The regulators have proposed changes in the norms for inclusion of mutual funds in the scheme.
The information technology would generate 70 lakh (7 million) jobs by 2009.
Unveiling the reform agenda for the Budget, Finance Minister P Chidambaram has said a comprehensive law would be prepared next year to overhaul the Income Tax Act.
The duty for two-wheelers and small cars has been brought down to 12 per cent in the Budget proposals, a move, two-wheeler manufacturers feel, would lead to unfair competition. "The excise duty on two-wheelers and three-wheelers should be brought down to 8 per cent," Chairman of Bajaj Auto Rahul Bajaj said.
Hyundai Motor India and General Motors have announced cuts in prices of their small cars, following the finance minister's announcement of excise duty reduction on small cars
The survey is a report card on the nation's economy, tabled before the Budget, and is the finance minister's review of the economy and his assessment of the prospects of the economy.
Do you think FBT should be scrapped and India Inc be given alternative choices?
The Prime Minister's Economic Advisory Council on Wednesday favoured more income tax sops as also a revision in indirect tax rates on consumer durables in Budget 2008-09 to fire up the economy.
Country's fiscal deficit touched Rs 516,390 crore or 95.2 per cent of the annual target during April-December, the Controller General of Accounts said.
Enthused by over 36 per cent increase in direct tax collections during 2007-08, Finance Minister P Chidambaram on Monday asked the department to aim for higher collections this fiscal than the Rs 3,65,000 crore (Rs 3,650 billion) estimated in the Budget for 2008-09.
India Inc on Tuesday sought tax cuts in the forthcoming Budget, even as it asked the government to move towards an effective goods and services tax rate of 15 per cent in the next few years.
Leading economists advised Finance Minister P Chidambaram to rationalise taxes in the forthcoming Budget.
Announcing the Cabinet Committee on Economic Affairs decision, Finance Minister P Chidambaram said a Special Purpose Vehicle would be set up for the project.
Congress MP Rahul Gandhi on Thursday made a strong speech in Parliament demanding the widening of the scope of relief granted to farmers through the loan waiver scheme announced by Finance Minister P Chidambaram in the Budget 2008-09.two crucial changes to widen the arc of relief as the party prepares for crucial electoral battles ahead.
Advertising is always done with the target audience in mind and considering the local culture and milieu, it is not about one size fitting all, says ace ad man Nagesh Alai.
Government will roll out National Rural Employment Guarantee Act scheme in all the 596 rural districts in the country in 2008-09.
FM announced no change in peak rate of customs duty for non-agriculture imports.
Comprehensive tax reforms would be carried out in the next budget after taking into account the suggestions of Kelkar Task Force, which will submit its report within a few days, Finance Minister P Chidambaram said on Monday.
The government on Wednesday cleared the long-discussed proposal to hike foreign direct investment limit in the telecom sector to 74 per cent from the current 49 per cent, Finance Minister P Chidambaram said after Cabinet meeting.
What would you have done if you were India's finance minister?
Allocation for schemes only for SCs and STs to be increased to Rs 3,271 crore (Rs 32.71 billion).
Cheer up, the coming Union Budget might just make your imported tipple more affordable - on a par with local booze.
Pranab Mukherjee's stewardship of the economy will stand out as much for the manner in which he managed controversies as for creating quite a few of them, says A K Bhattacharya.
'Will Mr Jaitley listen, or is that expecting too much in pre-election season?' asks T N Ninan.
Bankers expect a stable interest rate this year after Finance Minister P Chidambaram promised to keep government borrowings lower than the budgeted Rs 1,00,836 crore (Rs 1008.36 billion) during 2005-06.
The IRDA favours for a hike in FDI cap from 26 to 49 per cent and amendments in legislations to enable greater flexibility in investment.
The event is set to witness a lot of fireworks as it provides yet another opportunity to a section of ruling party critical of the UPA regime's economic policies.
After launching the ATM service at Thiyagaraya Nagar Head Post Office, Chidambaram said that Rs 4,909 crore had been allocated for the IT modernisation of Department of Posts in the interim budget for 2014-15.
As a common citizen, I am concerned about the lowering of interest rate on bank deposits since most people who do not want to speculate are dependent only on the interest income, says Nalini Chidambaram.
In the wake of recent hike in airline fares owing to rise in aviation turbine fuel prices, the Civil Aviation Minister Praful Patel on Thursday met Union Finance Minister P Chidambaram and sought reduction in excise duty on the fuel in the Budget.
On the Budget day, the market was extremely restless. We review for you stocks we recommended, in view of the Budget and the third quarter results.
