The five-day meeting, whose pre-plenary sessions began today, will provide a platform for high-level discussion and co-operation and would evaluate the progress by APG members in implementing the international standards to combat money laundering and the financing of terrorism, a statement said.
In an informal discussion with rediff.com late on Thursday evening, Kolkata-based economist Abhirup Sarkar discussed this burning issue.
The Economic Intelligence Unit (EIU), on Friday said that the Union Budget presented by Finance Minister, Pranab Mukherjee, would allow the government to start exiting from its earlier-announced stimulus measures in a calibrated manner.
The five-year Foreign Trade Policy, to be unveiled on August 27, is expected to give incentives to Indian exporters to widen their global markets beyond the United States, the European Union and Japan in the face of the economic crisis in these key destinations.
Union Finance Minister Pranab Mukherjee, while presenting the Union Budget in Parliament on Monday, announced that it is proposed to add one handloom mega cluster each in West Bengal and Tamil Nadu and one powerloom mega cluster in Rajasthan.
Sheela Bhatt provides a ringside view to the hectic political developments after yoga guru Baba Ramdev landed in New Delhi to start his fast against corruption.
As serious differences over various provisions marred the drafting of the Lokpal Bill, civil society members on Wednesday invited government nominees for a public debate on contentious issues, which could be telecast live on TV.
The move to extend the income tax benefits enjoyed by units covered by the Software Technology Parks of India Act and those set up in export oriented units by another year -- up to March 31, 2011 will benefit around 6,000 STPI units and 2,486 EoUs. In its budget-related wish list, the commerce ministry had recommended a three-year extension of the scheme, while the industry has been asking for five.
An all-party meeting on Tuesday failed to break the stalemate in Parliament over the demand for a joint parliamentary committee into 2G spectrum scam, leaving no immediate signs for return of normalcy in both Houses that have remained paralysed for four days.
This is a rather cavalier treatment of one of the most important items of the government's expenditure statement.
Cigarette pricing in India can go the liquor way as ITC, the undisputed leader in the sector, may consider state-specific pricing for its popular brands. This comes after the ad valorem duty imposed in the Union Budget, coupled with the varying value added tax (VAT) rates across states.
IIP-based cumulative industrial output growth during April-December 2010 was 8.6 per cent, on a par with the growth rate of the corresponding months of the previous year, says the Economic Survey 2010-11 which was presented by the Union Finance Minister Pranab Mukherjee in the Parliament on Friday.
Combating inflation, protecting the common man from the impact of rising food prices and sustaining the momentum of economic growth while ensuring the poor get a fair share of the "fruits of growth" are among the government's "foremost priorities" in 2011-12, President Pratibha Patil said in her address to Parliament this week.
Budget is the annual fiscal exercise that attracts a lot interest, as it is a plan that sets goals, outlines resources to meet these goals, provides details of the government's receipts and payments, and frames the taxation policies for the country.
Prime Minister Manmohan Singh on Wednesday chaired a meeting of the Union Cabinet for the first time after he underwent a heart bypass surgery nearly two months ago. The meetings of the Cabinet and the Cabinet Committee on Economic Affairs were held at his official Race Course Road residence today, unlike the meetings which were held in South Block during his absence. External Affairs Minister Pranab Mukherjee had presided over those meetings.
Finance Minister Pranab Mukherjee was saddled with a number of handicaps when he presented the Union Budget 2012-13 on Friday morning.
The Union Budget has proposed to extend concessional basic customs duty of 5 per cent with full exemption from excise/countervailing duty to six specified life-saving drugs and vaccines, even as the stress has been laid on vaccine security.
"The roadmap given by Finance Minister Pranab Mukherjee makes it clear that this budget will increase financial burden on common people," CPI(M) leader Sitaram Yechury told reporters outside Parliament.
There have been many innovative and helpful developments in the Indian education sector in the last 4-5 years.
The strike is because of the government's decision to levy 10.3 per cent service tax on the film industry.
Petroleum Minister Murli Deora has announced that the cabinet will soon take a decision on fuel price hike.
Battling charges over escape of Warren Anderson days after the Bhopal tragedy, Finance Minister Pranab Mukherjee on Sunday sought to give a new spin on the issue, saying Arjun Singh took the decision on then Union Carbide chief executive officer's exit keeping in view the law and order situation.
The standoff in Parliament over a joint Parliamentary probe into the alleged irregularities in the 2G spectrum allocation continued on Tuesday with the Lok Sabha and the Rajya Sabha adjourning till noon, following uproar by the opposition parties.
Economists and experts said on Tuesday the Union Budget presented by finance minister Pranab Mukherjee on Monday has not shown any fiscal prudence. They were speaking at a post Budget analysis session organised by the Confederation of Indian Industry in Ahmedabad.
The Union government is on a social sector roll. Finance minister Pranab Mukherjee had indicated that the United Progressive Alliance government was going to make the social sector the centrepiece of the upcoming Budget. According to Dilip Ghosh, special secretary, Panchayat Raj department of West Bengal, the Centre has indicated that the demand for grants for these projects should be hiked at least 50 per cent more than the present allocation.
Encouraged by signs of growth revival and desperate to reduce the fiscal deficit Union finance minister Pranab Mukherjee is expected to take this step when he presents his Budget to parliament on 26 February.
What effect is the Budget going to have on your daily life? Find out how what's cheaper and what's costlier after the Budget.
Prime Minister Manmohan Singh discusses Union Budget presented by Finance Minister Pranab Mukherjee in the Parliament on Friday with Business Standard's A K Bhattacharya.
What effect is the Budget going to have on your daily life? Find out how what's cheaper and what's costlier after the Budget.
Market participants say the focus of Finance Minister Pranab Mukherjee will be on fiscal deficit, more so in the wake of the recent debt crisis in some Europeon countries.
As the role of the powers-that-be in the government comes under the scanner, pressure is being mounted on the two ED officers investigating the 2G case from the highest level, particularly the finance ministry.
President Pranab Mukherjee hosted the season's first big Iftar party at Rashtrapati Bhawan on Monday evening, but conspicuously absent was Prime Minister Narendra Modi, and the event was in turn attended by Union Home Minister Rajnath Singh and Minorities Affairs Minister Najma Heptullah with Union Minister and Lok Janashakti Party leader Ram Vilas Paswan. Renu Mittal reports
The much-awaited merger between Air-India and Indian is expected to be cleared by the Union Cabinet by end of February, with the committee of secretaries submitting its recommendations to the Group of Ministers.
A quick assessment of the ground reality will tell you that it is a reflection of the finance ministry's mistaken faith in factors beyond its control.
The Union Budget 2010-11 presented by the Finance Minister Pranab Mukherjee in the Lok Sabha on Friday, supports the strategy for the development of agriculture and related sectors.
The Union Budget 2010-11 presented by the Finance Minister Pranab Mukherjee in the Lok Sabha on Friday, provides boost to the research and development (R&D) activity across all sector of economy.
Budget is the annual fiscal exercise that attracts a lot interest, as it is a plan that sets goals, outlines resources to meet these goals, provides details of the government's receipts and payments, and frames the taxation policies for the country.
With the Union Budget barely a month away, various industry bodies see this as an opportunity to draw Finance Minister Pranab Mukherjee's attention to their sectors and put forth their demands so that he can address these issues in the forthcoming Budget.
The government decided to table in Parliament on Tuesday the report of the Liberhan Commission that probed the Babri Masjid demolition in 1992, a day after the leakage of the findings set off a political storm.
In the following analysis, RelaxwithTax has tried to squeeze out the useful information -- from the Budget Speech delivered by Finance Minister Pranab Mukherjee -- that is relevant to you in terms of personal taxation and finance.
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