The Finance Ministry has cleared creation of new intelligence units across the country and appointment of over 800 personnel to check any leakage in its earnings from the indirect tax.
SMEs are the unsung backbone of the Indian economy, which is why the finance minister should address various issues affecting MSME performance in the current recessionary economic climate.
The debate on the Budget in the Lok Sabha will begin tomorrow and Finance Minister Arun Jaitley is expected to reply to it on July 18.<br />
MFs feared the budget proposal will hurt them as majority of assets under management comes under the debt category
Government is likely to come out with 10 percent stake sale offer of Oil India in the second fortnight of this month, followed by NTPC's issue in the first 14 days of February, a Finance Ministry official said today.
PwC is of the opinion caption that the realty sector has been under pressure for long and the government should incentivise investments into the sector.
The investor and taxpayer should separate from one another. Investments should be made based on outlook for the asset class. The taxpayer should use all tax breaks available to save on tax.
A good budget will see markets taking up PSU stocks along with the broad market and since PSU stocks have underperformed over the last two years the catch up could fetch handsome returns to investors.
Investors do not mind paying taxes as tax is paid on gains, unfortunately retail investors are nervous on whether they will see gains at all on equities given the current state of economic affairs.
Rupee today jumped by 16 paise to end at over two-month high of 61.71 against the greenback on good inflows in local markets and sustained dollar sales by exporters, extending its winning trend to third straight day.
Extending its rising streak for the third straight session, the benchmark BSE Sensex surged over 140 points to close at 28,262.01, led by gains in IT major Wipro and financial stocks on encouraging earnings.
Dispute Redressal Forum here has asked the bank to refund the entire EMI charged unduly for 20 months from a policeman and directed it to pay him Rs 50,000 as compensation for deficient services.
It has emerged during investigations by Sebi and stock exchanges that such illicit activities tend to accelerate during last few months of a fiscal and quantum of such transactions has grown manifold in the last few years.
rupee today appreciated for the second straight session and rose 19 paise to log its over one-month closing high of 61.87 against the Greenback following sustained dollar selling by exporters and capital inflows in local shares.
The benchmark Sensex today rose over 46 points to end at 28,121.89 on continued buying in blue-chip shares and wrapped up its best weekly gain in over two months.
Sensex closed trading 728.73 points or 2.66 percent up after the Reserve Bank of India carried out an unscheduled repo rate cut by 25 basis points.
It is strange that while a person is mandated to declare the jewels lying in his bank locker, he is not mandated to disclose how much lies in his savings and term deposit accounts
Travel on buses operated by Mumbai's civic transport undertaking BEST will cost more from next month.
A day after the market rallied on the back of positive economic data, a benchmark index of Indian equities markets crashed 160 points in Tuesday's trade.
There has probably been no greater poorly designed investment scheme than the UPA's Rajiv Gandhi Equity Savings Scheme. It had no reason to exist, and given the poor response, it probably will die a quiet, unsung death now
The Indian rupee continued to rule firm against the greenback for the fourth successive session, gaining another 16 paise today to end at over one-month high of 62.16 on persistent selling of dollars by banks and exporters on hopes of capital inflows into domestic markets.
The benchmark BSE Sensex fell over 125 points in early trade today as participants preferred to adopt a cautious approach and indulged in profit-booking ahead of retail inflation and IIP data to be released later in the day
Overseas investors have pulled out nearly Rs 1,700 crore from the Indian stock markets in January so far following a steep fall in crude oil prices amid slowing global growth.
A transparent and a balanced approach, penetration of consumer friendly products and seamless experience is what the insurance consumer needs now
It is amazing that while other provisions of the income-tax law are changed or tinkered with regularity, the one on medical facilities provided to employees is caught in a time warp.
Rising for the second session, the Indian rupee today climbed by 50 paise to nearly four-week high of 62.67 against the greenback on persistent selling of dollars by banks and hopes of capital inflows in view of a strong equity market.
He admitted that it was easier to get value picks when markets were down but it didn't mean that one couldn't find opportunities in a bull market.