Rail Budget 2013: Air fares out of reach, trains back in favour
Galloping operating costs for airlines have made train travel — if you can manage to get a confirmed ticket — way cheaper than flying even a low-cost carrier.
View ArticleRail Budget 2013: I cannot afford to be impractical, Pawan Bansal says
Shortly after presenting his maiden rail budget, the first by a Congressman in 17 years, a relaxed Pawan Bansal told TOI in an exclusive interview that he had to be realistic even as he tried to...
View ArticleEconomic Survey: India suffered peak power shortage of 9% in 2007-12
India witnessed a peak power shortage of 9 per cent during the five years ending 2012 when over 50,000 MW new generation capacity was created, Economic Survey said on Wednesday.
View ArticleEconomy to grow at 6.1-6.75% in 2013-14: Economic Survey
According to the Economic Survey, the Indian economy is likely to grow at 6.1-6.75 per cent in 2013-14. Inflation may decline to 6.2-6.6 per cent by March.
View ArticleEconomic Survey: Urgent farm reforms must for achieving 4% growth
The farm sector achieved 3.6 per cent growth during the 11th Five-Year Plan (2007-12), falling short of the 4 per cent growth target, although it was much higher than growth of 2.5 and 2.4 per cent...
View ArticleEconomic Survey 2013: It’s time to guard against forex risks as rupee remains...
The Economic Survey has flagged rising short-term overseas loans and unhedged foreign borrowings by Indian companies as risks against the backdrop of continued volatility of the rupee and the fragile...
View ArticleEconomic Survey 2013: We are batting on a sticky wicket, but betting on the...
The Rajan stamp was visible not just on the press conference but on the 421-page document as well. While he retained a graph on the annual document's cover, the chief economic advisor inserted a signed...
View ArticleEconomy Survey sharpens debate over 'super-rich tax'
Amid the debate on a super-rich tax, the pre-Budget Economic Survey argued against raising tax rates significantly; instead, it said that the focus should be on people who have a taxable income but...
View ArticleGovt to set up two ports in Andhra Pradesh, West Bengal
"Two new major ports will be set up in West Bengal and Andhra Pradesh," finance minister P Chidambaram said while presenting the Budget for 2013-14.
View ArticleBudget 2013: Chidambaram makes strong pitch for inclusive development
Health for all and education for all are govt's priorities, Chidambaram said laying stress on inclusive growth in his Budget speech.
View ArticleTax credit of Rs 2,000 for income up to Rs 5L; surcharge on super-rich
Giving small relief to tax payers, finance minister P Chidambaram on Thursday announced a tax credit of Rs 2,000 for persons with income up to Rs 5 lakh.
View ArticleChidambaram offers minor sops to low-income tax payers
FM gave a benefit of Rs 2,000 to individual tax payers with taxable income of up to Rs 5 lakh but made no change in either slabs or rates of personal income tax.
View ArticleGovt announces 'Nirbhaya Fund' for safety, empowerment of women
In a tribute to the 23-year-old Delhi gang-rape victim, government today announced 'Nirbhaya Fund' of Rs 1,000 crore for safety and empowerment of women.
View ArticleOpposition calls Budget 'unimaginative, dull, boring'
The opposition and some parties supporting the government on Thursday slammed the general budget as "jugglery" of numbers and said it had forgotten the 'aam admi'.
View ArticleBudget 2013: SUVs, imported cars, high-end mobiles, eating out to cost more
Branded apparels will become cheaper as there will be zero excise duty.. Carpets and other textile floor coverings of coir or jute will also become less expensive.
View ArticleEconomic growth declines to 4.5%; Sensex tanks 291 points to 3-month low
Economy grew by 4.5 per cent in the October-December period of the current financial year, pulled down by poor performance of farm, manufacturing and mining sectors.
View ArticleUnion Budget: Mumbai-Bangalore-Chennai corridor sees huge business potential
The Andhra Pradesh-Chennai-Bangalore-Mumbai business corridor, also called Peninsular Region Industrial Development Corridor, has come close to reality.
View ArticleUnion Budget 2013: Chidambaram has it covered for insurers
Insurance CEOs are excited about the proposals announced by the finance minister that make it easier to distribute policies.
View ArticleUnion Budget 2013: Shockwaves on the Rich-ter scale, crorepatis clubbed with...
P Chidambaram decided to take a leaf out of the Warren Buffett rule book by whacking the wealthy with a rich tax, though he said it was only for the period of a year.
View ArticleBudget 2013: Chidambaram nets big fish
Budgets presented in the run-up to elections, whether in the pre or post-reforms era, have tended to showcase how much the government is doing for the common man.
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