union budget

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 |

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 |

IT industry lauds PM’s move to review tax laws


July 30th, 2012 - 8:57 pm ICT by IANS
New Delhi, July 30 (IANS) The National Association of Software and Services Companies (Nasscom) Monday welcomed the initiative of Prime Minister Manmohan Singh to review tax laws pertaining to ... Read more...

Posted in Sci-Tech |

273 acres available to AMU to start campus: Banerjee


July 30th, 2012 - 6:36 pm ICT by IANS
Kolkata, July 30 (IANS) In a bid to resolve the dispute over land allotted to Aligarh Muslim University (AMU) campus in Murshidabad, West Bengal Chief Minister Mamata Banerjee Monday ... Read more...

Posted in Politics |

Investment climate to be restored within two-three months: Moily


July 24th, 2012 - 8:20 pm ICT by IANS
Kolkata, July 24 (IANS) At a time when investors' confidence in India is at an all-time low, the central government was confident that an investment climate would be restored ... Read more...

Posted in Politics |

GAAR panel will certainly meet Sep 30 deadline: Shome


July 21st, 2012 - 11:17 pm ICT by IANS
Kolkata, July 21 (IANS) The expert committee on GAAR would certainly meet the Sep 30 deadline for the final recommendations on the controversial tax provision, its chairman Parthasarathi Shome ... 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 |

No service tax on foreign remittances: Government


July 10th, 2012 - 7:44 pm ICT by IANS
New Delhi, July 10 (IANS) The government said Tuesday remittances sent from overseas will not be liable for service tax charge, putting to rest the confusion that had arisen ... 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 |

Small investors should not directly trade in equities: SEBI


May 19th, 2012 - 8:14 pm ICT by IANS
New Delhi, May 19 (IANS) Small investors should not start trading directly in stock market as they don't have adequate resources to take informed decision, chairman of the Securities ... Read more...

Posted in Business |

Mukherjee hints at austerity as rupee dips to record low (Roundup)


May 16th, 2012 - 8:50 pm ICT by IANS
New Delhi, May 16 (IANS) The government is planning to introduce some austerity to aid fiscal consolidation, Finance Minister Pranab Mukherjee said Wednesday as the rupee slumped to a ... Read more...

Posted in Business |

Rupee hits record low of 54.50 against dollar (Lead)


May 16th, 2012 - 7:21 pm ICT by IANS
Mumbai, May 16 (IANS) The Indian rupee slumped to a record low of 54.50 against the US dollar Wednesday with risk aversion in global markets adding to the pressure, ... Read more...

Posted in Business |

Slowdown a concern, but India’s growth story intact: Pranab


May 16th, 2012 - 6:02 pm ICT by IANS
New Delhi, May 16 (IANS) Blaming the eurozone crisis for the economic slowdown and the sharp drop in the stock markets, Finance Minister Pranab Mukherjee Wednesday said India's growth ... Read more...

Posted in Business |

Levy on unbranded jewellery to be withdrawn: Pranab (Lead)


May 7th, 2012 - 6:50 pm ICT by IANS
New Delhi, May 7 (IANS) Finance Minister Pranab Mukherjee Monday said the government had withdrawn the levy of one percent on the sale of unbranded jewellery initially proposed in ... Read more...

Posted in Business |

Levy on unbranded jewellery to be withdrawn: Pranab


May 7th, 2012 - 5:27 pm ICT by IANS
New Delhi, May 7 (IANS) Finance Minister Pranab Mukherjee Monday said the government had withdrawn the levy of one percent on the sale of unbranded jewellery initially proposed in ... Read more...

Posted in Business |

India to cut subsidies to 1.75 percent of GDP in 3 years: Mukherjee


May 5th, 2012 - 8:21 pm ICT by IANS
Manila, May 5 (IANS) The Indian government is committed to bringing down subsidies to below two percent of the country's gross domestic product (GDP) in the current fiscal ... Read more...

Posted in Business |

Inflation pressure may re-emerge in India: Morgan Stanley


May 3rd, 2012 - 7:30 pm ICT by IANS
New Delhi, May 3 (IANS) India faces a very high risk of a return to rising inflation with the government continuing with its spending spree and the central bank easing ... Read more...

Posted in Business |

Vodafone was told about tax liability in Hutchison deal


May 2nd, 2012 - 6:52 pm ICT by IANS
New Delhi, May 2 (IANS) The Indian government Wednesday said Vodafone Plc was duly informed about its tax liability in the $11.2 billion acquisition of Hutchison's stake in Hutchison-Essar ... Read more...

Posted in Business |

Hyundai Motor’s April sales up 4.9 percent


May 2nd, 2012 - 2:58 pm ICT by IANS
New Delhi, May 2 (IANS) Passenger car major Hyundai Motor Wednesday reported a growth of 4.9 percent in its April sales, including exports, that stood at 52,057 units compared to ... 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 |

Business sentiments worse than reality: Adi Godrej (Interview)


April 23rd, 2012 - 10:50 am ICT by IANS
New Delhi, April 23 (IANS) The Indian economy and businesses are passing through difficult times due to lack of reforms and governance, but the sentiments are even worse than ... Read more...

Posted in Business |

Proposed tax law change ‘clarificatory’, says Pranab


April 20th, 2012 - 7:40 pm ICT by IANS
Washington, April 20 (IANS) Amid growing criticism from various quarters over the proposed retrospective changes in the tax law, Finance Minister Pranab Mukherjee has said that changes in the ... Read more...

Posted in Business |

RBI to notify proposal allowing airlines to access foreign funds


April 19th, 2012 - 9:43 pm ICT by IANS
New Delhi, April 19 (IANS) The government Thursday said it expects the Reserve Bank of India (RBI) to notify the budget announcement of allowing the cash-strapped Indian civil aviation ... Read more...

Posted in Business |

Inflation will remain at same level: Pranab


April 17th, 2012 - 6:42 pm ICT by IANS
New Delhi, April 17 (IANS) Inflation will remain in the range of 6-7 percent in the current financial year, Finance Minister Pranab Mukherjee said Tuesday adding a slowdown in ... Read more...

Posted in Business |

Hyundai enhances supply of its diesel powered i20 and Verna


April 16th, 2012 - 5:41 pm ICT by IANS
New Delhi, April 16 (IANS) Automobile manufacturer Hyundai Monday said it is enhancing the supply of its hatchback i20 diesel and sedan Verna diesel models."Increased supply will ease the waiting ... Read more...

Posted in Business |

Plug loopholes to boost tax revenue: Pranab


April 8th, 2012 - 10:46 pm ICT by IANS
Bangalore, April 8 (IANS) Finance Minister Pranab Mukherjee Sunday advised experts to plug loopholes in the taxation laws to ensure that the government got its due share of revenue ... Read more...

Posted in Business |

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 |

Rs.18,000-crore Air India restructuring plan approved


April 3rd, 2012 - 7:17 pm ICT by IANS
Mumbai, April 3 (IANS) The long-awaited Rs.18,000 crore financial restructuring plan for cash-strapped Air India has finally been approved by a consortium of 19 banks led by State Bank ... Read more...

Posted in Business |

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 |

Hyundai Motor sales up in March


April 2nd, 2012 - 2:59 pm ICT by IANS
Chennai, April 2 (IANS) India's second largest car manufacturer Hyundai Motor India Ltd closed last month with 6.6 percent growth in sales though its exports fell by 15.26 percent compared ... 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 |

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