Minister of state for home affairs Sri Prakash Jaiswal said that the centre would help Rajasthan goverment to ensure that the IPL matches go on without hindrance.
The finance ministry is likely to float a discussion paper next month on the proposed new income tax law, which aims to simplify the existing law and phase out tax exemptions.
Bankers on Wednesday asserted that interest rates were unlikely to go up in the immediate future. They said this on the eve of a crucial meeting of state-owned bank chiefs with Finance Minister P Chidambaram, where the government is expected to signal a bias towards a soft interest rate regime.
The newly appointed Union Finance Minister Pranab Mukherjee took charge of his new office in north block, returning to it after a gap of 24 years. The Finance Ministry office, which has been sealed off to outsiders and particularly prying journalists with the vote-on-account preparations in full swing, was on Thursday opened up at 4 p.m. when the media was invited in to cover the taking over ceremony.
The roll-out of 3G or third-generation mobile telephony services, scheduled for this year-end, may be delayed after the Ministry of Finance strongly criticised the Department of Telecommunications for announcing 3G guidelines without consulting it. In a communication with the DoT earlier this week, the finance ministry said the move was inappropriate and contrary to a 2003 cabinet decision.
Under U K Sinha, Sebi became a pan-India organisation with local offices in 16 cities
Chidambaram to meet ministries' financial advisors, PM's economic council.
From handling the party organisation, finalising candidates, shooting the breeze with the media to pow-wows with diplomats and liaising with the PMO -- Arun Jaitley is the BJP's chief backroom manager in this election, reports R Rajagopalan.
The Finance Ministry may introduce a proposal in Budget 2008-09 to allow urban cooperative banks to get tax deductions up to a specified limit for the amount they set aside as provisions for bad loans.
The Reserve Bank of India may soon be given the job of both collecting and processing inflation data.
The implementation of the commodities transaction tax is likely to be delayed to the end of the year or even next year, thanks to the spiralling inflation and its political fallout.
Under this scheme, North Block may waive both interest and penalty for defaulters and an announcement to this effect is expected in Budget 2008-09 due next month, according to a senior finance ministry source.
When the Monopolies and Restrictive Trade Practices Commission shot off notices to 14 cement producers on July 25 for allegedly colluding to raise prices, it was New Delhi's latest flank against the industry.
FPIs are currently capped at 5 per cent of the total outstanding government dated securities, and own 4.5 per cent
The finance ministry is expected to announce the abolition of tax deducted at source (TDS) on corporate bonds in Budget 2008-09, official sources told Business Standard.
When asked if he sees himself back in Chicago, he said, "Yeah, Chicago has been kind to me over my history".
Singh said he took stock of the situation in Haryana, Punjab and Chandigarh in the wake of violence following conviction of the Dera chief.
Unlike the finance ministry which takes a larger view, the commerce ministry only looks at exporters' interests.
The Covid pandemic has left a question mark on how the central government manages its staff.
Here are the key highlights of the Interim Budget 2019-20 presented by Finance Minister Piyush Goyal in the Lok Sabha on Friday.
Union Home Secretary Anil Goswami is to preside over a meeting in the North Block on Thursday with seven secretaries to discuss about the formation of Telangana.
7/11: Home secy given evidence of Pak hand
The first Budget of Independent India was presented by R K Shanmukham Chetty on November 26, 1947.
'LIC's proposed investment will come out of what is technically called the 'policyholders funds'.' 'As the name implies, these monies belong to policyholders; that is, you, me and 25 crore others who have taken a total of 30 crore policies from LIC.' 'It is not the government's or LIC's money to play poker with,' says S Muralidharan, former managing director, BNP Paribas.
The big guys have access to funds overseas, and their cost of borrowing does not change at all. If anything, a tighter domestic monetary situation gives them a comparative advantage when it comes to the cost of borrowed funds.
FinMin does not expect tax or non-tax revenue to reach anywhere close to the targets set in the interim Budget. Sources say that the challenge before the new government will be either to accept the reduced projection and tailor the Budget accordingly or set a more ambitious target.
Finance Ministry and Reserve Bank of India on Thursday sought to play down their differences in perception on interest rates.
Officials in North Block are wondering if a new tax will be mooted again and whether that will pertain to foreign investments.
The COVID-19 tests will be started at every polling station in the containment zones of Delhi in a few days
Agitating students of Film and Television Institute of India-Pune on Friday.
Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.
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