Finance Minister rules out any amnesty scheme for tax defaulters

Finance Minister P. Chidambaram has ruled out any amnesty scheme for tax defaulters and warned that a huge amount of data is being mined to go after them. In an interview to PTI today Mr. Chidambaram said that in income tax there is no case for amnesty. He pointed out that no tax burden had been imp...

FIIs invest $4.6 bn in Indian stock market in Feb

Overseas investors pumped in over 24,000 crore rupees amounting to 4.6 billion US Dollars in Indian stock market during February. With this the FII total investment has touched 8.4 billion USD so far this year. According to Sebi data, Foreign Institutional Investors were gross buyers of shares worth...

IRCTC books record over 5 lakh rail e-tickets on single day

Indian Railway Catering and Tourism Corporation has set a new record in e - ticket bookings. It booked more than five lakh rail e-tickets on Friday, surpassing the earlier one-day sales record set in July last year. The earlier record was 4.96 lakh e-tickets.

Obama orders broad cuts in US govt spending

President Barack Obama formally ordered broad cuts in US government spending after he and congressional Republicans failed to reach a deal to avert automatic reductions that could dampen economic growth and curb military readiness. As the United States staggered into another fiscal crisis, the White...

Sensex up 57 pts to close at 18,919

The Sensex at the Bombay Stock Exchange rose 57 points, or 0.3 percent, to close at 18,919, today, on value-buying, after the Finance Ministry assured investors that their concerns over the Tax Residency Certificate would be addressed. The Nifty at the National Stock Exchange gained 27 points, or 0....

Funds for organic farming upped since 2007: Agri Min Pawar

Agriculture Minister Sharad Pawar has said that the government attaches a lot of importance to the organic farming in the country. Replying to questions in the Rajya Sabha today, Mr Pawar said, the allocation of funds for promoting organic farming had been increased since 2007. He said last year, a ...

Agri,forest, fishing sector growth pegged at 4% in 12th plan <br/>

The Agriculture, forestry and Fishing Sector is projected to grow at 4 per cent as per the draft Twelfth Five Year Plan document. The Plan document has emphasized increasing of public investment in agriculture to 4 per cent of agriculture Gross Domestic Product (GDP). This was informed by Minister o...

Govt approves scheme for broadband connectivity for all Panchayats

The government has approved a scheme to connect all the 2,50,000 gram Panchayats through Optical Fibre Cable (OFC) for providing broadband connectivity to the Panchayats.In a written reply in the Rajya Sabha, the Minister of state for communications and Information and technology Milind Deora said t...

Sensex gains over 80 points in afternoon trade<br/>

The Sensex at the Bombay Stock Exchange rose 48 points, or 0.3 percent, to 18,910 in opening trade, this morning, on selective buying by investors. Later, after swinging between gains and losses, the Sensex stood 81 points, or 0.4 percent in positive territory, at 18,943 in afternoon deals, a short ...

No oil or gas discovered in Lanka's remaining Mannar basin wells:Cairn India