The note guides taxman to avoid seeking voluminous details.
RBI governor also spoke on the ill effects of cutting interest rates too much
The action has been taken against officials harassing tax assesses.
The change may give "secure creditors" the first right to auction an asset in order to recover the dues.
Income-tax data released by FinMin after 15 years
The top three industries in India susceptible to economic crimes are financial services, manufacturing and professional services
India grew at 7.6% in 2015-16 and at 7.2% in 2014-15.
PFRDA will invite bids to appoint pension fund managers.
India's IPR framework and enforcement were comparable to those in developed countries
'It is important to improve the quality of spending.'
Any company resident in a country has to pay both indirect taxes as well as Income Tax.
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
In 2015, the Reserve Bank of India cut interest rates by 125 basis points to 6.75 per cent.
While number of commitments inched up in 2015, its value slipped 23% to 11-year low.
FinMin officials say an announcement could be made in the Budget.
'Everyone confuses GDP to be a measure of output, when it is actually a measure of income.'
The panel's recommendations will be aimed at making a predictable and non-adversarial tax regime in the economy.
Changes in threshold not to have a significant revenue impact, say officials
The Lok Sabha has already passed the Bill.
Budget 2016 may hold some answers to start-up cooncerns.
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