Ashok Lahiri News

There are seven candidates on a long list to replace Reserve Bank of India Governor Raghuram Rajan, a senior government official told Reuters on Saturday.

Government has extended by one year the tenure of a high level committee set up under former Chief Economic Advisor Ashok Lahiri to suggest steps to sort out taxation problem being faced by the trade and industry.

The high-level Justice Shah committee on levy of MAT on FIIs today met for the first time as it looked to expeditiously give its recommendations to resolve the contentious issue that has riled investors.

The Finance Ministry also said other tax issues would be also referred to the three-member committee in due course. Renowned chartered accountant Girish Ahuja is the third member of the panel, whose term is one year.

Former Chief Economic Adviser Ashok Lahiri named as a member of Justice A P Shah Committee that will look into MAT dues on FIIs.

The Finance Ministry Wednesday set up a high level committee to interact with trade and industry on tax related issues on regular basis and ascertain areas where clarity in tax laws is required.