With corporate tax exemptions set to come under close scrutiny, the finance ministry is likely to review the structure of the minimum alternate tax in Budget 2007-08...
As part of its plans to woo more private companies into the container business, the railway ministry has asked Central Board of Excise and Customs (CBEC) to rethink the policy on levying service tax on rail container freight.
The finance ministry is planning to crack the whip on ministries and government departments that do not spend their annual budgetary allocation evenly through the financial year.
After the National Highways Authority of India, the shipping ministry also feels it can do without the public-private partnership appraisal committee in the finance ministry.
The country’s ambitious NHDP has hit a dead end. Half the fiscal has passed and the National Highway Authority of India has not awarded a single project.
