Coal mine auctions leave no doubt about CAG's loss figure: PM
CAG's astronomical Rs 1.86 lakh crore loss figure in coal block allocations had raised some doubts initially, but the auction of less than 10 percent of those mines alone has garnered Rs 1.10 lakh crore, Prime Minister Narendra Modi said today.
Mar 01, 2015, 20:02 PM IST
Tyre industry wants correction in duty structure
Welcoming the budget announcement of Rs.14,000 crore investment in the road sector, completing 100,000 km of roads and sanctioning construction of another 100,000 km, a leading tyre manufacturer also called for correction of the duty structure for the industry.
Mar 01, 2015, 20:00 PM IST
''Student aid authority will rein in rogue banks''
With almost all nationalised banks not following the education loan norms, the proposal to set up an information technology (IT) -based monitoring mechanism is a welcome measure, said the convenor of the Education Loan Task Force (ELTF).
Mar 01, 2015, 19:41 PM IST
PSU oil cos to invest Rs 76k cr on project expansion in FY16
State-run oil firms including Oil and Natural Gas Corp (ONGC) will invest over Rs 76,565 crore on the project expansion during 2015-16, up 5 percent over the previous fiscal.
Mar 01, 2015, 18:55 PM IST
'Dispute settlement system must for pvt participation in rail'
Railway Minister Suresh Prabhu today said that he is open to the idea of setting up a dispute redressal mechanism to facilitate the entry of private industry into the sector.
Mar 01, 2015, 17:29 PM IST
Union Budget took notice of the marginalized: RS Prasad
Union Minister for Communications and Information Technology Ravi Shankar Prasad on Sunday hailed the first budget introduced in the Parliament by the NDA Government, saying that it took serious notice of equity concerns of the poor, underprivileged and marginalised.
Mar 01, 2015, 17:26 PM IST
Insurance sector fears being pulled into ''Cess Pool'', wants clarity on sops
Generally satisfied at the budgetary proposals of union Finance Minister Arun Jaitley for 2015-16, insurance industry officials however expressed their fears of being pulled into the "cess pool" of the Swachh Bharat Cess.
Mar 01, 2015, 17:23 PM IST
E-commerce transactions on 'aggregator' platforms turn costly
E-commerce transactions through websites and mobile apps based on 'aggregator model', including for cab services and online shopping, may turn expensive as those providing such services under their own brand are being brought under the service tax net.
Mar 01, 2015, 17:21 PM IST
High profile oil & gas sector gets no mention in Budget
Barring duty rejig for petrol and diesel, Finance Minister Arun Jaitley did not mention the high profile oil and gas sector in his Budget speech yesterday.
Mar 01, 2015, 17:02 PM IST
Vistara to have fleet size of 20 aircraft by 2018
Vistara, a joint venture between Tata Sons and Singapore Airlines, today said its fleet size will be increased to 20 by 2018, from five at present.
Mar 01, 2015, 16:43 PM IST
BAOA terms budget disappointing for aviation sector
A body of business jet operators today termed as "disappointing" the general Budget and said India cannot become the third largest aviation market by 2020, which it is aiming for, unless issues plaguing the aviation sector were addressed in an appropriate manner.
Mar 01, 2015, 16:41 PM IST
Individuals get more tax benefits; but to pay more on services
Giving with one hand and taking with the other, Finance Minister Arun Jaitley Saturday hiked tax deduction limit for individuals to Rs 4.44 lakh, but slapped an extra surcharge on super-rich and raised service tax rate.
Feb 28, 2015, 22:51 PM IST
Property prices to rise marginally on hike in service tax
Property prices will rise slightly with proposed hike in service tax to 14 percent, according to real state industry associations CREDAI and NAREDCO.
Feb 28, 2015, 22:49 PM IST
Budget 2015: Service Tax, Indirect Taxes to mop more money
The Finance Minister Arun Jaitley on Saturday announced a series of steps to broaden the tax base to garner more receipts.
Feb 28, 2015, 15:47 PM IST
Govt meets 68.6% of indirect tax collection target in April-January
The government on Thursday said it has collected Rs 4.27 lakh crore, or 68.6 percent of budget target for indirect tax, in the April-January period of this fiscal.
Feb 12, 2015, 21:49 PM IST
Maintain customs, excise, service tax rates in Budget: CII
The rates of service tax, central excise and customs duties be maintained at the current level in the Budget in order to aid the success of the 'Make in India' initiative, industry body CII has said.
Feb 08, 2015, 14:24 PM IST
Change in service tax collection for infra consultants: FICCI
Government should change the service tax collection regime for infrastructure consultants, industry body FICCI said Sunday.
Feb 01, 2015, 19:56 PM IST
Exercise caution in summoning top officials: FinMin to taxmen
Finance Ministry has asked excise and service tax officials to exercise caution while summoning CEOs and top functionaries of large firms or PSUs for probing any revenue cases.
Jan 21, 2015, 23:34 PM IST
Muthoot Finance gets service tax notice for Rs 153 cr
Gold loan firm Muthoot Finance Monday said it has received a service tax notice demanding Rs 153.14 crore in taxes in addition to interest and penalty.
Jan 19, 2015, 21:40 PM IST
Indirect tax collections rise 7.1% in April-November 2014
Indirect tax collections rose marginally by 7.1 percent in the April-November period to over Rs 3.28 lakh crore, mainly on account of increase in revenue from service tax and customs.
Dec 11, 2014, 21:36 PM IST
