The Budget has disappointed the textile sector. The sector, while reacting to the Budget has said that the sector will not see inclusive growth because the government has not announced any stimulus package nor has increased the duty drawback rates from the prevalent 8%.
Select life saving drugs, LCD TVs, mobile phones, branded jewellery, sports and leather products, packaged software and footwear are among items that would cost less after the Budget.
The government has also reduced basic customs duty for two bulk drugs used in manufacturing these medicines from 10 pct to 5 pct.
Economic Survey has mooted the idea of providing food coupons to poor people to address the issue of diversion of food grain.
Reiterating his demand for a softer excise tariff, he told FE that lower tax rates coupled with lower income tax charges on interest towards housing loans would kickstart the growth cycle in realty sector thereby creating the sustained demand for paint goods.
With only a few days to go for the Budget session of the Lok Sabha to begin, parliamentary affairs minister Pawan Kumar Bansal is scheduled to meet top officials of government departments and ministries on Thursday to draw up a list of bills to be introduced in the session.
The DTH and cable sector have claimed an additional incremental revenue benefit of Rs 7,728 crore to the government over the next five-year if a duty-free regime for set-top boxes is implemented.
IndianExpress.com talks to some women looking after the households to peek into their expectations from the Budget.
Following expectations of a fast-paced reform agenda and 8-9% gross domestic product growth in 2009-10, real estate developers and international property consultants expect the forthcoming union Budget to be aggressive and investment-led.
With Budget round the corner, the consumer durable industry, which has managed to tide over the economic slowdown over the last few months and registered healthy growth across most categories...
The recent ravages in global banking and its aftermath across the world, didn’t impact the country’s banking sector noticeably, which ended fiscal 2008-09 with very good results and impressive cost management strategies.
The flamboyance of former railway minister Lalu Prasad gave way to a rather...
