Financial Express - India's leading business newspaper from the Indian Express Group

Further excise duty cut likely on petro-products

The government is contemplating a further reduction in the excise duty on diesel, LPG and kerosene in order to balance the impact of the proposed rollback in the prices of petroleum products.

Sarma quits in bureaucratic musical chairs

The sudden shake-up of secretaries to the Government of India, including the finance secretary has sent shock waves among senior bureaucrats and claimed its first victim within 24 hours with economic affairs secretary Dr EAS Sarma opting for premature retirement.

IRDA joins panel on capital markets

The HLC on capital markets meeting here on Thursday, is expected to discuss, inter alia, allowing mutual funds to invest abroad in securities other than the currently-allowed GDRs/ADRs of domestic companies.

Rubin does a Clinton with I-love-India theme

Robert E Rubin loves India. So much so that Mr Rubin, chairman of the executive committee, and member of the office of chairman-Citigroup, is keen on Citigroup acquiring a local bank.

MERC chairman proposes alternatives to maintain stability of transmission system

Merc chairman P Subrahmaniam has proposed a new concept for the creation of power exchanges or power pools to fix market price and carry out accounting and settlement of transmission.