India is all set to roll out the largest indirect tax reform since the introduction of the value-added tax in 2005.
Jaitley has also promised Rs 11,000 crore to states this fiscal as partial compensation for the phase-out of the central sales tax.
At present, states are given 32 per cent of Central taxes, in line with the recommendation of the Thirteenth Finance Commission.
Concerns mount over ability to meet over R60,000 cr target in FY15
Limited benefits: One account holder per family can avail health cover
Prime Minister Narendra Modi’s initiatives such as the Jan Dhan Scheme and Swachh Bharat Abhiyan must be followed up by second round intervention to make them beneficial.
Commission looking into minimisation of subsidies.
The issue is expected to be discussed at a meeting of the Central Board of Trustees of the Employees’ Provident Fund Organisation (EPFO) on December 19.
The Select Committee on the Insurance Laws (Amendment) Bill has recommended that the issue of Indian ownership and “control” be clearly defined in the Act.
Insurance and provident funds urged to invest in bonds of HFCs.
The government’s disinvestment programme kicked-off last week with the selling of its 5 per cent stake in the steel-maker SAIL.
PM Modi described the meeting as 'fruitful' saying that all Chief Ministers had offered significant suggestions.
The interest rate on PPF is higher at 8.7 per cent compared to bank deposits and most other small savings products, he pointed out.
India is now the largest recipient of ODA from Japan that has been extending bilateral loans since 1958.
India will then designate the president, who will be formally ratified by the member nations and then appointed.
This is the latest in a series of measures by the government to cut down foreign travel by officials and ministers.
Finance ministry had last month re-imposed an austerity drive and called for a 10% cut in non-plan spending.
The Plan finance division in the department of expenditure has been filling in for the Planning Commission whenever required.
Dattatreya told Lok Sabha the Centre had “no objection” to other amendments by the state.
Dattatreya also informed Lok Sabha that these provisions were likely to be opposed by trade unions.
The committee scrutinising the Bill received an extension until Dec 12. SURABHI recalls key stages in the Bill’s journey in Parliament.
The third and fourth quarters numbers are likely to be better.
At present, none of the bank account holders under the PMJDY have OD facility.
Widely popular in the 90s, THE SCHEME CAN be used as security and be pledged for availing loans.
Sectorally, bad loans in small and medium industries saw a sharp jump at 7.18 per cent in September 2014.
Black money stashed abroad is an indicator that economies need to make their financial systems safer.
The report has also underlined that India's public deficit and debt are high compared to other emerging economies.
The Bill, which seeks to redefine the definition of a factory, was seen as one of the first concrete reform measures taken by the government.
Underlining skill development and improving employability of labour as his key priorities, newly appointed minister of state (independent charge) for labour Bandaru Dattatreya said that he will especially focus on the unorganised sector workers.
Government to wait for states to follow Rajasthan.
Naqvi has been appointed as minister of state for minority affairs and Parliamentary affairs, Nadda is the Cabinet minister for health and family welfare.
The Cabinet Secretariat had, through a notification on July 31, finalised the work allocation for the ministry.
Growth, curbing deficit & definite time frame on Goods and Services Tax.
Modi is scheduled to attend the two day G-0 Summit where heads of states of the grouping will finalise the Brisbane Action Plan.
The G20 Summit is scheduled to be held on November 15-16 in Brisbane where heads of states of all members of the grouping will finalise the Brisbane Action Plan.
As many as 1,82,000 jobs were created in these eight sectors including textiles, IT and automobiles during April to June 2014.