The World Bank would provide loans to India at higher than its existing concessional rates but lower than the market rate.
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After setting up a committee under N Rangachary last year to look at taxation issues regarding the sector, the government has issued several notifications in the last eight months.
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Amid fears of a downgrade from ratings agencies, the finance ministry is gearing up for a visit of Japan Credit Rating Agency officials on September 6.
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India's export-oriented information technology outsourcing industry is perhaps more optimistic today about growth prospects than it was in the past five years.
An order, issued last year, makes it mandatory for certain electronic products being sold in the Indian market to comply with BIS specifications
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Cabinet likely to pave way for the 'super-rich' tax today.
Officials are relying on both formal and informal methods for reaching non-filers.
Finance ministry asks bank, insurance & market regulators to issue notifications
Officials asked what the point was in going through banks when the government has to give guarantees.
However, worries on inadequate import and issues for the FTA pacts.
HCL's president & CEO Anant Gupta talked to Business Standard about the demand environment, its in the European market and Roshni Nadar's induction into the company's board of directors.
Taxpayer satisfaction is a part of the matrix of key performance indicators of the administration.
The rise in illegal imports of the yellow metal has caught the eye of the finance ministry.
The Empowered Committee of State Finance Ministers got its new chairman on Monday in Jammu and Kashmir's Abdul Rahim Rather.
Disgruntled executives are already pinning hopes on the new banks, too.
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With new private banks in the play, the going could become more difficult for the old-school state-run banks, already losing business and market position, forcing them to think hard towards consolidating and forming larger entities to garner big-ticket deals.
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According to sector officials and watchers, the funding (among the largest so far in the segment) from its existing investors -- Naspers, Accel Partners, Tiger Global and Iconiq Capital -- might be a sign of confidence they have in the company but it's still unsure if it will be enough for Flipkart to turn a corner and become profitable.
Penalty can be levied at 100-300 per cent of the tax evaded, while tax is imposed at the highest rate of 30 per cent.
The Street is especially looking forward to the management commentary to get a sense of its new direction
Estimates suggest subsidy outgo on these proposals would be at least Rs 1,000 crore
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