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Govt appoints Ashok Gulati, Rajiv Kumar on RBI central board

After a long hiatus, the government today appointed three directors on the all-powerful central board of RBI, which include two noted economists Ashok Gulati and Rajiv Kumar, for four years.

The Planning Commission wants you to start up

The country's entrepreneurship ecosystem urgently needs a push to help it grow to attain even a fraction of its complete potential. A recent Planning Commission report may help in doing just that

Govt to lose Rs 24,000cr on petro duty cuts in FY12: FinMin

Pegging the losses on account of duty cuts on petroleum goods at Rs 24,000 crore in 2011-12, the Finance Ministry today said it would take steps to restrict fiscal deficit to 4.6% of the GDP.

Fiscal deficit definitely under stress: Fin Secy

Finance Secretary, Sunil Mitra played down the fears, and said the government had the wherewithal to mobilise additional funds to counter any rise in the deficit, reports CNBC-TV18.

DEPB scheme set to get short extension: Govt sources

CNBC-TV18 learns that the duty entitlement passbook scheme (DEPB), which was to end on June 30, has got an extension, reports Siddarth Zarabi.

Sunil Mitra sees India's economic growth at 8.5%

The government has appointed Sunil Mitra, revenue secretary in the finance ministry, as the new finance secretary effective June 1. CNBC-TV18's Aakanksha Sethi caught up with him to discuss how the finance ministry is going to deal with the macroeconomic issues that have been hindering India’s growth since quite some time now.

Govt appoints Sunil Mitra as finance secretary: Sources

The government has appointed Sunil Mitra, revenue secretary in the finance ministry, as the new finance secretary effective June 1, two sources with direct knowledge of the matter told Reuters on Wednesday.

End to DEPB export tax break draws anger

The government said it will end a tax break for exporters because the USD 250 billion sector no longer needs it, drawing stinging criticism from manufacturers.

Govt decides to stop tax incentive scheme for exports

The government has decided to end a tax incentive scheme for exporters on June 30, the country's revenue secretary said on Wednesday, as the export industry in Asia's third-largest economy was doing well and needed no incentives.

Diesel price deregulation to depend on inflation: Mitra

The government on Tuesday said a decision to free diesel prices from government control will depend on the inflation situation.

Budget 2011: Pranab's core team explains the fineprint

In an interview with CNBC TV18, revenue secretary Sunil Mitra, secretary of economics affairs R Gopalan, S Dutt Majumder, Chairman, CBEC and Sudhir Chandra, Chairman, CBDT analysed the budget in detail.

FY11 tax-to-GDP ratio seen at 10.6%: Rev secy

Revenue secretary Sunil Mitra said on Monday he expects Asia's third-largest economy's tax-to-GDP ratio to be marginally lower at 10.6 % in the current fiscal year to March, from the budget estimate of 10.8% because of inflation.