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.
Thu, Feb 01, 2018
India's fiscal deficit stands at Rs 6,12,105 crore in just eight months of FY19, overshooting the budgeted estimate (BE) target by 112% for the current financial year.
Economic Survey 2018 says, “GST promises to be a buoyant source of future revenues.”
Tue, Jan 30, 2018
The government is planning to abolish all posts which have been vacant for more than five years, and has directed all ministries and department to submit a comprehensive report on the matter.
Mon, Jan 29, 2018
India’s external sector continued to be resilient and strong in 2017-18, observed the Economic Survey 2017-18 tabled in Parliament today by Union Finance & Corporate Affairs Arun Jaitley.
The survey pointed out that low level of tax collections by the local governments in rural areas is posing challenge in reconciling fiscal federalism and accountability.
India's fiscal deficit stands at Rs 6,12,105 crore in just eight months of FY18, overshooting the budgeted estimate (BE) by 112% for the current financial year.
The issue of twin balance-sheet and low private investment due to banks' stressed assets and over-leveraged corporate books hampering the growth prospects.
For understanding the current revenue performance, the survey explained that it requires all the taxes that the GST replaced from an all-India perspective.
It may noted that on February , the government will be presenting the General Budget for India.
Thu, Jan 25, 2018
Transactions through digital means rose 6.05% to 1.06 billion in December 2017 from 997.1 million in November.
The government will provide material capital infusions for even weak PSBs since IDBI, CBI and IOB received amongst the highest capital allocations, said Moody's.
Wed, Jan 24, 2018
It is expected that the government may increase the income tax exemption limit to Rs 3 lakh from currently Rs 2.5 lakh.
Tue, Jan 23, 2018
Finance Ministry remains firm on its borrowing and fiscal deficit targets for this financial year.
The 7th Pay Commission recommended that reviewing the pay matrix periodically instead of waiting for 10 long years to revise the salary and allowances
Mon, Jan 22, 2018
Not only Bitcoin, other cryptocurrencies like Ripple, Litecoin and Ethereum are gaining momentum among Indians.
Sat, Jan 20, 2018
Not only Bitcoin, other cryptocurrencies like Ripple, Litecoin and Ethereum are also gaining popularity among Indians
Wed, Jan 17, 2018
Last month, after consultation with the RBI the government had said it would make additional borrowing of Rs 50,000 crore this fiscal through dated securities.
Sun, Jan 14, 2018
The profiteering complaint form, though a single page document, has about 44 columns seeking a number of details
Fri, Jan 12, 2018
The Income Tax Department has accorded the highest priority to tackle the menace of black money. With this objective in mind, the department has initiated criminal prosecution proceedings in a large number of cases of tax offenders and evaders, said a Finance Ministry statement today.
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