PTI
Doing business in India must be easy and beneficial: FM
Doing business in India must be seen as easy, friendly and beneficial so as to allay investor apprehensions, finance minister P. Chidambaram said today as the country gears up to spend Rs 55 lakh crore on infrastructure over five years.
FM shaves off Rs 91K Cr of Plan spending in current fiscal
Finance minister P. Chidambaram shaved off Rs 91,838 crore from the budgeted Plan expenditure of Rs 5,21,025 crore for the current fiscal in the backdrop of burgeoning fiscal deficit. The budget-2013 has projected revised estimates of the Plan expenditure at Rs 4,29,187 crore for the current fiscal.
Congress wins 3 in Assembly by-polls, defeats Trinamul minister
It was a mixed bag for the Congress in Assembly by-polls in six states winning three of the eight seats at stake today with the sweetener being the defeat of its deserter and Trinamul minister in West Bengal.
Economic growth declines to 4.5% in October-December quarter
Economy grew by 4.5 per cent in the October-December period of the current financial year, pulled down by poor performance of farm, manufacturing and mining sectors.
Duty increase on steam coal may push up electricity tariff
The government today announced raising basic custom and countervailing duty on steam coal, used in power generation, a step which analysts said will lead to marginal increase in power tariffs.
VVIP helicopter deal: Orsi quizzed by Italian magistrate
Former Finmeccanica CEO Giuseppe Orsi was questioned by an Italian magistrate on Wednesday in connection with allegations that kickbacks to the tune of Rs 362 crore were paid in India to bag VVIP helicopter deal.
Hyderabad blast: NIA gets custody of two alleged IM operatives
Two alleged operatives of banned terror outfit Indian Mujahideen (IM) were today remanded by a Delhi court in five-day NIA custody for their interrogation in connection with the February 21 twin blasts in Hyderabad which claimed 16 lives.
Budget paves way for lowering twin deficits, says RBI
The Reserve Bank today welcomed the General Budget, saying it has laid the foundation for lowering fiscal and current account deficits, apart from supporting both domestic and foreign investments.
FII tax issues,surcharge spook markets; Sensex plunges 291 points
Markets gave thumbs-down to finance minister P. Chidambaram’s Budget 2013-14, with BSE benchmark Sensex nosediving 291 points to close below 19,000 level as FII tax issues and new surcharge on domestic corporates left investors disappointed.
Would have traded 175 run knock for Indian win: Tendulkar
Senior batsman Sachin Tendulkar says he would have “gladly traded” his knock of 175 against Australia in 2009 for an Indian victory even though he “certainly” rates it as one of the very best in his glorious ODI career.
