The Finance Ministry is of the opinion that Vodafone might drag its tax dispute to court.

The government managed to raise revenues by sending notices to high net individuals to did not file I-T returns last year.

It would be fair to say that markets are coming to the end of a down-cycle and are at the cusp of the next up-cycle.

To help compare numbers better, FinMin might retain the interim Budget Estimates with the new ones.

Details of identity and residence will not be required for exchange of notes between April 1 and June 30.

To check fiscal deficit, government needs to drastically cut Plan expenditure.

The fourth finance ministerial meeting, to be held in New Delhi, will have Finance Minister P Chidambaram from the Indian side and Hyun Oh-seok, Deputy Prime Minister and minister of strategy and finance, from South Korea.

Common return for excise duty and service tax was envisaged when 119 services were taxed.

Years of wait before DTC, GST are rolled out

Having faced a debacle in four Assembly elections recently, the UPA government is exploring ways to woo voters before the coming general elections - without deviating from the path of fiscal consolidation.

The term of the last chairman of the pension regulator, Yogesh Agarwal, was cut short by the finance ministry in November.

The proposal to levy a 'super-rich' tax, at the rate of 35 per cent, on those earning more than Rs 10 crore a year might not receive support of the Union Cabinet.

Apart from the much-reported constitutional and political hurdles on a national Goods and Services Tax (GST), there is another basic one. Barely half of dealers in the country have a Permanent Account Number (PAN) from the tax department.

Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.