The finance ministry has rejected a cut in duties to avoid an increase in petro prices even as Petroleum Minister Mani Shankar Aiyar will begin a consensus-building exercise within the UPA for a fuel price hike.
The finance ministry is likely to tone down some of the provisions of Fringe Benefit Tax and moderate the conditionalities for Banking Cash Transaction Tax proposed in the Budget.
If you are a senior citizen who is looking at earning regular returns without taking on too much risk, the Senior Citizens Savings Scheme is the place to be.
The FM has not only resolved this entire turnover tax issue, it has also arrived as a win-win situation for all the market participants.
Finance Minister P Chidambaram in his Budget announcements proposed a hike in sectoral caps in telecommunications from the existing 49 per cent to 74 per cent. Take the Rediff Business Quiz and find out how much you know about the telecom industry.
This is part of a proposal to provide drinking water to several cities that face a shortage.
A day before the announcement of the Union Budget for 2004-05, the Economic Survey called for "overhauling" the tax exemption regime saying low Tax:GDP ratio was a prime concern and it was coming in the way of improving government finances.
The party's research department team, which Rajya Sabha member M V Rajeev Gowda heads, has sifted through the suggestions received in the last five months, and the manifesto is slated to be released later this month, reports Archis Mohan.
The finance ministry and the Reserve Bank of India will work together to ensure price stability and benign interest rates in the economy, Finance Minister P Chidambaram said on Saturday.
'The Budget that Mr Jaitley will present on February 29 will be crucial.'
Let's take a quick look at what could become more expensive and what will cost lesser now.
The FM has levied 0.1 per cent tax will be levied on withdrawal of cash of Rs 10,000 and above from banks on a single day. So if you withdraw Rs 10,000 from the bank on a single day, you will need to pay a tax of Rs 10 on it.
P Chidambaram says all options are on the table.
Ranked here are companies (on the basis of operating margin and return on net worth) in FY94 and in FY04 to understand the change in dynamics.
The Society of Indian Automobile Manufacturers has asked the government to scrap about 70 million old vehicles, including cars, even as a transporters' body opposed any such move which could severely affect the domestic auto industry.
Economists on Saturday urged Finance Minister P Chidambaram to give a "big push" to the economy by stepping up investment in agriculture and infrastructure besides rationalising taxes, introducing value added tax
In an era of falling interest rates, major trade unions on Friday pitched for restoring 12 per cent return on small savings schemes
Finance Minister P Chidambaram on Monday said the Indian economy is in a resilient mode and his priority would be to consolidate the growth momentum with special emphasis on agriculture, manufacturing and employment.
Who will be India's new finance minister, when Dr Manmohan Singh will take oath as India's 14th prime minister on Saturday? Tell us.
Students pursuing professional courses can now get loans up to Rs 4 lakh (Rs 400,000) at concessional rates, following a directive from the government that banks should step up education loans.
The meeting has been called as the Finance Minister P Chidambaram did not extend a March 31 deadline for the trusts to get regular tax exemption through the Employees' Provident Fund Organisation.
Finance Minister P Chidambaram has decided to impose 20 per cent tax on corporate unit holders of mutual funds.
