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March 12, 2013 2:34 PM
The Inccome Tax Department has constituted a special cell to deal with the recovery of arrears where the assessee is not traceable or has gone bankrupt. Stating this in a written reply in the Rajya Sabha, Finance Minister P.Chidambaram said the IT department has made recoveries of over 16 thousand c...
March 12, 2013 2:33 PM
More than 11,68,000 people claimed exemption from Income Tax on grounds of agricultural income in the assessment year 2011-12. Stating this in a written reply in the Rajya Sabha, Minister of State for Finance S.S.Palanimanickam said this amounted to an exemption of over 18,000 crore rupees taxable i...
March 12, 2013 2:10 PM
The Sensex at the Bombay Stock Exchange rose 36 points, or 0.2 per cent, to 19,682 in opening trade, this morning, on fresh buying by funds and retail investors, ahead of industrial output and inflation data. But later, after the release of the inflation numbers, the Sensex gave up all its initial g...
March 12, 2013 1:30 PM
Oil and Natural Gas Corporation (ONGC) has discovered several hydrocarbon fields in different offshore and onshore areas of East Coast of Krishna-Godavari Basin. Giving this information in a written reply in the Rajya Sabha today, Petroleum and Natural Gas Minister Dr M Veerappa Moily said a team of...
March 12, 2013 1:08 PM
The Sensex at the Bombay stock exchange, is trading at 19,563 points down by 89 in afternoon trade. Earlier sensex gained almost 36 points in morning deals on fresh buying by funds and retailers ahead of industrial output data, amid a firming trend on other Asian bourses. The wide-based National Sto...
March 12, 2013 12:43 PM
Retail inflation moved up for the fifth consecutive month to 10.91 per cent in February. The rise is attributed to higher prices of vegetables, edible oil, cereals and protein-based items.It was 10.79 per cent in January. The inflation crossed doubled digit mark in December at 10.56 per cent, agains...
March 12, 2013 12:41 PM
Showing green shoots of recovery, industrial production inched up 2.4 per cent in January mainly due to perk up in manufacturing output and enhanced power generation.The factory output, as measured by the Index of Industrial Production or IIP had grown by 1 per cent in January, 2012.For the April-Ja...
March 12, 2013 11:20 AM
The rupee today strengthened by 16 paise to 54.25 against the dollar in early trade. This follows fresh selling of the US currency by exporters, amid sustained foreign capital inflows.Besides a higher opening in the domestic equity market also aided the local currency.The rupee had lost 13 paise to ...
March 12, 2013 9:59 AM
To attract more overseas investment into the country, government is working on bringing new norms for a common Know Your Customer, KYC, for foreign institutional investors. Finance Minister P Chidambaram said in the Rajya Sabha on Monday if a new FII applies in India, it has to go through due dilige...
March 12, 2013 9:58 AM
The BSE benchmark Sensex today gained almost 36 points in early trade on fresh buying by funds and retailers ahead of industrial output data, amid a firmingtrend on other Asian bourses. The 30-share barometer, which had lost 37 points yesterday, recovered by 36 points, or 0.18 per cent, to 19,681, l...
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