In a bonanza to its employees ahead of the ensuing Lok Sabha elections, the government on Friday decided to merge 50 per cent of dearness allowance with the basic pay
Government has ordered prosecution against Jet Airways for alleged violation of various sections of the Companies Act, 1956, on account of financial transactions, including dividend paid out of profits.
The government on Thursday cleared 40 foreign direct investment proposals worth Rs 501.14 crore (Rs 5.01 billion), including Rs 323.42 crore (Rs 3.23 billion) investment by Swiss major Campagnie Michelin.
Finance Minister Jaswant Singh on Tuesday projected a growth of 7.5-8 per cent for the fiscal 2003-04 in the face of strong economic fundamentals.
Finance Minister Jaswant Singh on Tueday presented the Interim Budget for 2004-05 in the Lok
Ready with the "groundwork", the Empowered Committee on value-added tax is likely to press for President's nod on VAT Bills of at least nine states by May 25
Finance Minister Jaswant Singh on Friday hinted that value added tax might not take off as scheduled in June as not all states have agreed to its implementation.
The government will be able to keep its fiscal deficit lower at 5.4 per cent during 2003-04 than the budgeted 5.6 per cent of GDP, despite the give-aways announced by Finance Minister Jaswant Singh on January 8, according to rating agency ICRA.
The Reserve Bank of India on Friday said fiscal deficit situation would be better than the budget estimate of 5.6 per cent of GDP for 2003-04, while inflation rate will start falling in the coming days.
The Union Cabinet on Thursday is believed to have deferred a proposal for hiking foreign investment cap in telecom sector to 74 per cent from the existing 49 per cent.
Buoyed by 8.4 per cent growth in the second quarter, Finance Minister Jaswant Singh said on Friday that growth of India's gross domestic product would be even better in the subsequent quarters
Union Finance Minister Jaswant Singh has said the Indian economy is sturdy enough to face any challenge thrown up by the Iraq war.\n\n\n\n
He did not announce any rollback on diesel price hike.
I am very pleased with the first Budget of Jaswant Singh. Positive moves have far exceeded the negative ones. The impetus to the industry has been very high particularly in the infrastructure sector.
I would place this Budget on very high pedestal. Finance Minister Jaswant Singh has done a commendable job
Top finance ministry officials and members of Planning Commission on Friday gave a thumbs up to the Union Budget 2003-2004 saying Finance Minister Jaswant Singh had laid out a roadmap for greater flow of investment and industrial growth.
Budget to be presented on Friday is expected to carry out a "clean up" operation of tax administration besides measures to spur growth.
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