Live: Soon a demat account to keep all asset details, says FM
Feb 17, 2014 at 16:30 | Source:
4:30 pm: Will create one demat account to keep details of all financial assets, says FMThe Finance Minister said that they were hoping that they would have a single account to keep details of all financial assets. "We want to create one record w...
Live: Chidambaram says excise duty cuts could cost Rs 300 crore
Feb 17, 2014 at 15:30 | Source:
3:50 pm: Chidambaram banks on volumes replacing revenuesThe Finance Minister brushed aside pessimism over planned expenditure coming down and said it was a result of ministries saving money and them saving it."The revenues not collected by the g...
Budget 2013-14: Income tax slabs unchanged; cars to be cheaper
Feb 17, 2014 at 15:12 | Source:
Pic Courtesy: - Zee Media Bureau/Ajeet Kumar/Reema SharmaNew Delhi: Presenting the Interim Budget 2014 in Parliament Finance Minister P Chidambaram on Monday proposed no changes in income tax slabs. However, he slashed the excise duty from 12 percen...
Market live: Today's budget is just a farewell speech by FM, says BJP
Feb 17, 2014 at 13:43 | Source:
13:44 pmPolitical sniping has begun in earnest. BJP spokesperson Prakash Javdekar told CNBC-TV18: "It's a farewell speech by the FM. I won't even give three out of 10 to the Vote on Account. It won't promote growth or bring down inflation. The o...
Market live: New govt may have to rethink duty cuts on auto sector
Feb 17, 2014 at 12:45 | Source:
12: 42 pm Even though the auto sector is cheering the duty cut on cars announced by finance minister P Chidambaram today, the relief may be short lived as experts believe theduty cuts may have to end on June 30 when the new government comes to power....
Market live: FY14 fiscal deficit seen at 4.6%, Nifty gives up gains
Feb 17, 2014 at 11:14 | Source:
11 am As the finance minister P Chidambaram presents the Interim Budget 2014 in Parliament, markets have given up almost all gains.While the Nifty is up just 9 points at 6050, the BSE Sensex is up 30 points at 20398.However, the finance minister said...
Market live: Sensex choppy, investors await FM's spending plans
Feb 17, 2014 at 10:42 | Source:
10:35 am: Just 30minutesleft to Finance Minister P Chidambaram's vote on account and markets continue to remain choppy. While the BSE Sensex is up 53 points at 204119, the Nifty is up 12 points at 6057.Markets are not betting on any major policy anno...
Budget live: Sensex cautious, Budget may be non-event for markets
Feb 17, 2014 at 09:12 | Source:
Sensex cautious, Budget may be non-event for markets9:30 amFinance Minister P Chidambarams last budget for the UPA-2 is unlikely to be a major trigger for the market as this is an interim budget and the government will not make any big announcements....
Government approves FCI plan to raise Rs 8,000 crore via long-term bonds
Feb 10, 2014 at 04:37 | Source:
NEW DELHI: Government has approved a proposal of the Food Corporation of India to raise up to Rs 8,000 crore through long-term bonds to meet working capital requirement. The nodal agency for procurement and distribution of foodgrains, FCI is facing ...
Government cancels Rs 15k cr bond auction, switches Rs 27k cr debt
Feb 06, 2014 at 05:46 | Source:
MUMBAI: In view of government's comfortable liquidity position, RBI has cancelled Rs 15,000 crore bond auction and switched Rs 27,000 crore worth of papers into longer tenor gilts. "It has been decided to cancel the deferred auction scheduled on Janu...
Videocon plans new set-top box plant with 1 mn annual capacity
Jan 13, 2014 at 04:42 | Source:
NEW DELHI: Videocon Industries will set up a new set-top box manufacturing unit with an annual capacity of one million by the end of this year. "We will set up another plant that will have a production capacity of 1 million units annually by end of ...
RBI may postpone debt switch plan to FY15: Dy Gov Khan
Jan 09, 2014 at 17:29 | Source:
New Delhi: In order to maintain stability in debt market the Reserve Bank may postpone its Rs 50,000 crore debt-switch programme to next fiscal, RBI Deputy Governor H R Khan said."Discussions are going on. It (debt switch not happening this year...
First National Wind Energy Mission to begin by mid-2014
Jan 08, 2014 at 06:37 | Source:
NEW DELHI: The government will launch its first wind energy mission this year to give a boost to the renewable source and putting it in the same league as the high-profile solar mission. The 'National Wind Energy Mission (NWEM), which would be launc...
Jan 03, 2014 at 07:27 | Source:
Calcutta Telegraph News
New Delhi, Jan. 2: In the run up to a vote-on-account next month, the finance ministry has asked all ministries and departments to stick to the revised estimates (RE) of Budget 2013-14 while seeking changes in fund use. A letter sent to all ministri...
FCI seeks govt nod to raise Rs 8,000 crore through bonds
Dec 22, 2013 at 13:12 | Source:
NEW DELHI: Faced with liquidity crunch, the Food Corporation of India has sought government's approval to raise up to Rs 8,000 crore through long-term bonds for meeting working capital requirement. FCI, the nodal agency for procurement and distributi...
Public sector banks may have to set up insurance broking arms by February
Dec 16, 2013 at 22:12 | Source:
The Hindu BusinessLine
The Finance Ministry is planning to make it mandatory for public sector banks to float insurance broking arms by February and sell policies of multiple insurance companies, a top Finance Ministry official said. At present, banks are allowed to tie u...