NATIONAL Tax collections marginally falls short of target Total tax collections stood at Rs 3,03,856 crore in 2004-05, marginally falling short of the revised estimate of Rs 3,05,314 crore mainly due to lowering of excise duty on petro products and lower income tax owing to under-recovery from oil PSUs.
Reliance Capital passes accounts amidst protest In a yet another controversy involving the Ambani brothers, a group company Reliance Capital today (Apr 25, 2005) passed its financial accounts with one of the directors, an aide of younger brother Anil, protesting against sale of its holdings in the petrochemical venture.
FM rejects cut in duties on petroleum products Finance Minister P Chidambaram today (Apr 25, 2005) rejected a cut in duties on petroleum products to avoid an inevitable hike in petrol and diesel prices.
Sensex continues upward march; ends at 6377.85 The Sensex today (Apr 25, 2005) continued its upward march, completing four-session gaining streak and was up by another 31.28 points to close at 6377.85 on the Bombay Stock Exchange (BSE) on sustained buying by domestic mutual funds.
All States agree on uniform sales tax on diesel All States have promised to impose at least 20 per cent sales tax on diesel, the Empowered Committee on Value Added Tax (VAT) secretary Ramesh Chandra said today (Apr 25, 2005).
Anil Ambani unaware of his status on IPCL Board In a new twist to the ongoing controversy over his status on the board of Reliance group petrochemical company IPCL, Anil Ambani today (Apr 25, 2005) said he was unaware of any step taken by the company.
INTERNATIONAL US shows rise in earnings due to foreign operations While many Americans view growing Chinese and Indian economies as a threat to their jobs, major US firms have reported a sharp rise in earnings, mainly due to their foreign operations.
