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April 30, 2017 1:17 am

Says by 2030, no petrol or diesel car should be sold in India

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April 30, 2017 1:14 am

Advocates greater use of the Enforcement Directorate’s penalising powers

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April 29, 2017 9:15 pm

Jaitley said that ED needs to expeditiously use its penalising power for increased compliance.

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April 29, 2017 1:09 pm

Arun Jaitleyt said the revenue department and the ED have a key role to play to catch offenders.

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April 29, 2017 12:07 pm

According to Adhia, trade based money laundering is also getting prominent these days as was witnessed in the Rs 6,000-crore Bank of Baroda case.

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April 29, 2017 1:11 am

In the final stages of doing away with FIPB, finance minister tells India Inc.

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April 28, 2017 9:22 pm

The GST laws approved by Parliament have incorporated an anti-profiteering provision to ensure that the reduction of tax incidence is passed on to the consumers.

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April 28, 2017 8:09 pm

Maharashtra chief minister Devendra Fadnavis assured the delegation that his administration will provide all necessary assistance.

Act against illegal firecracker factories : Adityanath to officials Lucknow, Apr 29 (PTI) Taking note of an incident in Ghaziabad where five persons died in a fire yesterday, Uttar Pradesh Chief Minister Yogi Adityanath today directed the state officials to identify illegal firecracker factories and act against those operating them. Adityanath termed as "tragic", the incident which occurred in Ghaziabad district yesterday in which five persons were charred to death in a fire that broke out at a cracker godown. He directed all the district magistrates and superintendents of police to identify all illegal firecracker factories in the state and take stern action against those operating them. No factory should operate without a licence and it should be ascertained that those having the licence are operating as per norms, he told officials. "It should be ensured that, firecracker factories do not operate in populated areas," the CM said. Five persons died in a fire that broke out at a cracker godown yesterday afternoon in Farrukh Nagar village in Sahibabad in Ghaziabad district.
April 28, 2017 6:57 pm

The ministry also proposes to come out with the mid-year review of FTP, a few months ahead of the schedule, before the GST rollout

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April 28, 2017 5:39 pm

For listed fund flows to emerging markets, India is followed by Taiwan and Brazil.

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April 28, 2017 4:31 pm

In its 3-year draft action agenda, it has also stressed upon the need for reforms in taxation, agriculture and governance for accelerating all-round development of the country

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April 28, 2017 1:16 pm

They will not be "significantly different" from current levels, he said.

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April 28, 2017 12:05 pm

Bad loans, restructured debt and advances to companies that can't service their debt have risen to about 16.6 percent of total loans, government data show.

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April 28, 2017 7:57 am

Observing that India is the "fastest growing emerging market economy", Zhang said the IMF believes that India is going to continue to grow at a fast pace.

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April 28, 2017 2:49 am

Meanwhile, the income tax department found two chartered accountants facilitating illegal conversion of black money into white to the tune Rs 110 crore, government sources said.

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April 28, 2017 2:47 am

On the personal tax front, the report noted that only 3.65 crore of the population files income tax returns.

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April 28, 2017 2:16 am

Consumers can also request for their gold to be delivered at their homes in the form of minted coins or sell it back online to MMTC-PAMP.

Act against illegal firecracker factories : Adityanath to officials Lucknow, Apr 29 (PTI) Taking note of an incident in Ghaziabad where five persons died in a fire yesterday, Uttar Pradesh Chief Minister Yogi Adityanath today directed the state officials to identify illegal firecracker factories and act against those operating them. Adityanath termed as "tragic", the incident which occurred in Ghaziabad district yesterday in which five persons were charred to death in a fire that broke out at a cracker godown. He directed all the district magistrates and superintendents of police to identify all illegal firecracker factories in the state and take stern action against those operating them. No factory should operate without a licence and it should be ascertained that those having the licence are operating as per norms, he told officials. "It should be ensured that, firecracker factories do not operate in populated areas," the CM said. Five persons died in a fire that broke out at a cracker godown yesterday afternoon in Farrukh Nagar village in Sahibabad in Ghaziabad district.
April 27, 2017 6:49 pm

With Jharkhand being a producer state, concerns remained about the state losing out on revenue as the new system provides for tax being collected in the consumer state

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April 27, 2017 2:43 am

Patel had appeared before the House panel on January 18 and had faced a barrage of questions on the issue. He is scheduled to appear before it again on May 25.

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April 27, 2017 1:58 am

Finance minister Arun Jaitley also issued a statement saying, “I have read the paragraph in Niti Aayog report entitled ‘Income tax on agriculture income’. "

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April 27, 2017 1:09 am

Achievements under the government’s initiatives against black money, Operation Clean Money and the recently concluded PMGKY, will be discussed in the meeting, officials said.

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April 26, 2017 4:38 pm

India's public finances are notoriously precarious, with the International Monetary Fund estimating that tax revenues are equivalent to just 17.7 percent of gross domestic product

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April 26, 2017 2:15 am

Overall, the trust will be raising around Rs 5,035 crore as part of this first public offering which includes fresh issue of Rs 4,300 crore, offer for sale and over subscription.

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April 26, 2017 2:06 am

Addressing the GST Conclave organised by the Ministry of Finance, Adhia reiterated the July 1 deadline for GST rollout, asking industry to not remain complacent and complete their preparatory work in time.

April 25, 2017 4:48 pm

A GST compliance rating somewhat mirrors the credit score that CIBIL provides based on the credit history of a borrower.

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April 25, 2017 9:37 am

Farm loan waiver: Subramanian said actions like this pose a big challenge to the Centre's effort towards fiscal consolidation.

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April 24, 2017 5:54 pm

The reference rate of the rupee is 64.4757 against the US dollar and 69.9884 for the euro, as per the RBI.

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April 24, 2017 1:49 pm

India will be joining 160 countries that have a value-added tax, including Poland, Canada and Japan. At the top rate, India’s GST will be among the highest.

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April 24, 2017 9:28 am

Prime Minister Modi delivered the opening and closing remarks at the Niti Aayog’s Governing Council meeting, held at Rashtrapati Bhavan, which was attended by several chief ministers and Cabinet ministers.

April 24, 2017 2:03 am

Central and state expenditure expected to rise by `92 lakh cr to `130 lakh cr

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April 24, 2017 1:52 am

The MPs had expressed apprehension that some people could use the portal for making quick money thus causing loss of crores to the exchequer.

April 23, 2017 10:27 pm

Our base GDP is large. If we grow at an 8 per cent average rate for the next 15 years, our GDP will be Rs 469 lakh crore by 2030: Niti Aayog Vice Chairman

April 23, 2017 4:16 pm

Arvind Panagariya gave an outline of the draft action agenda circulated at the meeting. This had been prepared with inputs from the states.

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April 23, 2017 2:10 pm

The Prime Minister was delivering his opening remarks at the third meeting of the Governing Council of Niti Aayog.

FDI, Foreign Direct Investment, PMO, FDI India, india news
April 23, 2017 12:26 pm

The government wants these issues to be in place as it would help provide a conducive investment climate to investors.

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April 23, 2017 4:58 am

Expected after FM returns from his visit to the US and Russia later next week