Tue, Nov 21, 2023
Financial flows in the external sector need constant monitoring as they impact the value of rupee and the balance of payments, the report said, adding that a fuller transmission of the monetary policy may also temper domestic demand.
Thu, Nov 02, 2023
Cover Story: There is bumper demand all around during the festive season, and the government's coffers are getting filled as GST collection is increasing significantly.
Tue, Oct 31, 2023
India's fiscal deficit for the first six months (April-September) of the current financial year was Rs 7.02 lakh crore which works out to 39.3 per cent of the estimate for the whole year, according to government data.
Sat, Oct 27, 2018
In his address at the launch here of "GST: Explained for Common Man" written by former Central Board of and Excise and Customs Chairman Sumit Dutt Majumder, the PMEAC Chairman noted that only very few countries that have implemented GST follow the principle of "dual GST" (Goods and Services Tax) whose "terminal role from an economists point of view is to have a single tax structure."
Sun, Oct 21, 2018
The Central Board of Indirect Taxes and Customs (CBIC), under the Finance Ministry, said trade and industry had expressed apprehension relating to October 20 due date for claiming ITC under GST for July 2017-March 2018.
Fri, Oct 19, 2018
7th Pay Commission: The 11 million strong central government employees and pensioners have been waiting for their pay hike news over and above the recommendations of the official report recommendations for a long time.
The government is likely to appoint a new chief economic advisor (CEA) in the next one or two months, sources said.
Sat, Oct 13, 2018
The Finance Ministry termed these figures as "exaggerated and thus inaccurate". It clarified that IGST refund worth only Rs 3,065 crore is held up due to deficiency in claims filed, and the quantum of pending ITC refund is only Rs 2,077 crore.
Fri, Oct 12, 2018
Oil minister Dharmendra Pradhan has conveyed that New Delhi will continue to buy Iranian oil to some extent, said economic affairs secretary at the finance ministry Subhash Chandra Garg.
Sun, Oct 07, 2018
The nine CPSEs whose non-core assets have been identified for hiving off are Pawan Hans, Scooters India, Air India, Bharat Pumps & Compressors, Project & Development India Ltd (PDIL), Hindustan Prefab, Hindustan Newsprint, Bridge and Roof Co and Hindustan Fluorocarbons.
Mon, Oct 01, 2018
Based on the experience of this automated loan processing system, other products could be onboarded, he said, adding "contactless banking is going to be the new paradigm as it fosters transparency".
Wed, Sep 19, 2018
The draft proposal provides PRB with sufficient powers to ensure public's ability to transmit money smoothly and securely through payment and settlement systems. "The Committee recommends that the government may place the proposed Bill before the Union Cabinet for its consideration," said the report.
Sun, Sep 09, 2018
The Centre paid Rs 14,930 crore to compensate states for revenue loss incurred in June and July, a nearly four-fold jump compared to Rs 3,899 crore paid for the months of April and May.
Fri, Aug 10, 2018
The All India Association of Chit Funds in their memorandum submitted to the Committee requested for allowing a chit fund company to mention under their name as 'A ROSCA Institution' (Rotating Savings and Credit Association).
Mon, Jul 23, 2018
Overall, Indian Railways managed to gather up to Rs 18,000 crore from the ministry.
Mon, Jul 02, 2018
Currently, GST has five tax bracket namely 0%, 5%, 12%, 18% and 28% and is followed as a dual tax regime in India.
Modi will remembered as the man who changed an entire face of India financial system with reforms like demonetisation and GST.
One year of GST: The response has been mixed with some left confused about the digitized process and its norms.
Sun, Jul 01, 2018
The presentation talked about advantages and challenges of merger but it also highlighted that fragmented approach of the banks is acting as an impediment in their growth. Various permutation and combinations are being examined, sources said, but added that no decision has been taken yet.
One year of GST: Consumers saw a small increase in costs of purchasing financial products and availing financial services.
One year of GST: 12 months have already passed since the goods and services tax (GST) was rolled out by PM Narendra Modi.
One year of GST: Much to the disappointment of the common man, prices of many daily use products jumped after GST was implemented. FMCG was one of the major sector that witnessed structural change on account of GST.
One year of GST: This regime replaced multi-layered, complex indirect tax structure with a simple, transparent and technology-driven tax regime.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.