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Tax net: Govt to dispatch letters 70,000 high priority assessees
The government plans to collect over Rs 6.68 lakh crore from direct taxes in the current fiscal, up from Rs 5.65 lakh crore in the previous fiscal. #ThisisNext #finance ministry #Tax #IT #Revenue Department
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Finance ministry questions Air India's plan to trim workforce
Air India's plan to trim its 27,000 bloated workforce by offering a voluntary retirement scheme (VRS) is stuck in the North Block, with the Finance Ministry questioning the rationale behind the proposed scheme. #Business #air india #finance ministry #NewsTracker
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Forget gold, real estate is a bigger time-bomb for all
Real estate is a bigger time-bomb for investors and even the government - since a lot of bank collateral and government revenues is pegged to inflated property prices. #HowThisWorks #Gold #RBI #finance ministry #Investment #property prices #Real estate
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FinMin approves 8.5% interest on PF deposits for FY13
The Finance Ministry has approved payment of 8.5 percent rate interest for 2012-13, up from 8.25 per cent in the previous fiscal, benefiting over 5 crore EPFO subscribers. #Interest rates #finance ministry #NewsTracker #EPFO
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FinMin sees room for rate-cut by RBI to push growth
Encouraged by the declining trend in inflation, the Finance Ministry today made a case for further rate cut by the Reserve Bank to boost sagging growth. #Inflation #RBI #finance ministry #TheySaidIt #Rate cut
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Govt clears ETF for public units to push disinvestment
The Cabinet on Thursday approved the setting up of a CPSE Exchange Traded Fund (ETF) which is expected to speed up disinvestment programme, check volatility in share price movement and encourage retail participation. #finance ministry #NewsTracker #coal india #Indian Oil #CCEA #Engineers India #CPSE Exchange Traded Fund
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FinMin pitches for rating upgrade; will Fitch oblige?
The Finance Ministry today made a strong case for rating upgrade of Indian economy by global agency Fitch on the back of increasing investments, declining import of gold and government's commitment to fiscal prudence. #WhyNow #finance ministry #Fitch ratings #India Growth #Rating upgrade
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FinMin to pitch for ratings upgrade with Fitch tomorrow
The Fitch representatives will meet Department of Economic Affairs (DEA) Secretary Arvind Mayaram and other senior officials from various departments including capital markets, infrastructure, revenue and disinvestment. #India #WhyNow #finance ministry #Rating agencies #Fitch
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Govt, RBI will take steps to contain CAD: finmin
The finance ministry hoped that with improvement in exports, the deficit would moderate in coming months. #ThisisNext #P. Chidambaram #finance ministry #CAD #Gold Import