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In 2012-13, the Centre's tax to-GDP ratio stood at 7.8%
Supplementary demand, expected to be tabled in Parliament next week, may includes provision of Rs 1,000 crore for setting up Women's Bank
This is the first time executive directors representing India at World Bank, IMF, ADB are meeting the FM together
Cabinet likely to pave way for the 'super-rich' tax today
Economic affairs secretary Arvind Mayaram wants investors to base their judgements on fundamentals of economy 'which is quite strong'
Chidambaram to meet India executive directors of all multilateral agencies in a 2-day conference
Officials are relying on both formal and informal methods for reaching non-filers
Most electronic goods are covered under IT agreements with other countries, hence raising duty rates unilaterally not an option
In case of imports of precious, semi-precious stones and pearls, curbs may not be possible because significant portion of these items processed in India
A calling motion has been moved for discussion on issue in Lok Sabha
Completely stifling liquidity to affect growth, says officials from ministry
Entire IT sector will be divided into six groups for purpose
Govt thinking of easing these but also want firms to not go for short-term use of these funds, thereby building pressure for early redemption
Govt considers whether to allow re-bidding, after TCS asks for payment revision due to rupee depreciation; audit objections apprehended either way
Finance ministry asks bank, insurance & market regulators to issue notifications
Over one million defaulters identified, 1,400 had filed declarations amounting to Rs 650 cr: P Chidambaram
Retention of govt dues beyond due date an offence liable for prosecution under Section 276B of I-T Act, 1961
According to market participants, RBI may lower the cap for bank's borrowing under LAF further
The current rates came into force on October 10, 2012. Since then the currency has fallen about 15.5%
This, as realization of exporters has gone up due to depreciation of rupee