Fuel price reduction: Govt in a fix – Niti Aayog says find fiscal space, ONGC has questions
As global oil prices continue to surge, the government’s key policy advisor is of the view that states have to take the lead in cutting duties while the Centre needs to first find the fiscal space before it can slash taxes
Arvind Panagariya says raised red flags, could not stop power centres within
Under Arvind Panagariya, the Niti Aayog piloted a number of reforms ideas in both economic and social spheres, but the sudden departure of its vice-chairman puts under the spotlight the numerous occasions when the difference
Boosting investments: Govt may kick-off asset recycling plans with PGCIL
PGCIL has set itself a target of completing work for nearly Rs 1.2 lakh crore worth over the next four years. The projects already in the pipeline include unfinished parts of 11 high-capacity corridors across the country, alo
India, Mauritius to tax fee for technical services through new article in pact
Even the foreign companies earning FTS (fee on technical services) from India used to avoid paying tax in India taking benefit of the beneficial provision of the treaty.
Mudra Scheme: Disbursed refinance funds at Rs 1,364 cr till Feb 1st week
Modi launched the scheme — are being branded as PMMY (or Pradhan Mantri MUDRA Yojana) loans.
For loans over Rs 5 cr: RBI may share defaulter details if probe agencies want the information
While refusing to share the entire database of large loans with the government, the central bank will provide details as may be needed by the investigative agencies, Finance Ministry sources said.
Bad loan mess: Centre plans indemnity for bankers to settle NPAs
FinMin seeks views on setting up external committee to approve one-time NPA settlement applications of PSBs.
Bankruptcy Code: Panel suggestions may not adequately cover cross-border issues
Government sources said it would be premature to infer that the recommendations of the joint committee would be sufficient to effectively deal with cross border aspects of default cases such as that of the Kingfisher Airlines
Why states collected lesser tax revenue on petrol compared to the handsome amount by Centre
This happened since the excise duty levied by the Centre is fixed on per litre of petrol and diesel, while the state’s levy of sales tax or value-added-tax is a percentage of the price.
Fiscal deficit targets: Why Centre’s leeway to states is of little use
Most states, it appears, would not be able to exercise benefits of the extra fiscal borrowing space the Centre is providing, as it is likely going to be a tightrope for them, considering the conditions they need to fulfill.
IDBI CEO on merger: No proposal of stake sale to L&T Finance
The bank’s transformation process has been initiated as outlined by finance minister Arun Jaitley but there was no proposal of a merger with L&T Finance, he said.
Govt drops plan to bid out unused air traffic rights
Domestic carriers as well as the International Air Transport Association (IATA) have strongly opposed plans to auction unused bilateral rights.
Panama Papers: FM Jaitley warns of sleepless nights as govt review begins
Arun Jaitley on Thursday said the multi-agency group set up to probe offshore accounts disclosed in The Panama Papers and being reported by The Indian Express as part of an ongoing investigation is analysing each and every ac
Government bonds: Euroclear agrees to RBI model to clear Indian debt overseas
Finance minister Arun Jaitley in the Union Budget 2014-15 proposed allowing international settlement of Indian debt securities.
Airports invoke dispute clause as AAI demands audit by CAG
DIAL as well as MIAL, late last December, invoked the dispute clause available in the Operations Management and Development Agreement (OMDA) that they signed with the state-owned AAI in 2006 to modernise and operate Delhi and
Budget 2016: To boost savings, Centre may axe NPS withdrawal tax
Budget 2016: NPS has AUM of Rs 1.08 lakh cr and 94.68 lakh subscribers as on December 31, 2015, according to data from the National Pension System Trust.
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