Petrol attracts a total excise duty of Rs 17.46 per litre.
Our country needs massive investment in access of Rs 50 lakh crore in infrastructure to increase growth of GDP and integrate the nation with a network of roads, airports, railways, inland water and to provide good quality services to the people: FM
Union Road Transport & Highways Minister Oscar Fernandes said his ministry has decided to take up and fast track few expressway projects for the benefit of the industry.
Industry experts on Friday called upon the new BJP-led NDA government to focus on attracting investments in key sectors, especially the infra space, to revive growth and investor confidence.
Mukesh Ambani-led RIL, which had a cash chest and marketable securities worth over Rs 90,000 crore (Rs 900 billion) at the end of the last fiscal, is known for very effectively managing its financial resources by placing them in liquid instruments and highly rated securities.
No one expects the government to publicly concede policy mistakes. But it can shed denial; and, stop the point-winning debating style to the formulation of public policy, says Rahul Khullar.
Daily wage earners and casual low income group workers were the worst affected
A sum of Rs 7060 crore is provided in the current fiscal for the project of developing one hundred Smart Cities.
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Markets ended lower on profit taking ahead of June F&O expiry.
Indian roads are far more unsafe than its railways. A sense of urgency is required to tackle India's embarrassing record on road safety.
Land acquisition costs have gone up to almost 50% of total project cost.
A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
'Today, bankers don't want to take risks as the good decisions taken by them were not protected.' 'There is risk involved in all decisions, like businessmen taking risks in their businesses.' 'A banker must have taken a decision when the economic condition was different, and you cannot question him on the basis of the present situation in hindsight.' 'Naturally, this has affected the morale of bankers.'
The infrastructure space was one of the worst victims and things were at standstill.
For debt-laden companies, asset sales is an obvious solution.
The govt has a lot more to do then just open bank accounts for the poor in the Jan Dhan scheme.
'For investors who are willing to remain invested for two - three years, there exist quite a few good opportunities.'
Can the country afford to have problems of such magnitude in the cities of Gurgaon, Bengaluru, Pune and Hyderabad, which not only are the major growth drivers but are also the biggest revenue contributors in their respective states?
Markets surged on hopes that the exit polls would show that the BJP winning majority in the general elections.
RNOR status is a sub-set of the Resident Status.
The 30-share Sensex ended down 35 points at 26,349 and the 50-share Nifty ended down 20 points at 7,864.
Even given politicians' penchant for self-promotion, Tamil Nadu Chief Minister Jayalalithaa takes it to another level altogether, says A Ganesh Nadar. Nothing wrong with it, provided it's not done at the tax-payer's expense.
Money is being released and the government knows it will have to front-run private investment.
Tax incentives to have cascading effect on the capital goods industry.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
The public-private partnership model is a compulsion, says the minister.
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