finance bill

Chidambaram helping MNCs, says CPI-M


August 7th, 2012 - 2:53 pm ICT by IANS
New Delhi, Aug 7 (IANS) The CPI-M Tuesday accused Finance Minister P. Chidambaram of helping multinationals to escape tax on assets acquired in India and also foreign and Indian ... Read more...

Posted in Politics |

Compulsory disclosure of overseas assets irks taxpayers


June 7th, 2012 - 12:53 pm ICT by IANS
New Delhi, June 7 (IANS) Filing of income tax returns has become more complicated from this year for those having bank accounts or any other assets overseas. The government has ... Read more...

Posted in Business |

Zardari, Gilani to get lifelong security


June 2nd, 2012 - 4:12 pm ICT by IANS
Islamabad, June 2 (IANS) Pakistan President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani will be provided security cover throughout their lifetime. A provision in this regard has ... Read more...

Posted in South Asia |

White paper on black money tabled in Lok Sabha


May 21st, 2012 - 2:22 pm ICT by IANS
New Delhi, May 21 (IANS) Finance Minister Pranab Mukherjee Monday tabled in the Lok Sabha a white paper on the government's strategy on bringing back black money stashed away ... Read more...

Posted in Politics |

Mukherjee hints at austerity as rupee dips to record low (Roundup)


May 16th, 2012 - 8:50 pm ICT by IANS
New Delhi, May 16 (IANS) The government is planning to introduce some austerity to aid fiscal consolidation, Finance Minister Pranab Mukherjee said Wednesday as the rupee slumped to a ... Read more...

Posted in Business |

Slowdown a concern, but India’s growth story intact: Pranab


May 16th, 2012 - 6:02 pm ICT by IANS
New Delhi, May 16 (IANS) Blaming the eurozone crisis for the economic slowdown and the sharp drop in the stock markets, Finance Minister Pranab Mukherjee Wednesday said India's growth ... Read more...

Posted in Business |

Sensex falls for third straight week on negative cues (Weekly Market Review)


May 12th, 2012 - 7:18 pm ICT by IANS
Mumbai, May 12 (IANS) The Left-ward turn in politics in France and Greece and weak domestic economic data weighed heavy on Indian equities markets with a benchmark index closing ... Read more...

Posted in Business |

Sonia praises Pranab’s budget


May 9th, 2012 - 10:26 pm ICT by IANS
New Delhi, May 9 (IANS) Amid speculation that he is a front-runner for the presidential polls, Congress chief Sonia Gandhi Wednesday made a mention of Finance Minister Pranab Mukherjee ... Read more...

Posted in Politics |

Dissapointed Vodafone to take steps to safeguard interest


May 9th, 2012 - 9:44 pm ICT by IANS
New Delhi, May 9 (IANS) A day after Finance Minister Pranab Mukherjee declared that India won't give in to pressure and change its retrospective tax legislation, Vodafone Plc said ... Read more...

Posted in Business |

Deferred GAAR not because of any fear: Mukherjee


May 8th, 2012 - 9:17 pm ICT by IANS
New Delhi, May 8 (IANS) The decision to defer the implementation of the General Anti-Avoidance Rules (GAAR) is not because of any fear or apprehensions, Finance Minister Pranab Mukherjee ... Read more...

Posted in Business |

BJP concerned about India’s falling forex reserves


May 7th, 2012 - 9:50 pm ICT by IANS
New Delhi, May 7 (IANS) The main opposition Bharatiya Janata Party Monday voiced concern over India's depleting foreign currency reserves, which have declined by $12.8 billion in recent years."Our ... Read more...

Posted in Business |

Capital gains tax on private equity lowered


May 7th, 2012 - 8:18 pm ICT by IANS
New Delhi, May 7 (IANS) The central government Monday announced the lowering of capital gains tax on private equity investments to 10 percent from the existing 20 percent."Currently, long ... Read more...

Posted in Business |

India defers GAAR by a year (Lead)


May 7th, 2012 - 8:18 pm ICT by IANS
New Delhi, May 7 (IANS) India Monday deferred impementation of the controversial General Anti-Avoidance Rules (GAAR) by a year and announced that the burden of proving tax evasion will ... Read more...

Posted in World |

Government rolls back TDS on property sales (Lead)


May 7th, 2012 - 7:07 pm ICT by IANS
New Delhi, May 7 (IANS) The government Monday rolled back the proposed one percent tax deduction at source (TDS) on transfer of immovable property.Initiating the debate on the ... Read more...

Posted in Business |

Levy on unbranded jewellery to be withdrawn: Pranab (Lead)


May 7th, 2012 - 6:50 pm ICT by IANS
New Delhi, May 7 (IANS) Finance Minister Pranab Mukherjee Monday said the government had withdrawn the levy of one percent on the sale of unbranded jewellery initially proposed in ... Read more...

Posted in Business |

Government rolls bank TDS on property sales


May 7th, 2012 - 6:02 pm ICT by IANS
New Delhi, May 7 (IANS) The government Monday rolled back the proposed one percent tax deduction at source (TDS) on transfer of immovable property.Initiating the debate on the Finance ... Read more...

Posted in Business |

Yashwant Sinha quips over Pranab becoming president


May 7th, 2012 - 5:51 pm ICT by IANS
New Delhi, May 7 (IANS) Bharatiya Janata Party (BJP) leader Yashwant Sinha Monday had all members in the Lok Sabha thumping their desks in approval when he asked Finance ... Read more...

Posted in Uncategorized |

Levy on unbranded jewellery to be withdrawn: Pranab


May 7th, 2012 - 5:27 pm ICT by IANS
New Delhi, May 7 (IANS) Finance Minister Pranab Mukherjee Monday said the government had withdrawn the levy of one percent on the sale of unbranded jewellery initially proposed in ... Read more...

Posted in Business |

India defers implementing GAAR for a year


May 7th, 2012 - 4:50 pm ICT by IANS
New Delhi, May 7 (IANS) Relenting under pressure from the business community, Finance Minister Pranab Mukherjee Monday proposed to defer the implementation of the controversial General Anti-Avoidance Rule (GAAR) ... Read more...

Posted in Business |

Sensex slides 320 points to close below 17,000 (Roundup)


May 4th, 2012 - 6:54 pm ICT by IANS
Mumbai, May 4 (IANS) A benchmark index for Indian equities markets Friday slid 320 points to close below 17,000 for the first time in more than three months over ... Read more...

Posted in Business |

Lok Sabha to apply guillotine for outstanding budget demands


May 3rd, 2012 - 5:03 pm ICT by IANS
New Delhi, May 3 (IANS) The Lok Sabha is scheduled Thursday to take up all outstanding demands for grants of ministries at one go by applying the guillotine provision ... Read more...

Posted in Politics |

Tax law change may yield Rs.40,000 crore: Government


April 24th, 2012 - 7:42 pm ICT by IANS
New Delhi, April 24 (IANS) The proposed retrospective changes in the income tax law that seeks to bring overseas transactions involving Indian assets into the tax net is likely ... Read more...

Posted in Business |

Congress moves to suspend eight MPs from Lok Sabha (Lead)


April 24th, 2012 - 6:47 pm ICT by IANS
New Delhi, April 24 (IANS) In an unprecedented move, the Lok Sabha Tuesday suspended eight Congress MPs from the Telangana region after the party itself moved a motion against ... Read more...

Posted in Politics |

Resumed budget session may generate heat for government


April 23rd, 2012 - 9:03 pm ICT by IANS
New Delhi, April 23 (IANS) The Congress may have averted some house trouble by asking Abhishek Manu Singhvi to step down from party and parliamentary posts over a sleaze ... Read more...

Posted in Uncategorized |

US business groups to protest tax law changes in India


April 19th, 2012 - 12:03 pm ICT by IANS
Washington, April 19 (IANS) A dozen US business groups have asked US Treasury Secretary Timothy Geithner to raise their concerns with New Delhi that some proposed changes in Indian ... Read more...

Posted in Business |

Vodafone sends notice on retrospective tax (Lead)


April 17th, 2012 - 7:03 pm ICT by IANS
New Delhi/Mumbai, April 17 (IANS) Britain-based global telecom company Vodafone Tuesday served notice on the Indian government on its retrospective proposal to levy capital gain tax on a transaction ... Read more...

Posted in World |

Vodafone serves notice to government on tax proposal


April 17th, 2012 - 6:23 pm ICT by IANS
New Delhi, April 17 (IANS) Britain-based Vodafone Tuesday said it would prefer to reach an amicable solution to its Rs.1,1000 crore capital gain tax dispute with the Indian government over ... Read more...

Posted in World |

Indian aviation’s MRO business set to soar


April 8th, 2012 - 1:37 pm ICT by IANS
New Delhi, April 8 (IANS) India's aviation maintenance, repair and overhaul (MRO) business is set to rise as a result of the government's plan to slash high custom duties ... Read more...

Posted in Business |

Britain raises Vodafone tax issue with Mukherjee (Lead)


April 2nd, 2012 - 9:50 pm ICT by IANS
New Delhi, April 2 (IANS) British Chancellor of Exchequer George Osborne Monday raised the Vodafone issue at a meeting with Finance Minister Pranab Mukherjee, saying the Indian government's move ... Read more...

Posted in Sci-Tech |

Britain raises Vodafone tax issue with Mukherjee


April 2nd, 2012 - 8:50 pm ICT by IANS
New Delhi, April 2 (IANS) British Chancellor of Exchequer George Osborne Monday raised the Vodafone issue at a meeting with Finance Minister Pranab Mukherjee, saying the Indian government's move ... Read more...

Posted in World |

Mukherjee rules out roll-back of gold duty hike


March 27th, 2012 - 8:14 pm ICT by IANS
New Delhi, March 27 (IANS) Finance Minister Pranab Mukherjee Tuesday ruled out any roll back of the proposed hike in duty on gold, saying precious foreign exchange was being ... Read more...

Posted in Business |

Tax law amendments not aimed at opening old cases: Mukherjee


March 25th, 2012 - 6:33 pm ICT by IANS
New Delhi, March 25 (IANS) Finance Minister Pranab Mukherjee Sunday clarified that the proposed amendments in tax regulations were not aimed at opening old cases with any vindictive intent, ... Read more...

Posted in Business |

Government to pursue Lokpal bill in budget session


March 12th, 2012 - 11:37 pm ICT by IANS
New Delhi, March 12 (IANS) The government Monday said it will pursue the contentious Lokpal bill in the budget session of parliament which began earlier in the day.The bill was ... Read more...

Posted in Uncategorized |

Will carry along our allies in parliament: Narayanasamy


March 12th, 2012 - 12:53 pm ICT by IANS
New Delhi, March 12 (IANS) The government will carry along its allies on all issues on the agenda in parliament, V. Narayanasamy, minister of state in the Prime Minister's ... Read more...

Posted in Politics |

Union budget likely to be presented in mid-March: Mukherjee


January 25th, 2012 - 6:38 pm ICT by IANS
New Delhi, Jan 25 (IANS) The union budget for the 2012-13 financial year would be presented around mid-March after the election process for electing five new state assemblies gets ... Read more...

Posted in Uncategorized |

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