"So far PNs issued by the FIIs to overseas investors were not taxed by the Income Tax department. But after deliberations in the finance department, the PN holders may be taxed in the next budget", Shome said at an interaction organised by ICAI here today.
"The government has envisaged an investment of USD 12.1 billion in the airport sector during the 12th plan period (2012-17), of which USD 9.3 billion is expected to come from the private sector for construction of new airports, expansion and modernisation of existing airports and development of low cost airports," Singh said.
Minister Mallikarjun Kharge is also expected to update the house about new initiatives like railways tariff authority, which got approval of Union cabinet. He would also be appraising his fellow colleagues and members of the Parliament about the dynamic fare system.
Obama said in his State of the Union address Tuesday night that he's "eager to work" with lawmakers. But he vowed to bypass a divided Congress and take action on his own to bolster the nation's middle class and close the nation's wealth gap.
Rakesh Arora of Macquarie says that the market appears to be tightly anchored to RBI's September 20 midquarter review, like it was to the Union Budget earlier this year, but is likely to be disappointed.
Rakesh Arora of Macquarie says that the market appears too tightly anchored to RBI's September 20 midquarter review, like it was to the Union Budget earlier this year, but is likely to be disappointed.
Spain acknowledged that its economy would shrink more than initially expected in 2013 and its budget deficit would be higher than promised, but the European Union gave it more time to bring the shortfall back down to bloc limits.
Armed with the Budget proposals to bring down the fiscal deficit, the Finance Ministry will pitch for a ratings upgrade at series of meetings with the global agencies over the next few weeks beginning with Fitch from tomorrow.
The National Housing Bank (NHB), the regulator for housing finance companies in India is ramping up its efforts on affordable housing, typically priced below Rs 25 lakh. It has almost finalised the scheme for Urban Housing Fund (UHF) of Rs 2,000 crore, recently announced in the Union Budget 2013.