Moneycontrol Budget 2012 News

FM to hold pre-Budget meet with state FMs, industry today

Wed, 16 Jan 2013 09:56:26 +0530

Finance minister P Chidambaram will hold pre-Budget consultations with state finance ministers and industry chambers on Wednesday.

FIEO for refund of state levies, creation of exporter fund

Tue, 15 Jan 2013 15:45:58 +0530

Apex exporters body FIEO asked government to announce measures in the Budget like refund of certain state levies, creation of an export development fund and credit availability at affordable rates to boost country's shipments.

Budget: Assocham asks for further hike in railway fares

Tue, 15 Jan 2013 15:28:13 +0530

Industry body Assocham asked the government to further raise the rail passenger fares of to finance the huge investments required for modernisation and safety of Indian Railways.

Govt may do away with inverted duty structure in Budget

Tue, 15 Jan 2013 15:00:47 +0530

The government is considering doing away with inverted duty structure, under which finished goods are taxed at lower rates than raw material, for certain items in chemicals-related sectors, with a view to boosting manufacturing, sources said.

India can achieve 4% agri growth in 2012-17: Pranab

Tue, 15 Jan 2013 15:00:41 +0530

President Pranab Mukherjee said the country can achieve the targeted 4 per cent growth in the agriculture sector during the 12th Plan period with the help of better seeds, improved water management practice and balanced use of fertilisers and pesticides, among others.

Budget 2013-14: Will it help insurance sector?

Tue, 15 Jan 2013 14:33:43 +0530

Finance Minister P. Chidambaram rolled out his pre-budget consultations on 2 January this year. Since 2014 is an election year, the Union Budget 2013-14 is expected to smack of populism.

GAAR clarification significant relief for FIIs: Khaitan

Tue, 15 Jan 2013 12:54:17 +0530

Finance minister P Chidambaram on Monday deferred implementing the controversial general anti-avoidance rule (GAAR) to April 2016. Daksha Baxi, ED-Taxation of Khaitan Co told CNBC-TV18 the much awaited clarification on GAAR was a significant relief for the foreign institutional investors.

Bullish on IT; see realty demand picking up: Morgan Stanley

Tue, 15 Jan 2013 09:18:39 +0530

In an interview to CNBC-TV18, Gaurav Doshi, vice president, Morgan Stanley PWM gives his outlook on the market performance.

Mehraboon Irani's best bets: TCS, Infy OIL

Tue, 15 Jan 2013 09:14:45 +0530

In an interview to CNBC-TV18, Mehraboon Irani of Nirmal Bang Securities shared his reading and outlook on markets and specific stocks.

Budget 2013-14: GAAR amended and deferred, the fine print

Mon, 14 Jan 2013 21:20:18 +0530

Eight months after the passage of the Finance Bill, the finance ministry today finally sought to cap concerns over the General Anti Avoidance Rules (GAAR) by deferring them for two years, making it clear that foreign capital inflows and the rupee take precedence over concerns of black money.

Budget 2013-14: Exporters unlikely to get tax sops in the Budget

Mon, 14 Jan 2013 19:23:33 +0530

Reeling under the impact of global slowdown, exporters are unlikely to get tax sops in the forthcoming Budget as the government has little room for fiscal manoeuvre, sources said.

Budget 2013-14: Railways misses passenger, freight earning target

Mon, 14 Jan 2013 19:17:16 +0530

Railways have failed to meet its target in passenger and freight earnings during the period of April to December, 2012. The total passenger earnings during this period were Rs 23,025.36 crore as against the target of Rs 23,536.41 crore.

Budget 2013-14: AEPC seeks Budget incentives to boost textiles exports

Mon, 14 Jan 2013 16:38:39 +0530

To boost textiles exports, apex garments industry body AEPC today sought measures like customs duty reduction on synthetic fabric and adequate availability of credit at affordable rates in the next budget.

GAAR issue: FIIs likely to pay STCG tax, says BMR's Butani

Mon, 14 Jan 2013 15:04:41 +0530

Implementation of the controversial GAAR (General Anti-Avoidance Rules) has been deferred by two years to April 2016 by finance minister P Chidambaram. The new rules have also exempted non-resident investors in FIIs from its purview.

GAAR deferred to April 2016, won't apply to NRI in FIIs: FM

Mon, 14 Jan 2013 14:11:57 +0530

Finance minister P Chidambaram on Monday deferred implementing the controversial GAAR (General Anti-Avoidance Rules) aimed at curbing tax evasion, to April 2016. This is in line with what the Shome Committee reviewing the rules had recommended to the government.