The strategy is aimed at putting critical economic policy initiatives in top gear immediately after the completion of Assembly polls in the five states in early March.
The investment to the country from India, which has been at the top of the 2009-10 list of the destinations to which Indian investment is flowing, was $3798.5 million.
Recent slide in inflation no consolation amid exceptional shrinkage in industrial growth.
Mop-up trends hint at major slippage; CBDT braces to meet Budget target.
Decks have been cleared for acting chairman D K Mehrotra to become the regular chairman of Life Insurance Corporation, as the finance ministry has decided to send his name to the Appointment Committee of Cabinet (ACC) for final approval.
A senior Central Board of Direct Taxes official told Business Standard the department had initiated an extensive exercise under which it was sending notices on money kept abroad on the basis of tips/leads from tax authorities in various countries and also transaction data over recent years.
Tax returns of 100,000 entities under scanner, as preparation for DTC, say officials.
The petroleum ministry has asked for a total compensation of Rs 60,000 crore (Rs 600 billion) to cover the subsidy portion till the third quarter of the current financial year.
The ministry was expecting savings this year to be around Rs 20,000 crore.
Apart from consent orders, it has been decided to take fast and stringent action in surveillance and investigative cases in the coming months.
User and live accounts test done, software to roll out country-wide in a year.
From April onwards, the government have sensitised the ministries to live within the Budget.
Those conducting their businesses predominantly in cash and evading income tax have reasons to worry.
Leaving behind apprehensions of a rise in interest rates and petro duty cut impacting budget numbers, the officials are now confident of keeping the fiscal deficit within the targeted 4.6 per cent of the gross domestic product.
Empowered CIB to play lead role in recovering tax evaded.
Empowered CIB to play lead role in recovering tax evaded.
"It is felt there should be an arm's-length distance between the fund manager and the custodian of securities. There should be separation between fund manager, banker and the custodian," a senior labour ministry official said.
A senior CBDT official said the idea was to use TDS as a major driver to meet the stiff direct tax collection target of Rs 5.33 lakh crore in the current financial year.
India is pushing for speedy implementation of a globally networked customs (GNC) platform, which envisages an interconnected customs-to-customs information sharing system.
Implementation of GST demands full support from all states.
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