Mar 17, 2012 at 12:51 | Source: PTI
Cement may become dearer by Rs 5 per 50 kg bag in view of the Budget proposal today to raise excise duty to 12% from 10% earlier. "The hike in excise duty will push up the sales cost by Rs 5 per bag.
Mar 17, 2012 at 12:44 | Source: PTI
Cement prices are likely to go up after the government's proposed hike in excise duty on the building material from 10% to 12%.
Mar 16, 2012 at 19:00 | Source: PTI
Passengers travelling in all AC classes and first class will have to pay charges in addition to the recent hike in train fares with the General Budget today bringing journeys in them under the ambit of service tax.
Mar 16, 2012 at 18:46 | Source: Reuters
India's annual budget on Friday fell short of market hopes for tougher fiscal tightening measures. The government, facing political turmoil, fended off pressure to produce an even more populist plan, yet stopped short of offering meaningful economic reforms that might have cheered investors.
Mar 16, 2012 at 17:12 | Source: Reuters
Rating agency Standard & Poor's does not foresee any immediate negative implication on India's sovereign rating after the government outlined a high fiscal deficit target in the budget for the next fiscal year, said Takahira Ogawa, director of sovereign & IPF ratings.
Mar 16, 2012 at 17:00 | Source: PTI
In a Budget that raised fears of furthering inflationary pressures, Finance Minister Pranab Mukherjee today hiked excise duty and service tax by 2% across-the-board to raise Rs 45,940 crore while offering marginal relief to individuals in income tax foregoing Rs 4,500 crore.
Mar 16, 2012 at 16:46 | Source: Reuters
Finance Minister Pranab Mukherjee played it safe in unveiling the federal budget on Friday, pledging reforms but setting only modest targets for trimming a ballooning fiscal deficit, disappointing investors.
Mar 16, 2012 at 16:32 | Source: Reuters
There is a strong case for lowering interest rates in India following a significant drop in the core inflation, R. Gopalan, secretary of economic affairs in the ministry of finance, said on Friday.
Mar 16, 2012 at 16:22 | Source: Reuters
Tata Motors will increase prices of all its commercial and passenger vehicles with immediate effect, the company said, in amounts proportionate to the increase in excise duty announced in the 2012-13 budget on Friday.
Mar 16, 2012 at 16:00 | Source: PTI
Terming it as "good", Congress today welcomed the budget and lauded Finance Minister Pranab Mukherjee for giving some concessions despite tough economic condition across the world.