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.
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The GDP numbers destroy any hopes of an economic rally prior to the elections, and the installation of a new government.
In his interim Railway Budget for 2009-10, Lalu announced the extension of 2187/2188 Jabalpur-Mumbai-Jabalpur biweekly Garib Rath Express to Allahabad. The trouble, however, is that the Jabalpur-Mumbai-Jabalpur Garib Rath does not exist!
Presenting the Interim Railway Budget 2009-10 in the Lok Sabha on Friday, the minister said this is in addition to the bullet train proposals between Delhi-Amritsar, Ahmedabad-Mumbai-Pune, Hyderabad-Vijayawada-Chennai, Chennai-Bangalore-Ernakulam and Howrah-Halida which were announced in 2007-08 Railway Budget.
Venting his anguish over disruptions in Parliament, Prime Minister Manmohan Singh on Wednesday said his heart bleeds over what is happening in the House and it is sad for democracy.
Gandhi added the minimum income guarantee would be implemented across the country.
As per convention, Railways releases the new time table -- Trains at a glance -- every year on July one across the country. Sources said this year the Railway Time Table Committee, comprising senior officials from various zones, will sit after the Railway Budget is tabled in Parliament.
Inability to take everyone along during his nearly four-year term led to Trivendra Singh Rawat's undoing. He tried to take control of all major departments by holding on to more than 40 of them, but still could not deliver.
It is possible that the Centre has now become wiser and has decided to follow an allocation system which gives it more from Integrated GST and helps boost its revenues, says A K Bhattacharya.
'Any future course of action towards active participation in the alliance when formed would need a lot of deliberation, long term vision and should be in our best national interests,' notes Commodore Vengalil Venugopal (retd).
'Rather than abolishing stamp duty as STT is already levied on all transactions, the government has de-facto imposed a state STT in the guise of stamp duty'
A ban on cash transaction of more than Rs 3 lakh has been proposed in the Budget for 2017-18.
'Whoever whispered in his ears that go for demonetisation, misled him completely' and the PM lacked the sagacity to know that it would not work, Yashwant Sinha tells Archis Mohan.
In a message to public sector banks (PSBs) that only performers will survive, the government, in an unprecedented move, has decided to allocate capital to only nine PSBs.
Thanks to the increased thrust on cow protection, the enforcement of the ban on cow slaughter and the relentless crusade by cow vigilantes, the agrarian ecosystem from Haryana to Uttar Pradesh has been irrevocably altered. There's a huge spike in the number of stray cattle roaming the countryside, destroying crops. Ten cows/bulls take barely an hour to eat and destroy a bigha of crop land.
After the government backtracked on its plan to impose Customs duty on pricier components, Samsung has decided to begin production of key mobile parts in Noida from April.
Prime Minister Singh has assigned a senior Congress leader to placate the President, who is upset with Finance Minister P Chidambaram, reports Anita Katyal.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
With the introduction of the single window clearance provision, pre-production windows are expected to reduce significantly. Not only will it have an impact on the operational cost of the film, it will also allow studios to release films faster.
Lalu laid the two-volume report immediately after he presented the railway budget for 2005-06.
The decision in this regard, however, is expected to be taken by the new government.
The pension reforms Bill is likely be passed with the Bharatiya Janata Party (BJP) deciding to support it in the parliamentary standing committee. The Bill has been pending since 2005. Its revised version was tabled in the Budget session of Parliament this year.
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The railway minister said that one-third studies have already been done.
Most of the large Indian IT services players, such as TCS, Infosys, Wipro, and HCL Tech, have signalled increased offshoring efforts and opting for local hires in the US, primarily to address the immigration-related challenges.
Sheela Bhatt says the only logical question to be asked after the listless Cabinet reshuffle is: Has Congress President Sonia Gandhi started losing her grip over the political situation?
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
The Centre -- running out of cash, and time before the Budget to meet its fiscal deficit target -- will get as dividend Rs 3,964 crore (Rs 39.64 billion) from its flagship listed firm Oil and Natural Gas Corporation (ONGC).
The original idea was to replace the existing schemes for scheduled castes and tribes.
In a most perverse example of tax bullying, someone I know has got by three such notices reopening his assessment minutes before the midnight deadline of June 30, reveals Debashis Basu.
The Congress party will have an elected president by June 2021, with the party's working committee on Friday approving holding the internal election after the assembly polls.
Only nine of the airline's 370 daily flights were making profits.
The first 100 days of any government should be a period when it is allowed to get its act together, with no media pressure for faster, higher, says Indira Jayaraman.
If the presentation made by the Commission to the chief ministers is followed in letter and spirit, central sector and sponsored schemes will no longer be the domain of central ministries alone.
Three new non-stop Duronto trains will be launched on Wednesday, the last day of the current financial year. They are the New Delhi-Bhubaneswar, New Delhi-Howrah, and Delhi Sarai Rohilla-Jammu Tawi Duronto expresses.
The price for pushing the envelope beyond the comfort zone that the land of storytelling is used to is a hefty one, observes Meghna Chadha.
Many ministries couldn't use the allocated funds since it came into force, resulting in much-needed savings.
United States Vice President-elect Kamala Harris has named her Chief of Staff, Domestic Policy Advisor and National Security Advisor -- an all-women team -- which she said has the experience to hit the ground from day one.
The Union Minister of Railways, Lalu Prasad while presenting the Interim Railway Budget 2009-10 in the Lok Sabha on Friday, announced the introduction of 43 new trains which include four Garib Raths.
Dutta was president of United Airlines, where he worked for nearly twenty years. He also served as the president of Air Sahara for two years. Moreover, he was an advisor to the restructuring of both Air Canada and US Airways.
Emergency measures are needed to avoid "a total collapse in public security, health, education, transport and environmental management," a decree in the state's Official Gazette said.
