New recast plan calls for more loan rate cuts and lower equity returns.
Commerce Minister Kamal Nath is pushing for a major policy change, one that would result in foreign travellers to India being refunded the value-added tax they pay on purchases made here.
Budget 2007 is expected to introduce major changes in non-resident taxation, partly aimed at making it easier for foreign companies to do business in India and encouraging greater investment inflows.
The government has also swung into action to ensure that it is able to procure adequate quantities and avoid imports at exorbitant rates.
The government has swung into action to curb onion exports and check the rise in prices in the domestic market by effecting an 8 per cent hike in its minimum export price.
In 2006, FCI's procurement fell sharply to 9.2 million tonnes from 14.8 million tonnes in the previous year, forcing the government to import 5.5 million tonnes.
Kirana shops and greengrocers have found a new challenge to grapple with.
Kirana shops and greengrocers have found a new challenge to grapple with.
Milk powder Exports of 65,000 tonnes threatened, milk prices fall Re 1 a litre.
The finance ministry is likely to raise the exemption limit for service tax from Rs 400,000 to Rs 10 lakh (Rs 1 million) in the forthcoming Budget.
A passenger travelling in a cycle rickshaw can now have the luxury of sipping a Coke or Pepsi apart from listening to music via a headphone while he travels.
3-tier spectrum allocation policy to curb inefficient use.
Even as Left parties have demanded a review of the tax concessions provided to SEZs, the DoT has sought extension of excise duty exemptions to industrial units set up in telecom-specific SEZs.
With more than 60 per cent of the country's 109 crore population concentrated in rural areas, companies do not want to miss the growing business opportunity.
A day after the finance ministry cut import duties on a variety of product categories, top manufacturers of zinc -- Hindustan Zinc and Binani Zinc -- slashed prices.
The power ministry has submitted a draft Cabinet note proposing to modify the 1995 mega power policy to allow a more flexible system of private participation in distribution through a franchisee model.
The Department of Telecom has asked the Group of Ministers on telecom spectrum to direct the Ministry of Defence to immediately release 20 Mhz spectrum in the 1,800 Mhz band for mobile phone operators.
The sugar industry is now awaiting a subsidy from the government to make exports viable, as prices have fallen in the international market.
Reliance Communications has sought government approval for sponsoring a secondary Global Depository Receipts offering of up to $1.2 billion, representing 6.53 per cent of the total paid-up equity shares of the company.
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