Budget: Fiscal Stimulus to Poor and Rural Area
Feb 29, 10:09 AM EST |
|
| Short term captial gains tax will be increased to 15% from 10% and tax on derivative transaction will be revised higher. |
|
| Indian government proposed fiscal 2008-09 budget to parliament with a populist touch. Largest ever debt forgiveness program will help 4 core farmers with the debt relief of 60,000 crore rupees. Finance Minister P. Chidambaram estimated that the current year fiscal deficit will be 3.1%, lower than earlier projection of 3.3%. He also forecasted that the next year fiscal deficit will be 2.5%, lower than 3% threshold to meet a fiscal responsibility law. |
|
|
Full Story... |
India's Production Rises 7.6%
Feb 12, 3:52 PM EST |
|
| The General Index stands at 283.8, which is 7.6% higher as compared to the level in the month of December 2006. |
|
| The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of December 2007 stand at 180.6, 305.7, and 219.6 respectively, with the corresponding growth rates of 3%, 8.4% and 3.8% as compared to December 2006. |
|
|
Full Story... |
|
1
|
|
|
|
