Third tranche of Gold bond scheme to open on Tuesday
The government today said it will launch on Tuesday the third tranche of the gold bond scheme, through which it has raised about Rs 1,050 crore in the earlier rounds
Mar 04, 2016, 17:28 PM IST
Govt to notify categories of employees exempt from EPF tax
The government will notify categories of employees who will be excluded from the controversial tax proposal on provident fund withdrawals, a Finance Ministry official said Friday.
Mar 04, 2016, 16:39 PM IST
Mahindra announces price hike by up to Rs 47,000 from April 1
Auto major Mahindra & Mahindra today announced an increase in prices of its passenger vehicles by Rs 5,500 to Rs 47,000, effective April 1, to offset excise duty hike in Budget 2016-17.
Mar 04, 2016, 16:37 PM IST
Mahindra announced price hike by up to Rs 47,000 from April 1
Auto major Mahindra & Mahindra today announced an increase in prices of its passenger vehicles by Rs 5,500 to Rs 47,000, effective April 1, to offset excise duty hike in Budget 2016-17.
Mar 04, 2016, 16:36 PM IST
Govt to provide more capital to PSU banks, if needed: Sinha
The government today said it has a "very good sense" of the problem of bad loans in banking sector and will continue to provide funds to strengthen state-owned banks.
Mar 04, 2016, 16:28 PM IST
Honda hikes vehicle prices by up to Rs 79,000
Honda Cars India today said it has hiked the prices of its entire product portfolio by up to Rs 79,000 to offset the impact of infrastructure cess that was proposed in Union Budget 2016-17.
Mar 04, 2016, 16:21 PM IST
Sensex, Nifty set for best weekly gain since 2011
Indian stock markets took a breather on Friday after four sessions of gains with shares swinging both ways, but the indexes were still poised for their best weekly gain in more than four years after the government unveiled a fiscally prudent federal budget.
Mar 04, 2016, 14:53 PM IST
Hyundai hikes prices of vehicles up to Rs 82,906
Hyundai Motor India Ltd (HMIL) today raised prices of its vehicles by up to Rs 82,906 across models on account of new levies announced in the Union Budget.
Mar 04, 2016, 14:47 PM IST
Jewellers extend pan-India strike till March 7
Jewellers, protesting throughout the country against the government proposal to re-impose 1 per cent excise duty, have decided to extend their strike till March 7, industry body GJF said today.
Mar 04, 2016, 14:38 PM IST
Retrospective tax not fully addressed in Budget: UK investors
The Indian Budget has received a positive response from the UK-based Indian business community but the issue of retrospective taxation was flagged as a concern by them.
Mar 03, 2016, 22:48 PM IST
1% cut in corporate taxes to cost exchequer Rs 15K crore: Adhia
Finance Ministry on Thursday said it refrained from reducing the corporate tax rate by 1 percent in 2016-17 Budget as it would have resulted in revenue sacrifice of Rs 15,000 crore and impacted the fiscal consolidation programme.
Mar 03, 2016, 22:20 PM IST
7th Pay Commission: Modi government to implement salary hike in FY 2016-17
The Budget documents state that the implementation of the Seventh Pay Commission due from January 1, 2016 is to be implemented during the financial year 2016-17.
Mar 03, 2016, 20:25 PM IST
Post-Budget rally adds up; Sensex gains 364 points, Nifty regains 7,400-mark
The NSE Nifty regained control of the crucial 7,400-mark and added 106.75 points, or 1.45 percent, at 7,475.60 at the close.
Mar 03, 2016, 17:40 PM IST
Black money to attract double payout after 4-month window
The window, announced by Finance Minister Arun Jaitley in his Budget 2016-17, will begin on June 1 and provides an opportunity to avoid prosecution with payment of 30 percent tax and 15 percent penalty.
Mar 03, 2016, 17:30 PM IST
Up against excise duty, bullion traders shut shops for 2nd day
Gold and jewellery establishments in many parts of the country remained closed today for the second day as traders protested against a budgetary proposal to levy 1 per cent excise duty on jewellery.
Mar 03, 2016, 15:27 PM IST
Budget has offered room for monetary policy easing: Jayant Sinha
The Budget that aims to limit fiscal deficit to 3.5 per cent of GDP in 2016-17 has been able to provide room for easing of the key policy rate by the Reserve Bank, Minister of State for Finance Jayant Sinha today said.
Mar 03, 2016, 15:03 PM IST
Sensex, Nifty jump more than 1% led by miners
Nifty rose more than 1 percent on Thursday, on track for its best three-day gain since September 2013, as a rally in a range of commodities fuelled fresh buying in miners, with investors drawing further comfort from a stronger rupee.
Mar 03, 2016, 14:35 PM IST
PoEM postponed for convenience of accounting: Adhia
The rules for determining place of effective management of a company have been deferred till April 2017 so as to give corporates sufficient time to prepare accounts according to their place of residency under the new norms, Finance Ministry said today.
Mar 03, 2016, 14:06 PM IST
Budget credit negative for PSBs: Moody's
Moody's Investors Service on Thursday said the Budget for 2016-17 is "credit negative" for PSU banks as the capital infusion road map falls short of the required Rs 1.45 lakh crore.
Mar 03, 2016, 11:02 AM IST
