Business

With this move, passengers would have to pay over three per cent over and above the recent train fare increases.

The Finance Minister said creation of 2 million tonnes of storage capacity in the form of modern silos has already been approved.

Government plans tax collection at source on cash purchase of bullion or jewellery in excess of Rs 2 lakh.

Mukherjee quoted Shakespeare and ancient Indian economist Kautilya during his 2012 Budget speech.

CII President B Muthuraman said he was expecting much more and the excise-related proposals would push up prices.

The minister announced two more mega handloom clusters at Andhra Pradesh and Jharkhand.

The Union Budget 2012-13 identifies five objectives to be addressed effectively in the ensuing fiscal year.

The benchmark index is up for six of the past seven sessions and is on target for its best week since early February.

A former Goldman Sachs banker sparked a firestorm by charging that Goldman managing directors viewed clients as 'muppets'.

BJP leader Arun Jaitley on Thursday criticised the UPA government for its indecisiveness on the fiasco that followed the Rail Budget.

Brinda Karat said that while the CPI(M) was opposed to the train fare hikes, the way Mamata Banerjee acted was simply deplorable.

The TMC parliamentary chief said if Trivedi announces a rollback, he can he continue to be the Railway Minister.

He said if the exercise succeeded in cutting operating costs, it would be a major improvement.

A new premium scheme on reservation for a confirmed berth is also likely to be announced in the Union Rail Budget.

SP Hinduja also said that concern about corruption has impacted the business confidence and FDI flows.

Kingfisher Airline, which has a debt of about $1.3 billion, needs at least $400 million soon to keep flying.