8:59 pm - Wednesday April 23, 2014

Archive: Finance Subscribe to Finance

diesel

Diesel price hiked by 45 paise

Once again, on March 22, 2013, oil companies in India announced a price hike of 45 paise-per-litre for diesel. The hiked prices exclude figures added due to VAT. After including taxes, the price of diesel will cost an additional 51 paise to...
china rail

Railway travel in China to become pricey

One of the top engineers from the railways in China said that travelling by train could become more expensive than flying, after the reform of railway authorities in the country. The Deputy Chief engineer of the China Railway Tunnel Group and...
free roaming

Kapil Sibal assures free roaming in India for mobile phones

Kapil Sibal, the Union Minister of Communication and Information and Technology has assured people that mobile phone subscribers will have free roaming outside their circle before October 2013. The minister added that the Telecom regulatory...
montek

Montek Singh Ahluwalia positive about impact on economy

P Chidambaram’s efforts to keep the Indian Budget within a well-contained fiscal deficit of 5.2 percent as appreciated by Montek Singh Ahluwalia. The planning Commission said that the initiatives taken in the budget will have a very positive...
nokia

Mobile phones to be costlier due to increase in import duty

After the announcement of the Union Budget for 2013-14 in India, by the finance Minister P Chidambaram, mobile phones are expected to become expensive. The finance minister said that for phones which cost up to Rs. 2,000, the import duty will...
houses

Luxury house to become more expensive for rich

Finance Minister P Chidambaram, on February 28, 2013 reduced the abatement on service tax in India.  This tax is availed by real estate developers for homes and flats above 2,000 sq ft, or for those costing Rs. 1 crore and above. With the...
mastercard

MasterCard launches new system for digital payment

American-based credit card giant MasterCard, on February 25, 2013, launched a new digital payment system. The new system by the company will allow people to use a variety of devices, including smartphones, to spend their money. The system is...
pawan

Indian Railway budget 2013 announced – No hike in fares

The Indian Railway Minister Pawan Kumar Bansal, on February 26, 2013, presented his first annual budget for his ministry. As it is his first, the budget had to be in favor of the general public. There were no fare hikes and 93 new trains have...
rail

Rail Budget likely to result in fare hike in India

There is a high possibility that the Indian government might announce a range of passenger-friendly measures during the Rail Budget 2013. The Rail budget will be unveiled on February 26, 2013, in Parliament. Sources have revealed that there...
flight fares

SpiceJet, JetAirways and Indigo offer lucrative flight fares

Indian carrier Jet Airways, on February 19, 2013, announced its biggest air ticket sale, comprising of 20 lakh seats which will be going for Rs. 2250. These seats will be available for travel up to anytime till December 31, 2013. These tickets...