The ministry is likely to go by the recommendations of a committee on liberalising external commercial borrowings, headed by M S Sahoo, a former director with the Securities and Exchange Board of India.
The company moved the income-tax appellate tribunal and its appeal is pending there.
FinMin plans tougher targets for bad loans, Casa and others in performance-linked pay for senior management.
Kharif sowing till June 20 almost 18 per cent less than last year; 328 districts under watch, based on rains in the first 15 days
Monsoon is expected to cover central and eastern India after Tuesday.
Green signal from Jaitley; CVC okays Hemant Contractor for head of PFRDA
The prices of oilseed, coarse cereals & vegetables could also be affected.
Finance ministry considers tax sops, regulation of hospitals to make health care affordable.
The Financial Sector Legislative Reforms Commission had in a report last year proposed a unified regulator for the entire financial sector -- markets, insurance, commodities and pension. It had, however, proposed to keep banking out of its purview for now.
Vodafone's long-pending tax dispute with the government might be heading for a resolution, with the finance ministry considering changing the Income-Tax Act's retrospective amendment and taxing indirect transfer of assets prospectively from 2012, the year the law was clarified.
This will add to the woes of the conglomerate that had received a show-cause notice from the Directorate of Revenue Intelligence (DRI) last week for alleged over-valuation of imported machinery by Rs 2,000 crore.
Under new government, tax office to explore ways to reduce disputes.
A decision by P Chidambaram in his last days as finance minister has annoyed the revenue department.
Indirect tax collections saw only a meagre 3.5 per cent growth, as mop-up from Customs fell sharply on account of a drop in imports.
Since 2004, Montek Singh Ahluwalia, one of the commission's longest serving deputy chairmen, has been trying to mould it to fit into the new economic order, without much to show for his efforts.
Many ministries couldn't use the allocated funds since it came into force, resulting in much-needed savings.
A tax reforms panel, headed by finance minister's advisor Parthasarathi Shome, is considering moving away from setting fixed tax-collection targets and linking these with the changing economic scenario during the year.
The US has been widely criticised for using pressure tactics to secure information from other countries, without reciprocity.
Will give truer reflection on price movements of food products, impact of cereal procurement prices.
Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.
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