Calling it the biggest litigant in the entire Government, Finance Minister Pranab Mukherjee today asked the Income Tax Department to reexamine the way it handles tax disputes.
Speaking at the 150th anniversary of the Income Tax in India, the Finance Minister also exuded confidence that direct tax collections, hit by the global financial crisis in the [...]

Bellary is on fast track, coming up one of the largest steel plant in Karnatka by the world’s largest steel maker ArcelorMittal.
NRI billionaire L N Mittal-led ArcelorMittal has paid Rs 600 crore to the Karnataka government for land in Bellary, state Chief Minister B S Yeddyurappa said here today.
“ArcelorMittal’s plant is to come up [...]

A perfect storm had hit the world, so, how can India be indifferent to it? The impact of the crisis is so vast that, even the Finance minister had to cancel his scheduled trip to Washington.
According to a spokesperson, the decision was made, so that, government could prepare to unleash some more measures and [...]

Effects of the global financial crisis have already precipitated at each and every corner of the world. Alarm bells had already ranged, when Bush administration was considering taking ownership stakes in certain US banks by passing $700 billion bailout as an option to deal with a severe global credit crisis.
If we take a look [...]