The agency recorded his statement under the Prevention of Money Laundering Act with some specific queries on the circumstances and procedures adopted by the now-defunct Foreign Investment Promotion Board while giving approval to the Aircel-Maxis deal during his tenure.
Experts say only three per cent individuals pay taxes.
Poor performance of the banking, oil and exploration industries have impacted corporate tax collections.
A staunch defender of demonetisation, it would be interesting to see how he handles the government's increasing demand for more cash from the RBI, and letting some weak banks get out of prompt corrective action.
To attract capital into infrastructure projects, the ratings system needs a fresh look.
The military will now demand further pay and promotion parity with civilians
In 2011, the Trinamool manifesto had said, the government would not allow SEZs in West Bengal, to protect multi-crop lands.
India is the second largest buyer of Iranian crude, after China.
Even Delhi does not have a full-time registrar of chits.
We present our alphabet of 2020, pulling in everything you'll remember about this year we'd rather forget.
After one year in power, Prime Minister Narendra Modi is pretty much on the back foot, even if he continues to display bravado in his public pronouncements. He knows within his heart that he has wasted a lot of his political capital without getting much in return, says M K Venu.
Twelve of the 21 economists polled doubted whether the government could roll out the tax before the next fiscal year begins in April.
The PIL, which could be listed for hearing during the week, termed Tuesday's notification of department of economic affairs and the finance ministry as "dictatorial" claiming it did not grant reasonable time to citizens for exchanging the specified bank notes to legitimate notes to avoid "large scale mayhem, life-threating difficulties".
Need for consent of affected families and social-impact assessment could go.
'They feel if they join a union, it will have a negative impact on their appraisals.'
The Confederation of Indian Industry will organise a round table on investment.
For the first time in our economic history a government has thought about more than 50 per cent of our economic activity instead of the five per cent represented by the Sensex companies, observes IIM-B professor R Vaidyanathan.
E-auction or e-tendering moves the process of bidding for government contracts completely online, removing most manual procedures and, therefore, creating an accountability trail.
U.S. economic growth braked more sharply than expected in the first quarter.
Air that people breathe in Indian cities is among the worst in the world.
The Internet is too important to let a few private telecom players decide what the rules will be for consumers, says Rajeev Chandrasekhar, independent member of Parliament who was one of the key petitioners seeking the scrapping of Section 66A of the Information Technology Act.
In India, the angsting over net neutrality has been loud.
'Any conventional conflict could trigger a nuclear war with results that neither India nor Pakistan could survive easily.' >A revealing excerpt from Shuja Nawaz's The Battle For Pakistan: The Bitter US Friendship And A Tough Neighbourhood.
'A fierce crusader against communalism, George joined hands with majoritarian forces, never to revisit or re-assess his saffron association.' 'He was a Union minister in 1998-2004, a time when people like Graham Staines were lynched in Orissa.' 'On the Gujarat pogrom of 2002, George went on to kind of justify the slashing of pregnant women, by saying in the Lok Sabha that this was nothing new for India.' 'Thus, he was in sharp contrast to what he had himself stood for in the heyday of his political career in the 1970s and 1980s, says Mohammad Sajjad.
Members of Parliament (MPs) across the political spectrum have written to the Prime Minister's Office (PMO) and the Central Vigilance Commission (CVC), seeking a probe into a stake sale deal between Jet Airways (India) Ltd and Gulf-based carrier Etihad Airways.
Prime Minister Narendra Modi on Thursday launched his government's mega scheme ' Pradhan Mantri Jan Dhan Yojana', declaring that it was aimed at eradicating financial untouchability by providing bank accounts to the poor.
Clarity on the roadmap necessary to assess its likely impact on near-term fiscal health and investment.
Janmejaya Sinha lays down Urjit Patel's agenda - cleaning up bank balance sheets, evaluating robustness of CPI and pushing for digitisation in financial services.
A cut in rates would have encouraged the banks to lend aggressively on the retail front.
'Most of the agitations are staged by the Opposition to disturb the peace of the state.'
The decline bolstered bets that the Federal Reserve will hike interest rates in mid-2015
It rained investments on India as the Make In India programme, envisioned by Prime Minister Narendra Modi with a focus on the manufacturing sector, raked in Rs 15,20,000 crore in committed investments.
Unions will 'fight to death' if company 'decides' to shut Chennai factory.
With GDP down by 2 per cent, while 99 per cent of banned notes make way back to the banking system, whom did demonetisation benefit?
The setting is expected to be less structured than the prime minister's introductory mega meeting with top bureaucrats soon after taking charge as PM
Sensex sinks into red at close on growth concerns.
'If the Americans believed that India is as strong as China or Russia, would they have shown this scant respect for us,' asks Tarun Vijay, MP. 'An economically strong and militarily powerful India would never have had this experience. Not just the Americans, everyone in this world respects might. China receives respect, India gets the law book.'
Portfolio investors based out of the US and other countries with which India does not have favourable tax treaties will have to pay a 15 per cent tax on their derivative transactions, after the Budget decided to classify income from all foreign portfolio investment as capital gains.
There are a few factors that can spoil the party
While naysayers say the economy is on a downward spiral, optimists point out that India has experienced a shift of gears in the realm of policies, thanks to several initiatives of the Narendra Modi government, says Ashok K Lahiri.
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