The model Goods and Services Tax (GST) law, finalised by the GST Council, provides for 1 per cent TCS to be deducted by the e-commerce operators.
Sources said the government is considering permitting foreign supermarket players to open retail stores but only for sale of 'Made in India' products.
They said the department will work on an 'exempted list for both goods and services' and fix majority of the items with high weightage in the CPI basket close to the current tax rate.
As of end-September, the banks' total stressed loans were Rs 8.97 lakh crore, according to data from the Reserve Bank of India.
To a query if the government has any proposal to replace the Income Tax with BTT, Minister of State for Finance Santosh Kumar Gangwar said: "There is no such proposal under consideration of the government at present."
Last month saw only one deal valued over $100 million, while in February 2016, there were five such deals.
The Rs 2,000 banknotes were introduced along with new Rs 500 currency following the withdrawal of old Rs 500 and Rs 1,000 notes from November 9, 2016.
The rest will be matched by savings of the ministries/departments or by enhanced receipts/recoveries aggregates.
With the final approvals, the legislative exercise stands complete and July 1 is the tentative date of GST's implementation, Arun Jaitley said.
The actual cess on demerit goods, which will help create a corpus for compensating states for any loss of revenue from GST implementation in the first five years, may be lower than the cap as the Council has kept a "little" headroom for future exigencies, Finance Minister Arun Jaitley said.
Besides, a clean-up by the government should not signal that errant borrowers can get away with defaulting on their loans, the veteran industry leader said.
The government had in June accepted the recommendation of Justice AK Mathur-headed Seventh Pay Commission in respect of the hike in basic pay and pension but its suggestions relating to allowances were referred to Ashok Lavasa committee.
PM Modi had on November 8 announced scrapping of old Rs 500 and Rs 1,000 notes, pulling out 86 per cent of the total currency in circulation.
The department had collected Rs 1.01 trillion in advance taxes from the city in the March quarter of last fiscal.
India, the world's third-largest steel producer, has also raised import tax on steel and set a floor price to protect local mills - a measure challenged by Japan.
The Union Cabinet had constituted a separate committee for suggesting measures for streamlining the implementation of National Pension System (NPS).
The approximate cost of printing each note of new Rs 500 is in the range of Rs 2.87 to Rs 3.09, and Rs 3.54 to Rs 3.77 for Rs 2,000, Minister of State for Finance Arjun Ram Meghwal said.
The 2017 state election results in India demonstrate broad-based popular support for the Indian government's policy agenda and will facilitate the implementation of further reforms, a credit positive for the sovereign, Moody's said.
The government mobilised Rs 3,060 crore from last five tranches.