Steel Authority of India Ltd (SAIL), the country’s second-largest steel producer, is expected to pass on the 2 per cent hike in excise duty on steel to consumers. A senior executive in SAIL said

In a relief to income-tax payers, the government has decided that the assessees admitting short-levy for goods in which they have not maintained proper accounts could apply for settlement of cases.

Given the tight control on expenditure the finance minister has exercised and how niggardly the increases have been on flagship programmes — Bharat Nirman has risen from Rs 32,473 crore to Rs

Iron ore and coking coal price increases have started kicking in for the steel industry, putting prices under pressure. Steel companies are contemplating a marginal increase for the month. A

In this Budget the Finance Minister has done very well in making it clear that GST will be introduced in April next year. He has also announced that one of the major objectives of this Budget is

First, the government hiked the excise duty and minimum alternate tax (MAT), and then, to add salt to the injury of consumer-focused companies, it included brand promotions and sports sponsorships

The government today said it will earn an additional Rs 40,000 crore from the hike in excise and restoration of duties on petroleum products, while it will lose Rs 21,000 crore due to income tax sops.

Finance Secretary Ashok Chawla today said that there was more confidence in the economy than what was there 12 months back, though he agreed that a high growth of 9 per cent needs agriculture to

In the brouhaha over the rise in petrol duty, what has been lost sight of is that this Budget has done no reform, introduced no move to facilitate GST for the next year, has given too many

The Visakhapatnam central excise and customs zone is likely to end the current financial year with lower revenues as compared with the last fiscal. The zone has, up to January, mobilised Rs 6,600