Budget 2012

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  27 Jan 2012, 05:32

  Oin Min demands extra duty of Rs 80000 on diesel vehicles

  Oil Minister S Jaipal Reddy today asked Finance Minister Pranab Mukherjee to impose additional excise duty of Rs 80,000 on diesel vehicles and grant 10-year tax holiday for oil and gas hunt and refineries in the forthcoming Union Budget.

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  27 Jan 2012, 03:12

  Don't expect RBI to cut interest rates till Q2CY12: Eskesen 

  The RBI's recent policy review which saw no alteration of the repo and reverse repo was in line with what Leif Eskesen, chief economist-India & ASEAN, HSBC Global Research was expecting.

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  27 Jan 2012, 01:27

  Investment to return if rates fall by 50-75bps: CII 

  Even though the CRR cut by the Reserve Bank was a welcome move, president of the Confederation of Indian Industry, B Muthuraman says that it will not mean that investment will pick up over night.

• ITC may hike stake upto 25% in EIH & Hotel Leela: Deveshwar 

  ITC chairman Yogesh Chander Deveshwar clears some air about the increase in stake. In an interview to CNBC-TV18, he said that both EIH and Hotel Leela are treasury operations and it can go up to 25% in both the hotel companies.

• India's FY12 growth may sink below 7%: Shankar Acharya 

  Even though the Reserve Bank of India, in its third quarter monetary policy review, slashed CRR, it is not able to impress economist Shankar Acharya of ICRIER.

• Wipro hopeful of outperforming peers in FY13: Azim Premji 

  Azim H Premji, Chairman and Managing director of Wipro believes that Europe is plagued by uncertainty and slowdown in growth.

• There's further room for January-like rally: IL&FS 

  Our market is looking better than what it did a few weeks back, says Vibhav Kapoor of IL&FS.

• Budget may include DTC norms to avoid Vodafone-like rows

  To avoid disputes like the Vodafone tax case in future, government is contemplating incorporation of provisions on taxation of overseas deals from the stalled Direct Taxes Code (DTC) Bill in the Budget for 2012-13.