The energy sector can brace for a big jump in expenditure as moves to liberalise gas prices are likely to prompt companies such as Reliance Industries, BP Plc and ONGC to develop idling deep-sea fields, while state refining and marketing firms spend heavily to supply cooking gas to rural homes ...
The government on Monday unveiled a new scheme to tackle domestic black money asking those with undisclosed income to come clean by paying tax, surcharge and penalty that add up to 45% of the concealed income.
* Downbeat PMI surveys raises hopes of more steps fromBeijing * Oil prices slip after logging first gain in four months * Euro zone price data reinforce ECB easing expectations * Aussie steady as RBA expected to stand pat on
NEW DELHI: In initiatives that are set to give a fillip to foreign direct investment, the government has proposed to open up new avenues to overseas investors as well as promised a more conducive business environment with simpler rules. The FM has proposed to allow 100% FDI in asset ...
By Ritesh Jain, Chief Investment Officer, Tata Asset Management The Budget has a clear thrust for the rural economy while taxing urban and top of the pyramid consumption. It carries the highest ever allocation to MNREGA — remember, MNREGA expenditure had been coming down in the last three years ...
* Nikkei expected to trade 15,630-16,500 this week - analyst * NEC dives after sharply cutting forecast * Shiogoni soars after signing agreement with Roche on fludrug By Ayai Tomisawa TOKYO, March 1 (Reuters) - Japa
Flying will get more expensive with finance minister Arun Jaitley raising the excise duty on aviation turbine fuel (ATF), the single largest input cost item for airlines.
Be prepared to shell out more for cars.
NEW DELHI: A burgeoning military pension bill created by the One Rank One Pension (OROP) scheme has caused an unprecedented cut in the modernisation outlay of the defence ministry, leaving less money available for buying new equipment for the armed forces. It is the first time that defence pensions ...
By Navneet Munot, Chief Investment Officer, SBI Mutual Fund The finance minister has done a fine balancing job by sticking to 3.5% fiscal deficit target without losing focus on growth and staying away from any populist largesse. The possibility of a rate cut by RBI has gone up, given ...