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FM had said that work on GST was in progress; there were 70% possibility of the legislation being passed in Parliament during remaining term of UPA II
The finance minister says India's potential growth rate is 8%, the country cannot afford to become complacent and sit back
Interview with Financial services secretary
Currently, sale in cash of bullion in excess of Rs 2 lakh or jewellery in excess of Rs 5 lakh is subject to TCS
Fin Min planning to keep coupon rate on these bonds below the prevailing rate on govt securities
He also said that for FY14 it is likely to be below 5%
Unrecovered sum is just from 379 cases, was almost equal to what the govt received from personal income tax in 2012-13
Move could streamline capital flows and help finance current account deficit
Govt is trying to minimise layers of caps, clearly define the break-up of FDI and foreign institutional investment sub-limits
It has given out a strategy for seeding Aadhaar into bank accounts by May 15
Govt may start auction for institutional investors next month
Benefits not worth the possible downsides, says finance ministry
Could turn out below last year's BE, with some improvement in revenue and spending
Pai has written to P Chidambaram, inviting Indian administrators for a one-week study programme in the UK
Indian Banks' Association is likely to ask for a 25 per cent rise for the 800,000-odd employees in the 10th bipartite agreement on wage revision
Prime minister's office wants OMCs to bear credit subsidy for remaining 8 subsidised units on reimbursement basis
Concessional rates of interest on loans, employer's share in provident fund may become part of CTC
The report found that the growing prominence of indirect taxes places more pressure on tax administrations to enforce compliance
Tax department considering raising first slab to Rs 2.5 lakh from Rs 2 lakh at present
Industry had sought clarification whether erection of pandal may be deemed a sale