INTERNATIONAL Afghanistan clears $ 11.1 million IMF arrears Washington: Afghanistan has cleared its overdue obligations amounting to about $ 11.1 million to the International Monetary Fund (IMF).
NATIONAL Union Budget: No change in Income, Corporate taxes New Delhi: The Union Budget for 2003-04 proposes no change in Income and Corporate tax rates, abolished the 5 per cent surcharge on Personal Income Tax and raised Standard deduction while retaining sops on Home loans.
SENSEX up by six points on growth-oriented Budget Mumbai: IT stocks rallied smartly aiding the SENSEX to end six points up in otherwise erratic movements on the Bombay Stock Exchange (BSE) on February 28 on heavy purchases by Foreign Institutional Investors (FIIs) in response to growth-oriented Budget proposals.
Budget gives boost to IT, telecom sectors New Delhi: In a boost to Information Technology and Telecom sectors, the Union Budget for 2003-04 has proposed to sustain and encourage the momentum of growth achieved in both the sectors.
Budget focuses on health, education, housing: FM New Delhi: The Union Budget for 2003-04 will have five main objectives including poverty eradication, tax reforms and introduction of service tax and VAT in states from April 1, 2003.
A great Budget for Indian economy growth: CII New Delhi: Indian industry on February 28 generally welcomed the 2003-04 general Budget, saying the proposals were "great" and "growth-oriented".
SENSEX opens strong at early stages, moves up later Mumbai: The SENSEX opened on a firm note and later surged up further during opening session, in line with a smart rally in equities on the Bombay Stock Exchange (BSE) on February 28 on all-round buying support.
