All FIPB records will now be digitised; old and unnecessary files will be weeded out
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.
Manchester City won an unprecedented fourth straight English top flight title with a 3-1 win over West Ham United.
7/11: Home secy given evidence of Pak hand
G20 delegates are in Mumbai, so the Maximum City has got hurriedly painted walls and makeover.
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.
Unlike the finance ministry which takes a larger view, the commerce ministry only looks at exporters' interests.
Relations between the Mint Road and North Block have often been frosty, with the former's calls for lowering rates being the biggest point of difference
A lesson we have not learnt from China is the urgent need to knit the vast country together to keep it from falling apart at the seams. While there is considerable dent in poverty, sadly, the North East remains as distant today as it always was, points out Shreekant Sambrani.
During his first Union Budget in July 2014, former finance minister Arun Jaitley announced the setting up of an institution called 3P India, with an allocation of Rs 500 crore. The intention was to mainstream public-private partnerships (PPPs) in India. The plan was to bring together the capacities of the government and private sector to push PPP projects.
At least two persons were killed and four others injured in West Bengal's Jalpaiguri district as a mortar shell, reportedly carried by the floodwaters of Teesta river, exploded, police said on Friday.
The finance ministry is working on a Cabinet note for establishing a full-fledged Public Debt Management Office, officials told Business Standard.
Finance Ministry and Reserve Bank of India on Thursday sought to play down their differences in perception on interest rates.
North Block is concerned that when India is trying to attract more investment, putting up restrictions on audit firms could create an avoidable bad advertisement.
ONGC Videsh Ltd (OVL) on Wednesday said its $5 billion bid to buy a stake in Kazakhastan's biggest oilfield has been blocked by the central Asian nation.
There are serious issues in the economy which need to be addressed
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.
Officials in North Block are wondering if a new tax will be mooted again and whether that will pertain to foreign investments.
Love Storiyaan comes alive in the courageous and fearless voice of six spirited romantics speaking direct dil se, applauds Sukanya Verma.
