p chidambaram

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 |

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 |

No rollback of FDI in multi-brand retail: Congress


September 20th, 2012 - 10:19 pm ICT by IANS
New Delhi, Sep 20 (IANS) The Congress asserted Thursday it will go ahead with the latest economic reforms, especially foreign equity in multi-brand retail, despite stiff opposition to the UPA ... Read more...

Posted in Politics |

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 |

Trinamool firm on quitting, Congress says UPA is safe (Roundup)


September 19th, 2012 - 10:36 pm ICT by IANS
New Delhi/Kolkata, Sep 19 (IANS) The Congress-led government Wednesday refused to roll back its big ticket economic reforms, even as a belligerent Trinamool Congress remained adamant on quitting the ruling ... Read more...

Posted in Politics |

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...

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Trinamool toughens stance, UPA says no danger (Evening Lead)


September 19th, 2012 - 7:19 pm ICT by IANS
New Delhi/Kolkata, Sep 19 (IANS) The Trinamool Congress Wednesday refused to back off over issues which forced it to quit the UPA government but the Congress maintained that the coalition ... Read more...

Posted in Politics |

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 |

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 |

PM to prepare Indian envoys for foreign policy challenges


September 12th, 2012 - 6:46 pm ICT by IANS
New Delhi, Sep 12 (IANS) Against the backdrop of a thaw with in ties with Pakistan and increasing calls for India to play a more proactive role in the ... Read more...

Posted in Uncategorized |

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 |

Cash rich PSUs to invest in projects to spur growth


September 11th, 2012 - 6:50 pm ICT by IANS
New Delhi, Sep 11 (IANS) The government is working on a mechanism under which nine major public sector undertakings (PSUs) having large cash reserves would start investing in infrastructure ... Read more...

Posted in Business |

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 |

Scuffles, brawls in parliament, state assemblies (Timeline)


September 5th, 2012 - 9:35 pm ICT by IANS
The Rajya Sabha Wednesday witnessed high drama as a scuffle broke out between a Samajwadi Party member Naresh Agarwal and BSP member Avtar Singh Karimpuri as a bill on quotas ... 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 |

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 |

Raghuram Rajan takes over as Chief Economic Advisor


August 29th, 2012 - 3:55 pm ICT by IANS
New Delhi, Aug 29 (IANS) Raghuram G Rajan, former IMF chief economist, took charge as chief economic adviser (CEA) in the finance ministry Wednesday."I am glad to be here," ... Read more...

Posted in Business |

GST bill can be passed in current fiscal: Chidambaram


August 28th, 2012 - 9:21 pm ICT by IANS
New Delhi, Aug 28 (IANS) The constitution amendment bill to introduce the Goods and Services Tax (GST) regime could be passed by parliament by the end of the current financial ... Read more...

Posted in Business |

Lalu asks BJP about Reddy brothers, Sushma sticks to ‘mota maal’ remark (Lead)


August 28th, 2012 - 8:49 pm ICT by IANS
New Delhi, Aug 28 (IANS) BJP leader Sushma Swaraj's "mota maal" remark continued to reverberate with RJD leader Lalu Prasad Tuesday accusing the party of having made mega-bucks from ... Read more...

Posted in Politics |

PM attacks CAG, BJP won’t give up (Intro Roundup)


August 27th, 2012 - 10:41 pm ICT by IANS
New Delhi, Aug 27 (IANS) Prime Minister Manmohan Singh Monday attacked the official auditor for suggesting huge presumptive losses from coal blocks allocation and said allegations of impropriety hurled ... Read more...

Posted in Politics |

India inc favours investments in equities, mutual funds


August 27th, 2012 - 9:36 pm ICT by IANS
Bangalore, Aug 27 (IANS) India Inc is in favour of investments in equities and mutual funds than in gold to improve the balance of payments (BoP) and reduce the ... Read more...

Posted in Business |

‘BJP stalling parliament a black spot for democracy’ (Lead)


August 27th, 2012 - 8:52 pm ICT by IANS
New Delhi, Aug 27 (IANS) Hitting back at the BJP for targetting the prime minister over the coal scam, the Congress-led UPA government Monday said that the opposition stalling ... Read more...

Posted in Politics |

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