Business

A Nomura report has said the brokerage expects the Reserve Bank to deliver next repo rate cut on May 3, not March 19.

The government will get around Rs 3,639 crore from the 2G spectrum auction for CDMA services.

Sources said bids were received for three blocks in each of eight circles, including Delhi.

The company had contended in its petition that the amount due is much less than the demand made by the IT Department.

Among the realty stocks, HDIL was up 13.1 per cent while Anant Raj, Sobha Developer and DLF gained around 7-3 per cent.

A Cadbury India spokesperson said it will respond to the show cause notice in consultation with its legal advisers.

Finance Minister P Chidambaram said the tax department has information about people's expenditure patterns and their financial transactions.

Though Delhi was given Rs 1,031.61 crore for 2012-13, it could spend only Rs 831.61 crore which was reflected in the revised estimate.

Tax analysts said the amendment could create confusion among foreign investors.

In 2012, the Ministry was allocated a total of Rs 1152 crore but it was later revised to 1005.60 crore.

Chidambaram said the DTC will be a new code based on the international practices that will be compatible with the needs of a fast developing economy.

P Chidambaram has proposed to extend "full exemption from export duty" to galvanised steel sheets falling under certain sub-headings.

The announcement was made by P Chidambaram in the Lok Sabha amid thumping of desks by members.

The RGESS, originally announced in the Budget 2012-13, seeks to provide tax benefits to first-time investors in markets.

Railway Minister Pawan Kumar Bansal announced 67 new express trains and 26 new passenger trains as part of the Railway Budget 2013-14.

Backed by a corporate sector survey, the chamber said that instead of higher taxes for the rich, the government should focus more on high growth.