News digest: BJP national executive meet, Air India sale, and more

From Long flight path for Air India sale to I-T dept seeks explanation for deferring advance tax payment, BS brings you up to speed with latest

I-T self-assessment filings under lens
The income-tax (I-T) department is suspecting that taxpayers are understating their advance tax liabilities under self-assessment in the early quarters of the year and showing them as tax on additional income or windfall gains at the end of the financial year. Read More

 
Govt now asks departments to fast-track budgeted spend; stimulus can wait
A day before Prime Minister (PM) Narendra Modi’s much-awaited announcement, to be telecast live, a top government source indicated that the focus was on fast-tracking the budgeted expenditure of ministries and departments rather than on a stimulus package to lift the economy. Read More

 
Air India disinvestment hits air pocket owing to lack of bidders
Last week Union Finance Minister Arun Jaitley, who heads the ministerial group on the disinvestment of Air India, said the process was moving “quite well” and the government would soon appoint a transaction advisor. Read More

 
Rupee to depreciate but not in a hurry: BS poll
The recent sharp movement in the rupee-dollar exchange rate has come as a surprise to many importers, who were of the view that the local currency would continue to strengthen. Read More

 
Rajiv Sabharwal to be Tata Capital CEO
The $103-billion Tata group has selected Rajiv Sabharwal to be the chief executive officer of Tata Capital and head the group’s retail financial services foray, said sources in the Tata group. Sabharwal, currently a partner with PE firm True North Managers, has over 26 years’ experience in the financial sector and was executive director on ICICI Bank’s board till January 2017. Read More