Sapna Das

• Withholding tax cut for rupee-denominated bonds to apply for old investments

  Finance Ministry officials have told NDTV, the reduction in the rate of withholding tax will also apply to those rupee-denominated government securities (G-sec) and corporate bond investments, which the foreign institutional investors (FIIs) or the qualified foreign investors (QFIs) have transacted before June 1, 2013.

• India likely to return to 8% growth in two years: Mayaram

  In an exclusive interaction with NDTV, Economic Affairs Secretary Dr Arvind Mayaram has said that the Indian economy is on an upturn, and is expected to grow by at least 6 per cent, in the current financial year.

• Banks may ask for more collateral as gold prices drop: Finance Ministry

  "The banks would be looking at all the accounts to see if more security is required...they would probably call for that," said Rajiv Takru, secretary, Financial Services

• Tax case: Delhi High Court asks Nokia to appeal to Commissioner of Income-tax

  The High Court today directed Nokia to take their appeal to Commissioner of Income-tax (Appeals) [CIT(A)].

• Nokia tax demand case hearing on April 10: income tax officials

  The alleged tax-evasion case against Finnish mobile phone giant Nokia is due for hearing on April 10 at the Delhi High Court, senior income tax officials have confirmed to NDTV.

• Income of Rs 5 lakh or more per annum? e-returns now mandatory

  In an attempt to widen the use of technology for taxpayers, this year's Budget has made e-returns mandatory for taxpayers with an annual income of Rs 5 lakh or more.

• Cabinet to take decision on Vodafone tax issue: Chidambaram

  The Union Cabinet will take a decision on the Vodafone tax dispute issue, Finance Minister P Chidambaram has said. "Vodafone has written to us a letter of conciliation. We have replied that the matter will be dealt with by a competent authority and will go to the Cabinet ," Mr Chidambaram said on Wednesday.

• No date in sight yet for GST rollout

  P Chidambaram's meeting with state finance ministers in the Capital, failed to send any signal on a possible rollout date for goods and services tax (GST). Sources told NDTV Profit, the Finance Minister has indicated that all states will have to be on board for a successful rollout of GST. This means, states will also not have an option to walk out...

• Government likely to scale up divestment target to Rs 35,000 crore for FY14

  The Finance Ministry is likely to revise upwards its divestment target for the new financial year (FY14) to Rs 35,000 crore compared to Rs 30,000 crore for the current fiscal year.

• Finance Ministry's Rs 25,000 crore largesse could push oil firms into profit

  Indian Oil, Bharat Petroleum and Oil India have a reason to cheer just before they announce their third quarter results this week, courtesy the Finance Ministry.

• Vodafone management to meet government to settle tax issue

  The government has replied to Vodafone's request for settling the over Rs. 14,000 crore tax issue which arose following the UK telecom company's acquisition of Hong Kong-based Hutchison Whampoa's stake in 2007.

• Finance Ministry to seek Cabinet nod for PSU bank recapitalisation next week

  The Finance Minister is likely to seek the Cabinet's nod next week to infuse Rs 12,000 crore capital into public sector banks, including state-lender State Bank of India (SBI), for recapitalisation.

• Raghuram Rajan cautions against being 'overly influenced' by IIP

  The IIP for October grew at 8.2 per cent over the previous month, government data showed yesterday.

• Government may tweak sub-limits on debt investments

  The government has a $40 billion debt window for FIIs in government securities and corporate bonds, out of which $10 billion each for government securities and corporate bonds are short-term investment buckets, which are close to their quota limit.

• Chidambaram to table detailed review of economy during Winter Session

  Finance Minister P Chidambaram will present a detailed review of the economy in Parliament, most likely on the 12th or 13th of December.