Telecom companies that bought spectrum in the 2G auction of November last year would lose around Rs 4,000 crore
A day after BRICS (Brazil, Russia, India, China and South Africa) nations agreed on a $100-billion foreign currency reserve pool to tackle the volatile foreign exchange markets, India on Friday said the pool would act as a buffer arrangement, adding it might not withdraw anything from this reserve.
India says it gives equal treatment to foreign companies on tax matters, not special consideration.
Vikram Bakshi, the estranged partner of fast-food chain McDonald's, will seek reinstatement as managing director of the 50:50 joint venture Connaught Plaza Restaurants, with a plea to the Company Law Board seeking the 'deadlock' in the August 6 board meeting be resolved.
A cut in government spending would come at the cost of growth.
The World Bank would provide loans to India at higher than its existing concessional rates but lower than the market rate.
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Amid fears of a downgrade from ratings agencies, the finance ministry is gearing up for a visit of Japan Credit Rating Agency officials on September 6.
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Cabinet likely to pave way for the 'super-rich' tax today.
Officials are relying on both formal and informal methods for reaching non-filers.
To put its Reebok business in order, the German footwear major hand-picked the soft-spoken Erick Haskell, who has vast experience of working in China.
Striking workers lacked support in the Pimpri-Chinchwad-Chakan belt.
Just hours after the union at Bajaj Auto's Chakan plant called off its strike unconditionally, managing director Rajiv Bajaj spoke to Business Standard.
Deal to help RCom reduce debt, Sun gain subscribers in new markets
Finance ministry asks bank, insurance & market regulators to issue notifications
Officials asked what the point was in going through banks when the government has to give guarantees.
However, worries on inadequate import and issues for the FTA pacts.
Taxpayer satisfaction is a part of the matrix of key performance indicators of the administration.
The rise in illegal imports of the yellow metal has caught the eye of the finance ministry.
The Empowered Committee of State Finance Ministers got its new chairman on Monday in Jammu and Kashmir's Abdul Rahim Rather.
Disgruntled executives are already pinning hopes on the new banks, too.
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