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.
Mon, Jan 23, 2017
In a bid to attract more investments in the country, both India Inc and analysts are looking for an immediate cut in the corporate tax to bring it down to 25% in the upcoming Union Budget 2017-18 from the current 30%.
Sanjeev Prasad, Suvodeep Rakshit , Sunita Baldawa and Anindya Bhowmik of Kotak Institutional Equities wrote, “We expect the government to continue to focus on divestment of its stakes in various companies to bolster its overall revenues. The divestment figure will be crucial as tax revenues may not be entirely supportive of likely higher capital expenditure as well as revenue expenditure.”
Aseem Manchanda reports that NITI Aayog has sent a proposal to the Government stating that customers should be able to deposit or withdraw money from their accounts from any bank.
Sun, Jan 22, 2017
Expanding scrutiny of suspicious transactions post demonetisation, the government has begun analysing deposits in new accounts and loan repayments as well as transfers to e-wallets and advance remittance for imports during the last 10 days of deadline to turn in junked notes.
The government is likely to announce incentives for small and medium food processing units in areas such as rice and tea in the Budget to promote the sector and boost manufacturing activities.
Thu, Jan 19, 2017
The banking sector and India Inc has been a story of over-leveraging for quite some time now. With non-performing assets (NPAs) and bad loans rising, deleveraging has been one of the major themes for corporate India in 2016. Also, the strategy seems to be paying off.
Wed, Jan 18, 2017
Reserve Bank of India Governor Urjit Patel is learnt to have told the parliamentary panel on demonetisation that discussions between the central bank and the government on the process began early last year.
Mon, Jan 16, 2017
Multilateral lending agency World Bank and India on Monday signed a financing agreement for International Development Association (IDA) credit of $48 million (nearly Rs 319.33 crore) (equivalent) for the 'Nagaland Health Project'.
Commerce and Industry Minister Nirmala Sitharaman on Monday indicated that start-ups may get additional tax benefits in the forthcoming budget, to be unveiled on February 1.
Sun, Jan 15, 2017
The Finance Ministry is likely to finalise capital infusion plan for public sector banks (PSBs) this week based on the request of various lenders which have been impacted by demonetisation amid rising bad loans.
Sat, Jan 14, 2017
It said in a release, "There has been a report in sections of the Press that some unions have alleged infringement of the autonomy of the Reserve Bank of India. It is categorically stated that the Government fully respects the independence and autonomy of the Reserve Bank of India."
The letter asked the Governor whether a recent media report, according to which the Finance Ministry had deputed a Joint Secretary-level officer to the RBI to oversee its currency chest operations, is true.
Thu, Jan 12, 2017
The 12th Five-Year Plan appraisal document, prepared by NITI Aayog has made a strong case for clear tax policies and focus on manufacturing, even as it exuded confidence that growth in 2016-17, the final year of the Plan would be 7 per cent to 7.75 per cent.
With states and the Centre still locked in stalemate over control of tax payers, Finance Minister Arun Jaitley today said the issue will be resolved in next few weeks for rollout of the GST regime from April 1.
Wed, Jan 11, 2017
The Government has already garnered Rs 23,500 crore by divesting its stakes in public sector units (PSUs) so far in the current fiscal and is hopeful of achieving the fiscal 2016-17 (FY17) disinvestment target of Rs 56,500 crore, a Finance Ministry official said on Wednesday.
Tue, Jan 10, 2017
Contrary to popular belief, it was the Government which had "advised" the Reserve Bank to junk Rs 500/1000 notes on November 7 and the board of the central bank the very next day recommended the demonetisation.
Sun, Jan 08, 2017
The government on Sunday announced amendments to the Income-tax rules that banks need to obtain and link PAN card numbers to all existing accounts.
Wed, Jan 04, 2017
Expenditure Finance Commission (EFC) under the Ministry of Finance cleared 29 proposals of various ministries involving expenditure of about Rs 2.11 lakh crore during the last year.
Tue, Jan 03, 2017
India`s Steel Ministry wants lower import taxes on a number of key steelmaking raw materials, including nickel, to protect the domestic industry from the rising costs of basic resources, a senior government official said on Tuesday.
Union Budget 2017 will be presented on February 1, 2017, a government official confirmed on Tuesday.
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