National

March 18, 2012 6:20 PM

FM seeks co-operation from industry to accelerate pace of economic growth

Finance Minister Pranab Mukherjee today sought co-operation from industry to accelerate the pace of economic growth. In his post budget Interaction with industry leaders in New Delhi today Mr. Mukherjee urged other stakeholders to play their part to meet this objective.Responding to a volley of ques...

March 18, 2012 5:14 PM

4 th unit of Surface to Air Missile Project to be set up near Hyderabad

The fourth unit of Surface to Air Missile Defence Project of the Bharat Dynamics Limited will be set up at Ibrahimpatnam near Hyderabad. Andhra Pradesh Chief Minister Kiran Kumar Reddy laid foundation stone for the unit in the presence of Minister of State for Defence, Pallamraju on Sunday.The missi...

March 18, 2012 4:54 PM

Model code of conduct violation: EC holds 2 Andhra Cong MPs guilty

The Election Commission has held two Congress MPs and the party candidate from Andhra Pradesh's Ghanpur Assembly seat guilty of violating the model code of conduct. They have been charged of addressing election meetings inside a church during by polls in the state. The Commission in its order r...

March 18, 2012 4:52 PM

Combating black money: Funds to set up 8 IT overseas offices increased

In efforts to combat the problem of black money stashed abroad, Finance Minister Pranab Mukherjee has increased the fund allocation around nine times in his budget proposals for setting up eight new Income Tax overseas offices.The proposed eight units will be in the United States of America, United ...

March 18, 2012 1:55 PM

India, Africa set trade target of $90 bn by 2015

India and African nations have set up a bilateral trade target of 90 billion US dollars to be achieved by 2015. The decision was taken between the Commissioner for Economic Affairs, African Union Commission, Dr. Maxwell M. Mkwezalamba and the Commerce Minister, Mr. Anand Sharma in New Delhi. India-A...

March 18, 2012 12:27 PM

Centre allocates 8,750 crore rupees for development to West Bengal

The Centre has allocated 8,750 crore rupees for the development of 11 backward districts of West Bengal in the 12th Five Year plan. This was disclosed by Member Secretary of the Planning Commission Sudha Pillai in Kolkata yesterday. She said out of allocated money under Backward Region Grant Fund, o...

March 18, 2012 9:41 AM

Won’t resign unless given in writing by Mamata, says Trivedi

Railway Minister Dinesh Trivedi said, he will not resign unless given in writing by Mamata Banerjee. He said, he has a Constitutional duty to pilot the Railway Budget he had presented in Parliament. Mr Trivedi said there will be a discussion today and he has to answer the discussion on the railway b...

March 18, 2012 9:41 AM

No relaxation in voluntary disclosure income scheme: Finance Secretary

The government says it has not come out with any kind of Voluntary Disclosure of Income Scheme, VDIS by proposing changes in the Income Tax Act to tap black money. Finance Secretary R S Gujral said in New Delhi yesterday that the government has no intention to give any sop in form of voluntary discl...

March 18, 2012 9:41 AM

IPL players, TV reality show judges to pay service tax

The government proposes to bring in sports persons participating in non-recognised sports events like Indian Premier League (IPL) under the service tax ambit from next fiscal. Central Board of Service Tax Chairman S K Goel told reporters in New Delhi that participants in non-recognised formats of sp...

March 17, 2012 9:53 PM

Five railway unions express support for Trivedi

Five railway unions have written to Prime Minister Manmohan Singh expressing support for Railway Minister Dinesh Trivedi, urging him to not allow the politicisation of the Indian Railways. The unions have, in their letter, threatened to agitate if there is a rollback in hike in passenger fares. The ...

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