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Wait till Dec 31: Jaitley on extension of auto excise sop

The previous UPA government had cut excise duty on cars, SUVs and two-wheelers in the Interim Budget in February to help the industry tide over a demand slump.

Lower excise duty for automobiles, capital goods to continue past June 30

The Government on Wednesday extended excise duty concession on automobiles, capital and consumer goods for six months till December 31, 2014.

Allocation for PSU banks smaller than estimated: Moody's

The government's decision to infuse a mere Rs 11,200 crore in public sector banks in FY'15 is credit negative as the amount will not help banks meet a minimum Tier I ratio of 8 percent under Basel-III norms, international rating agency Moody's said Friday.

TVS Motor Company cuts two-wheeler prices by up to Rs 3,500

TVS Motor Company on Friday announced cutting prices by up to Rs 3,500 across its product portfolio following excise duty reduction announced in the interim Budget.

Tata Motors to cut vehicle prices by up to Rs 1.5 lakh

Auto major Tata Motors on Friday announced cut in prices by up to Rs 1.5 lakh across its product portfolio following excise duty reduction announced in the interim Budget.

Parliament passes Interim Budget 2014-15

Parliament on Friday passed the Interim Budget for the financial year 2014-15 with Rajya Sabha returning it after brief discussion.

Yamaha cuts two-wheeler prices by up to Rs 3,066

Yamaha Motor India Sales on Friday announced cutting prices of its two-wheelers by up to Rs 3,066 across models following excise duty reduction announced in the interim Budget.

Capital allocation for lenders in budget is credit negative: Moody's

India's allocation of 112 billion rupees for capital injection into state-run banks is credit negative as it is much smaller than estimated requirements, Moody's Investors Service said.

General Motors reduces prices by up to Rs 49,000

The company has reduced prices across categories in the range starting from Rs 12,000 to Rs 49,000.

Maruti, Hyundai, Mahindra lower prices after excise duty cut

Finance Minister P Chidambaram proposed the excise duty cuts on February 17 "to give relief to the automobile industry, which is registering unprecedented negative growth."

Oil subsidy falls short of Rs 42,200 cr for March quarter: Moody's

Moody's also warned that failure to fully reimburse OMCs will be credit negative.

Hero MotoCorp to reduce prices up to Rs 4,500

Hero MotoCorp has decided to cut prices up to five percent to pass on the benefit of excise duty cut announced by Union Finance Minister P Chidambaram in his interim Budget.

Lok Sabha passes Interim Budget 2014

Lok Sabha on Wednesday passed the Interim Budget for the financial year 2014-15 without much discussion.

Nissan cuts vehicle prices by up to 6% after excise duty cut

Nissan Motor India has slashed the prices of its vehicles by up to 6 percent from February 18 following a cut in the excise duty announced in the interim Budget.

'Excise cut may not rev up auto sales; neutral for cap goods'

The government's decision to slash the excise duty on cars and SUVs may not lead to a spike in sales, while the impact of the same on the capital goods sector would be neutral, a research report says.

Honda cuts two-wheeler prices by up to Rs 7,600

Honda Motorcycle & Scooter India (HMSI) on Tuesday cut prices of its products by up to Rs 7,600 after the excise duty reduction announced in the Interim Budget 2014-15.

Realtors unhappy with Interim Budget

Real estate companies are facing demand slowdown in last few years.

Govt to roll over Rs 35,000 crore of oil subsidy to 2014-15

The government will roll over Rs 35,000 crore of oil subsidy from the current financial year into 2014-15, when an additional Rs 30,000 crore has been provided.

Excise duty cut to cause up to Rs 1200 cr revenue loss for govt

The government will lose Rs 1,000-1,200 crore over the next three and a half months due to reduction in excise duty on vehicles and consumer goods announced Monday.

Chidambaram wants RBI to balance price stability and growth

The Reserve Bank of India (RBI) should strike a balance between price stability and growth when announcing its monetary policy, the finance minister said on Monday, hinting at his unhappiness over its rate hike decisions.