Sensex plunges 243 points to 13-month low as China concerns outweigh MAT relief

Last Updated: Wednesday, September 2, 2015, 17:43

The 50-share Nifty after recapturing the 7,800-mark in early trade to touch a high of 7,862.55, succumbed to selling pressure and cracked the 7,700-level to a low of 7,699.25 before settling at 68.85 points or 0.88 per cent lower at 7,717.00.

Govt accepts Shah panel report, says no retrospective tax on FIIs

Last Updated: Tuesday, September 1, 2015, 22:56

The government has decided to amend the Income Tax Act to clarify the issue with regard to levy of MAT on FIIs and in the meantime CBDT field officers will be asked not to pursue cases against FIIs.

No retrospective tax on FIIs; govt accepts Shah panel report

Last Updated: Tuesday, September 1, 2015, 20:21

In a big relief to FIIs, the government on Tuesday accepted recommendation of a high level panel that minimum alternate tax (MAT) should not be imposed on overseas portfolio investors retrospectively.

Govt accepts Shah Panel report, no retrospective tax on FIIs

Last Updated: Tuesday, September 1, 2015, 20:03

The government has accepted the Justice A P Shah panel report which recommends non-applicability of Minimum Alternate Tax (MAT) on FIIs, Finance Minister Arun Jaitley said on Tuesday.

Panel on coal linkage auction to meet this week

Last Updated: Wednesday, August 19, 2015, 15:30

The government is considering a policy for coal linkage auction and has sought comments from stakeholders on its draft auction methodology.

Comply with rules on funding schemes: Par panel to Finmin

Last Updated: Thursday, August 13, 2015, 22:24

A Parliamentary panel on Thursday asked the Finance Ministry to take "bold and innovative" steps to ensure compliance of financial rules with regard to funds allocated for various schemes.

Rajan favours removing RBI Guv veto power on deciding rates

Last Updated: Tuesday, August 4, 2015, 13:15

He further said that while the details of the monetary policy committee (MPC) will have to be ironed out, "there are no differences between RBI and the government" on this matter.

No difference with govt on monetary policy panel: Rajan

Last Updated: Tuesday, August 4, 2015, 11:42

Rajan said that veto power with RBI governor in proposed monetary policy panel will mean no change from current rate setting practice.

Ficci panel meets Jaitley, suggests measures to boost textiles

Last Updated: Saturday, August 1, 2015, 19:03

Representatives from a Ficci panel on Saturday met Finance Minister Arun Jaitley on issues related to the textiles sector and pitched increase in allocation of funds under Technology Upgradation Fund Scheme and interest subvention for exporters.

Capital infusion cannot be an endless ritual: House Panel

Last Updated: Friday, July 31, 2015, 21:56

Pulling up public sector banks, the Standing Committee on Finance on Friday said they should generate funds internally for their recapitalisation instead of depending on budgetary support as it cannot be an "endless ritual".

Govt says to consult on RBI on new monetary policy panel

Last Updated: Monday, July 27, 2015, 15:24

Sinha`s comments come days after the finance ministry published draft legislation that proposes to reduce the RBI`s influence in setting interest rates.

Govt says to consult on RBI on new monetary policy panel

Last Updated: Monday, July 27, 2015, 15:24

Sinha`s comments come days after the finance ministry published draft legislation that proposes to reduce the RBI`s influence in setting interest rates.