India is planning to raise 300 billion rupees by selling stakes in state-run firms in the upcoming fiscal year 2013, which is going to start from April 1, says Union Finance Minister, Pranab Mukherjee. The government also set a goal of collecting 250 billion rupees by selling assets in the year 2013-14, informed Pranab Mukherjee […]
If anyone possesses property above Rs. 1 crore including watches and paintings, then the person have to pay extra property tax for that, Pranab Mukherjee going to announce this in the financial budget 2012. The proposed Direct Tax Code (DTC) was supposed to replace the existing Income Tax Act 2012, has suggested to pay 1% […]
The government bought many stakes of ONGC through auction, but they are over-rated, which costs about Rs. 12, 500 crore. They further added that the auction route may be preferred for the future disinvestments. ONGC – Oil & Natural Gas Corporation ONGC’ share on BSE and NSE closed at Rs 293.35 and Rs 293.20 respectively, […]
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 […]
Most Probable Dates: Union Budget 2012 – 2013: 16th March Railway Budget: 14th March Watch Budget 2012 Live Online: You can catch all the Budget 2012-2013 action Live Online on Youtube – Details According to sources, the Union Budget Session for 2012 – 2013 in Parliament is scheduled to begin from the second week of […]
Looks like inflation is slowly and gradually on the decrease. Headline inflation fell to 7.47% from 9.11% in December, 2011 as measured by Wholesale Price Index (WPI). It is expected that these values will still fall to 6-7% by the end of this fiscal year, March 2012. Though food inflation declined to 3.36% by the […]
