National   

‘Reports on new tax baseless’

NEW DELHI: The Finance Ministry on Wednesday described media reports on certain new tax proposals to offset the under-recoveries of oil marketing companies (OMCs) on account of the surging global crude prices as “totally baseless” and “largely speculative.”

In an official statement, the Ministry said: “Attention of the Ministry of Finance has been drawn to the reports in a section of media following a routine meeting between the Minister of Petroleum and Natural Gas and the Finance Minister. The reports are largely speculative and in particular, reports about certain new tax proposals are totally baseless.”

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

‘Madrasa’ teacher detained by SIT
“Assigned police team will interrogate Talwar”
CPI, CPI(M) against oil price hike
Can PIOs approach Indian courts against verdict in U.S. ?
Congress to name candidates for Lok Sabha elections soon
Prize money up for IFFI best film
Fertilizer, power to get priority
Noida case: contempt plea against police
India one of our prime partner: Airbus
Revolt against Sushil Modi
Going from green to pink
‘Reports on new tax baseless’
Faith in judiciary vindicated, says Neelam Katara
Gas leak: Two Tata officials arrested
Congress sends 4-member team to Rajasthan
Will voters succumb to Telangana sentiment?
Lashkar-e-Taiba divisional commander killed
His mind was on family and IPL
Grit, determination saw him through the ordeal
Court invokes special powers to quash cases against U.S. citizens

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu