‘No need to move retrospective amendment till Vodafone issue resolved’

Last Updated: Friday, March 1, 2013, 19:22

On the Vodafone tax issue, Chidambaram categorically stated that the government will provide conciliation. “We want the matter resolved; we’ve asked them if they want it resolved, suggest a way forward. Clarity will only come into play post-Vodafone case settlement.”

Economic Survey: Legal services clock a steady annual growth of 8.2%

Last Updated: Wednesday, February 27, 2013, 20:59

As regards efficiency in the legal framework in settling disputes, India has improved its position from 64th rank in 2011-12 to 59th in 2012-13 with a score of 3.8, it added.

Economic Survey: Rationalise taxes, introduce fair pricing regime on ATF

Last Updated: Wednesday, February 27, 2013, 20:48

"There is need to rationalise the tax regime particularly value added tax on ATF which is in the range of 20-30 percent in most of the states," the Survey said.

Economic Survey: Accommodative monetary policy possible due to easing inflation

Last Updated: Wednesday, February 27, 2013, 20:37

Reserve Bank had cut repo rates by 0.5 percent in April, 2012 and by 0.25 percent in January 2013. Next mid-quarter policy review will be unveiled on March 19.

Economic Survey: Mining sector PSUs post highest rise in net profit in FY12

Last Updated: Wednesday, February 27, 2013, 20:27

However, PSUs operating in manufacturing sector recorded a decline of 22.7 percent to Rs 23,720 crore in their net profit in 2011-12. This was despite a rise of 27.73 percent to Rs 12.10 lakh crore in the turnover during the period, it said.

Economic Survey: IIFCL expected to guarantee bonds of private infra firms

Last Updated: Wednesday, February 27, 2013, 20:24

"The IIFCL is expected to graduate in the 12th Plan from the existing role of a normal lender to that of a catalyst mobilising additional resources for financing of infrastructure," it said.

Eco survey paints a cautiously optimistic picture: Analysts

Last Updated: Wednesday, February 27, 2013, 20:19

The survey, tabled by Finance Minister P Chidambaram in Parliament, projected an optimistic growth rate of 6.1-6.7 percent for the 2013-14 claiming that the downturn is more or less over and economy is looking up.

Economic Survey: Growth disappointing, things will look up next fiscal, says Montek

Last Updated: Wednesday, February 27, 2013, 20:17

The document which was tabled in Parliament by Finance Minister P Chidambaram has projected the growth rate for next fiscal at 6.1-6.7 percent.

Economic Survey: 28 million unemployed persons in 2009-10

Last Updated: Wednesday, February 27, 2013, 19:26

The total number of unemployed mandays declined by 6.5 million persons, from around 34.5 million in 2004-05 to 28 million in 2009-10.

Economic Survey: Govt plans five more rail freight corridors

Last Updated: Wednesday, February 27, 2013, 19:13

Eastern dedicated freight corridors (1,839 km) connecting Dankuni near Kolkata with Ludhiana in Punjab and Western corridor (1,499 km) connecting Jawahar Lal Nehru Port in Mumbai with Dadri/Rewari near Delhi are already being implemented.

Economic Survey: Pvt power firms may face financing troubles

Last Updated: Wednesday, February 27, 2013, 18:57

"The private developers may not be able to finance the projects if coal linkages are not resolved and there are delays in finalisation of fuel supply agreements (FSAs)," said the Survey, tabled in Parliament.

Economic Survey: Mixed signals on industrial production

Last Updated: Wednesday, February 27, 2013, 18:53

The industrial production measured on IIP made a smart recovery in October 2012 by showing a growth of 8.3 percent, but entered into negative zone in the subsequent two months.