New Delhi : Finance Minister Nirmala Sitharaman announced on Saturday that the government has decided to reduce the Central excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre. This will reduce the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per […]
New Delhi : To augment India’s infrastructure and create jobs, the government has launched Rs 103 lakh crore infra projects and will release a logistic policy soon, besides accelerating highways construction, Finance Minister Nirmala Sitharaman said on Saturday. Presenting the Union Budget in Parliament, Sitharaman said Rs 1.7 lakh crore has been provided for transport […]
Udupi : The Union Cabinet Wednesday gave an in-principle approval for building two strategic crude oil reserves including one at Padur (Udupi district) in Karnataka with 2.5-million tonne capacity. The move will insulate India from spike in global prices of crude oil, Finance Minister Piyush Goyal said. The aggregate capacity of the second reserve will […]
New Delhi: Finance minister Arun Jaitley has focused more on reforms and less on populism in his first full year Budget. Corporate class can cheer over the reforms and cut in corporate tax but middle class seems to be disappointed by the budget as income-tax slab remains unchanged. Prime Minister Narendra Modi had informed his […]
New Delhi: Bihar Chief Minister Nitish Kumar yesterday met Prime Minister Manmohan Singh here and sought Rs 12,000 crore in central help to tackle drought situation in the state.Bihar has declared 33 districts out of 38 as drought affected in the state. “We met the PM and apprised him of the prevailing drought situation in […]
New Delhi : Union Finance Minister P. Chidambaram Tuesday assured Karnataka Chief Minister Siddaramaiah that the central government would expedite its nod for Bangalore Metro’s second phase, an official statement said.The assurance was given when Siddaramaiah called on Chidambaram here, a Karnataka government release said. Siddaramaiah is here to finalise the state’s plan size ahead […]
New Delhi : Giving small relief to tax payers, Finance Minister P Chidambaram today announced a tax credit of Rs 2,000 for persons with income up to Rs 5 lakh. The proposal, he said, will benefit 1.8 crore tax payers entailing a revenue sacrifice of Rs 3,600 crore. The other slabs and rates have been […]
New Delhi : Finance Minister P Chidambaram has begun presenting the Union Budget 2013-14 in the Lok Sabha. Chidambaram noted that the global economic growth has slowed, including that of India. He however added that high growth is a novelty and not beyond India’s capacity. This is Chidambaram’s eighth Budget as Finance Minister – two […]
Kolkata: Pranab Mukherjee, who has been selected as the UPA’s Presidential nominee, will resign tomorrow as the Union Finance Minister. “I will resign on June 24”, Mr Mukherjee told reporters in Kolkata before leaving for his ancestral house in Birbhum district. Earlier sources had said that Mr Mukherjee is expected to file his nomination papers […]
New Delhi: Bowing to pressure, Finance Minister Pranab Mukherjee on Monday announced a slew of measures to provide relief to the jewellery sector and postponed implementation of the General Anti-Avoidance rules (GAAR) by one year, but offered no concessions to Vodafone involved in tax dispute. Moving the Finance Bill, 2012 for consideration and passage in […]
