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'Service tax hike to make hotel rooms more expensive'

Last Updated: Thursday, March 22, 2012, 17:24

The government's decision to increase service tax to 12 percent will make hotel tariffs more expensive, and will have an impact on overall occupancy and business for hotel companies, leading hoteliers said on Thursday.

Budget may weaken government's credit profile: Moody's

Last Updated: Monday, March 19, 2012, 16:14

India's Budget for 2012-13 lacks new solutions to address the fiscal constraints the government is facing and may weaken its credit profile, global credit rating agency Moody's said Monday.

Budget 2012 hikes infra investment upto Rs 50 lakh crore

Last Updated: Friday, March 16, 2012, 16:04

Finance Minister Pranab Mukherjee, while presenting the Union Budget 2012-13 in Lok Sabha on Friday, proposed allocation of Rs 50 lakh crore towards infrastructure investment during the Twelfth Plan period.

Budget 2012: Excise Duty on 'demerit' goods hiked

Last Updated: Friday, March 16, 2012, 16:01

The Union Budget 2012-13 proposes to increase excise duty on ‘demerit’ goods such as certain cigarettes, hand-rolled bidis, pan masala, gutka, chewing tobacco, unmanufactured tobacco and zarda-scented tobacco.

Budget 2012: Excise Duty on 'demerit' goods hiked

Last Updated: Friday, March 16, 2012, 16:01

The Union Budget 2012-13 proposes to increase excise duty on ‘demerit’ goods such as certain cigarettes, hand-rolled bidis, pan masala, gutka, chewing tobacco, unmanufactured tobacco and zarda-scented tobacco.

Budget 2012: Total expenditure estimated at Rs 14,90,925 crore

Last Updated: Friday, March 16, 2012, 15:53

The Gross Tax Receipts in the General Budget 2012-13 are estimated at Rs 10,77,612 crore, which is an increase of 19.5% over the revised estimates for 2011-12.

Budget 2012: Total expenditure estimated at Rs 14,90,925 crore

Last Updated: Friday, March 16, 2012, 15:53

The Gross Tax Receipts in the General Budget 2012-13 are estimated at Rs 10,77,612 crore, which is an increase of 19.5% over the revised estimates for 2011-12.

Budget 2012: India aims for self-sufficiency in fertilizer sector

Last Updated: Friday, March 16, 2012, 14:52

Reading out Budget 2012-13 speech in Lok Sabha on Friday, Finance Minister Pranab Mukherjee said that the government has taken several steps to finalise pricing and give shape to investment policies for urea.

Sops and imposts in Budget; net revenue gain of Rs 41,440 cr

Last Updated: Friday, March 16, 2012, 14:07

In a mix of sops and imposts, the General Budget Friday proposed a marginal raise in income tax exemption limit of Rs 20,000 but hiked service tax and standard excise duty by 2 percent across the board to net an additional Rs 41,440 crore a year.

Budget 2012: Highlights

Last Updated: Friday, March 16, 2012, 13:25

Budget identifies five objectives relating to growth recovery, private investment, supply bottlenecks, malnutrition and governance matters

Ieema seeks extended tax holiday for power projects

Last Updated: Wednesday, February 29, 2012, 23:20

Ahead of the Budget, the apex body of the domestic electrical equipment industry Ieema Wednesday sought extension of the tax exemption to all power projects, including generation, transmission and distribution.

Ieema seeks extended tax holiday for power projects

Last Updated: Wednesday, February 29, 2012, 23:20

Ahead of the Budget, the apex body of the domestic electrical equipment industry Ieema Wednesday sought extension of the tax exemption to all power projects, including generation, transmission and distribution.