The sugar industry is now awaiting a subsidy from the government to make exports viable, as prices have fallen in the international market.
A major reshuffle in the top brass of nationalised banks is on the cards, with the finance ministry's banking division scheduled to hold interviews for the posts of five chairpersons on January 24.
At present, the service tax rate stands at 12 per cent. Added to this is a 2 per cent education cess, bringing the incidence to 12.24 per cent.
The recent tie-up between ITC and Japanese trading company Marubeni would focus on China, Vietnam and the Philippines apart from Japanese and the domestic market.
To increase the deposit base, the banking industry is likely to press for restoration of tax exemption on interest income, increase in ceiling for tax deduction at source
The free pricing regime in the general insurance industry has come into force, with the Insurance Regulatory and Development Authority clearing all the revised rates filed by general insurers.
Discounted schemes withdrawn on days when load is heavy; Trai not happy.
Oil marketing companies together would have to make investments of a few hundred crores of rupees to create the facilities that would enable them to blend ethanol in petrol.
While the 5 per cent ethanol blended petrol programme has missed three deadlines
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