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.
Sun, Mar 12, 2017
The data provided by RBI to the Finance Ministry also revealed the involvement of bank staffs in fraud cases.
The plan was for holders of idle gold to lodge it with banks in return for interest and cash at redemption.
Thu, Mar 09, 2017
Higher oil and gold imports coupled with subdued remittances and exports is likely to strain India's current account and the deficit is projected to reach $30 billion (nearly Rs 2 lakh crore) in financial year 2018, ICRA said.
Wed, Mar 08, 2017
The amount transferred from a recognised Provident Fund or superannuation fund to NPS would not be treated as income of the current year and, as such, would not be taxable.
Wed, Feb 22, 2017
"There is absolutely no cause for panic. We are not going after everyone who deposited their holding of the demonetised currency in bank accounts between November 8 and December 30, 2016. Very clear thresholds have been set for tax department to take up deposits for verification. I repeat, it is for verification and not scrutiny or assessment," a senior Finance Ministry official said.
Wed, Feb 15, 2017
The Income Tax Department of India will soon launch an app which will help people to pay their taxes, apply for PAN cards or track tax returns.
Fri, Feb 10, 2017
India's revenue secretary Hasmukh Adhhia in New Delhi on Friday said that tax collections (direct and indirect) continue to show consistent trend of healthy growth.
Wed, Feb 08, 2017
"The RBI is deciding on this... it is work in progress. I am sure as volumes (of digital transactions) are increasing, the charges will come down," the Finance Minister Arun Jaitley told the Rajya Sabha during the Question Hour.
Tue, Feb 07, 2017
The Central Board of Direct Taxes announced on Tuesday of signing four unilateral Advance Pricing Agreements (APAs) pertaining to the manufacturing, financial and information technology sectors.
Fri, Feb 03, 2017
In 2007, Sanyal was awarded the Eisenhower Fellowship for his work on urban issues and was also honoured by the Singapore government at the World Cities Summit 2014.
India's steel ministry in its recommendations for Union Budget 2017-18 to the Finance Ministry has asked for reduction in the import duty on the coking coal.
The Government of India is planning to exit its holding in three public sector units- Bharat Pumps & Compressors (BPCL), Bridge & Roof Co and Hindustan Fluorocarbons -- by selling its stake to strategic buyers.
Wed, Feb 01, 2017
For the welfare of women and children under various schemes across all Ministries, Finance Minister, Arun Jaitley, in his budget speech on Wednesday said that the allocation has been increased to Rs 1,84,632 crores in 2017-18.
The Union Budget which will be declared on February 1, a month prior to its usual timeline will present consolidated funds for the centre as well as Indian railways.
Mon, Jan 30, 2017
Markets regulator Sebi and stock exchanges have beefed up surveillance and risk management systems to handle eventualities that may arise from excessive volatility in the wake of Budget announcements.
In preparation of India's Union Budget 2017-18, women officers have accounted for 41% of senior level personnel involved in the process in 2017.
The Budget documents will have a different look this time with the Finance Ministry deciding to introduce the concept of 'composite outflow' of funds on government schemes by doing away with 'plan and non-plan' distinction.
Deposits in Jan Dhan accounts have grown by more than 50% since the demonetisation announcement.
Thu, Jan 26, 2017
The RBI has not been fothcoming with information about currency situation in the country and its preparedness in the wake of demonetisation citing one exemption or the other.
Wed, Jan 25, 2017
Finance Ministry on Wednesday said the drive to transform India will continue in Budget 2017-18 to be unveiled by Finance Minister Arun Jaitley on February 1.
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.