TP - Corporate guarantee commission should be worked out at 0.50% of average amount of loan outstanding from AEs: ITAT (See 'TOG Latest')I-T - Unit specific R & D expenditure can be excluded for apportionment of expenses against units enjoying benefit u/s 80IB & 80IC: ITAT (See 'TOG Latest')Customs - DC Motor of e-bike is classifiable under tariff item 85013119 & Revenue cannot initiate proceedings without contesting adjudication order attaining finality: CESTAT (See 'TOG Latest')Central Excise - Duty demand for alleged clandestine removal of goods cannot be raised without producing any corroborative evidence: CESTAT (See 'TOG Latest')Lt Gen (Retd.) DS Hooda likely to become next Governor of J&K (See 'TOG News')Shillong selected as 100th Smart CityArvind Subramanian quits as Chief Economic Advisor, FM accepts resignationIndia set to become most productively efficient nation: Kant (See 'TOG News')Prabhu launches National Strategy for standardisation of products (See 'TOG News')GST: A Frightening but Fascinating Future world…! – Part II (See 'TOG INSIGHT')President Kovind approves imposing Governor's Rule in J&KTP - Routine captive service provider cannot be compared to entity providing liaison services, in garb of broad functionality, by adopting TNMM method of benchmarking: ITAT (See 'TOG Latest')I-T - Provisions of notification mandating assessees to file all appeals before first appellate authority electronically should not be strictly applied during transition period: ITAT (See 'TOG Latest')Central Excise - Remanding an issue for re-verification serves no purpose after a 20-year gap considering the difficulty in tracing witnesses for cross-examination: CESTAT (See 'TOG Latest')Service Tax - Exemption from service tax is available on services provided in a Special Economic Zone: CESTAT (See 'TOG Latest')
Tax on Go
Budget 2015
Click the banner to download Documents
HOME       GST     INDIRECT TAX     INCOME TAX     DTAA     TP     MIXED BAG     LIBRARY    

TOG NEWS

Ministerial group on Air India yet to hold meeting on its disinvestment, says Gadkari
By TOG News Service
Jul 13, 2017

TOG News Service, New Delhi, July 13, 2017: As part of efforts to revive the loss-making airline, the Cabinet last month gave its in-principle approval for considering strategic disinvestment of Air India and five of its subsidiaries. A group of ministers, headed by Finance Minister Mr. Arun Jaitley, has been set up to look into various aspects of Air India disinvestment.

The group of ministries set up to decide on the modalities for Air India disinvestment is yet to hold its first meeting, panel member and Union Minister Mr. Nitin Gadkari said on Wednesday.

Air India has a debt burden of more than Rs 52,000 crore. A few players have evinced interest in the debt-laden national carrier. The group would look into the treatment of unsustainable debts of the national carrier, hiving off certain assets to a shell company and de-merger and strategic disinvestment of three profit-making subsidiaries, among others.

It is surviving on little over Rs 30,000 crore bailout package extended by the previous UPA government.