Ahead of a scheduled discussion in Parliament on the Finance Bill, 2012, for its clearance next week, top bosses of Vodafone Plc met senior functionaries of the government on Tuesday to discuss tax issues that have emerged due to the proposed retrospective amendments in the Income Tax Act, 1961.
A day after they placed their demands before Finance Minister Pranab Mukherjee, including restructuring of the 'massive debt burden' faced by the state, a delegation of Trinamool MPs met the Prime Minister to raise the issue.
Concerned over the washout of Parliament this week, Finance Minister Pranab Mukherjee on Saturday said Parliament is not meant for "disruptions" and also appealed to his "political colleagues" to keep aside politics from major economic decisions.
Hints at taking support from Opposition if allies continue to show reservations
Mukherjee's statement comes in the backdrop of a sharp decline in Indian stock markets.
Attacking the government over the issue of price rise, the Bharatiya Janata Party said on Wednesday if the United Progressive Alliance dispensation was sincere in addressing the "burning issue" they should agree on a discussion in Parliament under a provision that entails voting.
Finance Minister Pranab Mukherjee on Monday said the Euro Zone crisis is impacting the country's growth and will hurt exports in coming months.
Feels assured by FM's promise that givt will consider their demands.
"The system covering all central government departments and ministries is expected to eliminate almost two crore cheques. When it becomes fully operational in civil ministries, defence and railways, it is expected to cover a total payment of over Rs 6 lakh crore," Pranab said...
Finance Minister Pranab Mukherjee on Monday said that inflation will start easing soon as the government's efforts to remove supply-side bottlenecks have started yielding results.
This will be the last visit of Zoellick as President of World Bank as he is retiring on June 30.
He sought to know from the industry if it wanted India to become a no-tax country.
The markets tanked 209 points after Finance Minister Pranab Mukherjee tabled the Union Budget in Parliament on Friday. Economic Affairs Secretary R Gopalan defends the measures, saying the markets will need time to comprehend the measures.
Bereft of any ideas, the Finance Minister has brought back the conventional model of higher taxes and higher expenditure, said the former finance minister.
Giving some relief to tax payers, Finance Minister Pranab Mukherjee on Friday proposed raising the income tax exemption limit for individuals to Rs 2 lakh per annum from Rs 1.80 lakh.
A much stronger focus was required on irrigation and water management. The FM merely acknowledged that it was a problem.
Government said consultations are on to arrive at consensus on allowing FDI.
Though Indian banks' exposure to the troubled euro zone is negligible, funding pressure could impact them, Economic Survey 2011-12 said.
The Economic Survey 2011-12 on Thursday made a case for allowing foreign airlines to invest in domestic carriers, a suggestion that will enable the ailing sector to access overseas capital and expertise.
Corporate America has urged India's Finance Minister to announce a bold Union Budget that would unleash the next generation of economic reforms and help the country realise its full growth potential.
When questioned on recent efforts by the US to bring up issues against India at the World Trade Organization, most recently to thwart India's efforts to market generic drugs, Rao reiterated the 'candour in the dialogue' both countries have which had helped maintain a balance, eschewing any extreme decisions.
Introduction of GAAR, which was proposed by then Finance Minister Pranab Mukherjee in the Budget 2012-13 to check tax evasion, had triggered strong opposition by foreign investors following which its implementation was postponed till April next year.
The New Telecom policy 2011 and the Spectrum Act are expected to address these concerns.
A brief overview of North Bengal districts' constituencies
A government group under the chairmanship of Finance Minister Pranab Mukherjee has broadly accepted a Department of Telecommunications (DoT) proposal favouring a three-pronged strategy to deal with the challenges arising out of the Supreme Court order cancelling 122 telecom licences.
Budget ideas from industry are irresponsible
Agriculture Minister Sharad Pawar will head the Empowered Group of Ministers (EGoM) on the effective management of issues related to drought.
Congress president Sonia Gandhi on Monday had separate meetings with Finance Minister Pranab Mukherjee and Home Minister P Chidambaram, stepping in to defuse the raging row over the controversial finance ministry note on 2G spectrum allocation.
In the run-up to Budget, Congress leaders have urged Finance Minister Pranab Mukherjee to take steps to appease the 'common man' - to raise the income tax exemption limit, reduce interest rates and provide greater Budgetary allocations for poverty alleviation programmes.
Pranab Mukherjee is likely to be advised on crucial issues by Omita Paul once he moves into Rashtrapati Bhawan, writes Santosh Tiwari.
Non-profit organisations set up for charitable purposes may see a tightening of income tax provisions.
The Unique Identifiaction Authority of India is expediting creation of platforms for implementing the model, likely to include coverage of the Public Distribution System and other areas of subsidy, and also government's social sector schemes.
The decision was taken at a meeting Finance Minister Pranab Mukherjee had with Law Minister Salman Khurshid and Parliamentary Affairs Minister Pawan Kumar Bansal.
Amid sagging business outlooks from various chambers, economists on Wednesday told finance minister Pranab Mukherjee that Budget 2012-13 should restore the confidence of investors.
Protesting the 'erroneous' stand, Prasenjit Bose, former convenor of the research unit of CPI-M, decided to send his resignation letter to the CPI-M leadership, and was later expelled from the party. We present the letter, where he elaborates his stand, which was first published in Pragati, on July 22.
The Congress on Monday bid a warm farewell to Finance Minister Pranab Mukherjee, poised to become the country's President, with Prime Minister Manmohan Singh saying that the veteran leader will be missed.
The sharp decline in rupee against the dollar is a cause of concern and there are expectations that steps would be announced to boost the domestic currency, the finance minister said.
Briefing MPs on the Lokpal issue at a meeting of the Congress Parliamentary Party, Mukherjee told them that while the fundamental rights of a person to demonstrate was important, the government was also duty bound to save a human life. Voicing concern over the bad press the government was getting on the Lokpal issue, Congress members of Parliament wanted it to be proactive in apprising people about the truth of the matter.
The Union government will donate $1.5 million (nearly Rs 8 crore) to the University of Chicago next week to help establish a new visiting professorship in Indian studies named after Swami Vivekananda, university officials said on Tuesday.
Government and Team Anna on Tuesday night began discussions on the Lokpal issue amidst clear indications that government might consider bringing the Prime Minister under the ambit of the anti-corruption ombudsman while differences persisted on other key issues during the inconclusive talks.
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