Reports of a slowdown in customs and excise duties collections has prompted the Finance Ministry to press the panic button on direct taxes. Union Finance Minister P Chidambaram has asked income tax officers to get aggressive on tax collection after a fall in excise and customs collections. Ministry sources have informed Network18 that Revenue Secretary PV Bhide met Income Tax commissioners to discuss ways of increasing revenues from direct taxes.
He said he would do everything to help the industry tide over negative impacts.
http://www.ibnlive.com/news/indian-economy-doing-well-no-oil-price-cut-pm/77931-7.html
The PM has admitted that the global economic crisis is hurting India.
http://www.ibnlive.com/news/govt-forms-panel-on-economic-crisis-impact-on-india/77650-7.html
FM asked banks to reduce interest rates to bring in more liquidity.
http://www.ibnlive.com/news/loans-get-cheaper-psu-banks-cut-interest-rates/77588-7.html
Finance Secretary Arun Ramanathan on Wednesday met private bankers.
http://www.ibnlive.com/news/finance-secretary-meets-private-bankers-hopes-rate-cut/77523-7.html
P Chidambaram has urged PSU Banks to cut interest rates.
http://www.ibnlive.com/news/rbi-to-cut-rates-to-provide-cheaper-loans-to-public/77463-7.html
This effectively will means home loan and other consumer loans EMIs could soon cost less.
http://www.ibnlive.com/news/fm-meets-bankers-asks-for-interest-rate-cuts/77415-7.html
The report was strongly criticised by the government and trade bodies.
http://www.ibnlive.com/news/assocham-withdraws-report-forecasting-job-cuts/77188-7.html
FM said 7 per cent growth rate, was the lowest projection made.
http://www.ibnlive.com/news/govt-slams-assocham-for-job-loss-forecast/77148-3.html
Some ministers want a judicial probe into the killings of Rahul Raj and Dharamdev Rai.
http://www.ibnlive.com/news/allies-party-leaders-corner-pm-on-mns-menace/77128-3.html
Global economic crisis will negatively impact the fiscal and revenue deficit.
http://www.ibnlive.com/news/govt-admits-budget-deficit-targets-may-not-be-met/76490-7.html
Chidambaram says oil marketing companies are still making under recoveries.
http://www.ibnlive.com/news/chidambaram-rules-out-cut-in-fuel-prices/76395-7.html
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