There are both positive and negative impacts of the tax, but the net result for India's infrastructure sector is advantageous, says Vinayak Chatterjee.
The Petroleum Ministry has asked for Rs 26,000 crore (Rs 260 billion) as fuel subsidy for the third quarter of this financial year, but the finance ministry is inclined to provide only Rs 10,000 crore (Rs 100 billion) cash support.
Asian shares ended higher after a string of positive US economic data.
Suddenly the sands are shifting and even friends are acting strange.
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'
If successful, this would increase capacity to hurl small satellites into space, meeting both local demand and serving global customers.
An application filed by a Lucknow scribe has claimed that the son of slain journalist, Jagendra Singh, was pressurised and threatened by the alleged killers of his father, following which he had written a letter to his lawyer on July 23 wishing to withdraw the petition.
Small and medium enterprises had complained of tedious compliance burden under the Goods and Services Tax
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The Oil Ministry on October 31 issued orders asking upstream oil and gas producers like ONGC and Oil India Ltd to give Rs 16,729.74 crore (Rs 167.29 billion) to make up for 47 per cent of the Rs 35,328-crore (Rs 353.28 billion) revenue that retailers lost on selling diesel, domestic LPG and kerosene at government controlled rates in second quarter.
The government plans to transfer all subsidies including food, fertiliser and kerosene, potentially taking direct payments to more than $60 billion.
Dr Kalam, the scientist with the poet's heart, started the journey of his life from a small town in Tamil Nadu.
The recent withdrawal of subsidies on cooking gas and kerosene to Bhutan, since revived, has raised the hackles in China, with a state-run daily saying India will not allow Bhutan to freely engage with it.
Under pressure from his party, Oil Minister M Veerappa Moily said the government is considering increasing the quota of subsidised LPG cylinders to 12 per household even as hints were dropped of a one-time hike in diesel and LPG rates
The government allocated Rs 650 billion for petroleum subsidies in FY14, of which Rs 450 billion was used to pay oil marketing companies for the subsidy gap incurred in the previous financial year.
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The first phase would comprise universal access to banking facilities. Under this, basic bank accounts with zero balance, RuPay debit card and financial literacy, will have to be completed in the next one year, officials said.
#GiveItUp but no matching LPG connections for BPL
These have been selected based on the earnings growth prospects and favourable (buy) ratings by brokerages
The research found that 50% of the people were receiving either nothing or less cash than they were entitled in lieu of the subsidised grains that were stopped under the pilots starting from September 2015 till May 2016.
If you want to see what life was a few decades ago in the megapolis, visit Mumbai's 92-year-old BDD chawls.
These are companies with a strong track record and good prospects on earnings.
The assessment in the security establishment is that in view of the huge turnout in the first two phase of polling there will be more desperate attacks in the next few weeks before winter intensifies and all possible infiltration routes become inaccessible due to snow, says Nitin A Gokhale.
A substantial part of a catholic church in northeast Delhi's Tahirpur area was gutted when a fire broke out at its premises on Monday morning with the Christian community suspecting foul play in the incident.
A Ganesh Nadar meets a community of Rohingya refugees on the outskirts of Chennai who are happy to have found a place where their lives are not in danger.
The overdraft facility has been sanctioned in only 40,000 accounts
Current events in Haryana have set the state back 20 years. But this is just the beginning. Let's play a game. Let's try figuring out how much further the state can slide.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
Let's see which other lawmakers chose funky ways to get to Parliament:
Low fuel prices to help oil marketing and refining sectors but upstream players will stay under pressure.
Analysts are enthused by BPCL's upstream foray and have re-rated the stock in the past couple of years.
Over 20 political parties, except the Biju Janata Dal and the Communist Party of India-Marxist-led Left Front, took part in the massive rally.
The outgo for major subsides, is the highest in the first quarter.
Expectations are that the government will use the Union Budget to create an environment, which is conducive for growth.
As Odisha and Andhra Pradesh gear up for the arrival of Cyclone Phailin, here's a brief summary of what you should and should not do during a cyclone.
'In contrast to the generally buoyant tone of the Economic Survey in January, he sounds uncharacteristically pessimistic, saying that forces in the world economy -- slowing global trade, protectionism, robots -- will limit India's manufacturing to levels well below what propelled East Asia's economies decades ago.'
According to estimates, if the companies are not allowed to raise petrol rates at least Rs 5 a litre by the first fortnight of September, they might begin to suffer underrecoveries on this decontrolled auto fuel, too -- for the first time this financial year.
Every dollar increase in crude oil price will add Rs 4,000 crore to the overall underrecovery.
Over 6,000 people are feared to have been killed in the devastating floods, cloudbursts and landslides in Uttarakhand in June, the government said on Tuesday.
The situation in Sirsa remained tense but under control, according to police.
Do the students who chanted pro-separatist slogans and their teachers/supporters want the army to withdraw from Kashmir or not fight the terrorists?
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