Of the people whose data the income tax department now has, email and SMS queries have been sent to 13 lakh people.
'It was like a doctor giving some simple pain killers to a patient in dire requirement of chemotherapy.' 'There was no sense of urgency or desperation in this particular Budget.'
After holding discussions with the FM, the Sebi chief said the government thought it was an opportune time to levy the LTCG tax as the "markets are booming."
The rupee had risen for the fifth straight session on Thursday.
The government last year introduced the Insolvency and Bankruptcy Code.
The mutual fund industry is certain that the Sensex, which plunged to below 16,000-level on Friday, has hit rock bottom and there is only one way the market would move from here, which is upward. The move to provide more disposable income in the hands of individuals is also good for the markets. The Asset Management Companies are of the opinion that the India growth story is definitely on as far as the medium-to-long-term future is concerned.
FM has asked RBI and bankers to take a call on reducing home loan rates on popular demand.
The duty for two-wheelers and small cars has been brought down to 12 per cent in the Budget proposals, a move, two-wheeler manufacturers feel, would lead to unfair competition. "The excise duty on two-wheelers and three-wheelers should be brought down to 8 per cent," Chairman of Bajaj Auto Rahul Bajaj said.
Balakrishnan said Nasscom had predicted that impact on jobs due to non-extension of STPI scheme might result in loss of 400,000 jobs in three to four years.
In post-Budget comments, the finance minister said that the Budget would stimulate investment and consequently growth.
Education companies have withstood the recent bear onslaught on the stock markets as they have a great future ahead.
The government is open to providing more capital than that announced in the Budget.
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
Just a day after the Budget 2007-08, Finance Minister P Chidambaram asked the industry to 'hold the price line to contain inflation' on Thursday.
There would be a marginal 3% increase in freight rates.
Pakistan on Wednesday offered to export cement to India, a move that may help lower the commodity's market price by at least Rs 20 per bag of 50 kg
Finance Minister P Chidambaram on Monday said the government was not resorting to price control in the cement sector and invited industry players for talks on duty differential measures announced in the Budget 2007-08.
Transcript of the market chat held on February 7.
The Reserve Bank on Saturday promised to ensure adequate liquidity in the economy so that productive sectors are not hampered and starved of funds for investment.
The best way for the railways to become more professional will be to get corporatised.
He has now to show that he can take on the vested interests within the railways which are resisting change through corporatisation
Jagdish Chhokar, founder-member of the Association for Democratic Reforms says there should be a law to regulate the functioning of political parties.
Finance Minister Arun Jaitley said that at a time when the private sector has been somewhat conservative in investments, public investment always takes the lead.
Cess upto 2 per cent will be levied
Finance Minister Arun Jaitley on Saturday proposed to infuse Rs 7,940 crore funds next fiscal in the public sector banks.
Converting what was supposed to be an interim budget or a vote on account into an almost full-fledged budget announcement in the Lok Sabha, Finance Minister Piyush Goyal proposed an array of incentives for both middle-class and farmers, whose disenchantment was said to have cost the BJP dearly in recent assembly elections.
The finance ministry and the Reserve Bank of India will work together to ensure price stability and benign interest rates in the economy, Finance Minister P Chidambaram said on Saturday.
The economic think-tank National Council of Applied Economic Research on Thursday revised downward marginally India's economic growth to 6.62 per cent due to deceleration in farm output in 2004 even as fiscal deficit was slated to shrink to 4.52 per
Now that everyone on the Dalal Street is 'revising' the target for the benchmark BSE-30 upwards, especially after a good Budget, the premise of the same has to be questioned.
A new comprehensive Income Tax bill will be drawn up by the next fiscal end to clean up complex and archaic laws, Finance Minister P Chidambaram said on Friday.
The finance ministry on Monday defended the budget proposal on a sun set clause for tax sops to special economic zones, saying it is a normal practice in any kind of fiscal concessions.
Yechury said the aim should be how to protect our economy from slowdown
The market is now likely to 'wait' for signs of softening of crude prices
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