The minister without portfolio is recovering well after his kidney transplant and has started walking in his hospital room.
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.
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.
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.
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.
Under U K Sinha, Sebi became a pan-India organisation with local offices in 16 cities
Unlike the finance ministry which takes a larger view, the commerce ministry only looks at exporters' interests.
Empowerment of the National Investigation Agency (NIA) with extra territorial jurisdiction and declaration of Maulana Masood Azhar, Hafiz Muhammad Saeed, Zakiur Rehman Lakhvi and Dawood Ibrahim as terrorists after legislative amendment were counted among its achievements by the MHA, headed by Union Home Minister Amit Shah.
Used since 1984 when late Rajiv Gandhi became the PM, the current residence was built over 12 acres of land, based on designs by New Delhi's chief architect Edwin Lutyens. However, with a new redevelopment blueprint on the table, the PM's residence is now expected to move to the South-West corner, behind South Block on Raisina Hill. Arnab Dutta reports.
The manner in which India has allowed the rule of law to be subverted for over eight years is tragic, notes former additional solicitor general of India Bishwajit Bhattacharyya.
7/11: Home secy given evidence of Pak hand
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.
When asked if he sees himself back in Chicago, he said, "Yeah, Chicago has been kind to me over my history".
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.
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.
This amount will include Rs 13,100 crore that Economic Affairs Secretary Subhash Garg has been publicly seeking from the central bank's contingency reserve fund since 2017-18 (FY18).
Singh said he took stock of the situation in Haryana, Punjab and Chandigarh in the wake of violence following conviction of the Dera chief.
Mukerjea recorded her statement under the Prevention of Money Laundering Act and said she and her husband Peter Mukerjea met Chidambaram at his office in Delhi's North Block.
The Union home ministry, from its North Block office atop the Raisina Hill in New Delhi, kept a 'constant and engaging' vigil across the country with central paramilitary forces, intelligence agencies and state police forces in toe.
FPIs are currently capped at 5 per cent of the total outstanding government dated securities, and own 4.5 per cent
While the situation Sitharaman finds herself in may not be that good, how does it stack up against her three immediate predecessors Pranab Mukherjee, P Chidambaram and the late Arun Jaitley?
Anil Ambani on Wednesday met Finance Minister P Chidambaram and Home Minister Shivraj Patil presumably to brief them about the settlement of Reliance empire with the elder scion of the Ambani family, Mukesh.
