August 11, 2013 by apicomely
Ahead of data, French finance minister declares recession over, but stays cautious on growth
Its hard to imagine a change of the Finance Minister at this moment. I wouldnt expect that. The zloty pared gains, trading less than 0.1 percent stronger on the day at 4.1913 against the euro at 2:54 p.m. in Warsaw. The yields on the governments two-year bonds rose two basis points, or 0.02 percentage point, to 2.95 percent, rising for a sixth day. Warsaws WIG stock index was little changed.
Finance ministry works overtime to firm up steps to arrest rupee fall
Frances gross domestic product shrank by 0.2 percent for the past two quarters the technical definition for a recession and data for the second quarter of the year wont be published until Aug. 14. But Pierre Moscovici told Corse Matin newspaper in an interview published Saturday that the recession is over, without revealing the second-quarter figures. More business news
The Directorate General of Central Excise Intelligence (DGCEI) and Directorate General of Revenue Intelligence (DGRI), two leading agencies under the Central Board of Excise and Custom (CBEC), have together detected indirect tax evasion of at least Rs 750 crore, according to an official document. These agencies, which are part of the Virtual Office programme, detected the evasion after following up the leads in form of Suspicious Transaction Reports (STRs) passed on to them by Financial Intelligence Unit (FIU), an agency tasked with analysing and disseminating information relating to dubious financial exchanges. Both DGCEI and DGRI have also effected a recovery of Rs 46.71 crore, on the basis of the STRs generated by the FIU, through Virtual Office. The CBDT has seized assets worth Rs 21 crore, the document said.
Finance Ministry detects over Rs 2,150 crore in tax evasion
Inboxer Member Members are registered users on Timesofindia.com. Only they are qualified to earn badges and points for their activities. So register and get a badge right away! Member Grow your network; get people to follow you to earn the Networker badge on Timesofindia.com. Remember to add both your ids to get the badge!