The imbroglio over allowing FDI in multi-brand retail seems set to spill over to the budget session of Parliament, Vikas Pathak reports.
The finance ministry is working towards an amicable resolution of the retrospective tax amendment issue that could provide some relief to British telecom giant Vodafone, which is facing a tax liability of Rs 11,200 crore.
Struggling to meet its budgeted disinvestment target of Rs. 30,000 crore for the 2012-13, the government is set to fix an even higher target of over Rs. 40,000 crore for the next fiscal year. Mahua Venkatesh and Anupama Airy report.
To attract more takers and channelise insurance and pension funds as also household savings, finance minister P Chidambaram as part of his forthcoming budget proposals may allow state-owned IIFCL to stand as a guarantor for bonds floated by private infrastructure companies. Anupama Airy and Mahua Venkatesh report. Bonding with the market
Indian industry leaders on Wednesday urged finance minister P Chidambaram to not impose a tax on the 'super rich', and to maintain a stable tax regime to boost investor sentiments and capital inflows as the economy appears on track for its worst growth in 10-years. HT reports. FM meets state FMs
The threat of a proposed hike in customs duty on gold that will make imports costlier is leading to a sharp buying of gold by bullion traders and stockists despite the near record high domestic prices of over Rs. 30,000 per 10 grams. Anupama Airy and Mahua Venkatesh reports. All that glitters
The upcoming union budget should be focused on boosting private as well as the government's investment in infrastructure, the Confederation of Indian Industry (CII) said.
The global crisis has affected the Indian economy too. In the midst of this crisis, the implementation of the Direct Tax Code (DTC) was postponed beyond the proposed date of April 2012.
The government is likely to clamp down heavily on tax defaulters through a string of measures that is likely to be announced in this year's budget, as tax authorities step on the pedal to collect unpaid revenues. HT reports.
Companies and individuals fearing higher tax rates in view of a high fiscal deficit may rest easy as the forthcoming budget is unlikely to give them taxing times. Anupama Airy and Mahua Venkatesh report.
The biggest threat to reforms in India is an unstable government at the Centre after 2014, finance minister P Chidambaram told investors in Singapore today as he defined the economic agenda in the coming months. HT reports. Chidambaram eyes growth boost
Finance minister P Chidambaram today said that the argument for taxing the very rich "a little more" should be considered, fuelling speculations about steps he may take in the budget to boost tax inflows and narrow a widening fiscal gap. POLL: Should India's rich pay more taxes?
If you have recently decked up your bathroom with fancy fittings or picked up a swanky plasma-screen television set, then taxmen could be profiling you, part of a new directive to scoop “information on everything about a taxpayer”. Gaurav Choudhury reports.
Finance minister P Chidambaram is likely to direct banks to open more branches in rural areas and focus on states in which penetration in the hinterland is low. Mahua Venkatesh reports.
Prime Minister Manmohan Singh has chipped in to end resistance from key ministries against finance minister P Chidambaram's fiscal consolidation move imposing restrictions on their expenditure kitty. Chetan Chauhan reports.