"The tax reform is crucial for the economy and we are making every effort to build consensus," Parliamentary Affairs Minister Venkaiah Naidu told reporters on Tuesday.
The largest order approved was for 428 L-70 and ZU23 air defence guns worth around Rs 16,900 crore, the spokesman said after a meeting of the country's Defence Acquisition Council.
Finance Minister Arun Jaitley had said in his Budget speech that capital gains made by foreign investors from April 1, 2015 would be exempted from minimum alternative tax (MAT).
"The bill seeks to ensure accountability and transparency, which will in turn enable the real estate sector to access capital and financial markets essential for its long-term growth," the governm...
The new ordinance would renew an executive order that will lapse on April 5, and include some amendments added when the land bill was passed by the Lok Sabha in March.
The proposed land bill has been highly criticized and branded 'anti farmer' by the opposition. Thus, to get around political deadlock, govt is preparing a new ordinance.
The Bill now faces its real test in the Rajya Sabha, where the ruling Bharatiya Janata Party is in a minority and is dependent on Opposition parties to pass the legislation.
"The government will provide a subsidy of Rs 4,000 ($64) a tonne for exports of up to 1.4 million tonnes of raw sugar", a govt official said.
The sale of a stake in state-run Indian oil, could help the government raise more than US $1 billion towards its asset sale target of US $10 billion for FY15.
Earlier, the government used to hand over mining licences to firms without competitive bidding.
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