When IT will play a crucial role in the government’s charter of inclusive and sustainable development, this tax is retrograde, feels Microsoft Chairman Ravi Venkatesan.
The government is planning to tap non-resident Indians and people of Indian origin for funds to set up universities across the country.
The BPO industry wants a more level playing field when it comes to service tax paid on exports.
He says interests of all customers have been kept in mind while preparing it, reports Shekhar Iyer.
He slashes upper class fares while freight rates remain unchanged, reports HS Bartwal. Highlights
The industry says no steps have been announced to increase productivity in agriculture, electricity and other sectors which are not producing sufficiently.
Software services and IT-enabled companies will have to pay about 12 per cent, reports Prerna K Mishra.
In the Union Budget, the FM boosts spending on key growth drivers, reports Ravi Srinivasan.
The Essar group plans to roll out 2,500 outlets in India at an estimated cost of Rs. 1,500 cr, reports Indulal PM.
A report says that work being switched to India has little effect on call centres in Britain, which will provide more than a million jobs by year end.
This will be fourth year in a row that is expected to see the Railway Minister not hiking the passenger fares.
The 30-share index, which had shot up to 18,137.28 points, ended just 19.80 points higher at 17,825.99.
Marketmen adopted a cautious approach a day before the Budget even as fears of inflation in the US, the world's biggest economy, continue to rise.
Despite completing 14 years since introduction, service tax is still evolving and many amendments have been introduced in the law, some being with retrospective effect as well.
Welfare of minorities received a major boost when the Union Budget presented by Finance minister P Chidambaram proposed doubling the allocation for the ministry of minority affairs.