Green signal from Jaitley; CVC okays Hemant Contractor for head of PFRDA
In a significant departure from tradition, the United States has decided to host Prime Minister Narendra Modi by working out a "special gesture date" around the 69th Session of the United Nations General Assembly meeting that is scheduled to take place on September 26 in New York.
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.
FDI in the defence sector during 2000-2014 has been a meagre $4.94 billion, despite the total FDI flow into the country across sectors standing at $321.81 billion.
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.
At present, the NMP states a series of fiscal incentives, including tax sops, will be offered but only to small and medium enterprises.
Prime minister-elect Narendra Modi's first official visit as head of government will likely be to Dhaka, where he is expected to sign the much-awaited Teesta water-sharing agreement with Bangladesh Prime Minister Hasina.
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.
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.
Special 301 Report expresses concern over weak IPR laws, to conduct reviews.
Modi is practical person... If he comes in, he will revive the economy and create jobs, says Sanjay Suri.
The paper will invite comments on whether or not the royalty ceiling applicable till 2009 should be re-imposed.
Adverse IPR report expected this week;Poor labelling could take fight to WTO
The US has been widely criticised for using pressure tactics to secure information from other countries, without reciprocity.
A certain segment of the US pharma industry have become vocal about Indian policies on domestic content requirements and IPR.
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