Parthasarathi Shome

SBI Chief Arundhati frontrunner to replace Rajan as RBI governor

With Reserve Bank of India (RBI) Governor Raghuram Rajan unwilling to head the central bank for the second term, senior government officials say that State Bank of India (SBI) Chairperson Arundhati Bhattacharya is the frontrunner among the six contenders for the post.

Tax think tank to fill gaps in the Indian tax system: Shome

Dr Parthasarathi Shome identified the key areas of tax that need urgent policy attention and said tax priorities are simplifications of the company income tax, really streamlining incentives, so that the headline rate of the company income tax can be brought down.

Voda tax: Process that unfurled is complicated, says Shome

Speaking on the falling out of the Vodafone conciliation talks, he said it was not a matter of will or lack of will but it was a mater of the process.

Govt to reveal steps to encourage FII investments

FIIs want treatment at par with domestic institutional investors. Domestic institutional investors can use cash as well as securities as collateral whereas FIIs can use only cash as collateral.

Expect GST & DTC to be tabled in Winter session: Shome

Parthasarathi Shome said that the preparatory work on GST and DTC is complete and he expects them to be tabled in winter session of the Parliament.

Shome against retro amendment of tax laws to raise revenue

Parthasarathi Shome was replying to a question whether retrospective amendment in the tax laws has vitiated business environment in the country, particularly the one related to the tax dispute with the UK-based telecom giant Vodafone Group.

Retro tax significant disincentive to do biz: Damodaran

CNBC-TV18's Shereen Bhan caught up Damodaran to know more about the recommendations.

GST dispute resolution body to be set up: FM Advisor

The Parliamentary Standing Committee on GST had submitted its report on August 7 and dealt with a number of issues

FinMin keen on ironing out India Inc‘s tax woes: Shome

CNBC-TV18's Aakansha Sethi reports that advisor to the finance minister Parthasarathi Shome after meeting representatives of India Inc on Wednesday said that the finance minister was keen on ironing out India Inc‘s tax woes.

India should experiment with higher tax rates: Shome

The headline rate should be reduced so that the incentives can also be reduced, says Parthasarathi Shome, advisor to finance minister. Talking to CNBC-TV18, he says however, there has to be some broad understanding of revenue implications.

Up Close & Personal with Parthasarathi Shome

Parthasarathi Shome, Advisor to FM is no outsider to the finance ministry. In his first term during United Progressive Alliance (UPA-I), he along with Finance Minister (FM) P Chidambaram was the brain behind new taxes such as the commodities transaction tax (CTT) and the fringe benefit tax (FBT).

Revert to old draft not possible; DTC, GST by 2014: Shome

Last week Parthasarathi Shome, Advisor to the finance minister informed that the finance minister wants to place the â€˜DTC (direct tax code) Bill‘ in Parliament by the end of this Budget session in May. DTC is a major attempt to simplify the Income Tax (I-T) rules.

India needs good rating from international agencies: Shome

India needs good rating from global credit rating agencies to help bolster foreign capital flows into the country, Union Finance Ministry advisor Parthasarathi Shome said today.

Budget Analysis: TRC existed in circular, brought into Act now: Shome

Parthasarathi Shome, advisor to the Finance Minister, explains on CNBC-TV18 why the tax residency certificate issue should not spark off fears for foreign institutional investors again.

Steps being taken for early roll-out of GST: FinMin

The Finance Ministry today said work is in progress to rollout the new indirect tax regime GST as soon as possible, which will help remove the cascading effect of taxation and boost economic growth.

New direct tax code, hike in indirect taxes likely: Sources

Parthasarathi Shome, key member of the Finance Minister's budget team today hinted at a hike in indirect tax rates to 14% even as the Finance Ministry works on a new direct taxes code.

Shome committee recos on GAAR being examined: Govt

The government today said it is examining recommendations of the Shome committee which suggested postponement of the General Anti-Avoidance Rules by three years and non-application of tax laws with retrospective effect on indirect transfers of assets.

Prospective capital gains tax best way forward: Shome

The Parthasarathi Shome led panel has submitted its report on retrospective tax amendments. In an exclusive chat, Shome said the panel feels that prospective capital gains tax is the best way forward. He also added that some safeguards are necessary if the government decides to go for retrospective taxation.