Business news

Union Budget 2012-2013: Rationalization Measures in Indirect Taxes

Presenting the General Budget for 2012-2013 in Lok Sabha, Friday, the Union Finance Minister Pranab Mukherjee has announced various rationalization measures, including excise duty rationalization for packaged cement.

Mar 16, 2012

Union Budget 2012-2013: Service Tax Rate to be Raised From 10% to 12%

Presenting the Union Budget for 2012-2013 in the Lok Sabha Friday, Finance Minister Pranab Mukherjee announced that service tax rate would be marginally raised from 10 percent to 12 percent.

Mar 16, 2012

Union Budget 2012-2013: Agri Customs Duty to be Reduced to 2.5 Percent

Carrying forward the initiatives taken for agriculture and agro-processing sectors, the government proposed to reduce basic customs duty from 7.5 percent to 2.5 percent on sugarcane planter, root or tuber crop harvesting machine and rotary tiller and weeder and parts for the manufacture of these.

Mar 16, 2012

Union Budget 2012-2013: Fiscal Deficit to Come Down to 5.1% of GDP

The fiscal deficit in the Union Budget 2012-13 has been pegged at Rs 5,13,590 crore which is 5.1% of the GDP.

Mar 16, 2012

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Union Budget 2012-13: Highlights

Finance Minister Pranab Mukherjee Friday presented the budget for 2012-13 in the Parliament. Here are the highlights of the budget.

Mar 16, 2012

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London Olympics: Sports Ministry to Take up the Dow Matter Directly

The Ministry of Youth Affairs and Sports to took up the matter directly with International Olympics Committee (IOC) urging it to go beyond lesser considerations, and in the larger interests of the ideals of human rights, compassion and solidarity, cancel the sponsorship of Dow Chemicals for the London Olympics, 2012.

Mar 15, 2012

Indian Budget 2012-13: What the Industry Expects from FM

The Government of India is scheduled to present the Union Budget for FY2013 on March 16, which is crucial for the economy and markets.

Mar 15, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at 50.2225 rupees and the euro 65.5355 rupees.

Mar 15, 2012

Indian Railway Budget Derails: Has Dinesh Trivedi Resigned?

Railway Minister Dinesh Trivedi has sent resignation letter to Prime Minister Manmohan Singh following criticism from his own party members including Trinamool Congress supremo Mamata Banerjee over hiking of train fares.

Mar 15, 2012

Indian Railway Budget 2012-13 at a Glance

Railway Minister Dinesh Trivedi presented a bold and ambitious Railway Budget 2012-13 in Parliament, giving importance to passengers' safety, security and amenities. Here is the Railway Budget at a glance.

Mar 15, 2012

Railway Budget Fiasco: Mamata Asks PM to Replace Trivedi with Mukul Roy as Railway Minister

Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee has asked Prime Minister Manmohan Singh to sack Dinesh Trivedi as the Railway Minister.

Mar 14, 2012

Vijay Amritraj Quits Kingfisher Airlines Board

Former tennis star Vijay Amritraj resigned from the board of Kingfisher Airlines Ltd, effective from March 14.

Mar 14, 2012

Railway Fare Price Hike Invites TMC's Anger, Trivedi to Resign?

The Trinamool Congress (TMC) came out strongly against the price hike of Indian railways fares by the Union Railways Minister Dinesh Trivedi Wednesday.

Mar 14, 2012

Indian Stocks End Higher, Banking Shares Surge

Indian stock markets ended higher for the fourth day Wednesday, led by gains from banking and Capital Goods sector stocks.

Mar 14, 2012

Railway Budget 2012: Colleagues Slam Dinesh Trivedi for Fare Hike

Railway Minister Dinesh Trivedi's maiden Railway Budget in Parliament on Wednesday has come under fire from his own party members alleging that they were not consulted by the Railway Minister.

Mar 14, 2012