RBI Governor Shaktikanta Das and Finance Secretary Subhash Chandra Garg are also expected to attend the meetings.
Parliament has approved a gross borrowing for Rs 7.1 lakh crore for the entire 2019-20 fiscal.
CBDT asks for urgent action, especially with respect to recovery of arrears and current demand, to achieve the collection target.
'There are deliberations on whether there can be lowering of income taxes and other sops to keep more money in the hands of taxpayers, enabling them to spend more and boost demand.'
The factory gate duty on SUVs stands at the reduced rate of 24 per cent as against 30 per cent.
If the BJP comes to power, sources say it may change the financial year (April-March) to the calendar year (January-December).
Introduction of new trains including a Jan Sadharan Express - the common man's version of Rajdhani Express, and announcement of fresh gauge conversion projects are expected in the interim Rail Budget to be presented in the Lok Sabha on Friday.
Lok Sabha Speaker Sumitra Mahajan on Friday remained non-committal on the issue of granting Leader of the Opposition status to Congress which does not have requisite numbers.
As per the budget document presented in Parliament, public sector enterprises, including banks, are expected to contribute Rs 88,188 crore in the form of dividend and profit to the government in the current financial year.
The government should frame new policies to assure growth.
Bimal Jalan, has recommended to the government that it cut fiscal deficit to 3.6 per cent of the GDP during 2015-16.
The income tax (I-T) department on Tuesday extended the deadline for filing settlement applications for eligible taxpayers till September 30, as the income tax settlement commission (ITSC) ceased to exist from February 1. This comes amid interim relief provided by some high courts, directing acceptance of applications of settlement even after February 1. To dispose the pending settlement applications as on January 31, the central government has constituted Interim Board for Settlement.
The IT modernisation project with this outlay was approved by Cabinet Committee of Economic Affairs in November 2012.
Finance Minister P Chidambaram on Wednesday said it was doubtful whether any key legislation, except for the vote-on-account, would be passed in the current session of Parliament.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
The Budget sets out a comprehensive vision.
Finance minister tries to put house in order before reforms are unveiled in February.
Currently, the enforcement officers are making seizures of assets directly and indirectly connected to offenders, including jewelers Nirav Modi and Mehul Choksi in the Punjab National Bank fraud and Vijay Mallya in the Rs 9,000-crore IDBI loan case.
Scouting for resources to meet its fund crunch, Railways is open to the idea of even 100 per cent FDI in its infrastructure development but would keep train operations out of its ambit.
He maintained it is not 'hope' but the 'fact' of a stable government provided by UPA and the numerous measures taken in the last 18 months that have provided stability and strength to the Indian economy.
To give impetus to the real estate sector, Goyal proposed to extend the period of exemption from levy of tax on notional rent on unsold inventories from one year to two years.
Assembly Speaker M Appavu said leaders of the two AIADMK factions submitted him 6 letters, including 4 from Palaniswami, asking for separate seating arrangement in the Assembly for their respective members.
In the Sensex pack, Axis Bank, Tata Motors, Infosys, Kotak Bank, HDFC Bank, RIL, Bajaj Auto, SBI, HUL, Tata Steel, Vedanta, HFDC, TCS, ITC and Sun Pharma jumped up to 4.64 per cent.
The proposed IFC disrupts existing regulatory structures.
The Budget is remarkably coherent.
Pulbic banks have no reason to cheer Budget announcement.
The Arun Jaitley-led finance ministry reiterated banks should act tough on wilful defaulters.
Their favourite alternatives: Malaysia, Vietnam and the Philippines. Note, India is missing from that list. And this is despite an attractive financial incentive scheme for OSAT players. The reason, said a senior executive of a US chip company who had a meeting in Taiwan just a few weeks ago, is that "they want more predictability in government policy because they plan to put in big money."
From Dabur to HUL, here are 10 stocks with significant rural exposure in the auto, agri-chemical and fast moving consumer goods sectors, which should see an uptick in sales growth.
The fiscal deficit, as per the survey, deteriorated to 5.8 per cent of the GDP as compared to 3.4 per cent for 2018-19 estimated in the interim Budget.
In the Sensex pack, Axis Bank, HCL Tech, M&M, TCS, HDFC, Kotak Bank, PowerGrid, Hero MotoCorp and Vedanta were among the top gainers, rising up to 1.91 per cent. Sun Pharma was the biggest loser, cracking 5.78 per cent.
The meeting with the top officials of public sector banks is scheduled for March 5, a senior finance ministry official told PTI.
Sitharaman exhorted the states to work together with the Centre, stating that while the Union government sets the direction of economic growth, it is for the states to ensure effective implementation on the ground.
Sectorally, metal and banking stocks rallied the most, while FMCG and realty stocks came under selling pressure.
The Railway Budget has impressed industry watchers.
Among the Sensex pack, Yes Bank, L&T, HDFC, RIL, HDFC Bank, PowerGrid and Coal India were the biggest losers -- falling up to 2.43 per cent.
Interacting with representatives from NGOs, Congress leader Rahul Gandhi on Monday asked opposition parties to fix a date to help government pass bills on which there is general consensus.
The Rajasthan Congress led by its state president Sachin Pilot on Thursday held a Chetna Rally against "anti-people" policies of the Vasundhara Raje led Bharatiya Janata Party Rajasthan government.
Almost all infrastructure ministries continued spending on capex throughout the lockdown, even as the Centre tried to maintain some semblance of economic normalcy.
A communiqu sent by the department of investment and public asset management (DIPAM) to the heads of all PSUs, said the move would help the government to get predictable and periodic dividends before Budget estimates are firmed up.
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