Showing posts with label Finance Ministry. Show all posts
Showing posts with label Finance Ministry. Show all posts

Wednesday, June 8, 2011

ED and Finance Ministry officials briefing JPC on 2G scam

Chief of Enforcement Directorate Arun Mathur and officials of the Finance Ministry are briefing the Joint Parliamentary Committee, JPC, on the ongoing investigations into the 2G scam today. Mathur, along with other senior officials of the Directorate and representatives of the Department of Revenue in the Finance Ministry, will also brief the JPC separately about the probe carried out in the spectrum scam which included obtaining the share holding patterns of various telecom firms from foreign shores like Mauritius and UK.

Govt to bring IT’s Intelligence, criminal investigation units under one umbrella

The Finance Ministry is bringing under one umbrella the intelligence and criminal investigation units of the Income Tax department to enhance prosecution powers to counter terror financing and check transactions that pose threat to national security. A top official in the ministry said in New Delhi on Wednesday, the department will now train and designate its officials in the rank of Inspectors as 'Special Agents' and 'Agents' (Criminal Investigation) while the newly-created Directorate of Criminal Investigation will be headed by the Director-General of Intelligence (Income Tax).

Saturday, May 7, 2011

Finance Ministry Initiates Public Debate on Negative list for Taxation of Services

Ministry of Finance has initiated a public debate on the issue of a negative list for taxation of services as announced by the Finance Minister, Shri Pranab Mukherjee in his Budget 2011. The text of the speech is as below:

Friday, April 22, 2011

No authentic figures' on black money deposits: Fin Min

As the tussle seeking disclosure of names of people who have stashed black money abroad continues in Supreme Court, the Finance Ministry says it has "no authentic figures" about the quantum of money deposited in Swiss banks. 

The Ministry also said that certain "references" have been received on the black money issue but declined to make the information public since it will "impede the process of investigation" as the case is being heard in the apex court.