Moneycontrol
    Moneycontrol PRO
    LAMF
    LAMF

    Aakansha Sethi

    Jump to

    • FY14 fiscal deficit expected to be lower than 4.8% target

    • Probe won't bar applicants from getting bank licence: Takru

    • Here's how FinMin aims to meet its 4.8% fiscal deficit goal

    • QFIs may soon be exempted from withholding tax on cap gains

    • FinMin likley to cut expenditure by 19%

    • FM reaches out to Opposition on Insurance Bill

    • FinMin, RBI panel discuss 49% cap on FII investment

    • FinMin keen to bring NDF market under its ambit

    • Decision on NMDC buyback likely by next week: Sources

      None of the companies that have been scheduled, for instance Coal India, Indian Oil are willing to go ahead with OFSs and hence the government is relying on buybacks in NHPC, NMDC as well as Coal India

    • FM meets PSUs; discuss dividends, FY14 capex plans

      PSUs are slated to invest about Rs 1.4 lakh crore as capex in this fiscal. The target for the first half of the fiscal is about Rs 50,000 crore and sources in the Finance Ministry say that of this, about 96 percent has already been invested. So, PSU capex targets are on track.

    • Vodafone tax issues to continue; solution likely post polls

      Sources in the Finance Ministry have indicated that a resolution of the Vodafone tax case will now happen only after the elections with the new government because Vodafone is now insisting that the transfer pricing Rs 8,500 crore case be resolved along with the capital gains case.

    • Setback to I-T department, HC rules in Cairn's favour

      High Court says that because of rupee fluctuation indexation is built in and hence foreign investors need to pay only a 10 percent capital gains, which is lower tax rate.

    • Is Satyam-style takeover of NSEL possible?

      The Arvind Mayaram Panel has given various options for different investigatng agencies and has asked the Ministry of Corporate Affairs (MCA) to examine if the government‘s takeover could be a possible route.

    • Diesel export pricing parity likely; FinMin supports move

      The Kirit Parekh panel may recommend an export parity pricing (EPP) for diesel. However, it has rejected the proposal for EPP on kerosene and liquefied petroleum gas (LPG).

    • Check out: Who will be the next Chief Economic Advisor

      The post of the Chief Economic Advisor is as powerful as its occupant. Raghuram Rajan for instance was part of the inner power circle in the Finance Ministry that steers economic policy. With him moving out in a year, the government is on the look out once again.

    • No extra amount needed in FY14 for food subsidy: Sources

      CNBC-TV18's Aakansha Sethi reports why North Block is confident that the food subsidy bill will not go up.

    • Diesel price hike likely to contribute Rs 30,000 cr in FY14

      According to CNBC-TV18‘s Aakansha Sethi, the additional petroleum subsidy is likely at Rs 30,000 crore in FY14. Diesel price hikes will contribute Rs 30,000 crore in FY14 and this diesel price hike is likely after the Parliament's session and the food and petroleum subsidy can be financed by cuts in expenditure which is also a very critical line.

    • Hind Zinc, Balco stake sale may ease govt's fiscal burden

      Accoding to sources in the finance ministry, there is enough leeway in the Budget to manage the Rs 40,000-50,000 crore fiscal deficit stress. The government may fetch Rs 25,000 crore from Hindustan Zinc, Bharat Aluminium Company (BALCO) stake sale instead of Rs 14,000 crore.

    • FinMin may hike ECB limit, import duty on luxury goods

      CNBC-TV18‘s Aakansha Sethi reports that the finance ministry is considering several measures like a hike in external commercial borrowing (ECB) limits and hike import duty of luxury items to curb rupee slide.

    • FinMin draws up plan to shore up forex to insulate economy

      The finance ministry is working on various measures to raise forex to insulate the economy from any outflows that may result due to tapering of the US QE. It is confident of financing the CAD via these measures, CNBC-TV18‘s Aakansha Sethi reports.

    • Transfer pricing: MNCs receive I-T notices

      Transfer pricing adjustments have soard across the cities in India with Mumbai leading the pack. Close to Rs 70,000 crore was collected in 2012-2013. A lot of multinational companies (MNCs) have received notices from the income tax department.

    • Govt to legalise put & call options with prospective effect

      Government may soon legalise put and call options with prospective effect, sources have told CNBC-TV18's Aakansha Sethi. The decision was taken as the government felt that a retrospective effect would have weakened its case against Hindustan Zinc and Balco.

    • Govt to keep CAD in control by lower gold imports

      More measures to curb imports are likely to be implemented. Measures include banning sale of gold coins by banks and reviewing the gold import export policy.

    • Cabinet to decide Vodafone tax issue on June 4

      The Cabinet will be discussing the Vodafone taxation issue on June 4. A partial interest waiver too is on the cabinet note's agenda.

    • FM gains consensus on definition of control in FDI policy

      The finance and commerce Minister have sorted their differences on the conflicting definition of foreign direct investment (FDI) in the regulation and the proposed Companies Bill and Sebi regulations.

    Advisory Alert:

    It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347