The continuing speculation that Finance Minister Pranab Mukherjee is the frontrunner in the race for Rashtrapati Bhavan seeped into the atmosphere of Parliament, as it eagerly awaited his reply to the

Abhijit Sen Gupta, senior economics officer, Asian Development Bank (ADB) India, tells Dilasha Seth the multilateral agency's forecast for growth in India was lower than the finance ministry's because

While formulating the Budget, the finance ministry assumed the rupee would stand at 48-50 against the dollar in the first quarter of 2012-13. And, appreciate to below 48 for the rest of the year, on

When a non-resident Indian (NRI) lands in India now, he or she can zoom through customs with duty-free goods worth Rs.35,000 ($685). That's a small increase from the earlier duty-free allowance of

After rolling back the increase in passenger fares, the railway ministry, with a deficit of about Rs 5,000 crore, is now struggling to get the Budget math right. Railway minister Mukul Roy had

India's economy is exposed to an extended euro zone crisis and policy paralysis at home, while the coalition government is under tremendous strain from scandals and rebellious coalition partners.

Household budgets will be hit hard as the two percent increase in service tax and excise duty contained in the budget for 2012-13 came into effect from Sunday making phone calls, eating out and a host

Telephone calls, restaurant bills and other activities will cost more from today with the budgetary proposal of raising service tax rate to 12 per cent coming into effect from Sunday. In order to

Mar31 Observing that political power has become 'fragmented', Rajya Sabha MP N K Singh has said it was time for Congress-led UPA to "loosen" its economic control over the States. "..Budget is not a

As a part of amendments to the Budget proposals associated with transfer pricing, the finance ministry may either tweak or do away with the provision that allows an assessing officer to file appeal