Proposed Women's Bank doesn't need special permission: RBI

Last Updated: Thursday, February 28, 2013, 22:16

Reserve Bank Deputy Governor Anand Sinha Thursday said the proposed all-Women bank may not take much time to come up as this would fall under the ambit of the already existing public sector bank guidelines.

Budget proposals to boost investments: Sharma

Last Updated: Thursday, February 28, 2013, 21:25

Steps proposed in the Union Budget today will help boost investments in the country and provide a thrust to the textiles industry, Commerce and Industry Minister Anand Sharma said Thursday.

Rural dev ministry gets Rs 80,194 crore budget allocation

Last Updated: Thursday, February 28, 2013, 21:03

Rural Development Ministry, which steers a number of flagship programme like MNREGA and PMGSY, has got an allocation of Rs 80,194 crore for 2013-14 fiscal.

Govt announces scheme for making renewable energy cheaper

Last Updated: Thursday, February 28, 2013, 19:54

Terming as priority the promotion of clean and green energy, Finance Minister P Chidambaram Thursday announced a scheme for making of renewable energy cheaper by providing for low interest bearing funds.

S&P, Fitch say India rating unaffected by Budget

Last Updated: Thursday, February 28, 2013, 19:28

Global rating agency Standard & Poor's Thursday said the Union Budget for fiscal year 2013-14 will have no impact on the country's sovereign credit rating.

Budget 2013 disappoints aviation, hospitality industry experts

Last Updated: Thursday, February 28, 2013, 19:25

Aviation and hospitality industry experts Thursday expressed disappointment at the 2013-14 general budget, saying contentious issues like high sales tax on jet fuel and taxation on travel trade had not been addressed.

Union Budget 2013: Rs 2,030 cr given for development of NE region

Last Updated: Thursday, February 28, 2013, 19:06

The Ministry of Development of North Eastern Region was on Thursday given an allocation of Rs 2,030 crore in the Union Budget, which is an increase of Rs 101 crore as against last year's outlay of Rs 1,929 crore.

Union Budget 2013: Govt to reduce securities transaction tax on certain segments

Last Updated: Thursday, February 28, 2013, 18:38

The government will reduce taxes levied on various transactions in the securities market, a move that will help in bringing down the overall cost for investors.

Need to import coal, adopt price pooling to meet demand: Govt

Last Updated: Thursday, February 28, 2013, 18:35

Keeping in view the fuel needs of the power sector, the government on Thursday said there was no other choice but to import coal and adopt a policy of blending the prices of domestic and imported coal.

Mobile phones above Rs 2,000 set to cost more

Last Updated: Thursday, February 28, 2013, 18:30

People aspiring to buy expensive smartphones like iPhones, Galaxy SIII or even mid-level Nokia Asha will have to shell out more now as the Budget for 2013-14 raised excise duty to 6 percent on handsets priced above Rs 2,000.

Budget 2013: Govt announces Rs 2,000-cr fund for scientific innovations

Last Updated: Thursday, February 28, 2013, 18:26

In a bid to boost scientific innovations that can improve the life of the common man, the government today announced setting up of a Rs 2,000-crore fund to help encourage and finance such products.

Union Budget 2013: Defence Ministry gets 14% hike in budget

Last Updated: Thursday, February 28, 2013, 18:18

Today's allocation is up by Rs 25,169 crore from last year's revisited estimate of Rs 1,78,503 crore. The budget estimate was Rs 1,93,407 crore but Rs 14,904 crore was slashed by the Finance Ministry owing to the strain on the economy.