| Insurers want exemption limit raised to Rs 1.5 lakh | 26-JUN-09 |
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| Life insurers are pitching for increased exemption on investments in long-term policies. They have asked the government to consider raising the exemption limit to around Rs 1.5 lakh from Rs 1 lakh at present. |
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| Mamata's budget to push PPP projects | 25-JUN-09 |
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| With the present economic conditions not providing much scope for either large-scale fare concessions or an across-the-board increase in freight rates, the highlight of the Railway Budget for 2009-10 is likely to be a big push to public-private partnership (PPP) initiatives to enhance the Indian Railways’ capacity to earn higher revenues on a sustainable basis. |
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| Textile industry may get more duty rebate | 13-JUN-09 |
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| The government is likely to come up with export sops for the domestic textiles industry in the upcoming Budget, including a rise in duty drawback rates. The over $55-billion industry, one of the three largest foreign exchange earners along side IT and gems and jewellery, is not keeping pace with the government’s projections for the current five-year Plan and has witnessed decline in exports since August last year on a monthly basis. |
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| Excise cuts may be selectively withdrawn to boost revenues | 13-JUN-09 |
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| The Union finance ministry is considering an increase in the central excise duty for some of the products that had benefited from the two rounds of reductions announced by the government as part of its fiscal stimulus measures last year. |
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| Infra, social sector spending to go up | 24-JAN-08 |
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| Owing to the impending general election next year and the impact of a recession in the United States on Indias growth, a senior government official said a fiscal stimulus package is likely in the |
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| FinMin mulls cut in tax surcharge | 22-JAN-08 |
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| The existing 10 per cent surcharge on personal and corporation income tax may be halved or scrapped entirely in the coming Budget.
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| Std deduction limit may be raised to Rs 1.2 lakh | 17-JAN-08 |
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| Individual tax payers may be able to avail of higher standard deduction on taxable income from the next financial year with the finance minister considering raising the standard deduction limit to Rs |
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| I-T sops on income from asset firms likely | 04-JAN-07 |
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| The government may exempt investments in asset reconstruction companies (ARC) from income tax in the forthcoming Budget to boost the bad assets recovery business.
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| MF industry seeks tax relief for debt funds | 03-JAN-07 |
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| The mutual fund (MF) industry is seeking to get tax relief on debt schemes and a solution to the issue of treating Fund of Funds (FoF) schemes on par with equity schemes from this Budget. The |
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