India, desperate to trim a gaping current account deficit, took a slew of measures last year to curb demand for bullion
Excise exemptions may be whittled in Budget to offset higher govt salaries, pensions
The interim finance minister said the Insolvency and Bankruptcy Code was helping in recovery of non-performing loans.
Last week, Power Secretary Pradeep Kumar Sinha said that the government is confident of adding 1,18,000 MW capacity by 2017.
The Rajya Sabha is slated for a 12-hour discussion on the Motion of Thanks to the President's address to the joint session of the two Houses of Parliament, which also includes the reply by the prime minister, which is likely next Tuesday.
>It's not easy to predict the market. But there are at least two positive factors to back the PSU banks, explains Tamal Bandyopadhyay.
In yet another round of sops, Finance Minister Jaswant Singh on Wednesday said the exemption on dividend distribution tax to open-ended equity-oriented scheme of mutual funds should continue for full year beyond March 2004.
Terming infrastructure as the "backbone" of any nation's development, Goyal while presenting the interim Budget for 2019-20 in the Lok Sabha said India aspires to be a USD 10 trillion economy in the next eight years, and on the anvil is next generation infrastructure of roads, railways, seaports, airports, urban transport, gas and electric transmission and inland waterways.
The meeting of the Congress Parliamentary strategy group was held at the residence of party President Sonia Gandhi.
While MSI's price cuts range between Rs 8,502 and Rs 30,984 across its models, Hyundai has slashed prices by between Rs 10,000 and Rs 135,300.
'The allegations of government involvement in targeted assassinations abroad are likely to help, not hurt, the ruling party.' 'True or false, they convey a sense of muscularity and, in some quarters, are celebrated as a harbinger of 'great power' status.'
Aam Aadmi Party convenor and Delhi Chief Minister Arvind Kejriwal on Saturday asserted that the Bharatiya Janata Party will not form the government on June 4 and said if the Indian National Developmental Inclusive Alliance (INDIA) comes to power, the direction and fate of the country will change.
China on Wednesday announced a 12.2 per cent increase in its defence budget taking the military spending for this year to $132 billion, far above India's $36 billion.
In the current year, India's economy will grow to become $ 3 trillion economy, sixth largest in world.
Excise duty on small cars, motorcycles and SUVs was reduced.
The Budget proposed abolishing the under-performing, authority of advance ruling, to replace it with a two-member board of advance ruling.
Hussain said the new government had inherited an "empty treasury" while the prices of oil were shooting up.
Goyal said India has been recognised as the brightest spot in the world in the past 5 years.
The battle on creating jobs is virtually lost. If the battle for achieving higher growth too is lost, then its political consequences could become difficult to manage, says A K Bhattacharya.
Data showed the country's wholesale price-based inflation eased to an eight-month low in January as food prices moderated, offering some relief to policymakers who have long battled to get a handle on surging prices.
This amount will include Rs 13,100 crore that Economic Affairs Secretary Subhash Garg has been publicly seeking from the central bank's contingency reserve fund since 2017-18 (FY18).
Under the Budget being presented by Finance Minister Pranab Mukherjee, the Plan expenditure for both the Centre and the states will go up by Rs 61,000 crore (Rs 610 billion) over the Interim Budget.
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.
Finance Minister P Chidambaram on Monday sought to lighten the burden on the middle class by lowering excise duty on cars, SUVs and two-wheelers and proposed no increase in taxes on other products.
The Indian Railways has closed 2013-14 with a 15 per cent increase in revenue, rising to Rs 1,40,485 crore, compared to Rs 1,21,831 crore last year.
The five-time prime minister was re-appointed to the job on May 12 following the political circus precipitated by the unprecedented economic crisis in the island's history.
The tax collections are down by Rs 60,000 crore (Rs 600 billion) over budget estimates for 2008-09, Pranab Mukherjee said.
Tax expert Anil Rego answers readers' questions about how Finance Minister Piyush Goyal's Budget affects you.
You don't prep for 2028 but for 2040, or even 2044. Sustained sporting excellence is based on mass support, grassroots development, and funding - and it is this trifecta India needs to work on, systematically, asserts Prem Panicker.
Stocks might hit new highs even before B-Day.
Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
The government will have to allocate more resources for banks in the Budget.
CBDT feels 30% growth in income-tax not feasible.
Survey likely to be tabled in July by the new government.
The budget constraints notwithstanding, the All India Football Federation is looking for a technical director whose profile is bigger than former national coach Bob Houghton, according to AIFF officials.
The government on Monday said the fiscal deficit for the current financial year will be contained at 4.6 per cent of GDP.
In the Interim Budget, Finance Minister Nirmala Sitharaman announced that a high power committee would be set up to consider the challenges arising from 'fast population grown and demographic changes.' 'But who wants data? It pays to feed people's fears, insecurities and apprehensions. If such fears don't exist, they must be created,' her husband Parakala Prabhakar says in this fascinating excerpt from his book, The Crooked Timber of New India: Essays on a Republic in Crisis.
However, the revised target, 16.7 per cent higher than stated in the interim Budget in February, looks unrealistic.
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
'Rahul Gandhi should have prevented Nitish Kumar from going.' 'He must pacify Mamata Banerjee if he has a cause of Mohabbat Ki Dukaan.' 'He should bring this Mohabbat Ki Dukaan on the political canvas.'
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