Prashant K Sahu &Amp; Ajay Modi In New Delhi

Stories by Prashant K Sahu &Amp; Ajay Modi In New Delhi

Taxman to probe 60,000 high-value transactions

Taxman to probe 60,000 high-value transactions

Rediff.com   9 Mar 2007

These transactions are based on the Annual Information Reports (AIR) filed by entities like banks, mutual funds and companies.

Reliance Retail eyes FCI facility

Reliance Retail eyes FCI facility

Rediff.com   9 Mar 2007

To augment its storage capacity, Reliance Retail is seeking to hire capacity with the government-owned Food Corporation of India. This has been complemented by low foodgrain stocks with FCI and the surplus storage capacity.

Cement makers do a volte face

Cement makers do a volte face

Rediff.com   7 Mar 2007

Agree to cut prices after meeting Chidambaram.

Now, all public sector bank chairmen will grin

Now, all public sector bank chairmen will grin

Rediff.com   5 Mar 2007

The finance ministry is expected to announce a performance-based incentive scheme for bank chairmen on Tuesday.

Law on foreign funds may hit banks: RBI

Law on foreign funds may hit banks: RBI

Rediff.com   21 Feb 2007

The Reserve Bank of India has opposed the government's move to bring in a law to introduce a new reporting system for inward flow of foreign contributions.

Mandis' loss is the farmer's gain

Mandis' loss is the farmer's gain

Rediff.com   21 Feb 2007

Retailers like Reliance are buying bulk produce directly from farmers.

Govt, traders fight over wheat prices

Govt, traders fight over wheat prices

Rediff.com   17 Feb 2007

The government has also swung into action to ensure that it is able to procure adequate quantities and avoid imports at exorbitant rates.

Curbs put on onion exports

Curbs put on onion exports

Rediff.com   16 Feb 2007

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.

Govt finalises bank brass reshuffle

Govt finalises bank brass reshuffle

Rediff.com   15 Feb 2007

The finance ministry has finalised the top-level reshuffle in public sector banks.

Government bans wheat exports for 2007

Government bans wheat exports for 2007

Rediff.com   14 Feb 2007

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.

Tax breaks for savings deposits

Tax breaks for savings deposits

Rediff.com   12 Feb 2007

Move will provide a big boost to banks.

Reliance retail scores over local stores

Reliance retail scores over local stores

Rediff.com   8 Feb 2007

Kirana shops and greengrocers have found a new challenge to grapple with.

Reliance vs retailers: Customers win

Reliance vs retailers: Customers win

Rediff.com   8 Feb 2007

Kirana shops and greengrocers have found a new challenge to grapple with.

Core sector bonds may be tax-free

Core sector bonds may be tax-free

Rediff.com   7 Feb 2007

Sources said Finance Minister P Chidambaram might make an announcement in this connection in Budget 2007-08, as part of his overall strategy for raising long-term finance for infrastructure.

Dairy producers' profits dry up on inflation

Dairy producers' profits dry up on inflation

Rediff.com   6 Feb 2007

Milk powder Exports of 65,000 tonnes threatened, milk prices fall Re 1 a litre.

Sugar barons lose Rs 1,600 crore

Sugar barons lose Rs 1,600 crore

Rediff.com   5 Feb 2007

Price decline causes wealth erosion.

Is that your brand riding the rickshaw?

Is that your brand riding the rickshaw?

Rediff.com   1 Feb 2007

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.

Tax break norm deals PFs a double blow

Tax break norm deals PFs a double blow

Rediff.com   30 Jan 2007

The amendment now makes it compulsory for corporate PF trusts to comply with the Employees Provident and Miscellaneous Provisions Act, 1952, and to claim exemptions under Section 17 of the same Act.

Local firms in rural retail thrust

Local firms in rural retail thrust

Rediff.com   24 Jan 2007

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.

Zinc majors take the cue, cut prices

Zinc majors take the cue, cut prices

Rediff.com   24 Jan 2007

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.