'The PM of India was 20 km away from the Pakistan border and he is one of the persons under extreme threat from that country and they put his life in danger.'
The Finance Ministry may introduce a proposal in Budget 2008-09 to allow urban cooperative banks to get tax deductions up to a specified limit for the amount they set aside as provisions for bad loans.
"The two-wheeler industry is one of the very few industries which has witnessed a degrowth during the last fiscal due to lack of funding options in rural areas," Hero Honda Managing Director Pawan Munjal said on the sidelines of Hero Mindmine Summit.
The measures are part of a package of nine concessions that were suggested by the commerce ministry around eight weeks ago and are awaiting cabinet approval.
The committee on financial inclusion, headed by C Rangarajan, the chairman of Prime Minister's Economic Advisory Council, has recommended that the profits transferred to their reserves by such banks should be exempted from tax till the banks achieve the standard capital adequacy ratio (CAR).
Gujarat Congress on Friday made scores of electoral promises targeting 75 per cent of the electorate which includes the OBC, SC-ST, minority, differently-abled and dalit voters.
So how do you rate the NDA government's election-year budget? Does it meet your expectations? Or do you feel let down?
Export-Oriented Units (EOUs) in the country are likely to continue to enjoy income-tax benefits even after the ensuing deadline of March 2009.
Amidst Covid scare, hundreds of pilgrims paid obeisance at the famous Ragnya Devi temple in Jammu and Kashmir's Ganderbal district on Friday for the annual Kheer Bhawani mela, praying for peace in the union territory and for the pandemic to end.
The polling will be held between 7 am and 2 pm in 34 constituencies -- 17 each in Kashmir and Jammu divisions. Besides DDC elections, polling will be held for panchayat bypolls in 50 vacant sarpanch seats and 216 vacant panch seats falling within the DDC constituencies, an official spokesman said.
Ruling out the implementation of value-added tax from June 1, Finance Minister Jaswant Singh on Wednesday announced several excise duty concessions on edible oil and textiles.
Sugar mills may get some relief from the government following a proposal to raise the interest rate subsidy on loans against excise duty paid by the mills during the last and current financial years.
Delhi Chief Minister Arvind Kejriwal on Friday announced annual revision of auto fares based on inflation, provision for training of drivers by transport department and relaxation in some of the rules for them.
The decision came just ten days after his two-year-old government announced it will provide compensation to 128 families of the infamous 1989 Bhagalpur riots, who were till now denied compensation.
The government gives transport assistance for export of flowers while floriculture is yet to be defined as agriculture denying the growers several benefits available to farmers. It said Indian Council of Agricultural Research and state agricultural universities should increase their efforts in developing elite varieties and production technology suitable for the domestic climate.
They have been moved to a SAI empanelled hospital as a precautionary measure for further monitoring.
Commerce and Industry Minister Anand Sharma had earlier said the government would not hesitate in assisting sectors that employed huge amount of people if they failed to achieve growth. Some of those sectors were handicrafts, textiles, leather, engineering goods, rice and carpets.
Airlines such as IndiGo, Air India, Vistara and AirAsia India have decided to go with the new attire to ensure safety of cabin crew members as they are in close proximity to passengers during flights
In a bid to end India's dominance in the outsourcing industry, China has announced that it will not levy operating taxes on offshore service outsourcing business in 21 of its key cities till 2013 to promote growth of the industry.
The senior officials of the health ministry apprised the minister on various improvements that have been made to make the pan India dry run glitch free, such as number of telephone operators has been increased to answer every possible query from the teams on the ground conducting the dry run.
The Budget is expected to make some key announcements, including relief package for farmers, poor and sops for the middle-class.
Sports Minister Kiren Rijiju on Tuesday said a team has been formed to draw up a post-lockdown Standard Operating Procedure (SOP) to be followed by athletes, coaches and other staff during outdoor training that will resume in a "planned manner". He assured the athletes that their training will resume soon but given the risks the coronavirus pandemic poses, the process will involve consultations with home and health ministries.
The forthcoming Budget, the last full one before the 2019 Lok Sabha elections, is expected to contain a number of sops and feel-good announcements, especially regarding social sector schemes.
Maruti Udyog Ltd, India's largest car-maker, has lowered prices between Rs 3,000 and Rs 5,000 on its cars following a reduction in the concessional central state tax offered by the Haryana government.
'There are deliberations on whether there can be lowering of income taxes and other sops to keep more money in the hands of taxpayers, enabling them to spend more and boost demand.'
Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse: IT Minister Ravi Shankar Prasad.
The ongoing key reforms such as sops for manufacturing, easier labour laws, wooing FDI inflows and privatisation will help improve productivity and support long-term growth at 7.5-8 per cent levels, which if played out well, can help India contribute 15 per cent of global GDP growth by FY2026, says a report. According to a report pencilled by the India economist at UBS Securities, Tanvee Gupta Jain, the country has the lowest manufacturing costs among peers, even though China retains significant ecosystem advantages and despite that India and Vietnam appear most likely to benefit from a shift out of China.
The government on Wednesday issued new guidelines for international arrivals amid the spread of mutant variants of coronavirus in many countries.
"I don't want you to cry but with anger, you have to shout and demand that we need 50 per cent reservation," the CJI said.
Gujarat reported 2,165 cases, Maharashtra 1,188, Uttar Pradesh 663, Madhya Pradesh 590, Haryana 339 and Andhra Pradesh 248 cases.
Interest subsidy to cost Rs 200 cr for the government.
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