Hike in aluminium import duty not benefitting companies: Agarwal
Government's move to protect domestic aluminium producers by raising import duty on the metal has been neutralised by doubling of cess on coal, mining baron Anil Agarwal said today.
Mar 02, 2016, 18:43 PM IST
No holy cows to protect, says Jaitley on Aircel-Maxis
With new charges against former minister P Chidambaram's son Karti surfacing over Aircel-Maxis deal, the government today asserted in Lok Sabha that there are "no holy cows" to protect and action will be taken against those found guilty, "howsoever important" one may be.
Mar 02, 2016, 17:10 PM IST
EPF tax row: Final stand on taxing during Budget debate, says Arun Jaitley
Facing flak for proposing a tax on employee provident fund withdrawals, Finance Minister Arun Jaitley said he will spell out the final decision on the matter when he replies to the debate on Budget in Parliament.
Mar 02, 2016, 16:55 PM IST
Central pay hike budgeted for in ministries' allocations: Govt
With absence of an explicit overall provision for the 7th Pay Commission in Budget raising questions, government today said the once-in-a-decade pay hike has been built in as interim allocation for different ministries and Budget numbers were credible.
Mar 02, 2016, 16:05 PM IST
Unions oppose tax on provident fund withdrawals
Rejecting government's contention that proposed tax on EPF withdrawals was aimed at moving towards pensioned society, trade unions today said retirement fund body EPFO which has over 5 crore subscribers already provides pension under its social security scheme.
Mar 02, 2016, 15:10 PM IST
Inter-meeting cut cannot be ruled out: Standard Chartered
The Reserve Bank of India (RBI) is likely to reduce the repo rate at its April 5 policy meeting, if not sooner, Standard Chartered said in a report while maintaining that an inter-meeting cut cannot be ruled out.
Mar 02, 2016, 14:34 PM IST
'1% TCS on cars above Rs 10 lakh may impact ease of doing biz'
The one percent tax collection at source (TCS) on luxury cars priced above Rs 10 lakh announced by Finance Minister Arun Jaitley in the Budget 2016-17 could impact ease of doing business, according to home-grown auto major Mahindra & Mahindra.
Mar 02, 2016, 14:22 PM IST
PSU banks rally on RBI move; shares surge up to 12%
Shares of state-run banks today soared by up to 12 percent after Reserve Bank announced amendments to recognise more balance sheet items as common equity tier-I capital which will help unlock up to Rs 35,000 crore for these lenders impacted by asset quality troubles.
Mar 02, 2016, 13:52 PM IST
Fiscal discipline is of prime importance: Jaitley
In a post-Budget 2016-17 meeting with India Inc on Wednesday, Finance Minister Arun Jaitley reiterated the need for fiscal discipline and said he was optimistic of the reform process moving ahead in parliament.
Mar 02, 2016, 13:32 PM IST
Govt will take steps to keep public sector banks in good health: FM Jaitley
It was increasingly important to continue with the social security, Jaitley said.
Mar 02, 2016, 10:40 AM IST
Govt to bring digital economy under tax net; to levy 6% tax on online ads
Now, online advertisements will also have to bear the brunt of tax as the government has proposed to impose an equalisation levy cess of six percent on services pertaining to cross border digital transactions.
Mar 02, 2016, 10:21 AM IST
Jewellers to go on 3-day pan-India strike from today
Jewellers across the country have decided to go on a three-day strike from Wednesday to protest the proposed re-imposition of 1 percent excise duty and mandatory PAN cards for any transactions of Rs 2 lakh and above
Mar 02, 2016, 09:12 AM IST
Budget 2016 is credit positive, uncertainties on few fronts: Fitch
It said the policy agenda for reform and consolidation are credit positive, but implementation risks remain significant.
Mar 01, 2016, 19:59 PM IST
Sensex posts biggest single-day gain in 7 years; Rupee hits 3-week high
Today's gain is the biggest single-day rise since May 18, 2009 when the 30-share barometer had jumped 2,110.79 points.
Mar 01, 2016, 18:39 PM IST
PPF stays on exemption list; govt to consider partial rollback of tax on EPF withdrawals
The government on Tuesday promised to consider demands for a partial rollback of the proposal to tax 60 percent of withdrawals from provident fund and a ceiling on employers contribution but made it clear that PPF will continue to be exempt from tax.
Mar 01, 2016, 17:50 PM IST
PF taxation issue: No tax if 60% of corpus invested in annuity
Seeking to dispel fears of the salaried class, the government on Tuesday clarified that the private employees can place 60 percent of investment under annuity for which they will be exempted from tax.
Mar 01, 2016, 15:44 PM IST
Watch: What is triggering the rally in stocks?
What is triggering the rally in stocks?
Mar 01, 2016, 14:49 PM IST
Budget optimism: Sensex zooms over 738 points; Nifty reclaims 7,200-mark
Sensex rallied over 738 points to 23,740.03 in late afternoon trade while Nifty 7,202.
Mar 01, 2016, 14:32 PM IST
Budget 2016: These are the sops announced for housing sector
Zee Media Bureau
New Delhi: Finance Minister Arun Jaitely has managed to bring cheer to the housing sector as a whole, in the Budget 2016.
Mar 01, 2016, 14:07 PM IST
Market showing good momentum after Budget
The market today is showing good momentum with increase in trading and the metal also showing very high rise in the last one hour.
Mar 01, 2016, 13:53 PM IST
