CII director general Tarun Das said, "It has outlined new strategies for growth with reduction of excise duty."
Finance Minister Jaswant Singh is likely to trigger off pension reforms for the unorganized sector in this Budget by exempting tax on a standardized pension policy, which could be sold by insurers at a meager price.
The finance ministry's proposal to set up a National Tax Tribunal has moved a step closer with the law ministry finding no objection with the plan.
Finance Minister Jaswant Singh will walk a fine line between economic and political priorities next week when he unveils a Budget that could begin urgently needed tax reforms in Asia's third-largest economy.
The government on Tuesday assured the Rajya Sabha that officials found guilty by the Joint Parliamentary Committee, which looked into the stock scam and the temporary freeze on Unit Trust of India's flagship scheme 64 will not be spared.\n\n\n\n
A committee would be set up by the finance ministry to consider the long-pending demand of ex-servicemen for a 'one-rank one-pension' scheme.
The government on Thursday approved a slew of foreign direct investment proposals worth Rs 193 crore (Rs 1.93 billion) including one by global courier service major DHL Worldwide to enhance stake in its domestic arm.
Finance Minister Jaswant Singh will launch screen-based retail trading in government securities (G-sec) on the stock exchanges
One-time solution for IDBI, IFCI soon: FM
In the first big ticket measure towards full capital account convertibility, the government announced that mutual funds could invest abroad up to $1 billion in listed companies.
The Vijay Kelkar task force on direct and indirect taxes, submitted its report to Finance Minister Jaswant Singh.
Stung by widespread criticism within the ruling Bharatiya Janata Party, Kelkar Committee on tax reforms is expected to submit watered down final reports on direct tax and indirect taxe
In a bonanza to its employees ahead of the ensuing Lok Sabha elections, the government on Friday decided to merge 50 per cent of dearness allowance with the basic pay
Finance Minister Jaswant Singh on Wednesday cleared 30 foreign direct investment proposals worth Rs 130.25 crore.
Parliament Tuesday approved the Companies (Amendment) Bill, 2002 with Rajya Sabha returning it after Finance Minister Jaswant Singh assured that a comprehensive legislation on the subject would be introduced in the budget session of the Parliament.
The government on Thursday cleared 40 foreign direct investment proposals worth Rs 501.14 crore (Rs 5.01 billion), including Rs 323.42 crore (Rs 3.23 billion) investment by Swiss major Campagnie Michelin.
Finance Minister Jaswant Singh on Tuesday projected a growth of 7.5-8 per cent for the fiscal 2003-04 in the face of strong economic fundamentals.
Finance Minister Jaswant Singh on Tueday presented the Interim Budget for 2004-05 in the Lok
'The fact that a rural Kashmiri boy was brainwashed into killing himself and others means there is an active programme that exists which does such recruiting and there will potentially be other such individuals out there,' warns Aakar Patel.
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