Economy News

adding-to-the-woes-indian-telecom-industry-witnessed-a-slump-in-subscriber-base-in-april

Telecom Commission Proposes 100% FDI in Telecom

The Indian Telecom Commission on Tuesday has approved the finance ministry's proposal to increase the ceiling on foreign direct investment (FDI) to 100 percent from 74 percent in the telecom sector. Jul 3, 2013
us-secretary-of-state-john-kerry

India, US to Raise Economic Issues, Afghan Talks during John Kerry Visit

US Secretary of State John Kerry is gearing up for a three-day visit to India to lead the 4th India-US strategic dialogue. He will co-chair talks with India's Foreign Minister Salman Khurshid on economical issues ranging from intellectual property protection to the new streak of entrepreneurs in the Asian country. Jun 20, 2013
indians-shopping-for-gold-after-prices-fell

Remember 1991? Is Chidambaram's Anti-Gold Policy Right?

Despite Indian Finance Minister P. Chidambaram's oft-repeated appeal to desist from buying gold, there is hardly any decline in gold sales across the country and the minister should realise that it was sine-qua-non to his budget beset with huge increase in daily taxes that had hit the country's massive middle class. Jun 14, 2013
women-shop-for-instant-noodles-at-a-retail-supermarket-in-mumbai-march-16-2012

Supreme Court Clears FDI in Retail Sector, Says 'Consumer is King'

In what could come as a big relief to the Centre after being dogged by several corruption charges and scams, the Supreme Court on Wednesday cleared the government's proposal to allow 51 percent foreign direct investment (FDI) in the multi-brand retail sector. May 2, 2013
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Union Budget 2013-14: Entrepreneurs Vs Lawmakers

Finance Minister Chidambaram's Union Budget 2013-14, which was presented in Parliament on Thursday, evoked both praises and scorns with Indian entrepreneurs expressing their satisfaction while the lawmakers are far from appreciative. Most corporate heads from India have described Chidambaram's Union Budget as a balanced one but politicians have slammed it. Mar 1, 2013
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Union Budget 2013 Money Matters: Prices of Goods Expected to Rise

The Union Budget 2013-14 presented by Finance Minister P. Chidambaram on Thursday evoked mixed reactions from the public. Some described it as a balanced one while the others, particularly from the high-income group, were disappointed with the additional tax on luxury goods. Mar 1, 2013
indian-finance-minister-p-chidambaram

Union Budget 2013-14 Summary: Chidambaram Focuses on Economic Growth

Finance Minister P. Chidambaram presented Union Budget 2013-14 in Parliament on Thursday amid economic slowdown concerns with India's economic growth rate falling to 5 percent in the current fiscal year. Here is Union Budget 2013-14 summary given out by Finance Ministry. Feb 28, 2013
chidambaram

Union Budget 2013-14 Latest Updates: No Base Tax Exemption Slab

Union Budget 2013-14 Latest Updates: All eyes are on the Union Budget 2013 to be presented by Finance Minister P. Chidambaram at 11:00 pm on Thursday. Chidambaram's Union Budget comes amid India's economic growth rate falling to 5 percent, which is the lowest in a decade, ratings downgrade and the general elections coming up next year. Feb 28, 2013
pawan-kumar-bansal

Railway Budget 2013 Unplugged: Pawan Bansal's First and Last Choice?

Opinions on Railway Minister Pawan Kumar Bansal's Railway Budget 2013 may differ from person to person, but on a closer look, he has presented a good budget considering the current financial situation of the Indian Railways and the forthcoming elections next year. In fact, Bansal has cleverly taken a few praiseworthy steps towards narrowing down the deficit gap in the struggling Indian Railways. Feb 27, 2013
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