Officials said the oil marketing companies had provided data to the Income Tax department.
Being one of the early commentators to flag economic slowdown and caution investors on corporate earnings, Gautam Chhaochharia, head of India research, UBS Securities, in an interview with Hamsini Karthik says the markets remain in an expensive zone despite the recent correction.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
While Rakesh Jhunjhunwala is up 14.9% during the year to Rs 12,381 cr, Ashish Dhawan is up 68.4% to Rs 810 cr, Ashish Kacholia is down 23.4% to Rs 515 cr, Rajiv and Dolly Khanna are down 74.6% to Rs 116 cr and Vijay Kedia is down 6.2% to Rs 294 cr.
Vistara needs to launch more aircraft into service.
On a day the United Progressive Alliance government was voted out of power, it committed a gaffe by withdrawing a railway tariff hike within hours of announcing it.
Signals received from the government in the past one year reflect a state of utter confusion, says Abhishek Tripathi.
Foreign airlines charge $100-200 or euro 75-150 for excess baggage, while Indian airlines charge Rs 300-500 per kg above 15 kg.
'The Modi regime is not willing to use its huge political capital for taking any economic policy measure that it fears might undermine that political strength, says A K Bhattacharya.
Despite the headwinds both on the domestic and global fronts, Ramesh S Damani, member, BSE and a prominent investor, says India will weather a global trade war better than a lot of other Asian countries.
The finance minister defended the change in the tax rates.
'That Modi and the BJP can continue to treat the rising and expanding middle class this way shows that they have gamed its mind quite perfectly,' argues Shekhar Gupta.
'Underestimating its potential implications, in the event of an 'adverse' verdict, could turn out to be a huge political blunder,' says Mohammad Sayeed Malik, the distinguished commentator on Kashmir.
and three times when you should actually use them
Lowering excise duty on petrol, diesel, and other fuels, branded fuels.
Asian shares ended higher after a string of positive US economic data.
Here's what's in it for you!
A raise in the I-T exemption limit has been sought by many.
Modi's'Make in India' drive launched last September included laying out a model of "port-led" development that would support industrial growth.
Rates to go up as Delhi power regulator works out plan to liquidate past dues.
'On the tax front, most of the Budget proposals are sensible'.
Finance Minister Arun Jaitley presented the Union Budget.
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
'Greenpeace has been brutal in targeting both India and the Manmohan Singh government. The push to go after Indian coal is driven by its long-term agenda. What is surprising is that China has not been meted out the same treatment, despite the fact that the rise of China as an economic power has been built around generating power from coal. 'Being richer and more affluent, yet far less democratic, there is less room for an NGO such as Greenpeace to drive home a complicated global agenda, so there is more of a tendency to go along with anything the Chinese offer despite China being the biggest by far with regard to coal use. But for India, it reserves tougher prescriptions, notably for its middle class, says Srinivas Bharadwaj.
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