Economy Related News

Chidambaram confident of 8.5% growth

Direct tax collection target set for a big hike, says Chidambaram. [...More]

Bumper kharif harvest may help crop inflation

bumper kharif crop may soften the inflation that touched a 45-month high at 8.24% [...More]

SEZs run into stamp duty wall

Special economic zones (SEZs) could be in for some tax trouble from the states. States have questioned the stamp duty exemption given by the Centre under the SEZ Act. [...More]

Asian stock markets brace for impact of spike in crude prices

Sensex likely to move close to the 15000-mark in initial trades [...More]

Cost of direct tax collection at all-time low

Higher growth, tax compliance lead the way [...More]

Inflation likely to touch double digits: Experts

Increased prices of petrol, diesel and cooking gas will push up the wholesale price index (WPI)-based inflation rate closer to the double digits from the current 8.1 per cent [...More]

36% increase in direct tax collections

The Finance Minister, Mr P. Chidambaram, will inaugurate the 24th Annual Conference of Chief Commissioners and Directors General of Income Tax [...More]

Ministries asked to cut down on non-Plan expenses

Finance ministry has asked various central ministries and departments to cut down on non-Plan expenses, mainly administrative and travel [...More]

PM sets up panel to examine financial position of oil cos

Also for getting a clear picture of operating positions [...More]

Govt bites the bullet, hikes petrol, diesel, LPG prices

Says it has no option left; revenue loss for oil firms expected to ease [...More]