Centre to improve efficiency and equity of tax system says FM

The Finance Minister Mr Pranab Mukherjee has said that the government is committed to improve the efficiency and equity of tax system by eliminating distortions in the tax structure.Inaugurating a 2-day National Seminar on Goods and Services Tax (GST) in New Delhi today, Mr Mukherjee said the propos...

Govt. is committed to improve efficiency and equity of tax system says FM

The Finance Minister Mr Pranab Mukherjee has said that the government is committed to improve the efficiency and equity of tax system by eliminating distortions in the tax structure.Inaugurating a 2-day National Seminar on Goods and Services Tax (GST) in New Delhi today, Mr Mukherjee said the propos...

Inflation declines to 7.48 percent in November

Continuing its trend towards moderation, inflation declined to 7.48 per cent in November. It follows lowering of pressure on certain food items. Inflation had stood at 8.58 per cent in October. It was 4.50 per cent in November 2009.For September this year, the inflation figure has been revised upwar...

The telecom ministry has started issuing show-cause notices to the telecom companies which allegedly suppressed information to bag licences or failed to roll out services in stipulated time.Telecom Secretary R Chandrasekhar told media persons in New Delhi this evening, show-cause notices to some fir...

Sensex up by 38 pts in noon trade

Sensex at the Bombay Stock Exchange stood 38 points up at 19,730, a short while ago. Earlier it opened 65 points higher in the morning, extending two-session winning streak on sustained buying by funds and retail investors, driven by a firming trend on the other Asian bourses. Broad-based National S...

Oil prices decline in Asian trade today

Oil weakened in Asian trade today on profit-taking after overnight gains driven by OPEC's decision to maintain its existing output targets.New York's main contract, light sweet crude was off 15 cents to 88.46 dollars a barrel and Brent North Sea crude sank 17 cents to 91.02 dollars...

Sensex gains 110 points, Nifty rises by 28 points in noon trade

The BSE benchmark Sensex rose by 110 points in the noon trade and it was trading at 19,802 a shortwhile ago. Earlier it rose by 65 points in the opening trade today, extending two-session winning streak on sustained buying by funds and retail investors, driven by a firming trend on the other Asian b...

Rupee rises by 22 paise against US dollar in morning trade

The Indian Rupee recovered by 22 paise against the US dollar in the morning trade. This follows dollar's weakness overseas amid firm equity market.Banks and exporters preferred to sell dollar at current level following persistent fall in dollar value in the New York market.At the Interbank ...

Rupee appreciates by 9 paise against dollar

The Indian Rupee appreciated by 9 paise to 45 rupees 5 paise a dollar at the Interbank Foreign Exchange market in the morning trade. This follows gains in other Asian currencies. Dealers said firm opening by the stock exchanges and the American Dollar's loss against other Asian currencies k...

Sensex gains 65 points, Nifty rises by 21.70 points in opening trade

The BSE benchmark Sensex rose by 65 points in the opening trade today, extending two-session winning streak on sustained buying by funds and retail investors, driven by a firming trend on the other Asian bourses.The 30-share index of the Bombay Stock Exchange, which had gained almost 450 points in t...