Interestingly, these recovery officers do not have the power to reduce the amount stated in the order issued by the presiding officer. The annual review was published "to point out irregularities or deficiencies which need the immediate attention of the Heads of Departments", S M Kumar, chief controller of accounts, said in the review for 2007-08.
Employment data are currently estimated once in five years through a sample survey by the National Sample Survey Organisation.
More than half the transactions under four of eight categories tracked under a scheme to reduce tax evasion lack a "valid" identification number issued by the Income-tax (I-T) Department.
Indian economy is expected to grow between 7 and 7.4 per cent in the three months up to September 2008, as against 9.3 per cent in the year-ago quarter, five top economists of the country told Business Standard. The government is slated to release the quarterly numbers on Friday.
The decision by the Union government and the Reserve Bank of India to infuse Rs 1,25,000 crore (Rs 1,250 billion) into the banking system in the last two weeks alone is unlikely to fuel inflation, say economists, since this infusion will only meet the basic demand and not lead to a spillover.
The school voucher programme, which gives poor parents a certificate they can use to send their children to a school of their choice instead of a government school, has gained acceptance and is now being implemented in three states -- Uttarakhand, Uttar Pradesh and Rajasthan. Many more states like Tamil Nadu and Orissa are witnessing grassroots mobilisation to press the respective local governments to implement the programme.
India's wholesale price index, the inflation measure most widely followed by policy-makers and investors, does not need another revision after the release of the final number eight weeks after the provisional numbers, as more than three-fourths data are collected by then, Pronab Sen, chief statistician, Ministry of Statistics has said.
India's chief statistician Pronab Sen has said there is no need to construct a separate price index for government employees as suggested by the Sixth Pay Commission.
The Indian government has received sensitive information from its German counterpart regarding tax evaders, who have channelled money in a tax haven bank in Liechtenstein, a small European country known for hosting such banks, and it is unwilling to make these details public.
Poor faculty and scholarships also dissuade students.
Booming demand for chartered accountants services fuelled by a rapidly growing economy has meant that Shetty's experience is not an isolated one.
Maharashtra will get some respite from its power crises next week
Get ready to face the heat this summer.
The company is also calling back former employees who may want to rejoin the Navratna.
MMTC Ltd, the largest of the three companies, is seeking approval for the merger from its 2,000-odd employees this week, and State Trading Corporation and PEC will launch a similar exercise next month.
Power Finance Corp official overseeing project eased out.
The fate of the 4,000 Mw Sasan ultra mega power project seems uncertain with the entire bidding process being questioned.
The archaic process of awarding coal blocks on a first-come-first-serve basis may soon be replaced by a more efficient and transparent competitive bidding process.
The 4,000 MW Krishnapatnam ultra mega power project in Andhra Pradesh seems to be stuck, thanks to the state government's inability in resolving and expediting issues related to the project.
The govt is mulling the need to exercise its rights under the gas production-sharing contracts.
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