Apart from the much-reported constitutional and political hurdles on a national Goods and Services Tax (GST), there is another basic one. Barely half of dealers in the country have a Permanent Account Number (PAN) from the tax department.
Revenue dept says changes in I-T Act require Parliament nod; new regime to wait till Budget in June-July 2014.
Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.
Have committed themselves to investing Rs 1,85,000 crore since last year.
Says licensing of new banks should be a continuous process instead of the current stop-go system
The government will get an additional revenue of 20 per cent from the auction of the 1,800 MHz and 900 MHz bands of spectrum, based on the Telecom Commission's recommendations, compared with those of the Telecom Regulatory Authority of India (Trai).
Increase in first half of FY14 comes despite a fall in average crude prices; weak rupee helps.
The company changes the names of its many sports channels, such as the acquired ESPN and dedicated Star Cricket, to Star Sports 1-4, that will bear out its multifarious sports strategy.
According to the CEO of an Indian group with presence in the telecom segment and two merchant bankers, the Mexico-headquartered telco's bankers have been sounded out for preliminary discussions with leading Indian telecom companies for a strategic tie-up.
DoT plans to initiate move that might lower the revenues telcos share with government.
Part of periodic Article IV consultations on state of the economy; team to have discussions with government as well as banks, private investors and civil society
Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
Chidambaram to meet revenue boards on how to get much more and quickly; special audits and notices among measures likely.
Mukesh Ambani's Reliance Industries (RIL) might be denied a higher gas price from its D1 and D3 fields until the arbitration process with the government is over and a third-party expert report on the fall in output at the KG-D6 block is out.
IMF projected India's economic growth at 4.25% in 2013-14.
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As of September, account for bulk of applications for availing of the government's amnesty scheme.
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The rupee and equity turmoil seem over, with interest shifting to key personnel changes and 2014 polls.
India may be hit if stalemate in Washington persists over two weeks.
State finance ministers' panel to decide on latest attempt at harmonising of views on Constitution amendment.
With over 40 million active subscribers (as of March 2013), DTH has grown tenfold from just 4 million customers six years ago.
