![]() | Finance Minister contemplating proposals benefitting middle classThe recent statement of Finance Minister Nirmala Sitharaman that she was aware of the pressures of the middle class has raised hope that some incentives may come for them in the upcoming Budget. |
![]() | RBI's report on inflation control can't be made public, says CentreThe government's stand comes at a time when retail inflation fell to an 11-month low of 5.88 per cent in November, mainly due to softening prices of food items. |
![]() | Net direct tax collection grows 24 per cent to Rs 8.77 lakh crore: Finance MinistryThe Budget estimated direct tax collection at Rs 14.20 lakh crore this fiscal, higher than Rs 14.10 lakh crore collected last fiscal (2021-22). |
![]() | Challenges in casting the tax net widerThat is a minuscule number of taxpayers in a country with a population of 1.4 billion. |
![]() | Budget 2023-24: Miners' body FIMI seeks withdrawal of export duty on bauxiteBauxite is the principal ore of aluminum and therefore the mineral is the essential raw material for aluminium producers. |
![]() | Nirmala Sitharaman to meet state FMs for pre-budget consultation on FridayThe meeting is part of the customary meetings that the minister undertakes with stakeholders before the presentation of the Union Budget on February 1. |
![]() | Budget should focus on job creation, broaden tax base: India Inc to Nirmala SitharamanTo boost job creation, CII suggested that an employment-linked incentive scheme be introduced and the government could consider an urban employment guarantee scheme. |
![]() | FinMin extends ITR filing deadline for companies till November 7The last date for filing ITR by companies who are required to get their accounts audited was October 31. |
![]() | Worsening geo-political crisis could fuel inflation, cautions FinMin reportFinance Ministry's Economic Review said retail inflation for India during these six months stood at 7.2 per cent, lower than the world inflation of 8 per cent, as represented by the median inflation. |
![]() | PM-Kisan scheme: Kerala told to recover Rs 31 crore from ‘ineligible’Tax payees, farmer families holding higher posts, state or Central staff are considered ineligible |
![]() | Govt cuts FY23 borrowing by Rs 10,000 croreCentre on Thursday said that it will borrow Rs 5.92 lakh crore in the second half of the year |
![]() | No premature closure of Senior Citizens' Savings Scheme account on death: GovtThe clarification came as it has been noticed in some cases that on the death of the account holder, operating agencies are closing the SCSS account by treating it as premature closure. |
![]() | RBI, Finance Ministry ask banks, trade bodies to push cross-border rupee tradeIt was stressed during a meeting that banks should connect with their foreign counterparts for opening special rupee vastro accounts to facilitate cross-border trade in Indian currency. |
![]() | ‘No change in tax law for overseas G-sec listing’: Finance MinistrySome indices sought exemption from capital gains tax as condition for listing these bonds |
![]() | Govt to raise Rs 20K crore via green bonds: Finance MinistryMeanwhile, the government sources said with the issuance of green bonds, the market will get diversified as at present there are investors for normal bonds only. |
![]() | Taxmen can launch prosecution in cases of over Rs 5 crore GST evasionProsecution should normally be launched where the amount of tax evasion, or misuse of ITC, or fraudulently obtained refund is more than Rs 5 crore, it said. |
![]() | FinMin issues consolidated overseas investment rules to promote ease of doing businessThe consolidated rules bring in a host of changes that could impact merger and acquisition decisions of Indian residents, including corporates and startups. |
![]() | Finance Ministry may issue green bonds in FY23Sitharaman had announced the govt’s plan to issue these bonds in her budget speech |
![]() | Government to hike import duty on goods that can be manufactured in India“Why would you import something which can be produced in the country,” said a finance ministry official. |
![]() | CAG raises concerns over Centre’s ballooning debt, interest burdenMeanwhile, data released by the department of economic affairs in the Finance Ministry showed interest paid on debt has increased to Rs 8.05 lakh crore in FY22 from Rs 6.80 lakh crore in FY21. |
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