Month: July 2009

• Non tax revenue receipts are likely to be better • Total estimated expenditure for 2009-10 is Rs 10 lakh crore • Fiscal deficit seen at 6.8% in FY10 • To eliminate tax distortion • Increasing automation in direct tax collection • Federal Tax/ GDP ratio is 11.5% • TO INTRODUCE GST BY APRIL 1, … Read more Indian Budget – Pranab Mukherjees Transcripts Live

• Govt to set-up expert committee to advise on petro pricing products • Rs 1 lakh crore projects for Infrastructure revival • PSUs to remain under govt control • Govt wants public shareholding in PSUs to go up • 8.5% growth in recent past fueled by pvt sector investment • Income-tax return forms to be … Read more Indian Budget Highlights – Live from Parliament

• Poll result is mandate for inclusive growth. • A single Budget Speech cannot solve all our problems. • Budget an important mean to present the view of the government • Aim: To reduce number of people living below poverty line to less than half of current level by 2014 • Aim to sustain a … Read more Highlights of Indian Budget – Live

Private air carrier SpiceJet plans to launch international operations by May 2010. The company is currently studying various aspects revolving its plan to go international As per the regulations, an airline needs to fulfil certain requirement such as completing five years of domestic operations and operate 20 or more domestic flights in order to start … Read more SpiceJet to fly international next year

Stockpiles of copper in China have increased by around 300,000-400,000 metric tonnes since the start of 2009, according to a report released by Macquarie Bank on Monday. The report estimates a 50,000-tonne addition at the State Reserve Bureau, 40,000 tonnes at Shanghai Futures Exchange warehouses, 60,000 tonnes at bonded warehouses and 150,000-250,000 tonnes of additional … Read more China dumps USD Buys Copper + Industrial Metals