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

Fiscal deficit within limits

FM Yashwant Sinha will present his fourth annual Budget to Parliament on Wednesday, claiming a good record on the fiscal front. Mr Sinha is expected to show that he has stayed within his budgeted fiscal deficit target of 5.1% of GDP.

Shourie rules out Balco deal probe

Disinvestment minister Arun Shourie on Tuesday ruled out a JPC into Balco divestment in the Rajya Sabha, saying strictest of norms were followed for all procedures, including the all-important valuation of the company.

CVs chase international VCs

Seminars are known to be fertile grounds for networking. And VC networking seminars often see fund-starved companies VCs trying to make an impression on the global moneybags.

Govt plans changes in Foreign Trade Act post-QRs

The government has decided to introduce a bill to amend the Foreign Trade Act during the Budget session with a view to enable it to take safeguard measures by re-imposing QRs in case there is an import surge.

Centre asks states to levy fresh taxes on foreign liquor

The department of food processing has asked the state governments to consider imposing levies and other cess on imported alcohol and wines at par with those on domestically produced alcohol and wines.