NEW DELHI: The shortfall in direct tax collection target is now pinching the corporates. They have come under pressure from tax officials who are asking companies to pay more as last installment of advance tax so that gaps in targeted collection could be narrowed. Besides, various commissionerates of the...
Companies that depend on railways for business are cheering railway minister Dinesh Trivedi’s move to significantly increase allocation for locomotives and wagons, which boosts business opportunities. The minister painted a bright long-term picture for the wagon industry, saying annual procurement would rise to 29,000 units by 2020 from the...
NEW DELHI: Competitive politics saw UPA ally DMK and political rival AIADMK on the same side, trying to corner the Congress-led UPA government over the issue of atrocities against Sri Lankan Tamils. For a second day in a row, proceedings in both Houses of Parliament were disrupted as both...
LUCKNOW: It was in 1994 that Akhilesh, then around 20, was clicked with his chief minister father Mulayam Singh Yadav for the first time ever during a special photo shoot for a news magazine. A little over 18 years later, Akhilesh will be clicked with Mulayam once again on...
The railway budget presented on Wednesday, hailed by Prime Minister Manmohan Singh and finance minister Pranab Mukherjee as reformist and progressive—it raised rates, the first for a rail budget in almost a decade— seems to have put the government in a familiar place (a mess) in an unfamiliar way...
After presenting the Railway Budget, Railway Board Chairman Vinay Mittal and Financial Commissioner Vijaya Kanth spoke to Business Standard on the proposals. Edited excerpts: How much additional revenue would come from the passenger fare rise? What is the long-term vision on this front? Freight traffic on Indian Railways is...
In an interview with Business Standard, Railway Minister Dinesh Trivedi says if there is no rise in fares, the Indian Railways would come to a grinding halt. Edited excerpts: You are heading a government that claims to belong to the aam aadmi. Yet, you have increased fares. Wherever I...
Chandigarh, March 14 – Congress M.P. Mr. Deepender Singh Hooda has thanked the UPA Chairperson Mrs. Sonia Gandhi, Prime Minister Dr. Manmohan Singh and Union Railway Minister Mr. Dinesh Trivedi for sanctioning number of new railway projects for Haryana State in railway budget 2012-13, which was presented today in...
Appreciating the Railway Budget presented today by Hon’ble Mr Dinesh Trivedi, Railway Minister, the Confederation of Indian Industry (CII) stated that it is a bold and pragmatic Budget and meets the needs of the country over the longer term. “The Rail Budget is largely in alignment with CII’s pre-Budget...
By S. Sethuraman The Railway Minister Mr Dinesh Trivedi, in his maiden budget for railways in 2012/13 presented to Lok Sabha on Wednesday, holds out plans of greater safety for passengers and modernization of the largest undertaking in the 12th plan period with a modest revision of fares for...