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  • budget has brought clarity in tax policies finance minister

    Budget has brought clarity in tax policies: Finance Minister

    July 12, 2014 17:04 IST

    New Delhi: Government today said the Budget 2014-15 has brought about clarity in tax policies and it will walk the difficult path to bring growth impulses back into the economy amidst fiscal constraints.“Both on direct

  • govt raises tax exemption limit under 80c to rs 1.5 lakh

    Govt raises tax exemption limit under 80C to Rs 1.5 lakh

    July 11, 2014 14:39 IST

    New Delhi: In a move that is seen to give a major boost to household savings and a relief to salary earners, the government hiked the exemption limit for investments by individuals in financial instruments

  • union budget 2014 a ray of hope for the power sector

    Union Budget 2014: A ray of hope for the power sector

    July 11, 2014 12:43 IST

    New Delhi: Prime Minister Narendra Modis new government on Thursday unveiled a reform-oriented budget, vowing to lift the troubled power sector in the country by extending the 10-year tax holiday by three years till March

  • govt rbi to devise modern monetary policy framework

    Govt, RBI to devise modern monetary policy framework

    July 10, 2014 23:29 IST

    New Delhi/Chennai: With prices staying at stubbornly high level, the government and the RBI today agreed to devise a modern monetary policy framework with clear inflation targeting.The tone for inflation targeting was set by Finance

  • branded petrol price to be cut by over rs 5/litre

    Branded petrol price to be cut by over Rs 5/litre

    July 10, 2014 20:26 IST

    New Delhi: Price of branded or premium petrol will be cut by over Rs 5 per litre after the government reduced excise duty on the fuel.The government had in 2008 introduced differential duty structure for

  • rupee logs worst drop in a month down 44p at 60.19 vs dollar

    Rupee logs worst drop in a month, down 44p at 60.19 vs dollar

    July 10, 2014 18:21 IST

    Mumbai: Moving in tandem with equities, the rupee today tumbled 44 paise, posting its biggest drop in nearly a month, to end at 60.19 against the dollar on a day the Narendra Modi-led government presented

  • budget boost for msme sector

    Budget boost for MSME sector

    July 10, 2014 15:22 IST

    New Delhi: Finance Minister Arun Jaitley Thursday announced measures for the development of micro, small and medium enterprises (MSMEs), while allocating a sum of Rs.10,000 crore for start-up companies in his maiden budget presented to

  • 15 000 km more of gas pipelines to come up

    15,000 km more of gas pipelines to come up

    July 10, 2014 13:48 IST

    New Delhi: The government will set up 15,000 km of additional gas transport infrastructure and further exploit coal bed methane gas reserves, Finance Minister Arun Jaitley said Thursday.India has an existing gas pipeline network of

  • govt scraps incentive on milk powder exports to check prices

    Govt scraps incentive on milk powder exports to check prices

    July 09, 2014 22:20 IST

    New Delhi: With milk prices shooting up, the government today decided to scrap the incentive on export of skimmed milk powder (SMP) to boost domestic supply and cool prices.With possibility of shortage of fodder in

  • fm arun jaitley s maiden budget bears high expectations

    FM Arun Jaitley's maiden Budget bears high expectations

    July 10, 2014 8:59 IST

    New Delhi: Amid high expectations from the middle class and industry, Finance Minister Arun Jaitley present's his maiden budget tomorrow that may contain tax sops for the salaried, dumping of the controversial retrospective tax and

  • economic survey 2014 indian economy to grow 5.4 5.9 this

    Economic Survey 2014: Indian economy to grow 5.4-5.9 % this fiscal

    July 09, 2014 15:40 IST

    New Delhi: Indian economy is likely to grow in the range of 5.4 to 5.9 per cent in 2014-15 overcoming the sub-5 per cent GDP growth of past two years, even as poor monsoon and

  • sensex plunges over 500 points after railway budget

    Sensex plunges over 500 points after Railway Budget

    July 08, 2014 16:52 IST

    Mumbai: A benchmark index of Indian equities markets plunged 517.97 points or 1.98 percent Tuesday after the Bharatiya Janata Party-led government presented its maiden Railway Budget.All the stocks were in red. Heavy selling pressure was

  • india iran partners for skill development

    India, Iran partners for skill development

    July 07, 2014 7:03 IST

    New Delhi: India's state-run National Skill Development Corporation (NSDC) Sunday signed an agreement with Iran's Technical and Vocational Training Organisation (TVTO) to jointly collaborate in skill development."This is an exclusive initiative to enhance collaborations in

  • fii inflows hit 20 bn mark in first half of 2014

    FII inflows hit $20-bn mark in first half of 2014

    July 06, 2014 17:07 IST

    New Delhi: Overseas investors have pumped in a staggering over $20 billion into the Indian market in the first half of the year, mainly on hopes of a stable and reform-oriented government at the Centre.The

  • budget 2014 icici bank for tight control over fiscal

    Budget 2014: ICICI Bank for tight control over fiscal situation, populism

    July 06, 2014 16:16 IST

    Mumbai: As India awaits the first Union Budget by Modi government, top banker Chanda Kochhar has says it cannot ignore harsh realities like the tough fiscal situation as well as rising prices and would need

  • govt rules out any immediate hike in prices of lpg kerosene

    Govt rules out any immediate hike in prices of LPG, kerosene

    July 06, 2014 7:32 IST

    New Delhi: Ruling out any immediate hike in prices of LPG and kerosene, Oil Minister Dharmendra Pradhan on Saturday said the new government will continue with the policy of subsidising commonly used cooking fuels."There will

  • new rules on delivery instruction slips from oct sebi

    New rules on delivery instruction slips from Oct: SEBI

    July 05, 2014 7:17 IST

    Mumbai: Market regulator the Securities and Exchange Board of India (SEBI) on Friday said its new framework to strengthen the supervisory and monitoring role of depositories and their participants for issuance and processing of Delivery

  • oil ministry may propose to hike lpg price by rs 250 per

    Oil Ministry may propose to hike LPG price by Rs 250 per cylinder

    July 04, 2014 16:24 IST

    New Delhi: The Oil Ministry is likely to move the Cabinet Committee on Political Affairs (CCPA) soon with an expert panel recommendations of raising cooking gas (LPG) rates by Rs 250 per cylinder and kerosene

  • don t panic on inflation says jaitley passes the buck to

    Don't panic on inflation says Jaitley; passes the buck to the states

    July 04, 2014 13:12 IST

    New Delhi: Blaming hoarders for the rise in food inflation, Finance Minister Arun Jaitley today said there is "no panic situation" and asked the states to take measures to crackdown on hoarding and black marketing

  • rbi eases overseas investment norms for indian corporates

    RBI eases overseas investment norms for Indian corporates

    July 04, 2014 8:21 IST

    Mumbai: The Reserve Bank has relaxed norms for overseas investment by Indian corporates by raising their borrowing limit."It has, however, been decided that any financial commitment exceeding USD 1 billion (or its equivalent) in a

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