The gains, they say, would not be sustained, and too much volatility in exchange rates does not benefit them.
The ministry was expecting savings this year to be around Rs 20,000 crore.
The officials say no "concrete move" has yet been taken to take the matter to the Union cabinet for approval after the recommendation of the Committee of Secretaries (CoS) on July 22 to allow 51 per cent FDI.
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.
Around 75 tariff lines or products from Pakistan would get concessional access to European markets for three years.
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.
The US and European markets account for 35 per cent of export revenue and a big portion of volumes.
Emerging consensus is that all state capitals be covered.
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.
The committee of secretaries (CoS) looking into the issue of allowing foreign direct investment (FDI) in the multi-brand retail segment is likely to meet this Friday to try for more agreement on the issue.
Empowered CIB to play lead role in recovering tax evaded.
Empowered CIB to play lead role in recovering tax evaded.
Says allow companies with up to 49% FDI to invest in restricted sectors.
"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.
Meeting is on June 24-25 on stalled pact, agreement likely by year-end.
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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