APN News

  • Friday, May, 2024| Today's Market | Current Time: 06:14:44

    • Business

    Milk production to increase by 4% in current fiscal

    New Delhi : Milk production in the country is expected to increase by over 4 per cent to 127.29 million tonnes in the current fiscal. Government sources said that Milk output in 2010-11 was 121.84 million tonnes. India is the largest producer and consumer of milk in the world. Meanwhile, with an aim to boost […]

    Business

    India, Africa set trade target of $90 bn by 2015

    New Delhi : India and African nations have set up a bilateral trade target of 90 billion US dollars to be achieved by 2015. The decision was taken between the Commissioner for Economic Affairs, African Union Commission, Dr. Maxwell M. Mkwezalamba and the Commerce Minister, Mr. Anand Sharma in New Delhi. India-Africa Business Council, IABC, […]

    Business

    No relaxation in voluntary disclosure income scheme: Finance Secretary

    New Delhi : The government says it has not come out with any kind of Voluntary Disclosure of Income Scheme, VDIS by proposing changes in the Income Tax Act to tap black money. Finance Secretary R S Gujral said in New Delhi yesterday that the government has no intention to give any sop in form […]

    Business

    IPL players, TV reality show judges to pay service tax

    New Delhi : The government proposes to bring in sports persons participating in non-recognised sports events like Indian Premier League (IPL) under the service tax ambit from next fiscal. Central Board of Service Tax Chairman S K Goel told reporters in New Delhi that participants in non-recognised formats of sports like IPL will now pay […]

    Business

    No service tax on metered taxis, amusement facilities, rail travel

    New Delhi : As per the budget proposal, metered taxis, entry to amusement facilities, second-class rail travel, and betting, gambling and lottery will not attract the 12 per cent Service Tax. The negative list of services, on which the increased Service Tax of 12 per cent will not be levied, include admission to entertainment events, […]

    Business

    Indian Budget lacks game changing reforms: US industry

    US : The US industry has said, India’s Budget for 2012-13 lacks the much-needed game changing reforms and called for a transparent taxation policy to attract more foreign investment. The US India Business Council, USIBC in an unusual short reaction, called Union Finance Minister Pranab Mukherjee’s Union Budget measured but without game-changing reforms. The council […]

    Business

    2 pc across the board hike in excise, service tax in Budget

    New Delhi : Finance Min Pranab Mukherjee has hiked excise duty and service tax by 2 pc across-the-board to raise Rs 45,940 crore while offering marginal relief to individuals in income tax foregoing Rs 4,500 crore. Prices of all non-oil goods are likely to go up on account of the 2 percent raise in the […]

    Business

    Black Money tracking

    New Delhi : To bring out unaccounted money, the Finance Minister proposed several measures including 30 percent taxation of unexplained money, credits, investments and expenditures. Compulsory reporting of assets held abroad, assessment upto 16 years, tax on purchase of jewellery exceeding two lakh rupees, deduction at sources on transfer of immovable properties and trading in […]

    Business

    Hike in service & excise tax

    New Delhi : Budget proposes to raise the service tax from 10 percent to 12 to all services except those to be included in the negative list. The list comprises 17 heads including the services provided by the government or local authorities except a few specified services where they compete with the private sector. Pre-school […]

    Business

    Tax slabs revised

    New Delhi : Finance Minister Pranab Mukherjee announced further relief to individual taxpayers by increasing the exemption limit to two lakh rupees giving tax relief upto 2,000 rupees to every taxpayers. Amidst thumping of desks by members he also proposed to increase the 20 percent tax slab to 10 lakh rupees. To boost savings, he […]

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