New Delhi: In its effort to unearth black money stashed away abroad, India has received data on over24,000 instances of alleged tax evasion and dubious funds which has been detected in foreign shores in the
New Delhi: Seeking to boost household savings, the Finance Ministry is considering doubling the exemption limit for investments by individuals in financial instruments to Rs 2 lakh.Presently the investments and expenditures up to a combined
Srinagar: Finance Minister Arun Jaitley today said fiscal disciplining is required to put the economy of the country back on tracks as India has witnessed two successive years of sub-five per cent growth. “At this
New Delhi: Days ahead of the Union Budget, the government today replaced Revenue Secretary Rajiv Takru with Shantikanta Das.This is the first high-level bureaucratic rejig in the Finance Ministry since the Narendra Modi-led government took
New Delhi: Finance Minister Arun Jaitley today described the economic situation as challenging even as India Inc pressed for tax concessions and bold reforms to reignite the investment cycle and promote growth. In over two
New Delhi: The Finance Ministry today said it has to be watchful of the Current Account Deficit (CAD) as well as the rupee because global markets are still volatile. As per the latest data, India's CAD
New Delhi: Allaying fears that the withdrawal of fiscal stimulus programme in the US will impact foreign investments into India, a Finance Ministry report has said the country is an attractive destination on its own
New Delhi: The CBI Tuesday arrested a finance ministry director for demanding Rs.35 lakh bribe from a Chennai-based man to regularize the irregularities in a nursing college being run by him.A. Paramasivan was arrested from
New Delhi: In a last-ditch effort to meet revenue targets, the Income-Tax Department will be sending out letters to 23 lakh assessees who have not filed returns.“We have identified 23 lakh people who have invested
New Delhi: Finance Ministry has in-principle agreed to a proposal to allow Reliance Industries to raise gas prices from April provided it gives a bank guarantee to cover for liability in case gas hoarding charges
New Delhi: Finance Minister P Chidambaram has asked UK-based Vodafone Group, which is facing a taxliability of over Rs. 11,200 crore in India, to give its view on the long-pending matter in writing, a senior
New Delhi: Unfazed by threats of closure of Nokia's Chennai plant, a top Finance Ministry official today asserted that the Finnish company, which is being acquired by Microsoft, will have to clear a total tax
New Delhi: Government today sanctioned Rs 17,772 crore cash subsidy to fuel retailers like IOC to cover for half of the revenues they lost on selling diesel and cooking fuels below cost in the September
New Delhi: Oil Minister M Veerappa Moily has asked the Finance Ministry to cut duties on branded petrol and diesel that offer better mileage and help cut fuel consumption.Currently, the Finance Ministry levies higher excise
New Delhi: Finance Minister P Chidambaram today exuded confidence that India's current account deficit(CAD) will be contained below USD 60 billion this financial year as against an earlier estimate of USD 70 billion.“We think we
New Delhi: The Finance Ministry has asked all profit-making oil PSUs to pay a minimum 30 per cent dividend in the current financial year. Presently, all profit-making central public sector undertakings ( CPSU) are required
New Delhi: As government looks at ways to analyse huge amounts data available on corporate as well as individuals to increase tax collections by studying various parameters like spending patterns, IT companies expect strong growth
New Delhi: The government will meet the fiscal deficit target of 4.8 percent of GDP for the current financial year, a top Finance Ministry official said on Thursday."We will meet the fiscal deficit target for
New Delhi: The government will soon introduce inflation-based certificate to provide some cover to households from impact of inflation, a senior Finance Ministry official has said."Government of India is very soon coming-up with inflation based
New Delhi: Concerned over defaults by big borrowers, Finance Minister P Chidambaram today said the government is monitoring the top 30 NPA accounts in each PSU bank and asked the lenders to set up separate
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