The extra freedom given to the 26 public sector banks from this year to choose their statutory auditors has auditing companies — both those chosen and those left out — restive.
The Union finance ministry is considering an increase in the central excise duty for some of the products that had benefited from the two rounds of reductions announced by the government as part of its fiscal stimulus measures last year.
The Union finance ministry is examining a proposal that seeks to dilute the government’s stake in all listed public sector undertakings to at least 90 per cent.
The Union finance ministry has advised state-run GAIL and NTPC to infuse an additional equity of Rs 475 crore each in the Dabhol power project, with lenders converting their Rs 450-crore debt into
The Union Finance Ministry's decision to withdraw Central Excise incentives to the industry in J&K has forced closure of nearly 56 menthol and about half a dozen metal units.
Life Insurance Council, the industry body of life insurance companies in India, in its pre-budget memorandum to the Union finance ministry has sought the introduction of a separate limit of Rs 1 lakh
The Union Finance Ministry is mulling the idea recapitalisation of the regional rural banks (RRBs) in the state, provided the state government is willing to infuse Rs 50 crore, analogous to its share
Recognising the threat of hardening international non-fuel commodity prices on inflation, the department of economic affairs in the Union finance ministry has suggested aggressive sterilisation of
The Union Finance Ministrys plans to boost the central excise duty collections from pharmaceutical products, through a correction in the duty evaluation criteria two years ago, seems to have
Tobacco will attract four per cent value added tax (VAT) in Orissa from the current fiscal. This follows the amendment to central sales tax and additional duties of excise act by the Union finance
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