New Delhi: Government has missed the overall revised tax collection target for both direct and indirect taxes by Rs 2,288 crore in the financial year 2014-15.“Gross Tax Collections at Rs 12,45,037 crore has shown a
New Delhi: Bettering its own financial targets, the government has contained the fiscal deficit at 4 per cent of GDP for 2014-15 at Rs 5,01,880 crore.The revenue deficit has also been confined to 2.8 per
NEW DELHI: Amid a rising number of frauds and loan defaults in banking system, the Prime Minister's Office has called a meeting of Finance Ministry officials on Thursday to firm up measures to tackle such
New Delhi: Finance Ministry today clarified that LPG subsidy received by individuals in their bank accounts will continue to be exempt from income tax. The clarification follows doubts being raised by tax experts over an
New Delhi: Finance Ministry today clarified that LPG subsidy received by individuals in their bank accounts will continue to be exempt from income tax. The clarification follows doubts being raised by tax experts over an
New Delhi: The Finance Ministry has called a meeting of public sector bank chiefs on April 28 for planning implementation of large projects, a release said here on Sunday.The meeting has been called in view
New Delhi: The Income Tax Department will carry out closer scrutiny of those tax statements wherein an assessee has disclosed that he or she holds bank accounts or any other assets abroad before the current
New Delhi: After scandalous leaks in different ministries of India, it seems that the NDA government has become over alert to avoid any mistake from their end. Government has advised Babu's from different ministries not to
New Delhi: The Reserve Bank of India (RBI) will aim to bring retail inflation below 6 per cent by January 2016 -- and to around four per cent by fiscal 2016-17, the government's monetary policy
New Delhi: To avoid rush of expenditure in the last quarter of the fiscal, the Finance Ministry has asked all government departments to cap spending in January-March quarter at 33 per cent of the total
New Delhi: The process of printing documents for the Budget 2015-16 began today with the ritual 'halwa ceremony', which was attended by Finance Minister Arun Jaitley in the North Block office.It has been a tradition
New Delhi: With an idea to facilitate manufacturing so that Indian firms create their own value chains, the centre is planning to set up a company to acquire land in CLMV (Cambodia, Laos, Myanmar and
New Delhi: Just fortnight before the Union Budget 2015-16, it is expected that Hybrid and electric vehicles may become cheaper. Government is considering a proposal to give incentives to manufacture of such vehicles.Pushing Narendra Modi's
The finance ministry in a statement on Wednesday said, India has urged the G-20 nations to put in place an effective mechanism to deal with negative spillovers of unconventional monetary policies pursued by advanced economies.India
New Delhi: Finance Ministry's Chief Economic Adviser, Arvind Subramanian on Thursday said the 25 basis points, or or 0.25 per cent, rate cut, indicates a shift in Reserve Bank of India's monetary policy stance.In a
New Delhi: Reserve Bank Governor Raghuram Rajan has hailed the government direction to state-run banks to act without fear or favour and ignore extraneous considerations in their commercial operations.It was a landmark decision, Rajan said,
New Delhi: Minister of State for Finance Jayant Sinha today said the government is committed to fiscal consolidation but hinted that it may not resort to massive expenditure cuts."We're very confident of our fiscal consolidation
New Delhi: The Finance Ministry has asked all public sector banks to submit capital raising plans following the Cabinet approval to reduction in government's stake in state-run lenders to 52 per cent."Banks have been asked
New Delhi: The Cabinet today approved the Constitution Amendment Bill on Goods and Services Tax (GST), clearing the way for its introduction in ongoing session of Parliament to bring about long-pending indirect tax reforms.The Bill
New Delhi: Coming to the rescue of the crisis-ridden budget airline SpiceJet, the Civil Aviation Ministry today said it may request Indian banks/financial institutions to extend loans of upto Rs 600 crore to the airline
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