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Petrol price cut by Rs 3.02 per litre, diesel hiked by Rs 1.47 a litre

March 1, 2016 8:02 AM

Petrol price cut by Rs 3.02 per litre, diesel hiked by Rs 1.47 a litre

Petrol price was today cut by Rs 3.02 per litre while diesel price hiked by Rs 1.47 a litre. The new rate will come into effect from midnight tonight. With this now, petrol will cost Rs 56.61 in Delhi, Rs 62.32 in Kolkata, Rs 62.75 in Mumbai and Rs 56.08 in Chennai. For diesel, the consumer will hav...

60% of EPF deposits to be taxed on withdrawal after April 1

February 29, 2016 8:00 PM

60% of EPF deposits to be taxed on withdrawal after April 1

Government has decided to impose tax at the time of withdrawal on 60 per cent of the contributions made after 1st of April this year to Employees Provident Fund, EPF andother schemes.The move will bring parity in New Pension Scheme and other retirement schemesAt present, social security schemes run ...

Industry bodies hail Union Budget, term it growth oriented

February 29, 2016 6:10 PM

Industry bodies hail Union Budget, term it growth oriented

Industry bodies today welcomed Union Budget for 2016-17 saying it is growth oriented. President of ASSOCHAM Sunil Kanoria said the government has rightly realized that a sustainable and equitable growth model cannot be built as long as the rural economy is in distress. He said with successive monsoo...

Sensex recovers after crashing over 600 pts on tax proposals

February 29, 2016 3:59 PM

Sensex recovers after crashing over 600 pts on tax proposals

The Sensex at the Bombay Stock Exchange is trading in red in reaction to the Union Budget presented before Parliament today. The 30- share index has recovered after briefly plunging 660 points and was trading 56 points at 23,098 a short while ago. The broader Nifty also followed the similar trend an...

Union Budget 2016-17 is balanced, progressive and focused: FICCI

February 29, 2016 2:44 PM

Union Budget 2016-17 is balanced, progressive and focused: FICCI

Federation of Indian Chamber of Commerce and Industries, FICCI has welcomed the budget saying that it is balanced, progressive and focused. Speaking to AIR, FICCI President Harshvardhan Neotia said, the announcement on Agriculture, Rural development and Infrastructure will give further boost to econ...

CII hails General Budget as well balanced & progressive

February 29, 2016 1:06 PM

CII hails General Budget as well balanced & progressive

CII today hailed the General Budget as well balanced and progressive. Briefing media in New Delhi, CII President Sumit Mazumdar said a lot of announcements were made in rural economy and infrastructure sectors. He said there were some concerns on bad loans, and the Finance Minister has provided some...

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