Heavy Industry Ministry seeks continuation of excise duty benefits to auto industry: Geete

The Ministry of Heavy Industries and Public Enterprises wants the restoration of reduced excise duty concession provided to the automobile industry that expired in December last year. Mr. Anant Geete said in New Delhi today that his ministry has suggested the continuation of reduced excise rates. He...

Heavy Industry Ministry seeks continuation of excise duty benefits to auto industry: Geete

The Ministry of Heavy Industries and Public Enterprises wants the restoration of reduced excise duty concession provided to the automobile industry that expired in December last year. Mr. Anant Geete said in New Delhi today that his ministry has suggested the continuation of reduced excise rates. He...

Bombay HC lifts stay to FTIL-NSEL merger

The proposed merger of commodities spot exchange NSEL with its parent FTIL got a shot in the arm yesterday with the Bombay High Court lifting the stay order it had passed last November and asking the government to pass the final order. The division bench directed the Corporate Affairs Ministry to pr...

Rajan pitches for raising tax exemption limit on financial investments

RBI Governor Raghuram Rajan has pitched for increasing the tax exemption limit on financial investments by individuals from Rs 1.5 lakh. Rajan was talking in Mumbai yesterday during a conference call with analysts. Acknowledging that there was a Rs 50,000 increase in the limit in the last budget, he...

China overtakes US as top investment destination

China has overtaken the United States as the top destination for foreign direct investment for the first time since 2003. According to the United Nations Conference of Trade and Development, foreign firms invested 128 billion dollars in China and 86 billion in the US last year. The growth in China&a...

Hamid Ansari urges industry to embrace 'growth with equity'

Bankers term RBI's sixth bi-monthly monetary policy review as growth-oriented

Bankers term RBI's sixth bi-monthly monetary policy review as growth-oriented

Bankers term RBI's sixth bi-monthly monetary policy review as growth-oriented

Petrol cheaper by Rs 2.42 per litre, diesel by Rs 2.25

Petrol has become cheaper by 2 rupees 42 paise per litre and diesel by 2 rupees 25 paise per litre. The new rates have come into effect from midnight last night. According to Indian Oil Corporation, petrol in Delhi will now cost 56 rupees 49 paise a litre and in Chennai, 58 rupees 88 paise. In Mumba...