It is now clear that the revised takeover code and the Bimal Jalan committee report will not be implemented soon and in the same form, since the finance ministry wants to seek industry views on these two sets of recommendations this month, before the market regulator could take a decision.
In the Budget for 2011-12, the government revised the tax mop-up target for 2010-11 to Rs. 4.46 lakh crore for direct taxes and Rs. 3.36 lakh crore for indirect taxes.
With Indian travellers getting more eager to venture out in the uncharted territory, travel agencies are offering attractive discounts on several such unheard-of destinations.
In an environment vitiated by strong arm tactics of some microfinancial institutions, financial inclusion could be a business opportunity.
Indians have been travelling to the "land of the rising sun" in large numbers, especially for business, thanks to the close ties with automobile and engineering companies.
Companies prefer to set up their own guest houses rather than paying huge tariffs at luxury hotels.
Kaushik Basu, chief economic advisor in the finance ministry, said, "All I can say is, we are very serious about fiscal consolidation, and intend holding on to our fiscal targets, even if the crude price rises on a sustained basis."
This will be MGM's first destination in India, and it expects to be ready by early 2014. There won't be any casino here, though.
This activity will allow us to identify those jurisdictions where either the legal framework is not good enough or practices are not good enough and, therefore, information is not flowing.
Creating a new image for the client concerned, while making him disappear from the public domain for some time, are among the strategies that often work.
As India's investment rate is estimated to decline this financial year, industry chamber CII has asked Finance Minister Pranab Mukherjee to give a boost to investments in the forthcoming Budget, but economists believe a rollback of stimulus may continue.
Travel agencies are blocking inventory with the hotels for the last minute travellers as supply is getting dried up.
G-20, the grouping of developed and emerging market economies, will focus on food security but issues concerning India like rising prices of vegetables may not come up for discussions at a meeting in Paris next week.
Today, 45 per cent of India's trade is trans-shipped over other regional ports such as Colombo, even as India's container cargo is growing by 15 per cent every year. The development of a trans-shipment hub within the country would definitely help India's trade and accelerate its growth.
The finance ministry said it would wait for RBI guidelines, a development which will provide much relief to ICICI Bank and HDFC Bank. Both are already known as Foreign Owned Indians Controlled entities, after foreign investment in them rose much above 50 per cent, following new norms of calculations by the commerce ministry.
The finance ministry seems to be gung ho about economic growth next financial year. It may peg this at nine per cent for 2011-12 in the Economic Survey, likely to be tabled in Parliament on February 25, even as the Reserve bank of India (RBI) hinted at a lower figure.
As the debate on revealing names of those who had stashed money abroad was hotting up, a Parliamentary panel grilled finance ministry officials on why the confidentiality clause was put in tax treaties in the first place.
Amid decelerating manufacturing growth, the Reserve Bank wants the government to come out with measures in the Budget to give a boost to the sector, which can employ surplus labour from agriculture.
Hotels in the Capital are in for some tough times, with the Commonwealth Games not fetching many customers and the government releasing a large part of the inventory that it had earlier reserved for the event.
The sponsorship money in the bag is a tad over a quarter of what the organisers of the games had projected.
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