Credit rating agencies have been raising red flag over high debt to GDP ratio of India.
Asia's first Special Economic Zone, the Kandla Special Economic Zone (KASEZ), will go completely wi-fi in the next few months.
The government also proposed promoting 'one product one district' for better marketing and export of horticulture crops. It also called on states for early implementation of three key central model laws on land leasing, agriculture produce and livestock marketing and contract farming.
The biggest subsidy is on money orders with a per unit subsidy of Rs 25.80. This alone adds about Rs 287 crore to the postal deficit, the Survey said.
Sources in the Fifteenth Finance Commission said that they will implement the provisions after the bill is enacted and the President makes a reference to it.
Govt squeezed capital expenditure, and also cut revenue expenditure, that does not go into creating assets, by 11% in H1
Annual plan of 65 ministries and depts hiked 27%.
Direct tax collections increased by 41.8 per cent to Rs 1,44,286 crore (Rs 1442.86 billion) during the April-December period this fiscal due to continued buoyancy in corporate earnings.
The meeting was about capex, and as the country is on the growth path, the companies were advised to increase capex, NLC India Chairman and Managing Director S K Acharya said after the meeting.
The Centre is likely to cut budgetary support to the railways by around Rs 5,000-10,000 crore for 2018-19, out of the total budgeted GBS of Rs 53,060 crore. Due to this cut in GBS, the railways is likely to depend more on borrowings, asset monetisation, and internal generation to meet the capex target of Rs 1.465 trillion for the current year.
For the first eight months of the current financial year, the figure stood at Rs 7.17 trillion.
'The government must provide more funds to enable the armed forces to fight and win tomorrow's wars,' states Brigadier Gurmeet Kanwal (retd).
More services such as ATM operations are proposed to be brought within the service tax net.
The partially convertible rupee closed at 60.30/31 per dollar compared with 60.28/29 on Friday.
In a circular, the home ministry said the revised cash management system, formulated by the ministry of finance, has to be followed in view of the changes in tax receipt under the GST regime.
Air India's turnaround plan staggered over a period of 9 years.
The government has fixed the target of indirect tax collection, comprising customs, excise and service tax, at Rs 5.65 lakh crore for 2013-14.
India's rank in the World Bank's ease of doing business index cannot get better unless more attention is paid to bringing about procedural reforms in the way states run their governments and provide various approvals for trade and industry, says A K Bhattacharya.
The 30-share Sensex ended up 8 points at 27,508 and the 50-share Nifty closed 1 point higher at 8,284.
Retail inflation rose 4.38 per cent year-on-year in November, the slowest pace in data going back to January 2012.
The increase in prices of jet fuel by about nine per cent would put an additional burden of Rs 550 crore (Rs 5.5 billion) on national carrier Indian and the airline has asked the government to consider levying a fuel surcharge on air travel or hiking
The Centre is grappling with the question of its fiscal roadmap not only for this year but for 2018-19
Finance Minister P Chidambaram set apart Rs 45.50 crore for its preparations.
The railways total earnings recorded an 8.3 per cent growth at Rs 33,900 crore (Rs 339 billion) up to December this year as compared to the corresponding period in the previous year.
Union Railway Minister Lalu Prasad Yadav presented the Railway Budget for 2004-2005 in the Lok Sabha on Tuesday (July 6, 2004).
This is the Centre's highest-ever budgeted capital outlay.
Fiscal deficit has come down by over 34 per cent to Rs 53,235 crore (Rs 532.35 billion) in the first half of 2004-05 mainly due to government's expenditure control measures and higher tax mop up.
Public sector carrier Indian Airlines has posted a net profit of Rs 5.95 crore (Rs 59.5 million) in the first quarter this fiscal against the budget estimate of a net loss of over Rs 19 crore (Rs 190 million).
The announcement of a deferral is expected to be part of Finance Minister Arun Jaitley's Budget speech on February 29.
Accounting for the first Advance Estimates for 2017-18, an additional planned borrowing of Rs 200 billion, the fiscal deficit could come in at 3.35 per cent of GDP.
The central government's fiscal deficit climbed to Rs 81,014 crore (Rs 810.14 billion) for the first six months of the financial year 2003-04.
The finance ministry may succeed in collecting over Rs 2,52,900 crore (Rs 2,529 billion) in taxes to meet the revised estimate for 2003-04 despite hefty refunds.
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