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'Centre yet to address states' concerns over GST'
The Centre is yet to address the concerns of states on the proposed Goods and Services Tax (GST) regime, particularly those related to fiscal autonomy, Chairman of the Empowered Committee of State Finance Ministers Sushilkumar Modi said on Saturday. He also asserted GST would help increase India's gross domestic product by 1-1.5%, create further conducive atmosphere to do business in more easier way

Pranab reacts to revision in GDP growth
New Delhi, May 31 (IBNS) Following is the text of the statement made by Union Finance Minister Pranab Mukherjee on 'Revision in GDP Growth for 2011-12' and fourth quarter GDP estimates:

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Tight monetary policy behind slowdown: FM
New Delhi, May 31 (IBNS) A tight monetary policy has led to the slowdown in the economy, said Union Finance Minister Pranab Mukherjee on Thursday.

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Taxing philosophy

Finance Minister Pranab Mukherjee appears to have taken note of India Inc's howls of protest at the aggressive tax regime that was announced in his latest Budget via retrospective amendments to law

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FM responds to retrospective amendment
New Delhi, May 30 (IBNS) The Central Board of Direct Taxes (CBDT) has issued a circular on retrospective amendment, said Union Finance Minister Pranab Mukherjee on Wednesday.

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FM to inaugurate new Income Tax building
New Delhi, May 29 (IBNS) Union Finance Minister Pranab Mukherjee will inaugurate the biggest office building of the Income Tax Department in India on Wednesday.

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