The proposal to levy a 'super-rich' tax, at the rate of 35 per cent, on those earning more than Rs 10 crore a year might not receive support of the Union Cabinet.
Apart from the much-reported constitutional and political hurdles on a national Goods and Services Tax (GST), there is another basic one. Barely half of dealers in the country have a Permanent Account Number (PAN) from the tax department.
Revenue dept says changes in I-T Act require Parliament nod; new regime to wait till Budget in June-July 2014.
About 12 other lenders with combined exposure of Rs 1,200 crore likely to follow
Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.
Increase in first half of FY14 comes despite a fall in average crude prices; weak rupee helps.
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
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
Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
Chidambaram to meet revenue boards on how to get much more and quickly; special audits and notices among measures likely.
Mukesh Ambani's Reliance Industries (RIL) might be denied a higher gas price from its D1 and D3 fields until the arbitration process with the government is over and a third-party expert report on the fall in output at the KG-D6 block is out.
IMF projected India's economic growth at 4.25% in 2013-14.
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As of September, account for bulk of applications for availing of the government's amnesty scheme.
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The rupee and equity turmoil seem over, with interest shifting to key personnel changes and 2014 polls.
India may be hit if stalemate in Washington persists over two weeks.
State finance ministers' panel to decide on latest attempt at harmonising of views on Constitution amendment.
After the screening, the shortlisted candidates will be vetted by an external committee, to be headed by former RBI governor, Bimal Jalan.
Move to hasten rollout and, if successful, set a precedent for new banking firms.
Biksham Gujja contributed to major global initiatives such as the World Commission on Dams, World Water Commission and World Water Forum.
A day after BRICS (Brazil, Russia, India, China and South Africa) nations agreed on a $100-billion foreign currency reserve pool to tackle the volatile foreign exchange markets, India on Friday said the pool would act as a buffer arrangement, adding it might not withdraw anything from this reserve.
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