Opposition parties on Monday came down heavily on General Budget 2011-12 dismissing the exercise as “very disappointing and directionless” and said it has failed to address the problems of unemployment and price rise affecting the comm
Andhra Pradesh chief minister N Kiran Kumar Reddy`s efforts to placate the Congress MLAs from Telangana to give up their agitation, as the centre would make an announcement on the issue in the first week of March, failed to yield any positive resu
The centre on Monday allocated Rs 100 crore for Ladakh region for implementation of various projects identified by a taskforce. The special taskforce for development of Ladakh, headed by Narendra Jadhav, planning commission member,
A new series of coins will be unveiled soon carrying the rupee symbol, finance minister Pranab Mukherjee announced in the budget on Monday. "Indian rupee now has a new symbol, which has been notified for use by the central and
What makes the work on Gender Responsive Budgeting (GRB) appear in a different genre of scholarly work on gender, is that national budgets, policies and budgetary processes come to the centre stage of feminist scrutiny—an area that has hithe
Finance Minister Pranab Mukherjee today proposed to raise the income tax exemption limit for general tax payers to Rs 1.80 lakh per annum from Rs 1.60 lakh at present and introduced a high new tax slab for senior citizens of 80 years and above.
Air India`s Chief Operating Officer Capt Gustav Baldauf resigned today, days after being served a show-cause notice over his reported remarks about political interference in the airline`s day-to-day affairs. Baldauf, who was served
The stock market benchmark Sensex has surged by over 277 points mid-way through Finance Minister Pranab Mukherjee`s Budget presentation, in which he proposed to keep up the tempo of the disinvestment process and contain inflation to boost the econ
Finance Minister Pranab Mukherjee today said the Government proposes to introduce the Constitution Amendment Bill in the current session to pave the way for introduction of the long-awaited Goods and Services Tax (GST) regime.
India`s economy will revert to the pre-crisis growth level of 9 per cent in the next financial year. "The Indian economy is expected to grow at 9 per cent with outside band of (+/-) 0.25 per cent in 2011-12, " Finance Mini
In a big relief from cumbersome tax filing process for the salaried class, Finance Minister Pranab Mukherjee today proposed to exempt them from filing tax returns unless they have other sources of income. The government will be issu
While India touts its youth population as its biggest resource, the condition of adolescent girls in the country in the world, according to a Unicef report. "Almost 47 percent of the girls in the age group of 11 to 19 years are underw
Around this time last year, union home minister P Chidambaram was leading the charge against the dreaded Maoists, described as the “biggest threat” to the internal security of the country by no less than the prime minister himself on m
Keeping with an interim order passed by the Supreme Court in connection with the disbursement of funds of Harshad Mehta Group (HMG),the Bombay High Court has directed the custodian of assests of the late stock broker to release Rs 1995.66 crore to
The Delhi high court on Friday dismissed the plea of veteran Congress leader N D Tiwari seeking waiver of cost of Rs 75,000 imposed on him during the hearing of a petition of a 31-year-old man claiming to be his biological son. "The r
Air India will fly two planes to Tripoli on Friday night to start evacuating about 18,000 Indians stranded in strife-torn Libya. "Air India has decided to fly two planes - one from Delhi and another from Mumbai - to Triploi to evacuat
Do Indian budgets ever consider children? No, according to different civil society groups working on children rights. Different surveys say India is home to one-fifth of world’s children, but their condition needs a lot of introspect
Even as the proposed Direct Tax Code (DTC) is yet to come into effect, India Inc. has raised fresh reservations over the revised DTC draft which is sans special benefits the corporates enjoy under the Special Economic Zones (SEZ) Act. Acco
Gujarat witnessed the highest number of strikes and other forms of labour unrest in recent times on account of various financial and disciplinary issues, the economic survey said on Friday. The survey said total man-days lost due to labour
For the third successive year, the Railway Budget for 2011-12 spared the passengers of any increase in fares and proposed no hike in freight rates while introducing 56 new trains, including nine non-stop Duronto trains and three Shatabdis.
