Business

Agreeing to the persistent demand from industry chambers, the government on Tuesday watered down the Fringe Benefit Tax provisions, introduced last year.

India Inc. on Tuesday lauded Finance Minister P Chidambaram for his measures to bring in fiscal discipline and cut deficit.

Everyone, across party lines, agrees that this government needs to do something about the infrastructure before things get worse. But first, the Finance Minister has to raise finances to do this and that will take some doing.

Economic Survey strongly prescribes passing on the cost of production of petroleum products to consumers and warns that the current subsidies in cooking gas and kerosene will have serious consequences.

A fully A/C Garib Rath will run on a pilot project basis initially with fares about 25 per cent lower than the present AC-III tier.

CNN-IBN helps a Mumbai couple plan out their finances during the tax filing season in our special series plan Budget.

Their may be a possible addition in the service tax like; elite railway services, operations of direct selling companies and credit card sale commissions in the new Budget.

The scheme is called Students Support Savings Scheme and enables account holders to withdraw money at any VISA ATMs across India.

The AAI employee union is adamant on its stand to protest modernisation of Delhi and Mumbai airports through private parties.

Riding high on domestic liquidity and tracking the global trend, the Sensex took a big leap by 185 pts and soared past 9,800 for the first time to hit new peaks.

The market closed lower amid selling in consumer durables, technology, metal, banking, FMCG, oil and select auto and pharma stocks.

The bank increased deposit rates across the board by 0.25-0.50 per cent. Now lending rates too, may be headed up soon.

Experts feel that 9442 on the lower side and 9700 on the upper side are the key levels to watch out for next week.

The markets ended higher amid buying across the board. It was an all-time closing high for the Sensex and Nifty.

And that?s not all. To identify new taxpayers, the IT department has also put tax detectives on the job.

The Union Cabinet has turned down ONGC's bid for a stake in a Nigerian oilfield. But ONGC got clearance for 'Project Sugar Loaf'.