New Delhi Finance Minister Pranab Mukherjee on Wednesday expressed hope that indirect tax collection target of Rs 3.92 lakh crore for the current fiscal will be met despite the economic slowdown. "I am confident that the department (Central Board of Excise and Customs) would not spare any effort in meeting the target. In fact, already indications are there (of meeting budget estimate)," Mukherjee said while speaking at a ceremony to...
02:21 PM, Feb 22, 2012
New Delhi: India will borrow an additional Rs 400 billion through dated securities in the current fiscal year ending in March, the RBI said on Friday. The government will borrow 140 billion rupees each in January 2-6 week, January 9-13 week and January 16-20 week, it said in a statement. The government will borrow 130 billion rupees each in January 23-27 week and January 30-February 3 week. It will also...07:21 PM, Dec 30, 2011
Washington: The US federal government's budget deficit hit $137.3 billion in November, the US treasury department said on Monday. That brought the total budget deficit of the first two months of the 2012 fiscal year to $235.8 billion, lower than the $290.8 billion in the same period a year earlier, Xinhua reported. The US federal government registered a $1.299-trillion budget deficit for the 2011 fiscal year ending September, an evidence...05:46 AM, Dec 13, 2011
New Delhi: Billionaire industrialist Mukesh Ambani has decided to forego Rs 23.75 crore for the last fiscal from his annual compensation as chief of Reliance Industries while keeping his salary capped at Rs 15 crore for third year in a row. At the same time, the company's total remuneration for top management personnel, as also commission paid to non-executive directors, declined during fiscal 2010-11. In its annual report for the...02:44 PM, May 09, 2011
The central bank earlier pegged the growth rate at 6 pc and inflation at 6.5 pc. ...11:50 AM, Jan 29, 2010
Home Minister says India escaped global economic crisis due to strong banking institutions. ...09:29 PM, Dec 27, 2008
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