Accountability must be linked to minimising infructuous demands and tracking recovery
Black money is difficult to deal with.
Black money is difficult to deal with.
IIFCL Chairman S K Goel says the recommendations are premature, as the state-run lender's role as a guarantor for long-term funds would depend on the success of the Credit Enhancement Scheme and Infrastructure Debt Fund.
Economic Affairs Secretary R Gopalan, who retains charge of financial services, has shown an ability to grasp ground realities in pushing critical reforms.
Budget may allow use of advance-pricing agreements for past cases.
'Formation of the Cabinet Committee on Investment is very positive news.'
We thought if tax rates were not increased, manufacturing units would have more profits and that would be further invested in growth. Automatically, with growth, taxes go up.
Bihar deputy chief minister and finance minister Sushil Modi was on Monday elected the new chairman of the empowered committee of state finance ministers.
With import duty on gold raised to 8 per cent, smugglers are back at work.
Revenue Secretary Sunil Mitra admits tax collection target for 2011-12 is ambitious but achievable.
Gita Gopinath, Professor of Economics at Harvard University, says the monetary policy in India is not transparent and it would be nice to know very clearly from the central bank what steps it has to control inflation and what impact the rate hikes had on controlling inflation.
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Amid fears of a downgrade from ratings agencies, the finance ministry is gearing up for a visit of Japan Credit Rating Agency officials on September 6.
As the government submitted a list of 627 foreign account holders to the Supreme Court on Wednesday, the spotlight is on family of former Maharashtra chief minister, former minister in the UPA government, a Mumbai-based corporate among others. Vrishti Beniwal reports
All these measures will revitalise the manufacturing sector, which has been in doldrums.
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It would be fair to say that markets are coming to the end of a down-cycle and are at the cusp of the next up-cycle.
Bureaucrats are finding it difficult to keep pace with Modi's working style -- from long work hours to faster clearance of files -- it is a telling tale in the corridors of power. Vrishti Beniwal finds out
Government's financial inclusion mission is well intentioned, but it may be putting a severe strain on the banking sector.
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
Recent investigations into the telecom spectrum and coal scams have made bureaucrats very wary of taking decisions.
Taxpayer satisfaction is a part of the matrix of key performance indicators of the administration.
New Delhi bureaucrats, accustomed to leisurely lunches, golf in the afternoon and long weekends, have been shaken out of their somnolence, say authors. Fear and suspicion hang heavy over the red-sands.
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