This move to make it easier for funds to avail of tax exemptions.
The hospitality and travel industry players expressed disappointment after the General Budget 2009-10 announcements, with the sector not even finding a mention in the finance minister's speech.
The Committee, which has been set up in pursuance of the announcement made by the Minister in his Budget speech, will also suggest whether the unclaimed deposit should come to government or be kept in a separate account.
CST Mumbai, Pune, Nagpur, Howrah, Sealdah, Thiruvanathapuram, Chennai, Bhopal, Madhura Junction, New Jalpaiguri and Kochi are some of the stations that will be modernised.
Railway Minister Mamata Banerjee presented the Railway Budget on Friday. In her third Railway Budget speech, Banerjee said atleast one doctor will be available on long distance trains.
Going by the current pace, UIDAI seems unlikely to meet the target of issuing a million Aadhaar numbers a day to cover half the country by 2013.
The best way for the railways to become more professional will be to get corporatised.
Tuesday's bridge collapse once again puts the spotlight on the city's urban infrastructure and a dire need for its development.
On the Sensex chart, IndusInd Bank was the top gainer, rallying over 11 per cent, followed by ICICI Bank, SBI, HDFC, M&M and Axis Bank. On the other hand, Dr Reddy's, Tech Mahindra and TCS were among the laggards.
The issue of alleged tax evasion by Indians through banks and other entities in offshore locations, specially Switzerland, has been matter of a political debate in India.
While a host of pro-public announcements made by her in the last Railway Budget (2010-11) have been implemented, Indian Railways' finances have gone from bad to worse.
There will be a review of employee compensation arrangement in the light of the new rules.
A 27-year-old professional shares the ordeal he underwent in the last three years after pursuing a course in animation from Delhi.
The losses in state elections in Rajasthan, Madhya Pradesh, and Chhattisgarh have put the ruling party under pressure to announce swift measures aimed at addressing rural distress and lack of employment.
'The only good thing is people will not be required to maintain their medical bills and invest time in that.'
Chief Economic Advisor Arvind Subramanian's interview.
Union Railway Minister Mamata Banerjee presented the Railway Budget for 2009-10 in Parliament on Friday.
The ministry of civil aviation will seek a complete rollback of service tax levied on domestic air travel in the recent Budget, Civil Aviation Minister Praful Patel said on Wednesday.In his Budget speech on February 26, Finance Minister Pranab Mukherjee had proposed a service tax of 10 per cent on both domestic and international travel. Earlier, the service tax was restricted only for international travel.
The agricultural growth package mooted in the Union Budget for 2010-11 seems well conceived but not adequately supported by funding for its key elements. This, surprisingly, is despite the 21.6 per cent increase in the overall Central plan outlay for agriculture and allied sectors, the highest hike in recent years.
Take a look at government subsidies and their growth as a percentage of GDP over this period.
The 66-year-old finance minister underwent a successful kidney transplant surgery in mid-May and was on leave since April due to kidney-related problems and chest infection.
No limit exists on the number of electoral bonds that a person (including corporate entities) can purchase.
As expected, there have been no major announcements in the Interim Budget.
Oops, no, onions don't look tempting enough to be part of our investment portfolio for this year! Nor drumsticks!
In the last year Budget too, the Government targetted to raise Rs. 40,000 crore through disinvestment in the current fiscal.
Prime Minister Narendra Modi on Monday urged people to pledge not to do anything that lowers the dignity of women, saying a mentality to insult them in speech and conduct has crept in.
There is no doubt that agricultural gross domestic product may grow by 4.6 per cent this year.
A large part of this fund would be raised through public offers made to retail customers, he said.
A host of companies, including giants like Reliance Industries are rushing in to finalise their interim dividend payments to outsmart a hike in dividend distribution tax (DDT) proposed in the Union Budget.
Finance minister tries to put house in order before reforms are unveiled in February.
23% increase for Highways: The allocation during the current year to the National Highways Authority of India (NHAI) for the National Highways Development Programme (NHDP) has been stepped up by 23 per cent over the 2008-09 (BE).
The government on Friday proposed a nearly 16-fold increase at Rs 1,900 crore (Rs 19 billion) for Unique Identification Authority of India (UIDAI) headed by Infosys founder Nandan Nilekani.
Mukherjee could not implement nine of the promises he made in his Budget for 2009-10 and most of these pertained to significant areas of the economy.
Prime Minister Narendra Modi on Monday expressed confidence that the NDA will get more than 400 seats and the BJP will win at least 370 seats in the Lok Sabha elections.
Congress MP Ghulam Nabi Azad during his retirement speech in Rajya Sabha on Tuesday summed up his more than four-decade-old political career in few Urdu couplets and a brief speech.
If P Chidambaram's Budget speech was an hour-long attempt at presenting his government's and his own record in a good light - as he is perfectly entitled to do - such a "marketing" effort invites the recounting of an alternative retelling of the record.
Instead of worrying about imported gold, FM should broaden the tax base to dispel concerns about govt-driven inflation.
Global experience in allowing corporate groups to set up banks reveals that stringent regulation is the best defence against malpractice.
He said most of the states where farmers were committing suicide were being run by Congress or its United Progressive Alliance constituents. "We (NDA government) had left the country in a healthy economic state. Now things are bad," he alleged.
Indian Railway Catering and Tourism Corporation is set to face a decline of Rs 300 million ( Rs 30 crore) in revenues from sale of online rail tickets in the coming financial year as a result of the reduction in service charge announced in the Rail Budget last month.
