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Modi's mountain to climb

Jul 10, 2014 at 11:42 | Source: BBC

On the eve of the Modi government's first budget, India is in the grip of infectious optimism. Admittedly, doing the kind of job I do, I have been exposed to a limited cross-section of Indian society. But the business elite I have met in Mumbai ...

Budget 2014 Live: Speaker offers a break in middle of B-speech - a first

Jul 10, 2014 at 11:31 | Source: FirstPost

11.45am: So far there are too many small allocations for diverse schemes covering the poor, farmers, marginalised sections, etc, but none looks like having a major impact. But meanwhile, at the request of the finance minister, the speaker offers a br...

Budget 2014: Committed to GST, high level committee to clarify retrospective tax, says FM

Jul 10, 2014 at 11:30 | Source: FirstPost

The Finance Minister today said that the government was committed to not bringing any new taxes with retrospective effect in order to provide a stable taxation regime and also said that the government would aim to push through the contentious Goods a...

Budget 2014 Tax Focus live: No more retrospective taxes, GST coming soon, vows Jaitley

Jul 10, 2014 at 11:15 | Source: FirstPost

11:15 am: No more retrospective taxes, says JaitleyIn what may bring a smile to the foreign investor community, Jaitley said that the government is committed to not bring any changes to tax law restrospectively."I would like to convey to investo...

Budget 2014 Tax Focus live: I-T exemption hike unlikely, retrospective tax could go

Jul 10, 2014 at 09:29 | Source: FirstPost

10:00 am: What people are expectingHere's what some folks on Twitter are expecting:Today's budget must legislate measures to tax billions of dollars untaxed income in the hands of politicians, land kings, businessmen etc.— SubbaRao ...

Strategy to swell kitty

Jul 07, 2014 at 17:42 | Source: Calcutta Telegraph News

New Delhi, July 6: The Narendra Modi-government is looking to raise around Rs 1 lakh crore from divestment in state-run units and spectrum auction to part fund its maiden budget. The government has little leeway to raise tax even as higher crude pri...

Tax sops to fiscal prudence: Jaitley's maiden Budget to be a tightrope walk

Jul 06, 2014 at 14:24 | Source: FirstPost

Finance Minister Arun Jaitley's maiden Budget on Thursday is expected to be a tightrope walk of trying to meet demands for tax sops especially from the middle class and pursuing fiscal prudence to spur investment and growth.The Budget for 2014-15 wil...

How Budget 2014 can bring tax rationalisation back in India

Jul 04, 2014 at 15:36 | Source: FirstPost

One of the oft repeated items on every budget wish list this year is the reversal of retrospective amendments in the tax law. The current Modi government is faced with a catch 22 situation of increasing tax revenues to fund its ambitious infrastructu...

Budget 2014 will administer bitter pill for better days: Ravi Shankar Prasad

Jul 03, 2014 at 21:12 | Source: Economic Times

NEW DELHI: Tempering apprehensions of stern policies in Budget 2014, Law and Telecom Minister Ravi Shankar Prasad told ET Now, "The economy has to be administered a bitter pill for better days, but the government will work for the poor." Calling subs...

Best companies to work for 2014: List from 11 to 100

Jul 01, 2014 at 08:12 | Source: Economic Times

'India's Best Companies to Work For' is a study conducted by The Economic Times and Great Place to Work Institute, based on a methodology that has been validated the world over. This year, 600 organisations spanning 20 industry categories participat...

Narendra Modi's government plan image facelift to pull in slew of investments

Jun 30, 2014 at 12:12 | Source: Economic Times

NEW DELHI: The Narendra Modi government is considering the option of formally approaching the judiciary to find a way of dealing with tricky litigation and disputes that are holding up investments in the country, as it prepares an action plan for re...

Comptroller and Auditor General preparing to examine transfer pricing cases

Jun 30, 2014 at 12:12 | Source: Economic Times

NEW DELHI: The Comptroller and Auditor General (CAG) is preparing to examine transfer pricing cases, which have significant revenue implication for the exchequer and lead to longdrawn litigation between companies and tax authorities. The CAG has so f...

SC to hear plea on Vodafone tax dues July 1

Jun 27, 2014 at 00:30 | Source: FirstPost

New Delhi, June 26 (IANS) The Supreme Court will hear a PIL July 1 seeking directions to the government to discharge its statutory obligation by recovering Rs.20,000 crore tax dues from telecom giant Vodafone.An apex court bench of Justice Vikramajit...

PIL in SC against arbitration on Vodafone tax dispute case

Jun 26, 2014 at 13:35 | Source: FirstPost

New Delhi: A former Additional Solicitor General on Thursday approached the Supreme Court seeking its direction to the Centre to recover around Rs 20,000 crore tax dues from UK telecom major Vodafone and to restrain the government from going ahead wi...

Budget 2014: Foreign stock trade may not attract capital gains tax

Jun 25, 2014 at 06:37 | Source: Economic Times

NEW DELHI: The government is looking to encourage Indian companies to raise funds through the sale of depositary receipts overseas by freeing trade in such securities from capital gains tax in the forthcoming budget, which is set to be unveiled on Ju...

Moody’s Jio tone cautious

Jun 24, 2014 at 12:02 | Source: Calcutta Telegraph News

Mumbai, June 23: Global credit rating agency Moody’s expects Reliance Industries to invest up to Rs 30,000 crore over the next two years in its telecom business but warned funders that any exposure would be credit negative. Reliance is set to ...

Budget 2014: 5 tax rules that need immediate attention of the FM

Jun 24, 2014 at 12:02 | Source: Economic Times

By Daksha Baxi The upcoming budgetary announcement is perhaps the most eagerly awaited one in recent memory. It is viewed as first big policy announcement on the economic front by the new government and an indicator of the direction the government wo...

Jaitley recuses himself from decisions on Vodafone case

Jun 18, 2014 at 22:48 | Source: FirstPost

New Delhi: Finance Minister Arun Jaitley is believed to have recused himself from matters pertaining to the Rs 20,000 crore Vodafone tax dispute and delegated decision making in this regard to his junior Minister Nirmala Sitharaman.Jaitley has on fil...

Arbitrator for Voda tax case

Jun 18, 2014 at 13:17 | Source: Calcutta Telegraph News

New Delhi, June 17: The government today appointed former Chief Justice of India R.C Lahoti as its arbitrator in the Rs 20,000-crore Vodafone tax case. Vodafone had served an arbitration notice on the government over a tax demand that had been serve...

Won't indulge in UPA's tax terrorism: Commerce Minister Nirmala Sitharaman

Jun 17, 2014 at 11:36 | Source: Economic Times

NEW DELHI: Minister of commerce and industry Nirmala Sitharaman has termed the UPA government's move to impose retrospective tax as " tax terrorism", while emphasising that the Modi government would squarely address the issue to send out the right si...

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