Others News

Rs. 50 Lakh Crore Allocated to Infrastructure in Twelfth Plan; 50% Expected from Private Sector

16 March 2012 at 14:00

Tax Free Bonds for Financing Infrastructure Doubled to Rs. 60,000 Crore More Sectors Eligible for Viability Gap Funding While presenting the Union Budget 2012-13 here today in LokSabha, ShriPranab Mukherjee, Finance Minist

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Government Undertakes Financial Sector Legislative Reforms

16 March 2012 at 14:00

The Union Finance Minister ShriPranab Mukherjee while presenting the Union Budget 2012-13 in the LokSabha today said that government proposes to take forward the process of Financial Sector Legislative Reforms. Announcing this during his Budget spee

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Several Steps Proposed to Deepen the Reforms in Capital Market

16 March 2012 at 14:00

The Union Finance Minister ShriPranab Mukherjee while presenting the General Budget 2012-13 in the LokSabha today has proposed a series of steps in deepening the reforms in Capital Market. These include: Allowing Qualified Foreign Investors

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Rajiv Gandhi Equity Savings Scheme Launched

16 March 2012 at 13:59

A new scheme called Rajiv Gandhi Equity Savings scheme is proposed in the Union Budget 2012-13 to encourage flow of saving in financial instruments and improve the depths of domestic capital market. The Union Finance Minister ShriPranab Mukherjee

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Finance Bill, 2012

16 March 2012 at 13:47

Chapter I Preliminary Chapter II Rates of Income Tax Chapter III Income Tax Wealth Tax Chapter IV Customs

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Basic Customs Duty Reduced in Agriculture & Related Sectors

16 March 2012 at 13:46

Carrying forward the initiatives taken for agriculture and agro-processing sectors, the Government proposed to reduce basic customs duty from 7.5 per cent to 2.5 per cent on sugarcane planter, root or tuber crop harvesting machine and rotary tiller

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Duty on Large Cars Enhanced from 22 Per Cent to 24 Per Cent

16 March 2012 at 13:46

Large cars currently attract excise duty depending on their engine capacity and length. While presenting the Union Budget 2012-13 in LokSabha today, the Finance Minister ShriPranab Mukherjee proposed to enhance the duty from 22 per cent to 24 per ce

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Service Tax Exempted for Items on Negative List

16 March 2012 at 13:46

Health Care, Services Provided by Charities, Religious Persons, Independent Journalists, Sportspersons Among Others also Exempted from Service Tax In his Budget Speech, the Union Finance Minister ShriPranab Mukherjee said

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One Page Common Return for Central Excise and Service Tax Proposed

16 March 2012 at 13:46

As a measure of harmonization between Central Excise and Service Tax, the Government has made a number of alignments. This was announced by the Finance Minister ShriPranab Mukherjee while presenting the Union Budget 2012-13 in LokSabha today. These

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Service Tax Rate Raised from 10 Per Cent to 12 Per Cent

16 March 2012 at 13:44

The Service tax rate has been marginally raised from 10 per cent to 12 per cent. Presenting the Union Budget 2012-13 in LokSabha today, the Union Finance Minister ShriPranab Mukherjee said that to maintain a healthy fiscal situation, the Government

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