The Finance Ministry has begun its maiden investigation into over 100 offshore "financial structuring deals" undertaken by Indian business entities in foreign tax havens to allegedly evade the taxman`s net.
Bihar CM Nitish Kumar on Friday night allocated portfolios to the ministers retaining Home, General Administration, Election, Vigilance and rest of the departments and giving his deputy Sushil Kumar Modi the charge of Finance.
A proposed institute to be set up
in the national capital in collaboration with UNESCO for
promotion of peace and sustainable development in the
subcontinent Monday got the approval of Finance Ministry.
If you can`t fix it, merge it. And if you still can`t fix it, demerge it. This seems to the government`s prescription for Air India and Indian Airlines which were merged in August 2007 despite widespread criticism.