Anuradha Shukla

Government may increase penalty for tax evasion 

The Income Tax (I-T) Department has recently seized Rs 30 crore unaccounted cash during raids on a Tamil Nadu-based business group running coaching institutes for competitive examinations.

14 Oct 2019

Government may infuse funds to clear salaries of BSNL staff

The government might infuse funds to take care of employees’ salaries and pay the vendor’s bill during the upcoming festive season, according to sources in the Finance Ministry as well as DoT.

11 Oct 2019

Government unclear over timing of lowering tax rate

The government has already announced slashing of corporate tax for corporate, which is in line with the recommendations of the much-awaited DTC.

09 Oct 2019

PMO-FM meet takes stock of ailing economy, falling revenues

PM Narendra Modi discussed important issues with finance ministry officials, including a revival package for BSNL and MTNL and personal income tax breaks.

08 Oct 2019

Funding to commercial sector tanks by 88 per cent

In fact, fund flows from non-banks have also fallen sharply, almost halving from Rs 5.51 lakh crore in the same period last year to Rs 2.19 lakh crore this fiscal.

08 Oct 2019

Finance Ministry to kick-start budgetary exercise from October 14

The Budget Estimates for 2020-21 will be provisionally finalised after the expenditure secretary completes discussions with other secretaries and financial advisors.

07 Oct 2019

FinMin moots reforms within tax department

Interdepartmental transfers, change in appraisal policies expected

03 Oct 2019

PMC Bank: Auditors’ role to be investigated

The official said the agency has been informed about the case and will soon register a case under the Prevention of Money Laundering Act 2002 based on the EOW FIR.

02 Oct 2019

After PMC, three more cooperative bank books under scanner

The revelation came after a board member sent the balance sheet to RBI. On Friday, Thomas claimed that the exposure was Rs 2,500 crore.

30 Sep 2019

Revenue Department sees direct tax shortfall of Rs 2.50 lakh crore

Though the Finance Ministry was apprised of the likely revenue shortfall, the decision on corporate tax bonanza was taken after weighing all pros and cons.

24 Sep 2019

Time and tide perfect for investing in a new home

Experts claim that with so many piled-up inventories, buyers are in the best position to bargain.

23 Sep 2019

Cookie crumbles for low-cost biscuit makers as Modi government rejects demand to cut GST rate

Tax cuts were requested on bakery products, breakfast cereals, fruits and vegetables, mineral water and ready-to-eat packaged items, among several other food products. 

22 Sep 2019

Tax tonic to unleash animal spirits against slowdown demon, feels government

Big-bang bonanza for India Inc as effective tax cut to 25%; markets cheer; experts voice concern about fiscal impact

21 Sep 2019

Nirmala Sitharaman surprises markets with Rs 1.45 lakh crore tax rate cut

Making the announcement, Finance Minister Nirmala Sitharaman said the new tax rate will be applicable from the current fiscal which began on April 1.

20 Sep 2019

Gujarat-based Atul Auto shifts focus to exports to beat crisis

Atul Auto is not the only player. Players like Piaggio, Bajaj auto are also banking on the exports of domestic vehicles in European, Asian and African markets.

17 Sep 2019