Manufacturers Association of Information Technology on Tuesday demanded that excise duty should be halved to eight per cent to provide necessary tax incentive to the languishing sector.
The Naresh Chandra Committee has observed that the physical strength of the Department has not kept pace with the increased strength of companies in India
Finance Minister Jaswant Singh on Friday virtually dismissed allegation that his ministry sat over the Rs 30,000 crore (Rs 300 billion) fake stamp paper scam for over a year and said government plans to introduce a paperless system by 6-8 weeks.
Late 'big bull' Harshad Mehta, largest car maker Maruti and liquor major Shaw Wallace are among top 20 corporate and individual income tax defaulters, Lok Sabha was informed on Friday.
The government on Monday decided to scrap the tenders for privatisation of Delhi and Mumbai airports, and invite fresh bids within a fortnight, highly placed sources said.
Asserting that the government will never compromise on agriculture subsidies, Finance Minister Jaswant Singh said he is not in favour of "industrial agriculture" as it could put at stake the food security of 100 crore people in the country.
Finance Minister Jaswant Singh on Tuesday approved 23 foreign direct investment proposals involving Rs 40.76 crore (Rs 407.6 million) including that of US-based Pitney Bowes to set up a wholly-owned subsidiary in India.
Strongly refuting that the government was overstating India's economic potential, Finance Minister Jaswant Singh on Monday asserted that "golden age" of growth has dawned on India.
Institute of Chartered Accountants of India has suggested a four-tier income tax structure for individuals, abolition of surcharge, a 30 per cent corporate tax and a scheme for taxing agriculture income by putting it in the Union List.\n\n\n\n
The Rajnath Singh Committee on Kelkar recommendations on direct and indirect taxes on Monday submitted its report to Bharatiya Janata Party President M Venkaiah Naidu in the presence of Deputy Prime Minister L K Advani.
The Sebi Act has been amended to further strengthen the capital market regulator, the finance minister said.
President A P J Abdul Kalam left New Delhi on Saturday on a week-long visit to the United Arab Emirates, Sudan and Bulgaria, his first foreign tour after assuming the high office.
The goverment has found serious irregularities in the functioning of the National Bank for Agriculture and Rural Development (Nabard), Finance Minister Jaswant Singh said in the Rajya Sabha Tuesday.
Finance Minister Jaswant Singh assured the Rajya Sabha that no employee of the Board for Industrial and Financial Reconstruction and Company Law board would be retrenched when these were disbanded and merged into National Company Law Tribunal.
Rejecting the Opposition demand for a JPC probe into demat share scam, the Government Tuesday said SEBI was examining the matter and strictest possible action would be taken against those involved in the irregularities.
The government has permitted foreign banks to open a maximum of 18 branches in the country, which are situated mostly in urban and metropolitan centres, the Lok Sabha was informed on Friday.
Finance Minister Jaswant Singh said on Tuesday that his ministry was considering offering senior citizens interest rates that are higher than market rates.
All the pending notifications on the Export-Import (Exim) Policy will be issued within a week, Commerce and Industry Minister Arun Shourie informed the Rajya Sabha on Monday.
