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.
Finance Minister Jaswant Singh has decided to communicate with MPs and VVIPs through e-mail to reduce time and improve efficiency.\n\n\n\n
Setting at rest speculations of an vote-on-account next year, Finance Minister Jaswant Singh on Friday said the government will present a 'full budget,' as the prime minister had made it clear that there would be no early Lok Sabha elections.
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.
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.
Finance Minister Jaswant Singh will soon convene a meeting of state chief ministers to work out details for implementation of the much-delayed value added tax in the country.
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
Terming the 13 economic bills cleared during the Parliament session as 'building blocks for the future', the finance minister said the government is geared up to hasten reforms.
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.
Finance Minister Jaswant Singh said on Friday that the economy was too serious a matter to be budget-centric and a constant and year-long attention was required to ensure a higher growth.
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.
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.
Actor-politician Shatrughan Sinha, who joined the Congress ahead of the Lok Sabha election, lost to Union minister Ravi Shankar Prasad from Patna Sahib constituency in Bihar by 2.84 votes.
