Existing units stay operational; those approved may not be notified, land could be used for other purposes
...and getting GDP to measure India's data economy, recommends Ajit Balakrishnan.
A look at six indicators shows all of them have collapsed from positive growth in April to contraction in September.
Representatives of the British telecom company on Friday met senior finance ministry officials, in search of an amicable solution.
Last year, the government had borrowed Rs 4.37 lakh crore.
Miffed at being ignored in the ministry expansion, Sena had on Tuesday said it was 'hurt' at the way the exercise was carried out and questioned the prime minister's "selection criterion".
The govt is increasing the duty to 15 per cent from the existing 10 per cent.
With this batch, the department has now issued letters in 210,000 high priority cases.
Air India stares at an operational loss of Rs 2,171 crore in 2014-15.
Reduce the government stake in public sector banks to 33 per cent, recommends A K Bhattacharya
The proposal to levy a 'super-rich' tax, at the rate of 35 per cent, on those earning more than Rs 10 crore a year might not receive support of the Union Cabinet.
The 15 proposals were cleared following recommendations by Foreign Investment Promotion Board.
With six airports handed over to the Adani group for 50 years, the government is now all set to hand over another 25 airports to private players in a bid to 'monetise' them. Official figures reveal that since 2017-18, the government has spent and will be spending Rs 14,500 crore on significantly revamping infrastructure at most of these airports before handing them over to private players. The Airports Authority of India (AAI), which operates these airports for the government, has spent billions of rupees in building new terminal buildings, runways, reinforcing taxiways, upgrading aircraft landing systems, radars and a host of other heavy duty and capital intensive infrastructure works.
There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
Trustees of Retirement fund body EPFO will decide tomorrow on amending the scheme to provide a minimum monthly pension of Rs 1,000, which will immediately benefit about its 28 lakh pensioners.
Surplus in March, the last month of a financial year, has helped the government reduce fiscal deficit in the last few years.
The Prime Ministry's Economic Advisory Council Chairman also said fiscal deficit is a concern too and suggested raising domestic oil prices to restrict it to the budget target of 4.8 per cent of the gross domestic product in this fiscal.
Particularly hit has been the apparel sector, where the time taken by the industry to adjust to the Goods and Services Tax regime, downward revision of export incentives, and a credit squeeze faced by small and medium scale enterprises, has pushed production downwards.
Following the meeting, Subbarao said the central bank will look into the latest inflation numbers before coming out with the monetary policy review.
'The rate of interest from the EPF is still attractive compared to the rates on fixed deposits, National Savings Scheme, Public Provident Fund...'
Joe Biden's B3W proposal aims to bring democracies together. India should come up with its own plans to contribute to the initiative, states Rahul Mishra.
Sarma's eyes, according to those close to him, were always set on the top job in Assam. However, the leader who owed his early rise to two former chief ministers from the Congress had to toil for many years with dogged determination to achieve his goal.
Banks in talks with temple trusts to push gold scheme
It was found the declarants were persons of suspicious nature and very small means, and the declarations could have been misused.
The Income Tax Department needs to immediately add 30,000 more employees to carry out its existing operations, a senior Finance Ministry official said.
Replying to a question related to the possibility of additional fiscal stimulus measures in the forthcoming Budget, Planning Commission Deputy Chairman Montek Singh Ahluwalia said: "We have started some discussion with the finance ministry. This is related to what should be an appropriate size for planned expenditure for 2009-10." In the interim Budget announced in February this year, the planned expenditure for 2009-10 was budgeted at Rs 2,85,149 crore.
Investor lobbies and tax lawyers estimate the bill for international funds and banks could be as high as $8 billion
Apart from Smriti, Ravi Shankar Prasad and Ananth Kumar took over as law and parliamentary affairs ministers respectively.
The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.
Apprehensions following the imposition of GST on sports equipment has forced the National Rifle Association of India (NRAI) to 'approach' the finance ministry and take up the cudgels on behalf of a very concerned shooting community.
The minister said it was important to have a flag carrier.
This is in addition to 43 countries which received approval last year.
The scheme was to have come into force from the new year. However, the finance ministry has not ruled out the possibility of introducing a new identity number like UTN from the next fiscal, in addition to the permanent account number to ensure prompt verification and granting of tax credits to tax payers.
The fiscal deficit was 4.9 per cent of GDP in 2012-13.
India Inc had few tough issues to deal with in 2014.
Kochhar brothers stepped down from the board of Credential Finance by 2009. While Deepak Kochhar started NuPower Renewables, Rajiv set up Avista Advisory Group
Enunciating slew of measures initiated by the UPA to augment the sector, the finance minister said 19 oil and gas blocks were given out for exploration and 7 new airports are under construction.
