The minister said the discussion is going on at the ministerial level in the GST Council into various aspects of online gaming, including taxation and regulation.
Discussions were under way in Downing Street over whether to scrap elements of the plan which caused turmoil in financial markets the moment it was announced by finance minister Kwasi Kwarteng three weeks ago, Sky News said, citing sources.
The move will bring respite to companies like Cairn Energy and Vodafone, and is expected to to end their long-standing legal dispute with the Indian government.
Nearly four years ago, a baby step was taken towards segregating the tax policy setting and administration roles. That bifurcation idea gathers dust, it seems.
Sales value of the unreported transactions was computed at Rs 99,000 crore, while value of the under-reported transactions exceed Rs 4 lakh crore
An attractive and stable tax policy is a sine quo non for economic growth which, in turn provides the much needed resources for poverty alleviation.
From a macro standpoint, retrospective taxation led to a massive loss of confidence in the area of certainty on tax policy, and had a negative impact over the past 2-3 years in the form of dampening the foreign investment/ overall business sentiment amongst MNCs operating in the country.
The Economic Survey released by the government offers two important cues on tax policy changes in Budget 2015, reports CNBC-TV18‘s Menaka Doshi.
Prime Minister Manmohan Singh today met top business leaders to address their concerns over the slowing economic growth, reports CNBC-18‘s Rituparna Bhuyan.
Jon Najarian's no wimp. He's taken his shots more than once during three decades playing the US stock and options markets and before that as a college football player. So he doesn't scare easily.
CNBC-TV18 reports that Prime Minister Manmohan Singh's tenure as finance minister is about holding back nearly all those decisions regarding GAAR announced in Budget 2012-13
Prime Minister Manmohan Singh will seek within the next two to three weeks to clear up confusion over tax policy that has rattled investor confidence in Asia's third-largest economy, a government official said on Thursday.
The rupee opened stronger on Thursday bolstered by Prime Minister Manmohan Singh's call to formulate an economic revival plan and boost investor sentiment.
Maharashtra state government's recent change in the tax policy has hit many industries including auto majors in a big way. And now it seems the Detroit of India is loosing its sheen, reports CNBC-TV18's Swati Khandelwal Jain.