle day-to-day affairs of finance ministry


July 5th, 2012 - 8:31 pm ICT by IANS
New Delhi, July 5 (IANS) Prime Minister Manmohan Singh has asked Minister of State for Finance (Expenditure and Financial Services) Namo Narain Meena to look after the day-to-day affairs ... Read more...

Posted in Business |

Sensex gains 457 points; likely to remain bullish (Weekly market review)


July 1st, 2012 - 5:47 pm ICT by IANS
Mumbai, July 1 (IANS) Indian stock markets are likely to open on a bullish note Monday, after registering a strong rally in the previous week, on expectation of a ... Read more...

Posted in Business |

Susidies to be cut soon, says Rangarajan (Lead)


June 29th, 2012 - 6:49 pm ICT by IANS
Kolkata, June 29 (IANS) The government could cut the subsidies on fuel and fertilisers soon to contain the ballooning fiscal deficit, C. Rangarajan, who heads the Prime Minister's Economic ... Read more...

Posted in Business |

Comments invited on new tax rules, PM to take final call (Second lead)


June 29th, 2012 - 6:07 pm ICT by IANS
New Delhi, June 29 (IANS) The government Friday issued draft guidelines on the General Anti Avoidance Rules (GAAR), inviting comments from different stakeholders and clarified that Prime Minister Manmohan ... Read more...

Posted in Business |

Govt invites comments on GAAR, PM to take final call (Lead)


June 29th, 2012 - 3:53 pm ICT by IANS
New Delhi, June 29 (IANS) The government Friday issued draft guidelines on the general anti-avoidance rules (GAAR), inviting comments from different stakeholders and clarified that Prime Minister Manmohan Singh ... Read more...

Posted in Business |

PM for wide consultation on GAAR


June 29th, 2012 - 1:51 pm ICT by IANS
New Delhi, June 29 (IANS) Prime Minister Manmohan Singh Friday sought wide consultation on the draft guidelines of the General Anti Avoidance Rules (GAAR) and said these would be ... Read more...

Posted in Business |

PM calls for revival of ‘animal spirit’ in economy


June 27th, 2012 - 9:58 pm ICT by IANS
New Delhi, June 27 (IANS) Prime Minister Manmohan Singh Wednesday called for revival of "animal spirit" in the economy and directed the officials to take measures to revive sentiments ... Read more...

Posted in Business |

Pranab resigns, PM keeps finance ministry (Third Lead)


June 26th, 2012 - 11:31 pm ICT by IANS
New Delhi, June 26 (IANS) Pranab Mukherjee, a union minister for decades together, Tuesday resigned from the cabinet to contest the July 19 presidential election as the candidate of ... Read more...

Posted in Politics |

Pranab resigns, PM may keep finance ministry (Second Lead)


June 26th, 2012 - 9:04 pm ICT by IANS
New Delhi, June 26 (IANS) Pranab Mukherjee Tuesday resigned as the finance minister to contest the July 19 presidential election as the candidate of the ruling United Progressive Alliance."Today, ... Read more...

Posted in Politics |

Mukherjee steps down as finance minister (Lead)


June 26th, 2012 - 6:57 pm ICT by IANS
New Delhi, June 26 (IANS) Pranab Mukherjee Tuesday resigned as the finance minister to contest the July 19 presidential election as the candidate of the ruling United Progressive Alliance."Today, ... Read more...

Posted in Business |

PM indicates cabinet reshuffle, mum on timing


June 24th, 2012 - 12:49 am ICT by IANS
On Board Air India One, June 23 (IANS) Prime Minister Manmohan Singh has indicated a cabinet reshuffle but declined any comment on its timing, or who will replace Pranab ... Read more...

Posted in Uncategorized |

Petrol to be cheaper, CNG costlier in Delhi (Second Lead)


May 28th, 2012 - 11:21 pm ICT by IANS
New Delhi, May 28 (IANS) Eyeing next year's assembly polls, Delhi's Congress government Monday slashed petrol prices, but increased the cost of CNG and tobacco.The petrol price was slashed by ... Read more...

Posted in Politics |

Petrol to be cheaper, CNG costlier in Delhi (Lead, superseding earlier story)


May 28th, 2012 - 10:22 pm ICT by IANS
New Delhi, May 28 (IANS) Eyeing next year's assembly polls, Delhi's Congress government Monday slashed petrol prices, but increased the cost of CNG and tobacco.The petrol price was slashed by ... Read more...

Posted in Business |

After bedlam, UP assembly adjourned till Tuesday (Lead)


May 28th, 2012 - 3:27 pm ICT by IANS
Lucknow, May 28 (IANS) The Uttar Pradesh assembly, which Monday met for the first time since the Samajwadi Party (SP) came to power, was adjourned for the day after ... Read more...

Posted in Politics |

Himachal assembly passes 2012-13 budget


March 30th, 2012 - 7:38 pm ICT by IANS
Shimla, March 30 (IANS) The Himachal Pradesh assembly Friday passed the general budget for fiscal 2012-13 and related appropriation bill, authorising the government to spend Rs.21,738.32 crore from the consolidated ... Read more...

Posted in Business |

Himachal debt rises to Rs.25,313.70 crore


March 27th, 2012 - 6:35 pm ICT by IANS
Shimla, March 27 (IANS) The debt burden of Himachal Pradesh has increased to Rs.5,140.56 crore over the past four years, Chief Minister Prem Kumar Dhumal said here Tuesday."The debt from ... Read more...

Posted in Business |

Gehlot presents populist budget with eye to coming polls


March 26th, 2012 - 10:53 pm ICT by IANS
Jaipur, March 26 (IANS) With an eye to the coming state assembly elections by the end of next year, Rajasthan Chief Minister Ashok Gehlot, who also holds the finance ... 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 |

Himachal Congress lawmakers in Gandhigiri protest


March 19th, 2012 - 8:19 pm ICT by IANS
Shimla, March 19 (IANS) Taking their Gandhigiri protest against corruption a step further, Congress party legislators donned white Gandhi caps, a la Anna Hazare, in the Himachal Pradesh assembly ... Read more...

Posted in Uncategorized |

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