Government to collect Rs 20,000 crore from Vodafone in tax dues, talks fail

The finance ministry has, in a Cabinet note, detailed its plan to withdraw from the conciliation process with Vodafone, which was initiated last year. The law ministry has reportedly concurred. "The I-T department may proceed as per the provisions of the Income Tax Act to collect the outstanding demand from the company," the law ministry has reportedly said in its comment on the new Cabinet note. The note will now  go to...