Congress leader P Chidambaram

Budget 2013: Five Expectations From Chidambaram's Financial Plan FY2013-14

With the budget session already begun, all eyes are on the Union Budget 2013-14 which Finance Minister P. Chidambaram will table in the parliament a few days from now. It is going to be a crucial one as the FM will have to keep in mind the current slow economic growth rate even as he tries to meet the expectations of the common man. Feb 22, 2013

Grameen Koota Raises ₹250 Million Through NCDs

Grameen Financial Services Private Limited (GFSPL), a microfinance institution (MFI) headquartered in Bangalore, has raised debt funds to the tune of ₹250,000,000 from Social Investments AG via secured, redeemable, non-convertible debentures (NCDs). Jun 26, 2012

Diesel Cars May Turn Costlier, Special Tax of ₹255,000 On Cards

Oil Minister S Jaipal Reddy recommended a hike in excise duty to be imposed on diesel-based vehicles. The proposed levies, it is said, will be as steep as INR 255,000 for sedans and sports or multi utility vehicles, while smaller vehicles will be slapped with an excise tax of INR 170,000. Jun 13, 2012