Ahead of Budget 2012-13, finance minister Pranab Mukherjee today rang the alarm bell over rising subsidies, even as the farm and food ministries conveyed differences over the proposed Food Security

Indirect tax collections figure on Wednesday corroborated dismal performance by manufacturing this financial year as shown by advance GDP numbers yesterday. Excise duty collections again contracted in

The government on Tuesday estimated 6.9 per cent economic growth for the current financial year. Earlier predictions had ranged 7-7.5 per cent. The economy had grown 8.4 per cent last financial year.

Lack of proper regulatory framework, among other hurdles, the biotechnology (BT) industry is having to surmount, is affecting the sector and its growth. The government will have to move fast and speed

The fertiliser industry is seeking a higher cap on urea cost than the proposed $340 a tonne, to calculate subsidy to new plants. With the fertiliser ministry in the process of finalising

Get ready to pay tax on every service barring those in some 20 categories such as construction, health, entertainment, restaurants, non-AC rail fares, travel by the metro or public buses, etc. A key

The Finance Ministry is likely to reduce Securities Transaction Tax (STT) on equity trade in the forthcoming Budget in a bid to boost the capital market despite pressure to improve revenue

At a time when the government is pushing cash-rich public sector companies to pep up the economy through greater spending, the railways are likely to cut Plan expenditure by Rs 9,079 crore this year.

The Budget for 2012-13 is unlikely to tinker with the rates or widen the slabs for both direct as well as indirect taxes, despite chambers seeking more money in the hands of people to prop demand.

As part of its proposal for the Budget sent to the finance ministry, the Airports Authority of India (AAI) has asked for the approval to raise Rs 3,000 crore through tax-free infrastructure bonds in