Aanchal Magazine

Employment had increased by over 1.34 lakh in July-September 2015, had declined by 43,000 in April-June and risen by 64,000 in January-March.

As on March 1, 2016, the Mahindra Group had constructed 1,171 toilets while Tata Consultancy Services had completed 1,509 toilets.

Govt group to review Panama Papers holds first meeting.

The proposed committee will look into whether fiscal expansion or contraction should be aligned with credit contraction or expansion in the economy.

The progress of DBT implementation will be monitored through e-Samiksha portal of the Cabinet Secretariat.

Revenue Secretary Hasmukh Adhia has sent a terse missive to the Central Board of Direct Taxes chairman Atulesh Jindal seeking an explanation for a likely shortfall in direct tax collections in 2015-16. This comes after the government had sharply lowered its direct tax target for 2015-16 by Rs 45,974 crore in the Union Budget last […]

Despite the government sticking to its fiscal deficit target of 3.5 per cent and maintaining the gross borrowing at Rs 6 lakh crore for the next financial year, interest payments on public debt are estimated to rise in 2016-17.

The net borrowing has been targeted at Rs 4.25 lakh crore for the next financial year.

Bond will be issued by electricity distribution companies as non-SLR grade.

The Centre has decided to lower the maximum penalty rates to reduce the high rate of tax litigation, but experts feel that discretion of assessing officer is one of the important areas that go unattended.

Revenue Secretary Hasmukh Adhia said levy of cesses will be sparingly done after the goods and services tax (GST) is rolled out.

In his Budget speech on Monday, Finance Minister Arun Jaitley said GAAR will be implemented from April 1, 2017.

Niti Aayog has been given the responsibility of identifying state-owned companies for stake sales.

The reduction in corporate tax rate has to be calibrated, Jaitley said, adding that the benefits from phasing out of exemptions are available to government only gradually.

The window under this Income Disclosure Scheme will be opened from June 1 to Sept 30, 2016.

Over half of disinvestment target for 2016-17 is estimated to come from minority stake sales of PSUs

The Centre is set to introduce the Aadhar Bill in Parliament over the next couple of days to give the platform a statutory backing.

A market expert said that the meeting could be linked to a possible rise in the fiscal deficit numbers as foreign institutional investors have turned nervous over the last few trading sessions.

Though the basic rate of corporate tax is 30 per cent, the effective rate is lower at around 23 per cent because of incentives for taxpayers.

The upcoming Budget is likely to feature an announcement on rolling out the system across all states by the next financial year.

Lack of clarity on ironing out hurdles in acquiring right-of-way is a major glitch in Centre’s broadband connectivity programme.

SU-UTI currently holds 11.66 per cent in Axis Bank, 11.27 per cent in ITC Ltd and 8.18 per cent in L&T.

Suggestions include raising TDS threshold, halving its rate to 5% and eliminating officer’s discretion with regard to treatment of capital gains on share’ trading.

However, the final approval for projects such as Google’s Loon and Microsoft’s White Spaces would be subject to these projects being deemed as consistent with India’s broader security requirements.