In a so-called “bid to transform the current Indian socio-economic scenario” and “provide relief to the middle class while boosting the industrial sector”, the BJP is looking at a “revolutionary” five

Under fire from many quarters over its so-called 'policy paralysis', the Manmohan Singh government swung into action on Friday to usher in big-ticket reforms in several areas.

In a new wave of surpri

With tax collections falling and the subsidy bill risng, the government might have to seek “other ways to increase revenue” in the forthcoming Union Budget 2012-13,” sources told this newspaper, particularly with the need to meet the fiscal deficit target of 4.6 per cent of GDP set in during 2011-12.

The Union Budget 2012-13 is likely to be presented in Parliament in the second week of March, after Assembly elections are over in five states. The government feels the Budget should be tabled only after the state elections, which begin on January 28 and will continue till March 3. Counting of votes for all states will be on March 4.

Finance minister Pranab Mukherjee indicated Thursday that the ambitious Goods and Services Tax (GST) has become “hostage of contemporary Opposition politics” in the country. While some states, including Tamil Nadu, had

Finance minister Pranab Mukherjee in an interview to this newspaper said the new chairman of the empowered committee of state finance ministers, Bihar deputy chief minister Sushil Modi, was trying his best to build a