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Some cheer, some pain

It's a Budget that made nobody greatly happy nor anybody deeply unhappy. The ordinary taxpayer cheered the small addition to his pocket by way of a hike in the exemption limit of... »        11 comments

Securities transaction tax slashed to 0.1%

The Government has lowered the securities transaction tax (STT) to 0.1 per cent, a move that will bring down the costs of equity transactions.“In order to reduce transaction costs in the ca... »

Wasted window of opportunity

If only the Finance Minister displayed real gumption on the reform front by taking the bull by its horns. The window of opportunity that was available to him this year has been wasted. Next year being the one just before the General Election, his options would only narrow and the gap on the fiscal front widen further, analysts caution. »

Sops for steel industry

The Finance Minister has announced several relief measures for the steel sector, including reduction of basic Customs duties on plant and machinery imported for setting up of iron ore pellet plant... »

A budget for growth with stability: Pranab

The Finance Minister, Mr Pranab Mukherjee, today said that the budget was aimed at giving boost to “growth with stability” and there was a “determined effort to regain the path of fiscal consolida... »

Economy

Double whammy for AC, 1st class train passengers

Train passengers in all air-conditioned classes and non-AC first class will have to pay a service tax. This is according to the proposal of Budget 2012-13. This is over and above the hikes propose... »      1 comment

Logistics

Rail transportation of goods to turn costlier

Rail transportation of goods is set to become more expensive with the Finance Ministry proposing to impose a service tax on this segment. This is according to the Budget Proposal of 2012-13. ... »

Banking

Recapitalisation support, a welcome step: Indian Bank

According to Mr T.M. Bhasin, Chairman and Managing Director, Indian Bank, the recapitalisation support to public sector banks of Rs 15,888 crore would help augment their lending capabilities. »
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