Mahindra slashes electric car e2o price by Rs 92,000

NEW DELHI: Homegrown auto major Mahindra & Mahindra has slashed the price of its electric small car ‘e2o’ by Rs 92,000 following the launch of a central government scheme offering incentives on electric and hybrid vehicles. The e2o, manufactured by the company’s arm, Mahindra Reva Electric Vehicles will see a reduction in price by 16…

Indirect tax collections rise by 20% in April 12 – February 13 period.

Indirect tax collection has registered growth of 20% to Rs 4.17 lakh crore in April-February period of the ongoing fiscal. The Budget targeted 27% growth in the indirect tax collections in 2012-13 financial year. The excise duty collection during April-February period totalled Rs 1.54 lakh crore, while customs duty mop up was at Rs 1.5…

Equity diversified funds post worst month since Nov 2011.

India’s diversified equity mutual funds posted their worst performance in more than a year in February, dragged down by poor returns in financials and mid- and small-caps, according to data from fund tracker Lipper. Such funds fell 6.7 percent on average last month, under-performing the 5.2 percent fall in the BSE Sensex, and marking their worst…

Union Budget ~ Balancing fiscal consolidation with growth

The Finance Minister has done a great balancing act in a rather difficult year. He has promoted manufacturing industry by proposing an Investment Allowance. Further to prevent revenue leakages and augment revenue resources he has come out with a number of innovative measures which while being ingenious. He has sought to promote investment in infrastructure by issue of tax…

Raghuram Rajan’s key observations on The Economic Survey.

Raghuram  Rajan (born 3 February 1963) is an Indian economist who serves as the Chief Economic Advisor to the Government of India.  He  was the chief economist of the International Monetary Fund(IMF). Rajan’s previous work with the Indian government includes his helmsmanship of a Planning Commission-appointed committee on financial reforms, and as honorary economic adviser to Prime Minister…

Benchmarks witness consolidation ahead of budget session of parliament.

After two straight sessions of impressive rally, markets appeared in a consolidation mood on Wednesday. Though, the global cues remained jubilant but traders opted to take some breather ahead of the Budget session of Parliament which will start from February 21, 2013. Nevertheless, markets managed to keep their head above water led by oil &…