The Union Budget FY10-11 is expected to come on 26 Feb’10 and will be the next major trigger for the market.
Finance Minister is expected to provide guidelines for the introduction of the direct and indirect tax reforms i.e. the direct tax code (DTC) and the Goods & Services Tax (GST).
FM may increase excise duties to decrease the fiscal stimulus measures and may raise the service tax also from 10%. We...
Gasoline is a vital fluid to the economy as blood is to a person. Without gasoline and diesel fuel the world as we know it would grind to a halt. It was not invented; it is a natural by-product of the petroleum industry, kerosene being the principal product. It is made from crude oil. The crude oil pumped out of the ground is black liquid called petroleum. This liquid contains hydrocarbons and the carbon atoms in...