Finance minister says losing sleep over rising subsidy bills
February 8th, 2012 - 6:23 pm ICT by IANS
New Delhi, Feb 8 (IANS) A worried Finance Minister Pranab Mukherjee Wednesday said he is losing sleep over the rising subsidy bills, notably on food, fertiliser and petroleum products."As ... Read more...
Posted in Business |
Growth may be revised upward from 6.9 percent: Pranab
February 7th, 2012 - 6:16 pm ICT by IANS
New Delhi, Feb 7 (IANS) The economic growth for the current financial year which was projected Tuesday at 6.9 percent, is likely to be revised upwards on the back ... Read more...
Posted in Business |
Union budget likely to be presented in mid-March: Mukherjee
January 25th, 2012 - 6:38 pm ICT by IANS
New Delhi, Jan 25 (IANS) The union budget for the 2012-13 financial year would be presented around mid-March after the election process for electing five new state assemblies gets ... Read more...
Posted in Uncategorized |
Shifting focus to growth, RBI infuses Rs.320 bn into system (Roundup)
January 24th, 2012 - 7:34 pm ICT by IANS
Mumbai, Jan 24 (IANS) Departing from its two-year-old tough monetary policy, India's central bank released Rs.32,000 crore (Rs.320 billion/$6 billion) into the country's banking system to incrrease liquidity in ... Read more...
Posted in Business |
Budget session likely from March second week
January 23rd, 2012 - 5:53 pm ICT by IANS
New Delhi, Jan 23 (IANS) The budget session of parliament is likely to begin from the second week of March, informed sources said Monday.The union budget for 2012-13 could be ... Read more...
Posted in Politics |
Growth should be given priority in budget: CII
January 22nd, 2012 - 12:45 pm ICT by IANS
New Delhi, Jan 22 (IANS) Finance Minister Pranab Mukherjee should give priority to measures that would boost growth and help curb fiscal deficit in the union budget for 2012-13, ... Read more...
Posted in Business |
Tamil Nadu seeks Rs.3,000 crore grant, energy port
January 19th, 2012 - 1:13 am ICT by IANS
New Delhi, Jan 18 (IANS) Tamil Nadu sought an one time grant of Rs.3,000 crore and setting up of a gas grid connecting the major cities of the state ... Read more...
Posted in Business |
Tax telecom sector more to recover fuel losses, Greenpeace urges
January 18th, 2012 - 1:13 am ICT by IANS
New Delhi, Jan 17 (IANS) Calling for a drastic change in the country's energy policies, Greenpeace Tuesday appealed to the government to levy additional taxes on the telecom service providers ... Read more...
Posted in Uncategorized |
Budget after March 9, dates not finalised: Pranab
January 4th, 2012 - 6:55 pm ICT by IANS
New Delhi, Jan 4 (IANS) The union budget for 2012-13 would be presented after March 9 following the state assembly elections but no dates have been finalised, Finance Minister ... Read more...
Posted in Business |
Indian economy hit by high inflation, slowing growth (2011 in Retrospect)
December 28th, 2011 - 3:40 pm ICT by IANS
New Delhi, Dec 28 (IANS) Even though India performed better than most emerging economies despite the global economic slowdown and the Eurozone crisis, 2011 for it was largely marked ... Read more...
Posted in Business |
Pranab cautious on budget delay reports
December 25th, 2011 - 11:45 pm ICT by IANS
Kolkata, Dec 25 (IANS) As speculation over the delay in the presentation of the union budget due to assembly elections in five states made the rounds, union Finance Minister ... Read more...
Posted in Politics |
Poll schedule may defer union budget
December 24th, 2011 - 9:17 pm ICT by IANS
New Delhi, Dec 24 (IANS) The railways and the general budgets for the year 2012-13 may have to be deferred by a few days due to the model code of ... Read more...
Posted in Politics |
Pranab hopes to meet Rs.40,000 crore disinvestment target
November 18th, 2011 - 8:36 pm ICT by IANS
New Delhi, Nov 18 (IANS) The government has not revised downward the disinvestment target of Rs.40,000 crore for the current fiscal and was hopeful of meeting it, Finance Minister ... Read more...
Posted in Business |
Growth to fall below 8 percent: Pranab (Lead)
October 19th, 2011 - 8:54 pm ICT by IANS
New Delhi, Oct 19 (IANS) India's growth will fall below 8 percent, Finance Minister Pranab Mukherjee said Wednesday, adding that the government was unlikely to meet the 4.6 percent ... Read more...
Posted in Business |
Rs.40,000 crore disinvestment target will be met: Official
September 13th, 2011 - 9:49 pm ICT by IANS
New Delhi, Sep 13 (IANS) The government will be able to meet the targeted Rs.40,000 crore through divesting its stake in public sector undertakings during the current financial year, ... Read more...
Posted in Business |
US rating downgrade positive, negative for India: Official
August 7th, 2011 - 12:49 am ICT by IANS
Chennai, Aug 6 (IANS) The downgrading of the US long term credit rating by global rating agency Standard and Poors (S&P;) from AAA to AA+ has positive and negative features ... Read more...
Posted in Business |
Cabinet okays Rs.1,000 crore fund for unorganised workers
July 28th, 2011 - 5:45 pm ICT by IANS
New Delhi, July 28 (IANS) The cabinet Thursday approved the establishment of a national social security fund with an initial allocation of Rs.1,000 crore to provide social security benefits ... Read more...
Posted in Business |
Rahul Gandhi invites weavers’ team to Delhi
July 22nd, 2011 - 3:47 pm ICT by IANS
Azamgarh (Uttar Pradesh), July 22 (IANS) Congress general secretary Rahul Gandhi Friday interacted with the weavers community here to know about their problems, the party said.Assuring the weavers all ... Read more...
Posted in Politics |
Ministerial panel on Air India to meet next week: Ravi
July 18th, 2011 - 6:15 pm ICT by IANS
New Delhi, July 18 (IANS) The group of ministers (GoM) looking into the issue of equity infusion and revival of national carrier Air India met here Monday and has ... Read more...
Posted in Business |
Growth momentum will continue: Pranab
July 6th, 2011 - 9:55 pm ICT by IANS
New Delhi, July 6 (IANS) Despite the recent slowdown, Finance Minister Pranab Mukherjee said he was hopeful that the country will achieve its growth target of over 8.5 percent ... Read more...
Posted in Business |
No need to revise fiscal deficit target: Pranab
July 5th, 2011 - 5:50 pm ICT by IANS
New Delhi, July 5 (IANS) The government will stick to its fiscal deficit targets despite loss of revenue due to reduction in levies on petroleum products following the recent ... Read more...
Posted in Business |
Andhra proposes non-banking finance body for self-help groups
June 21st, 2011 - 11:11 pm ICT by IANS
Hyderabad, June 21 (IANS) In an attempt to protect women's self-help groups (SHGs) from exploitation by micro-finance institutions (MFIs), the Andhra Pradesh government proposes to set up a non-banking finance ... Read more...
Posted in Business |
Growth may moderate, inflation a major challenge: Pranab (Lead)
June 17th, 2011 - 9:30 pm ICT by IANS
New Delhi, June 17 (IANS) The monetary tightening policy pursued by the Reserve Bank of India might moderate growth in short-term even as controlling inflation remains a major challenge ... Read more...
Posted in Business |
Waiting for centre’s reply to report, Bhardwaj tells Yeddyurappa (Lead)
May 18th, 2011 - 10:29 pm ICT by IANS
Bangalore, May 18 (IANS) Karnataka Governor Hans Raj Bhardwaj Wednesday declined for the second time the go-ahead to Chief Minister B.S. Yeddyurappa to convene the state legislature saying he ... Read more...
Posted in Uncategorized |
Court stays proposed service tax on individual lawyers (Second Lead)
April 29th, 2011 - 10:11 pm ICT by IANS
New Delhi, April 29 (IANS) The Delhi High Court Friday stayed the central government's notification seeking to bring individual lawyers, who extend services to companies and firms, under the ... Read more...
Posted in Business |
CPI flays Congress, Trinamool on economic policies
April 15th, 2011 - 9:22 pm ICT by IANS
Kolkata, April 15 (IANS) Communist Party of India (CPI) general secretary A.B. Bardhan Friday slammed the faulty economic policies of the Congress-led central government for inflation and added that the ... Read more...
Posted in Politics |
MAT imposed to stop tax distortion: Official
April 13th, 2011 - 9:57 pm ICT by IANS
Kolkata, April 13 (IANS) Minimum Alternative Tax (MAT) is imposed in the special economic zones (SEZs) to stop distortion in direct taxes for the better interest of the country, a ... Read more...
Posted in Business |
Rise in tiger count due to new areas counted: Experts
March 28th, 2011 - 7:46 pm ICT by IANS
New Delhi, March 28 (IANS) The welcome increase in the number of tigers in India as seen in the latest census released Monday could be also due to new ... Read more...
Posted in Environment |
Hosiery, garment industry on indefinite shut down
March 26th, 2011 - 12:27 am ICT by IANS
Kolkata, March 25 (IANS) The Federation of Hosiery Manufacturers Association of India has called for an indefinite shut down for hosiery and garment industry all over India, demanding withdrawal ... Read more...
Posted in Business |
Maharashtra budget presented amid opposition protest
March 23rd, 2011 - 7:55 pm ICT by IANS
Mumbai, March 23 (IANS) Maharashtra Deputy Chief Minister Ajit Pawar Wednesday presented the budget for 2011-12 amid pandemonium and non-stop slogan-shouting by opposition legislators.The opposition started shouting anti-government slogans as ... Read more...
Posted in Politics |
India’s future lies in its naval power: Geostrategist
March 20th, 2011 - 1:41 pm ICT by IANS
Mumbai, March 20 IANS) With the scene of global strategic rivalry slowly shifting to the Indian Ocean, India's geopolitical future lies in its naval power, contrary to the country's traditional ... Read more...
Posted in Uncategorized |
Garment manufacturers protest duty on branded items
March 15th, 2011 - 7:32 pm ICT by IANS
New Delhi, March 15 (IANS) Thousands of garment manufacturers from various parts of India, some of them clad in their undergarments, Tuesday marched to parliament, protesting the 10 percent ... Read more...
Posted in Business |
Aviation ministry to take up service tax issue
March 15th, 2011 - 6:51 pm ICT by IANS
New Delhi, March 15 (IANS) The civil aviation ministry will raise the issue of the proposed increase in service tax on air travel with the union finance ministry, a ... Read more...
Posted in Business |
Hospitality sector seeks roll back of service tax
March 15th, 2011 - 12:42 am ICT by IANS
New Delhi, March 14 (IANS) Representatives of hotel and tourism sector Monday urged Finance Minister Pranab Mukherjee to roll back the proposed 10 percent additional levy of service tax ... Read more...
Posted in Business |
Budget hike won’t help education sector: Sibal
March 10th, 2011 - 5:47 pm ICT by IANS
New Delhi, March 10 (IANS) The 24 percent hike in the outlay for education announced in the union budget will not help the sector because what is needed is a ... Read more...
Posted in Uncategorized |
