Budget:Service tax raised from 10 to 12 percent

Mar. 16 | New Delhi: Most services will become costlier as Finance Minister Pranab Mukherjee Friday proposed to raise the service tax to 12 percent from the existing 10 percent that will yield an additional revenue of Rs.18,600 crore. “Looking at our vast...

India’s growth disappointing, but recovering: Mukherjee

Mar. 16 | New Delhi: Finance Minister Pranab Mukherjee Friday said the growth of the Indian economy estimated at 6.9 percent during this fiscal year was “disappointing” as he started presenting what was his seventh federal budget in the Lok Sabha. “The...