The Finance Ministry may introduce a proposal in Budget 2008-09 to allow urban cooperative banks to get tax deductions up to a specified limit for the amount they set aside as provisions for bad loans.
"The two-wheeler industry is one of the very few industries which has witnessed a degrowth during the last fiscal due to lack of funding options in rural areas," Hero Honda Managing Director Pawan Munjal said on the sidelines of Hero Mindmine Summit.
The crew of 120 will be quarantined for a week and the shoot will begin on August 15, and go right up to September 20.
The measures are part of a package of nine concessions that were suggested by the commerce ministry around eight weeks ago and are awaiting cabinet approval.
The committee on financial inclusion, headed by C Rangarajan, the chairman of Prime Minister's Economic Advisory Council, has recommended that the profits transferred to their reserves by such banks should be exempted from tax till the banks achieve the standard capital adequacy ratio (CAR).
Gujarat Congress on Friday made scores of electoral promises targeting 75 per cent of the electorate which includes the OBC, SC-ST, minority, differently-abled and dalit voters.
Export-Oriented Units (EOUs) in the country are likely to continue to enjoy income-tax benefits even after the ensuing deadline of March 2009.
Ruling out the implementation of value-added tax from June 1, Finance Minister Jaswant Singh on Wednesday announced several excise duty concessions on edible oil and textiles.
Sugar mills may get some relief from the government following a proposal to raise the interest rate subsidy on loans against excise duty paid by the mills during the last and current financial years.
So how do you rate the NDA government's election-year budget? Does it meet your expectations? Or do you feel let down?
Delhi Chief Minister Arvind Kejriwal on Friday announced annual revision of auto fares based on inflation, provision for training of drivers by transport department and relaxation in some of the rules for them.
The decision came just ten days after his two-year-old government announced it will provide compensation to 128 families of the infamous 1989 Bhagalpur riots, who were till now denied compensation.
'The PM of India was 20 km away from the Pakistan border and he is one of the persons under extreme threat from that country and they put his life in danger.'
The government gives transport assistance for export of flowers while floriculture is yet to be defined as agriculture denying the growers several benefits available to farmers. It said Indian Council of Agricultural Research and state agricultural universities should increase their efforts in developing elite varieties and production technology suitable for the domestic climate.
The polling will be held between 7 am and 2 pm in 34 constituencies -- 17 each in Kashmir and Jammu divisions. Besides DDC elections, polling will be held for panchayat bypolls in 50 vacant sarpanch seats and 216 vacant panch seats falling within the DDC constituencies, an official spokesman said.
Commerce and Industry Minister Anand Sharma had earlier said the government would not hesitate in assisting sectors that employed huge amount of people if they failed to achieve growth. Some of those sectors were handicrafts, textiles, leather, engineering goods, rice and carpets.
Amidst Covid scare, hundreds of pilgrims paid obeisance at the famous Ragnya Devi temple in Jammu and Kashmir's Ganderbal district on Friday for the annual Kheer Bhawani mela, praying for peace in the union territory and for the pandemic to end.
In a bid to end India's dominance in the outsourcing industry, China has announced that it will not levy operating taxes on offshore service outsourcing business in 21 of its key cities till 2013 to promote growth of the industry.
Airlines such as IndiGo, Air India, Vistara and AirAsia India have decided to go with the new attire to ensure safety of cabin crew members as they are in close proximity to passengers during flights
They have been moved to a SAI empanelled hospital as a precautionary measure for further monitoring.
The senior officials of the health ministry apprised the minister on various improvements that have been made to make the pan India dry run glitch free, such as number of telephone operators has been increased to answer every possible query from the teams on the ground conducting the dry run.
The Budget is expected to make some key announcements, including relief package for farmers, poor and sops for the middle-class.
The forthcoming Budget, the last full one before the 2019 Lok Sabha elections, is expected to contain a number of sops and feel-good announcements, especially regarding social sector schemes.
Maruti Udyog Ltd, India's largest car-maker, has lowered prices between Rs 3,000 and Rs 5,000 on its cars following a reduction in the concessional central state tax offered by the Haryana government.
Sports Minister Kiren Rijiju on Tuesday said a team has been formed to draw up a post-lockdown Standard Operating Procedure (SOP) to be followed by athletes, coaches and other staff during outdoor training that will resume in a "planned manner". He assured the athletes that their training will resume soon but given the risks the coronavirus pandemic poses, the process will involve consultations with home and health ministries.
'There are deliberations on whether there can be lowering of income taxes and other sops to keep more money in the hands of taxpayers, enabling them to spend more and boost demand.'
Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse: IT Minister Ravi Shankar Prasad.
Interest subsidy to cost Rs 200 cr for the government.
The Union Budget 2010-11 presented by the Finance Minister Pranab Mukherjee in the Lok Sabha on Friday, provides boost to the research and development (R&D) activity across all sector of economy.
Players seek separate deduction for long term savings, or alternatively hike in exemption limit U/s 80 C; also seek longer period of carry forward of losses under Income Tax Act and also to increase FDI limit from 26% to 49%
Prime Minister Manmohan Singh on Monday indicated withdrawal of tax exemptions to prevent their misuse.
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