New Delhi: In a setback to the Centre, states on Thursday rejected the draft goods and services tax (GST) Bill saying it does not address their concerns, particularly on entry tax and taxation of petroleum
New Delhi: The government on Wednesday approved setting up of six new Debt Recovery Tribunals (DRTs) to expedite cases pertaining to bad loans.The Cabinet has cleared setting up DRTs in Chandigarh, Bengaluru, Ernakulam, Dehradun, Siliguri
New Delhi: Any revision in gold import duty is unlikely to take place before the Budget and there is no proposal as of now to reduce the 10 per cent duty, a Finance Ministry official
New Delhi: The Finance Ministry expects the economy to record a growth rate of 5.4-5.9 per cent this year as it said 5.3 per cent second-quarter GDP expansion is on expected lines."The growth in the
New Delhi: The Special Investigation Team (SIT), probing black money, will submit its second report to the Supreme Court by month end, the Rajya Sabha was informed today.SIT, constituted by the government on Supreme Court
New Delhi: The Finance Ministry will start the budgetary exercise from today with the Expenditure Secretary meeting various ministries starting with Law and Justice and Information & Broadcasting.The ministry will finalise the revised estimates for
New Delhi: The Finance Ministry has called a meeting of the heads of banks on November 5 to review the progress of the Pradhan Mantri Jan Dhan Yojana, government's flagship financial inclusion programme.Department of Financial
New Delhi: The Finance Ministry has launched a dedicated website for Pradhan Mantri Jan Dhan Yojana, government's flagship financial inclusion programme, to help people open bank accounts."The website will provide an easy access to information
New Delhi: Government will make public names of only those people against whom there is a prosecutable case in connection with tax evasion through offshore accounts, Finance Minister Arun Jaitley said on Monday, amid the
New Delhi: Government is likely to unveil the structure of the new official think tank that would replace the Planning Commission before the forthcoming winter session of Parliament in November."The government may form the new
New Delhi: The Finance Ministry has cleared 20 FDI proposals including 6 in the pharma sector envisaging a total inflow of Rs 988.3 crore.The proposals of Fresenius Kabi Oncology for Rs 119 crore and Amneal
New Delhi: In a surprise development, Finance Secretary Arvind Mayaram has been shunted out of the Finance Ministry and given a low profile Ministry of Tourism.In orders issued on Wednesday, Mayaram, a 1978-batch IAS officer
New Delhi: Finance Ministry exuded confidence that the target of opening 7.5 crore bank accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) would be met by December-end."One thing I would like to say that
New Delhi: No decision has been taken on the suggestion of the UPA government-appointed Shunglu Committee to make CAG a multi-member body, the Finance Ministry has said.The high-level committee, headed by former CAG VK Shunglu,
New Delhi: As part of the green initiative and to cut down on cost, the Finance Ministry has asked government departments to curb use of paper and promote electronic communication. Issuing a set of instructions to
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
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