The INDIA bloc has 95 MPs in Rajya Sabha of which 45 were suspended on Monday.
Hardening its stand, key United Progressive Alliance ally Dravida Munnetra Kazhagam on Sunday slammed the Centre for its "lukewarm" response on the Sri Lankan Tamils issue and threatened to walk out of the ruling alliance if it failed to move amendments to the US-sponsored resolution at the UNHRC.
Three Dravida Munnetra Kazhagam ministers -- S S Palanimanickam, S Gandhiselvan, S Jagatrakshakan -- on Wednesday submitted their resignations from the government to Prime Minister Manmohan Singh. But Union minister and DMK leader M K Alagiri was conspicuous by his absence.
The government on Friday said it is examining recommendations of the Parthasarathi Shome panel on controversial retrospective tax laws introduced in the last Budget.
Their scope of work is increasing tremendously.
The government on Thursday said the Enforcement Directorate is probing alleged violation of FDI regulations by cash and carry chain Walmart.
The sanctioned strength of department is 57,793 while the working strength is 40,756; thus a shortfall of 29.47 per cent, the Minister of State for Finance S S Palanimanickam informed the Lok Sabha in a written reply.
According to government, the chocolate manufacturer wrongfully claimed exemption.
The United Progressive Alliance government will suffer a set back if ally Dravida Munnetra Kazhagam doest not contain the infighting between T R Baalu, leader of DMK parliamentary party, and Union Minister S S Palanimanickam, DMK's five time MP from Thanjavur constituency, over the new railway line in Thanjavur.
Vodafone too has undervaluing its shares by Rs 1,308.91 crore.
As Pranab Mukherjee resigned to contest the Presidential poll, Prime Minister Manmohan Singh on Tuesday took charge of the finance ministry portfolio at a time when the country's economy is going through a bad phase.
Kingfisher Airlines was found to have deducted tax at source on salary payments but had not deposited it in government account, Minister of State for Finance S S Palanimanickam said in a written reply.
The Ministry of Petroleum and Natural Gas is demanding an increase in excise duty on diesel cars with a view to discouraging consumption of subsidised fuel by personal vehicle owners.
The three leading think-tanks-- NCAER, NIFM and NIPFP-- conducting a joint study on the quantum of blackmoney, are likely to submit the report to government by December 2012, Parliament was informed on Thursday.
Union Minister of State for Finance S S Palanimanickam of the Dravida Munnetra Kazhagam will skip his boss Pranab Mukherjee's Budget presentation on Friday.
The Income Tax Department has not recommended 'amnesty scheme' to deal with the issue of black money, the government said on Wednesday.
The government on Tuesday said it has received information related to black money from Mauritius and was examining it for appropriate action.
India and Switzerland, on August 30, 2010, signed a protocol amending the Double Taxation Avoidance Agreement.
The Finance Ministry on Friday said that no bugging device was found within its premises, including the office of Finance Minister Pranab Mukherjee, and the suspicious adhesive discovered was chewing gum-like material.
Government is mulling amendment and strengthening of the Act to combat terror financing and other suspect transactions.
Sharp rupee fall, interest differential on export finance rates may have led to arbitrage in gold.
The government on Friday said that it is concerned about frequent hike in prices of petroleum products but does not plan to reduce taxes on oil goods.
The government has realised Rs 3.75 lakh crore as indirect tax in the April-January period, 74.41 per cent of the target for 2012-13 fiscal, Parliament was informed on Friday.
The controversial proposal to amend the Income Tax Act with retrospective effect to bring into tax net Vodafone-type deals is expected to yield to the exchequer Rs 35,000 to Rs 40,000 crore, the government said.
The govt has framed a five-pronged strategy to fight the menace of tax evasion.
The list of negatives on Kingfisher Airlines is getting longer.
The two parties are deadlocked over on a deal over sharing of seats following DMK's decision on Saturday to pull out its ministers from the UPA government over Congress attitude.
The government has no proposal 'at this stage' to reduce taxes on petro products even as it earned Rs 1.02 lakh crore (Rs 1.02 trillion) by way of taxes on these items in 2010-11, Parliament was informed on Tuesday.
While presenting the Budget on Monday, Finance Minister Pranab Mukherjee, had expressed 'serious concern' over the generation and circulation of black money and said that the government has adopted a five-fold strategy to deal with the menace.
The government informed the Rajya Sabha on Thursday that Enforcement Directorate is looking into complaints of Foreign Exchange Management Act violations by Anil Dhirubhai Ambani Group, but no conclusion has been reached.
The government on Friday rejected the demands for tax exemption on setting up power plants, state maritime boards and port trusts, saying it was inconsistent in a moderate tax regime.
Out of the total dues, Satyam Computer, which has now been re-branded as Mahindra Satyam, alone owes a hefty Rs 532 crore (Rs 5.32 billion) to the Income Tax department
India on Tuesday said it is actively pursuing enforcing the amended tax treaty with Switzerland soon so that information on bank deposits in that country can be obtained in specific cases, Minister of State for Finance S S Palanimanickam said.
Meet India's key ministers who have promised to revive the economy and improve the infrastructure of the country.
The government has seized over Rs 1,764 crore (Rs 17.64 billion) of unaccounted income in the last three financial years, with sectors like real estate, manufacturing and mining generating the most of it, Parliament was informed on Tuesday.
The government lost Rs 71,255 crore (Rs 712.55 billion) on tax rebates and exemptions awarded to corporates and non-corporates in the 2008-09 fiscal, Minister of State for Finance S S Palanimanickam told Rajya Sabha.
The Centre on Friday said it will persuade states to reach a consensus on the Goods and Services Tax so that it can be implemented from April 1 next year.
Ruling out any plans to restructure the National Investment Fund (NIF), the government on Friday said the proceeds from divestment of the NHPC and Oil India Limited (OIL) will be credited to the NIF.
The government has no plans to increase the income tax ceiling on home loan interest payments, though there was a demand from the urban development ministry in this regard.
The government on Tuesday said that tax arrears rose over 18 per cent to Rs 2.93 lakh crore as on March 31, 2010 against the year-ago period.
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