Financial Express - India's leading business newspaper from the Indian Express Group

I-T dept slaps Rs 1,500 cr interest tax claim on LIC

The Income Tax department is understood to have claimed a tax liability of around Rs 1,500 crore from the LIC on the interest income from government securities, bonds and government debentures since 1992-93.

SC judgements may salvage Balco privatisation

Legal hurdles are unlikely to stall the privatisation of BALCO thanks to previous Supreme Court (SC) judgements.

`Expect a farcical Railway Budget'

Mamata Banerjee has had her way, you can expect a farcical railway budget", said a highly placed source in the Union government.

Housing, jobs worry the common man

The two things that worry working professionals the most are housing and employment. And the FM's performance in both these sectors has been disappointing at best, according to the respondents of the Zee TV-ORG Marg survey.

Tata Steel chief advocates 'reasonable' tariff

Tata Steel MD JJ Irani said on Sunday that the government should impose `reasonable' tariffs on items, which would be freely imported from April this year, even as it acknowledged that Chinese goods being dumped into India were cheaper and match quality of their Indian counterparts.