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In need of cash, India chases $117 bn in elusive back taxes

A series of announcements in recent weeks aims to streamline tax collection in a country where the tax-to-GDP ratio, at 16.6 percent, is among the lowest among emerging economies. Only about one in 18 earning individuals pays tax.
JSW Energy puts expansion on hold; eye on organic growth

Speaking to CNBC-TV18, Sajjan Jindal, MD, JSW Steel, said that JSW Energy has placed its expansion plans on hold and eyes organic growth.
I-T dept not to reopen cases prior to April 1, 2012: Pranab

Providing comfort to worried foreign investors, Finance Minister Pranab Mukherjee today said the Income Tax Department will not re-open cases where assessment proceedings had been finalised before April 1, 2012.

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Domestic Assets

In need of cash, India chases &#36;117 bn in elusive back taxes

JSW Energy puts expansion on hold; eye on organic growth

I-T dept not to reopen cases prior to April 1, 2012: Pranab

In need of cash, India chases $117 bn in elusive back taxes