Budget key to continued stock market optimism
Absence of policy measures would disappoint investors
View ArticleIndia Inc expects tax for super-rich in Budget
Top leaders of corporate India think Finance Minister P Chidambaram would take steps to tax the super-rich, introduce goods and service tax and raise tax rebates on home loans in the coming Budget, a...
View ArticleBudget 2013-14: Wishlist
TELECOMKey developments| Finalisation of reserve price for auction and latest round of auction scheduled in March 2013| Lukewarm response in the spectrum auction conducted in November 2012| Lower spend...
View ArticleIT hardware ind seeks abolition of inverted duty structure
The information technology sector is pitching for abolition of the inverted duty structure on products, which is encouraging the import of hardware products by making these cheaper, rather than...
View ArticleGujarat presents surplus budget, but fiscal deficit widens
The Narendra Modi government today presented a surplus revenue Budget for 2013-14.
View ArticleFertiliser to provide relief to FM for food subsidy
Govt may cut fertiliser subsidy in the next financial year
View ArticleFM crosses Montek hurdle, courtesy PM
The Gross Budgetary Support (GBS) for Plan expenditure in Budget 2013-14 was finalised only last weekend — after Prime Minister Manmohan Singh stepped in to resolve a difference of opinion between the...
View ArticlePresident's address to Parliament
President Pranab Mukherjee opened the Budget session today. Here are the highlights so far from his speech
View ArticleGovt taking steps to revive economy: President
Expressing concern over declining growth, President Pranab Mukherjee today said government is taking steps to revive investment activity and boost economy
View ArticleIncentives to boost corporate bond market likely in Budget
Aiming to strengthen the corporate bond market in the country, Finance Minister P Chidambaram is likely to announce some incentives for these instruments in the upcoming budget.
View ArticleMedia, Entertainment Ind hopes for rationalisation of taxes
The media and entertainment (M&E) industry is on the cusp of a sea change with the digitisation wave. Not just broadcasting but other sectors with in M&E—films, radio, animation and gaming—are...
View ArticleBanks need Rs 1.4 trillion in non-equity core capital: Crisil
The domestic banks will need to raise Rs 2.7 trillion by March 2018 to meet tier-I capital requirements under Basel III
View ArticleExporters seek incentives to boost shipments
The body also asked for refund of state levies like VAT, sales tax on petroleum products, Octroi and electricity duty
View ArticleCredit Suisse lowers India's GDP forecast to 5.3 per cent for FY'13
Credit Suisse had earlier estimated that India's GDP will grow at 6.9 per cent rate in the next financial year
View ArticleNot a taxing Budget?
Headline excise and service tax rates might not change but select sectors could get tax sops and tax holidays
View Article'Banks require Rs 2.7 lakh cr for Basel-III'
Rating agency CRISIL today said Indian banks would need to raise Rs 2.7 lakh crore by March 2018 to meet the Tier-I capital requirements under the Basel-III capital framework. The latter mandates a...
View ArticleM&E sector's Budget wishes
The industry wants relief, rationalisation of multiple taxes; says govt policy hindering growth, while help would ensure transofrmation
View ArticleDIPP, pharma players to talk FDI policy on Budget day
Investments in existing and brownfield units to be focus of discussion
View ArticleAustere Budget would defy India's pre-election history
Finance Minister P Chidambaram could defy history if he presents a largely austere FY14 Budget on February 28, ahead of general elections next year
View ArticleRBI fears Budget may leave less room for rate cuts
India's austerity push in a budget to be unveiled on Thursday threatens to have the unintended impact of adding to inflationary pressure, hampering chances for rapid interest rate cuts that the...
View ArticleBudget may woo foreign investors
Whether the government will reduce borrowing in the next fiscal is too close to call, but economists polled by Reuters say its resolve to cut spending and giveaways in next week's budget will reignite...
View ArticleMP reduces entry tax on domestic LPG
Madhya Pradesh Finance Minister Raghavji today announced a major relief by reducing the entry tax on domestic LPG while presenting the state's budget for 2013-14
View ArticleFocus on safety, modernisation in Rail Budget: Assocham
The government should focus more on safety and modernisation besides improving existing track and separation of passenger and freight train lines in the forthcoming Rail Budget, Assocham today said
View ArticleBudget to have no impact on the market in the near term: Survey
According to a recent survey done by ICICI Securities, the Union Budget is going to be balanced with no major impact on the markets in the near term.
View ArticleHolding company to ring fence banks from promoter groups' biz
The Reserve Bank of India (RBI) today said it will allow corporate groups, non-banking finance companies and public sector entities to set up a bank only through a wholly-owned non-operative financial...
View ArticleBalance economics and politics
Experts say FM should walk his talk by reducing fiscal deficit to targeted levels but without hurting growth
View ArticleFinMin expects RBI to issue licenses by FY 14 end
On allowing real estate, brokerage companies, the ministry says any sector can't be excluded
View ArticleConversion challenge before NBFCs
Non-banking finance companies (NBFCs) are seen as key contenders to receive the regulator's green signal to foray in the banking space.However, some of the likely applicants face a challenge in meeting...
View ArticleHolding company to ring-fence bank
The Reserve Bank of India (RBI) on Friday said it could allow corporate groups, non-banking financial companies (NBFCs) and public sector entities to set up a bank only through a wholly-owned...
View ArticleGuidelines fair and open to all, says India Inc
Corporates aspiring for banking licences believe this move will change the face of the financial services industry
View ArticleGovt support to railways may rise only 8% in FY14
Funding for the Indian Railways likely to rise a paltry Rs 2,000 crore in 2013-14
View ArticleHigh asset price volatility clause may be a hindrance
Religare, IIFL and Edelweiss are said to be interested to venture into banking
View ArticleBudget may introduce new tax regime for SEZ units
New model suggested under proposed Direct Taxes Code Bill
View ArticleRealtors, brokerages may face hurdles
Pure-play non-banking financial companies best placed to grab new bank licences
View ArticleNew banks: RBI welcomes all, but sets stiff riders
Final norms remove bar on sectors; applications to be accepted till July 1
View ArticleIndians graduating to bigger cars
If you thought India is a small car market think again. In the nine months ended Dec 31 this financial year, the only three models which brought in additional numbers for Maruti Suzuki were not the...
View ArticleElectronics to cost lesser in Chhattisgarh in FY14
Low cost mobile handsets, induction cooker, computer spare parts would cost less in Chhattisgarh as the state government had curtailed the value Added Tax (VAT).
View ArticleDwindling tax collections: FM asks assessees to file returns
Ahead of the Budget, Finance Minister P Chidambaram today appealed to all assesses to file their returns, amid fears of a shortfall in budgeted tax collections. He also said the tax department was...
View ArticleBudget prescription: Economists for rich tax, hike in excise, service tax
Ahead of the Budget, economists prescribed higher income tax rate for those earning annual income of Rs 15 lakh, increasing service and excise duty rate to stick to fiscal consolidation path of reining...
View ArticleFarmer Producer Organisations may get tax exemptions in 2013 Budget
The forthcoming Budget may give tax exemptions to Farmer Producer Organisations (FPOs) and also give them more scope to access funds. A senior official in the know told Business Standard the government...
View ArticleSteel sector to get boost from Chhattisgarh state budget
State govt announces tax sops to facilitate for industry to recover from current crises
View ArticleUnion budget to decide market course ahead: experts
The stock market is likely to witness high volatility this week as investors are treading the cautious path ahead of the Union Budget 2013-14, experts say
View ArticleHigher taxes on super rich will affect biz sentiment: Assocham
Industry chamber Assocham today said any move to impose higher taxes on super rich will hit business sentiment amidst economic slowdown
View ArticleSteel Ministry demands sops for iron ore beneficiation units
The Steel Ministry has sought incentives, including zero import duty on machinery for iron ore beneficiation units, saying exporting the raw material without value-addition will not get desired returns
View ArticleExim Bank seeks sops for manufacturing sector
Urges FinMin for introduction of new schemes for allowing FDI in engineering and high-tech goods manufacturing
View ArticleDevangshu Datta: Triple-witching on Budget day
Potentially explosive developments on the global financial front could upstage the impact of Chidambaram's February 28 show
View ArticleA K Bhattacharya: The spendthrift states
State finance ministers are relying on Central transfers rather than their own tax efforts to bridge their deficits
View ArticleData show income growth ahead of inflation
Personal disposable income in India grew by 15-21% in nominal terms a year between 2008-09 and 2011-12
View ArticleIT industry seeks MAT reduction to 5% in Union Budget
he IT and IT-enabled services industry here has sought the reduction in minimum alternate tax (MAT) to 5 per cent in the Budget 2013-14 for all IT companies operating in SEZs.
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