Jaswant woos consumers Slashes duties on a wide range of goods
IN a clear message that there will be no going back on its economic reforms agenda irrespective of the timing of elections, the Government on Thursday announced major import duty cuts and certain taxpayer-friendly measures in a virtual ...
Rationalisation of customs and excise duties may cost Rs 9,000 cr
THE rationalisation of customs and excise duties announced by the Finance Ministry today may blow a large hole in the exchequer, with the Centre expected to forego revenues of roughly Rs 9,000 crore during a full financial year. A top official ...
`Measures to spur growth'
THE Finance Minister, Mr Jaswant Singh, said that the duty cuts announced today would spur the economy to a higher growth orbit even as he said that the revenue loss from the measures would be "temporary". "Every taxation measure has certain ...
With customs duty cut, scrapping of SAD `Mobile handset prices likely to drop 8-10 pc'
THE telecom sector, in particular, cellular services, is expected to benefit immensely from the overnight changes in customs duties and abolition of Special Additional Duty (SAD) announced by the Finance Ministry. According to industry sources, ...
Life saving drugs to cost less
CONSUMERS could well heave a sigh a relief with the Finance Ministry's decision to cut customs duty of specified life saving bulk drugs as this could lead to prices coming down. The Government on Thursday announced that customs duty on ...
Domestic airfares set to move southwards by 13-15 pc
THE Government move to abolish the 15 per cent Inland Air Travel Tax (IATT) is expected to see domestic airfares drop by between 13 per cent and 15 per cent. In effect, the announcement means that a passenger travelling in economy class by ...
Market sizzles, Sensex soars
AFTER the stock market regulator announced steps to pump in more liquidity into the booming stock market, the Government today gave investors reason to make use of it. As news of the `mini-Budget measures' filtered into the stock market towards ...
A loud signal for early polls
IT'S curtains for the Lok Sabha, and on to the polls, for all practical purposes. With the Union Finance Ministry unveiling a "historic mini-Budget" of sorts - coming as it did like a bolt from the blue on a bright Thursday afternoon - ...
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