Sumit Bose

The government panel set up to review the working of FRBM Act has sought views of the Reserve Bank on the fiscal consolidation path and will submit its report next month.

Jalan panel on expenditure mgmt to submit report this month

The government had set up the Commission under former RBI Governor Bimal Jalan in August 2013 to suggest steps to reduce subsidies on food, fertiliser and oil and narrow the fiscal deficit.

Jalan panel on expense management to submit report by Dec

The government had set up the Commission under the former RBI Governor in August last year to suggest steps to reduce subsidies on food, fertiliser and oil and narrow the fiscal deficit.

Excl: How 'credible' is FY15 fiscal plan? Govt answers

In an exclusive panel discussion with CNBC-TV18's Shereen Bhan, Finance and Revenue Secretary Sumit Bose and Expenditure Secretary Ratan Watal discuss why the target should be achievable and why the government's fiscal consolidation plan is "credible".

FinMin asks tax officials to shore up realization

Finance Secretary Sumit Bose later told reporters that the customs duty collection grew 6.7 per cent in December.

FinMin confident of achieving 4.8% fiscal deficit target

"We will come out with the Revised Estimates. We are working towards our revenue targets. And we are very confident of meeting the fiscal deficit target," Finance Secretary Sumit Bose told reporters here. The fiscal deficit was 4.9 percent of GDP in 2012-13.

Govt won't extend service-tax amnesty scheme beyond Dec 31

The VCES was launched in a bid to provide service tax defaulters to pay up and tax authorities received about 40,000 applications totaling up to Rs 5,500 crore.

Centre's help sought to boost Goa economy after mining ban

The Goa Chamber of Commerce and Industry (GCCI) has requested the central government to make special provisions to give a boost to the state economy in the wake of ban on mining.

FinMin working on DTC Bill, may bring it in Winter session

While the Bill proposes to keep exemption limit at Rs 2 lakh for individual tax unchanged, it proposes to introduce a fourth slab of 35 percent tax rate for those with an annual income of over Rs 10 crore.

FY13 indirect tax collection exceeds target: Bose

The indirect tax collection for 2012-13 has exceeded the revised target of Rs 4.6 lakh crore, a top finance ministry official said on Friday. "We have exceeded the revised estimates in indirect tax," reveneue secretary Sumit Bose said at an interactive session with members of the Bengal Chamber in Kolkata.

Vodafone-Govt truce talks: Meeting 1 ends inconclusive

Vodafone and Government of India have initiated talks to bury the hatchet over the billion dollar tax dispute relating to the British firm's acquisition of Indian assets of Hutchison Whampoa. Both sides are keen on a settlement of the tax dispute.

Govt warns tough action against excise, service tax evaders

In a stern warning to evaders of excise, customs and service tax, the government asked them to either pay the dues or face penal action which could include arrest, prosecution and property attachment.

ONGC share sale likely in July: Official

A share sale in state-run explorer Oil & Natural Gas Corp is likely to be in July as expected, Divestment Secretary Sumit Bose told reporters on Thursday.

RINL, NBC likely to go public in FY12: Govt

The Union Cabinet is discussing proposals to take state-owned companies Rashtriya Ispat Nigam and National Buildings Construction public this fiscal, Sumit Bose, Secretary of Department of Disinvestment told Moneycontrol on the sidelines of a press briefing in Mumbai, Monday.

ONGC share sale likely in early July: Official

A share sale in state-run explorer Oil & Natural Gas Corp is likely in early July, a senior government official said on Monday.

To include ONGC, SAIL FPO proceeds in FY12: Divestment Secy

The Finance Minister, in his budget speech on Monday set the divestment target for financial year 2012 at Rs 40,000 crore. This, divestment secretary Sumit Bose says is realistic. "The proceeds of two of the largest follow-on public offer—SAIL and ONGC—will be accounted for in the next fiscal," he said.

SAIL follow-on issue to hit market in Feb

Steel Authority of India's follow-on public offering (FPO) will hit the market next month, the Disinvestment Secretary, Mr Sumit Bose, has said.