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.
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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With new private banks in the play, the going could become more difficult for the old-school state-run banks, already losing business and market position, forcing them to think hard towards consolidating and forming larger entities to garner big-ticket deals.
Penalty can be levied at 100-300 per cent of the tax evaded, while tax is imposed at the highest rate of 30 per cent.
This means taxpayers might continue to enjoy exemption on maturity of their investments
May include 'influencing a company's major policy decisions' in the current meaning.
The biggest problem is that those with Aadhaar numbers aren't coming forward for seeding these with bank accounts.
Dept to focus on real estate, infra, mining and manufacturing to detect evasion.
Also discuss a proposal to increase the minimum VAT rate to 6% from 5%; no decision taken yet
The move could streamline capital flows and help finance current account deficit
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