In warning to tax dodgers, Finance Minister P Chidambaram on Sunday said that a huge amount of data is being mined to go after them and ruled out any amnesty scheme for defaulters. "No. In income tax there is no case for amnesty. Because now almost all returns are online except a small category which was exempt. We have a huge amount of data which is being mined. Therefore, there...
10:45 AM, Mar 04, 2013
Deputy Chairman of the Planning Commission Montek Singh Ahluwalia lauded P Chidambaram's suggested measures during the Budget speech on Thursday and said the Finance Minister cleared up many doubts in the mind of foreign investors that could invite more investments and boost economy. He also said that Chidambaram's efforts will be able to achieve fiscal deficit of 4.8 per cent by 2014. ...
09:51 PM, Mar 03, 2013
On this episode of The Week That Wasn't, Cyrus Broacha takes on the Union Budget 2013-14 presented by Union Finance Minister P Chidambaram in Parliament. ...
05:17 PM, Mar 03, 2013
India's first all-women bank will start operations from November this year through six branches spread across the length and breadth of the country, Finance Minister P Chidambaram said today. "It will be inaugurated in November. Initially we should start with at least one branch in each major region of this country, South, West, East, Centre, North and North-east. So that will mean immediately we should start with six branches," he...
02:12 PM, Mar 03, 2013
A number of non-legislative decisions covering customs, excise, service tax, insurance and banking to promote growth will be announced in Parliament before the passage of the Finance Bill. Disclosing this here today, Finance Minister P Chidambaram said that the budget presented by him on February 28 focussed on the legislative areas and the broad agenda. The government was now working on non-legislative decisions. ...
12:25 PM, Mar 03, 2013
Just hours after across-the-board spending cuts officially took effect, President Barack Obama pressed Congress on Saturday to work with him on a compromise to halt a fiscal crisis that threatens the economy and his broader domestic policy agenda. The failure by Obama and Republicans to agree to halt the $85 billion "sequester" cuts virtually guaranteed that fiscal issues would remain center stage in Washington for weeks, crowding out Obama's proposals...
10:53 AM, Mar 03, 2013
It is the first day of forced spending cuts after US President Barack Obama signed the order on Saturday. The result of a failed alternative by Congress and the White House and the blame game by all parties means the average American will be hard hit. ...
09:35 AM, Mar 03, 2013
Finance Minister P Chidambaram on Saturday said the revenue department will send tax notices to 35,000 assesses next week, beefing up efforts to reach the collection target for the fiscal. ...
03:46 AM, Mar 03, 2013
The episode also features a review of the Hyosung Aquila Pro. ...
11:16 PM, Mar 02, 2013
Just hours after across-the-board spending cuts officially took effect, President Barack Obama pressed Congress on Saturday to work with him on a compromise to halt a fiscal crisis he said was starting to "inflict pain" on communities across the United States. ...
08:01 PM, Mar 02, 2013
The ministry of Rural Development was allocated just Rs 5000 crore more than the Rs 74,000 crore in 2012. However, the big story in the rural development ministry is the inability to spend the allocated amount. ...
06:28 PM, Mar 02, 2013
Former Chief Justice of India JS Verma, who headed a panel that examined laws on crimes against women, on Saturday said in the absence of meaningful social change, measures like the proposed special bank for women were merely tokenism in quest for securing gender justice in the country. ...
05:51 PM, Mar 02, 2013
Deputy chairman of the Planning Commission Montek Singh Ahluwalia said he is hopeful that the much delayed Goods and Services Tax (GST) will be implemented across the country no later than next year while speaking to Karan Thapar on Devil's Advocate. ...
10:27 AM, Mar 02, 2013
Finance Minister P Chidambaram appealed to people not to buy so much gold as a way of reducing hefty imports, speaking on television a day after his 2013/14 budget surprised traders by keeping gold import duty unchanged at 6 per cent. ...
05:17 AM, Mar 02, 2013
Finance Minister P Chidambaram sought to ease concerns it was targeting double taxation treaties on Friday, saying a proposal that sparked alarm among foreign investors was clumsily worded. ...
04:10 AM, Mar 02, 2013
Alleging negligence towards Kerala in the rail budget, MPs from the state's ruling Congress-led UDF on Friday met Prime Minister Manmohan Singh and sought his intervention to get an improved budgetary allocation. ...
02:35 AM, Mar 02, 2013
The government has convened an all-party meeting on March 7 to iron out differences on issues relating to the ambitious land acquisition bill. Sources said the meeting has been convened by Parliamentary Affairs Minister Kamal Nath after several MPs including Basudev Acharya (CPI-M) raised objection about certain clauses in the bill including compensation package and rehabilitation. ...
09:50 PM, Mar 01, 2013
Finance Minister P Chidambaram on Friday said that the UPA will face 2014 General Elections on the plank of high growth and low inflation. Speaking to Shereen Bhan of CNBC TV18 in an exclusive interview, Chidambaram said that there isn't and never was a danger of rating downgrade for India. ...
06:49 PM, Mar 01, 2013
Is the Budget 2013-14 drafted, keeping the 2014 general elections in mind? IBN7's Managing Editor Ashutosh shared his perspective in an interaction with IBNLive readers. ...
06:17 PM, Mar 01, 2013
Is the Income Tax surcharge on the super-rich the right way? Meera Sanyal, Country Executive India, Royal Bank of Scotland Group (RBS Group), joined IBNLive readers for an interaction on the issue. ...
06:10 PM, Mar 01, 2013
