News

Railway Budget Row Ends, PM Accepts Dinesh Trivedi's Resignation

Prime Minister Manmohan Singh has accepted Dinesh Trivedi's resignation as Railway Minister.

Mar 19, 2012

Dinesh Trivedi Resigns; Mukul Roy to be New Railway Minister

Union Railway Minister Dinesh Trivedi, who was adamant not to step down till his party chief and West Bengal Chief Minister Mamata Banerjee asked him in writing, has resigned on Sunday evening after speaking to her.

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

Arvind Kejriwal Served Notice for Derogatory Remarks on MPs

Arvind Kejriwal, a core member of Team Anna, has run into legal trouble for comparing MPs to rapists, murderers and looters.

Mar 17, 2012

Is it Narendra Modi vs Rahul Gandhi in Next Parliamentary Elections?

Have the thought of Gujarat Chief Minister Narendra Modi taking on Congress leader Rahul Gandhi in the next parliamentary elections ever crossed your mind? Well, it may happen if the opinion of Time magazine has anything to go by.

Mar 17, 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 Budget 2012-13: Luxuries Become Dearer

It might have appealed to the common man when Finance Minister Pranab Mukherjee, while presenting the Union Budget 2012-13 in the parliament Friday, announced the decision to raise tax exemption limit to Rs. 2 lakh. But, virtually, people are going to lose more money since service tax, excise tax and customs duty are going to be raised. The budget is the most discomforting to people who seek luxuries of life.

Mar 17, 2012

Manmohan Singh: 'Compulsions of Managing a Coalition'

In the midst of speculation whether Trinamool Congress Chief Mamata Banerjee is on the United Progressive Front's board after her recent protest about price rise in the Union budget 2012-2013, the Prime Minister Manmohan Singh has maintained "these are compulsions of managing a coalition."

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

Opposition Parties Call Union Budget Anti-Poor

Finance Minister Pranab Mukherjee, who presented Union Budget 2012-13 in the Parliament Friday, said his aim was to bring economy back on track. Prime Minister Manmohan Singh described it as a budget that aims at a faster and sustainable economy.

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

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

Time for Congress to Break Ties with Mamata's Trinamool?

They are still holding on to each other but the crack is obvious. Mamata Banerjee's Trinamool Congress has become sort of a pain in the neck for the Congress-led UPA government with the former openly going against some bold steps taken by the Congress.

Mar 16, 2012