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Tamil Nadu to levy tax on liquor sold in bars, restaurants
Alcoholic liquor, which is served in bars and restaurants in Tamil Nadu, will be taxed at 14.5 per cent. The new measure is expected to bring in additional revenues of around Rs 150 crore to the state exchequer. In his 2012-13 Budget speech, state finance minister O Panneerselvam said, "To implement welfare and developmental programmes more vigorously in the state, additional resources are required.

Service Tax exempted for items on negative list
New Delhi, Mar 16 (IBNS) In his Budget Speech, Union Finance Minister Pranab Mukherjee on Friday said that the Government has proposed to tax all services except those in the negative list.

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Pranab builds new house in Jangipur, land prices soar

The entire nation — from the business community to common man — may be anxiously awaiting his budget speech on March 16, but Finance Minister Pranab Mukherjee, has already set the tone

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Nabard launches package for handloom weavers

The National Bank for Agriculture and Rural Development (Nabard) on Monday announced the launch of a new centrally-sponsored scheme for handloom sector. The scheme known as “Revival, Reform

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Banking admission only for steadfast
This Monday, two documents were released which would have a long and deep impact on India’s financial services industry.

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Bank licence norms next week

The Reserve Bank of India (RBI) is set to release the draft guidelines on the entry of new banks next week. The norms will seek to minimise the downside risks of industrial houses promoting banks

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