Business news

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Monday fixed the reference rate for the US dollar at 50.1245 rupees and the euro 66.0025 rupees.

Mar 19, 2012

India, Africa Set $ 90 Billion Business Target

India and African nations have decided to set a $90-billion business target to be met by 2015.

Mar 18, 2012

Railway Budget 2012 Fiasco Continues: Dinesh Trivedi Not Resigning Lamely

The Trinamool Congress party wants its party member and Railway Minister Dinesh Trivedi to step down following his decision to hike train fare but he is not resigning lamely. He wants a written request from the party chief to quit.

Mar 17, 2012

India Inc Welcomes Union Budget 2012-2013

Leading business bodies and industrialists in the country welcomed the Union Budget 2012-2013 presented by the Union Finance Minister Pranab Mukherjee, Lok Sabha Friday.

Mar 16, 2012

BSE Sensex Falls After India's Modest Budget

The BSE Sensex fell for second consecutive days following the presentation of India's annual budget for the fiscal year.

Mar 16, 2012

Union Budget: Government to Move Amendments for Banking, Insurance Laws

The official amendments to "The Pension Fund Regulatory and Development Authority Bill 2011", "The Banking Laws (Amendment) Bill, 2011" and "The Insurance Laws (Amendment) Bill 2008" will be moved in the current session of the Parliament.

Mar 16, 2012

Union Budget: Rs. 4,000 Crore Allocated to Rural Housing Fund

Presenting the General Budget 2012-13 in Lok Sabha Friday, Union Finance Minister Pranab Mukherjee announced various mashers for mitigating shortage of housing for low income groups.

Mar 16, 2012

Union Budget 2012-13: Summary

The Union Budget 2012-13 identifies five objectives to be addressed effectively in the ensuing fiscal year. Here is the summary of the general budget.

Mar 16, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Friday fixed the reference rate for the US dollar at 50.3130 rupees and the euro 65.8262 rupees.

Mar 16, 2012

Union Budget 2012-2013: Rationalization Measures in Indirect Taxes

Presenting the General Budget for 2012-2013 in Lok Sabha, Friday, the Union Finance Minister Pranab Mukherjee has announced various rationalization measures, including excise duty rationalization for packaged cement.

Mar 16, 2012

Union Budget 2012-2013: Service Tax Rate to be Raised From 10% to 12%

Presenting the Union Budget for 2012-2013 in the Lok Sabha Friday, Finance Minister Pranab Mukherjee announced that service tax rate would be marginally raised from 10 percent to 12 percent.

Mar 16, 2012

Union Budget 2012-2013: Agri Customs Duty to be Reduced to 2.5 Percent

Carrying forward the initiatives taken for agriculture and agro-processing sectors, the government proposed to reduce basic customs duty from 7.5 percent to 2.5 percent on sugarcane planter, root or tuber crop harvesting machine and rotary tiller and weeder and parts for the manufacture of these.

Mar 16, 2012

Union Budget 2012-2013: Fiscal Deficit to Come Down to 5.1% of GDP

The fiscal deficit in the Union Budget 2012-13 has been pegged at Rs 5,13,590 crore which is 5.1% of the GDP.

Mar 16, 2012

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Union Budget 2012-13: Highlights

Finance Minister Pranab Mukherjee Friday presented the budget for 2012-13 in the Parliament. Here are the highlights of the budget.

Mar 16, 2012

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London Olympics: Sports Ministry to Take up the Dow Matter Directly

The Ministry of Youth Affairs and Sports to took up the matter directly with International Olympics Committee (IOC) urging it to go beyond lesser considerations, and in the larger interests of the ideals of human rights, compassion and solidarity, cancel the sponsorship of Dow Chemicals for the London Olympics, 2012.

Mar 15, 2012