After the declaration of the state elections results, the share market was closed 1.1% lower, as Samajwadi Party is going to take oath as the next ruling party in Uttar Pradesh. According to the market analysts, SP and Congress alliance in UP is going to fetch the reform in the centre also. It will give […]
The Indian Government may make some he changes in the upcoming financial budget, by increasing the tax rates. On the other hand, the government is giving room to the Reserve Bank of India to decrease the tax rates for sustaining higher growth, the Reuters reported Friday, said Pronob Sen, principle advisor to the Planning Commission. […]
The Non-Residential Indians (NRIs) expects from the Finance Minister to reduce the Tax Reduction at Source (TDS). NRIs are charged with TDS and they want some relaxation, whereas Resident Indians are charged with TDS only when income exceeds a certain limit. There is no such rule for the NRIs. Financial Budget 2012 for NRIs The […]
According to a recent survey, India is least resilient about the global risks and threats in the global economy. India made a very little improvement in its economic status. Maplecroft, a research conducting company analyzed the data and reached to the conclusion that, India is standing at the 19th position in exposing and least pliant […]
Micro Small Medium Enterprise The MSME Ministry is considering enhancing the corpus towards innovation multi-fold to Rs. 2,500 crore to bring forth more innovative products in the sector, thereby increase competition in the international market. At present ministry provides Rs. 100 crore annually to micro, small and medium enterprises (MSME) for innovation, which includes testing […]
Due to the higher prices of food and crude oil, the consumer price inflation was 7.65% in the month of January, 2012 which is comparatively high to the wholeale price inflation of the same month. This is the first time that Central Statistics Office (CSO) has come up with the details of the whole Indian […]
In a bid to promote the National Manufacturing Policy (NMP), the government has given first priority to units in the proposed mega industrial district for environmental clearances. On top of that, procedures for green approval have been relaxed a bit, allowing individual units within proposed National Manufacturing and Investment Zones (NMIZs) to be exempted from […]
The Finance Minister, Pranab Mukherjee on Sunday announced that, all the nationalized banks will get enough capital to fight against the economic short comings in the country. During the inauguration of the new corporate office of the Oriental Bank of Commerce, Mukherjee added that, “Government is working on the way to provide adequate capital to […]
