April dealers with up to Rs 60-lakh (Rs 6-million) turnover could opt out with 1 per cent levy.
Clarity to help operationalise the controversial FDI policy of 2009.
Finance ministry gives bank boards the flexibility to decide whether the stipulated tenure of rural/semi-urban experience should be continuous or in parts.
Says tradability will ensure greater economic efficiency & higher revenues for the government.
In talks with BSNL, MTNL to float a firm in which it will hold 49 per cent.
As part of it, the govt may permit 26% FDI in insurance broking through the automatic route.
DoT's data is based on inputs from the Telecom Regulatory Authority of India and service providers.
I-T dept plans a different set of parameters to identify more people not paying dues properly.
Finance, oil ministry tussle over exports.
This time, Finance Minister P Chidambaram, who attended the first such retreat in 2008, would be present.
At the end of Dec, the government had Rs 47,273 crore in the USO fund, with annual accruals of about Rs 6,000 crore.
RBI proposes tax exemption on dividend payouts and credit for corporation tax paid in host country.
Looks at sovereign funds and Fortune 500 firms.
Tax department plans to link PAN with the bank account number to eliminate the scope of the amount being transferred to a wrong account number.
Govt moves to bring in more clarity on definition of 'control'.
May emphasise that the country is back on the fiscal consolidation path by reining in fiscal deficit at 5.2%.
The official added though this would be the last batch of letters this year, more PAN card holders would receive such notices from the income tax department next year.
The Cellular Operators Association of India said it would not take any legal step on the issue, unlike what it had said earlier.
Over the past 18 months, the number of caller tune subscribers, each paying Rs 30 a month for the service, has fallen from 100 million to 55 million.
That bliss is set to end soon, with the finance ministry planning to make it mandatory for individuals and Hindu undivided families to report assets and liabilities in income-tax return forms.
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