Finance Minister against burdening salaried, middle class with more taxes

Finance Minister Arun Jaitley today said that he does not favour burdening the salaried and middle-class with more taxes but would go after the evaders in widening the net.In an interview to PTI, the Minister said that he will encourage more money being put in the pockets of tax payers that will lea...

Efforts made at state, Centre, regulatory levels to clamp down ponzi schemes: SEBI chief<br/>

SEBI chief U K Sinha today said that various efforts are being made at the state, Centre and regulatory levels to clamp down on illegal money collecting activities or ponzi schemes.Mr Sinha exuded confidence that a multi-pronged approach would help control the menace of illegal money pooling schemes...

Government may do away with LPG subsidy for rich: FM

Government is considering doing away with the LPG subsidy for the rich. This was stated by Finance Minister Arun Jaitley at a function in New Delhi yesterday. He said, the next important decision India will have to take is whether people are entitled to get LPG subsidy. Mr Jaitley said that the deci...

Maharashtra to extend financial aid to sugar mills

The Maharashtra government today said it would extend financial aid of 2,100 crore rupees to sugar mills but they must give fair and remunerative price (FRP) to farmers. Cooperatives Minister Chandrakant Patil said in Mumbai that the government will provide 2,100 crore rupees to help the distressed ...

Govt to shortly bring out new comprehensive Fertilizer Policy

The Union Ministry for Chemicals and Fertilizers will shortly bring out a new comprehensive Fertilizer Policy. The Union Minister Ananth Kumar informed this during the valedictory function of Krishi mela in Bengaluru on Friday. The Comprehensive policy will strike a balance between chemical and orga...

FII investor limit in Power Grid reaches trigger level: RBI

Weak credit off take a worry, says Finance Minister Arun Jaitley<br/>

Finance Minister Arun Jaitley on Friday said that weak credit off take in the economy is worrisome. Addressing a function in New Delhi, Mr Jaitley said increasing interest from foreign investors in the defence and railways sectors is encouraging. On the issue of black money, the Finance Minister sai...

Inform customers about fall in minimum balance in advance: RBI to banks

M'shtra to extend financial aid to sugar mills<br/>

The Maharashtra government today said it would extend financial aid of 2,100 crore rupees to sugar mills but they must give fair and remunerative price (FRP) to farmers. Cooperatives Minister Chandrakant Patil said in Mumbai that the government will provide 2,100 crore rupees to help the distressed ...

Congress questions SBI's decision to lend $1 billion to Adani Group

Congress today questioned the decision of State Bank of India (SBI) to give USD one billion loan to Adani Group for the development of Carmichael coal mine during Prime Minister Narendra Modi&apos;s just concluded visit to Australia. Talking to reporters in New Delhi, party spokesperson Ajay Mak...