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More tax sops please, India Inc chorus to FM
Corporate India, on Tuesday, exhorted the Centre to cut personal and corporate tax rates in the coming budget and impose 35 per cent import duty on Chinese products to offset rupees appreciation against the yuan.
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Core sector growth plunges
Impacted by sluggish increase in output since September, the cumulative expansion for April-November period of current fiscal also declined to 6 per cent as compared to 8.9 per cent in the corresponding months of fiscal year 2007.
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Panel formed on manufacturing
The Prime Minister Manmohan Singh has constituted a high powered group for suggesting various measures to ensure the continuing growth of the manufacturing sector, which of late is showing signs of deceleration.
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Ford will invest $500 m in India
With the new investment, Fords total financial commitment in India will touch US$875 million (Rs 3,100 crore).
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M&M pause on Chennai plans
Mahindra & Mahindra, on Tuesday, said it has deferred its plan to invest, jointly with Renault and Nissan, in a manufacturing plant in Chennai.
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Picks up Italian design house |
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Allied Comp unveils its new laptop |
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Bajaj turns beacon on Lite |
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Picture not so rosy, say CEOs |
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Microsoft bids $1.2 billion for Fast |
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Apparel exports may take a $1 bn hit in 07-08 |
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Obopay forays into India |
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Power Grid to raise $1 bn |
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AT A GLANCE |
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Finance Minister P Chidambaram and Minister Of State for Revenue S S Palanimanickam (right) during the pre-budget meeting in New Delhi on Tuesday. PTI
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Click Here for DH Photogallery
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| Market Notes |
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| Gold (Bangalore) (10gm) |
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11,196 |
| Silver (per kg) |
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20,900 |
| Gold (Mum)(10gm) |
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- |
| US dollar * |
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39.45 |
| Pound * |
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78.42 |
| Euro * |
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58.50 |
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| DH Forum |
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| Bureaucrats in politics |
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Of late, many bureaucrats and senior officials are quitting service and taking the plunge into politics. Is it a welcome trend? Deccan Herald had invited readers’ opinion on the issue.
Many of our readers believe that bureaucrats, with their knowledge and experience in governance, have the potential to be effective lawmakers. However, some others opine that the services of the bureaucrats and senior officials are required in day-to-day administration. |
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| Expertspeak |
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BEAT THE HEAT:
