Arun Jaitley had proposed in the Budget to double the rate of capital gains tax on debt MFs to 20%.
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.
DEA officials to push for this at a meeting with FM Jaitley.
The former RBI deputy governor talked about the prospects of an economic revival, reforms in IMF, etc.
The finance ministry is working on a Cabinet note for establishing a full-fledged Public Debt Management Office, officials told Business Standard.
Strategy being reworked to launch ETFs, revive Suuti; proceeds may be Rs 24k crore
Part of periodic Article IV consultations on state of the economy; team to have discussions with government as well as banks, private investors and civil society
Many economists say only a substantial rise from October would point to a real recovery.
The stock and foreign exchange markets have had a negative reaction to the government's biggest social security programme, the National Food Security Bill. Food minister K V Thomas questions the rationale behind such a response
Officials asked what the point was in going through banks when the government has to give guarantees.
In 2012-13, the Centre managed to cut fiscal deficit to 4.9% of GDP, lower than the Budget revised estimates of 5.2%
Despite the recent Western criticism on Bangladesh's labour standards, India has a long way to go before it overtakes the neighbour in global exports.
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These are FM radio, uplinking news & current affairs, print media (news & current affairs), commodity exchanges, stock exchanges along with depositories and clearing corporation, power exchanges, petroleum & natural gas refining, insurance, defence production and private security agencies.
The government's decision to opt for a non-binding attempt at conciliation and under Indian law in its tax dispute with telecom multinational Vodafone is understandable, note experts.
No clarity yet on whether multi-level structure would escape ban.
The forecast has an error margin of four days, which is considered normal
As India raised its pitch for upgrade of ratings from the current lowest investment grade, Atsi Sheth, vice-president and senior analyst, sovereign risk group, Moody's Investors Service, tells Business Standard that she does not foresee any movement from the current grade in the next 12-18 months.
Clarity to help operationalise the controversial FDI policy of 2009.
In its next meeting, empowered committee of state finance ministers set to oppose a proposal on state govt undertakings' I-T deduction.
'Fiscal and monetary space is more constrained in developing countries because of inflation and high borrowing cost.'
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