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Monthly Archives: February 2013

Sensex falls 291 points after budget proposals

Mumbai(IANS): In the absence of any significant market moving proposals in the union budget presented Thursday, a benchmark index for Indian equities tanked nearly two percent in volatile trade. Finance Minister P. Chidambaram’s budget proposals like higher taxes on corporates ...

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India Inc gives thumbs up to the Union Budget

New Delhi(PTI): India Inc today gave a thumbs up to the UPA-II’s last Union Budget before the general elections next year and said Finance Minister P Chidambaram presented a “bold” and “growth-oriented” Budget. Hailing the announcements, industry chamber CII said ...

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Cigarettes, SUVs and smart phones to cost more

New Delhi(IANS): In a bid to mobilise revenue, Finance Minister P. Chidambaram Thursday raised the excise duty on cigarettes, cigars, sports utility vehicles (SUVs) and mobile phones. Presenting the union budget 2013-14 to the lower house of the parliament, Chidambaram ...

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Proposal to purchase 197 choppers put off

New Delhi(PTI): A decision to procure 197 light helicopters which have come under scrutiny over allegations of deviation from the tendering process was put off today, a move that comes against the backdrop of a scam in another chopper deal ...

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