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Surabhi The Indian Express Group

Surabhi-

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Centre considers dual GST regime

Wednesday 30 September '09

The goods & services tax (GST) regime, which is aimed at simplifying India’s myriad indirect tax system....
Finmin: no new FRBM legislation

Tuesday 15 September '09

The finance ministry has dropped its plans to amend or replace the Fiscal Responsibility & Budgetary Management Act of 2004, which laid down fiscal and revenue deficit targets until 2008-09. The ministry has breathing space until next year before making any fresh commitments, as the government has already set medium-term targets in this year’s Budget. This means it will not run the risk of breaching parliamentary propriety despite the dramatic overshooting of the targets under the Act.
Low-cost pension to cover 400 m workers

Monday 24 August '09

The New Pension Scheme has decided to break through to the vast majority of the workers in the unorganised sector, who are not financially capable of meeting the minimum investment needs to qualify for pension. The proposal would also allow approximately 400-million workers, a large percentage of which is barely literate to get free advice from a nodal group about which scheme would suit them the most. The Pension Fund Regulatory and Development Authority is planning a low-cost pension scheme that would cost the workers far less than the current annul contribution threshold of Rs 6,000.
Foreign contractors lose tax benefit in power projects

Saturday 1 August '09

The UPA may have set an ambitious target of 15,000 MW of fresh power capacity in 2009-10 as part of its thrust on big-ticket spending on infrastructure projects to revive the flailing economy.
GST: Like BJP states, TN too turns naysayer

Friday 12 June '09

In a major setback to the rollout of a national goods and services tax regime from April 1, 2010...
80C I-T cap could go up by Rs 50,000

Monday 8 June '09

The ministry is considering a proposal to hike the Rs 1-lakh limit for tax-deductible investments.
Centre to increase number of work days under NREGS

Thursday 28 May '09

The Centre is set to significantly expand the National Rural Employment Guarantee Scheme (NREGS), which the Congress thinks played....
India's Stimulus Plan-II will aid IT sector

Friday 26 December '08

The government is set to extend the blanket tax exemption provided to software companies in order to boost the IT industry.
Chidambaram's unfinished agenda at North Block...

Monday 1 December '08

Key economic reforms and an overhaul of country’s decades-old tax laws will form core of Chidambaram’s unfinished agenda.
Insurance FDI hike before Cabinet today

Thursday 16 October '08

The global financial crisis may have hit the world’s biggest insurance players severely.
Metro: Whose line is it anyway?

Friday 3 October '08

The question of how five metro rail projects should be financed has become a bone of contention.
More professionals to come under TDS

Friday 26 September '08

To keep pace with booming services sector, FinMin is considering to expand scope of TDS.
'Porters won't upset my bank balance'

Wednesday 27 February '08

With a number of populist schemes announced in his Budget, including huge direct employment plans and slashing of fares across the table, Railway minister Lalu Prasad...
'Charitable' trusts may come under FinMin scrutiny

Thursday 7 February '08

Port trusts, chambers of commerce, and educational trusts, which are not...
Rs 5,000 cr investments hang on stalled Bills

Saturday 8 September '07

Staggering 71 Bills pending in Parliament, affecting several critical sectors, could derail the government’s economic agenda...
Centre mulling means to plug shell company route

Tuesday 4 September '07

Offshore mergers and acquisitions may come under the domestic tax net, with the Government mulling ways to block companies from using the shell company route to ward off revenue officials.
Life cover set to cost you more

Wednesday 4 July '07

The premium on your life insurance policy is likely to rise as the finance ministry is likely to levy service tax on the fund management fees or the investment part of your policy.
SAR likely to soften Budget’s Esop blow

Wednesday 30 May '07

Companies are exploring stock appreciation rights (SAR) to get over the blow dealt by finance minister P Chidambaram on employee stock option
MAT structure may be altered

Tuesday 20 February '07

With corporate tax exemptions set to come under close scrutiny, the finance ministry is likely to review the structure of the minimum alternate tax in Budget 2007-08...
Relief likely for those at base

Friday 16 February '07

With record inflation, the government is under pressure to provide the common man tax relief by making last-minute changes to Budget 2007-08.
Railways wants review of service tax on container freights

Saturday 20 January '07

As part of its plans to woo more private companies into the container business, the railway ministry has asked Central Board of Excise and Customs (CBEC) to rethink the policy on levying service tax on rail container freight.
Spend on time or forego funds: FM

Saturday 6 January '07

The finance ministry is planning to crack the whip on ministries and government departments that do not spend their annual budgetary allocation evenly through the financial year.
Tax sops to units in hill states likely to be done away with

Friday 22 December '06

The finance ministry is likely to do away with area-based tax concessions in Budget 2007-08.
Rly corridor cost escalates 60% to Rs 35,000 crore

Wednesday 13 December '06

The estimated cost of constructing railways' dedicated freight corridor has jumped 60 per cent from the original projection.
PPP-AC’s intervention unnecessary, feels Shipping Ministry

Monday 30 October '06

After the National Highways Authority of India, the shipping ministry also feels it can do without the public-private partnership appraisal committee in the finance ministry.
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