FM promises more concessions in income tax when economy improves

Finance Minister Arun Jaitley today promised more concessions in income tax when the economy improves. He told a TV channel that the government does not want a high taxation regime. He said inflation rose was because of the high taxation regime of the previous government. He was of the view that the...

Budget 2014-15 growth oriented and bring growth impulses back to economy: Union Govt

Budget 2014-15 growth oriented and bring growth impulses back to economy: Union Govt

India's forex reserves rises

India's forex reserves rose by 614.6 million US dollars to touch 316.393 billion dollars in the week ended 4th July. According to an RBI release, the foreign currency assets, a major part of the overall reserves, rose by 760.6 million to 289.573 billion dollars during the week. With this, t...

WB CM to visit Singapore to attract investment in the state

The West Bengal Chief Minster Miss Mamata Banerjee will visit Singapore soon to attract investment in the State. Giving this information in kolkata today the State Finance Minister Dr Amit Mitra said that Miss Banerjee has accepted the invitation of the Foreign Minister of that country . In her firs...

Gold hits 2-week high of 28,680 rupees per ten grams

Gold surged 480 rupees, to a two-week high of 28,680 rupees per ten grams at Delhi's bullion market, today, to post its second biggest single-day gain this year, on rising demand from jewellers and stockists, and a firm global trend. Silver spurted 800 rupees, to 46,000 rupees per kilo, on ...

IIP grows to 19-month high of 4.7% in May

Showing signs of recovery, the country's industrial production grew by 4.7 percent in May this year, its fastest growth in 19-months, due to improved performance of the manufacturing, mining, power, and capital goods sectors. Industrial production had contracted by 2.5 per cent in May last ...

Air India formally joins global airline group Star Alliance

Air India today formally joined global airline group Star Alliance. The public carrier is now the only Indian airline which is now member the 27 airlines club operating over 18,500 flights a day in 192 countries. Now the passengers will further benefit from a wider choice on routes connecting North ...

Funds for SIT against black money sanctioned in budget

Government has sanctioned a budget of 8.93 crore rupees for the infrastructure and logistical requirements of the Special Investigation Team set up to combat the menace of black money in the country.The allocation was part of the budget 2014-15 presented by Finance Minister Arun Jaitely yesterday.Fi...

Govt sanctions funds for setting up SIT to combat black money menace

Government has sanctioned a budget of 8.93 crore rupees for the infrastructure and logistical requirements of the Special Investigation Team set up to combat the menace of black money in the country.The allocation was part of the budget 2014-15 presented by Finance Minister Arun Jaitely yesterday.Fi...