Finance Minister announced cut petrol,diesel prices 
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Finance Minister announced cut petrol,diesel prices 

Finance Minister announced cut petrol,diesel prices  Finance Minister Arun Jaitley today announced marginal relief for citizens from runaway fuel prices with a oil duty cut of Rs. 1.50 and another Rs. 1 drop in what the government charges from oil marketing firms. He blamed rising crude oil prices in the …

Arun Jaitley said PMJDY scheme doubles limit
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Arun Jaitley said PMJDY scheme doubles limit

Arun Jaitley said PMJDY scheme doubles limit The government on Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts. Briefing reporters about the cabinet decision, Finance Minister Arun Jaitley said as the …

India needs lower level of taxation to be globally competitive: Jaitley
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India needs lower level of taxation to be globally competitive: Jaitley

Finance Minister Arun Jaitley said on Monday, highlighting the need to have lower level of taxation, that lower tax levels will make it competitive globally. “What you need is lower level of taxation, to provide services more competitive in nature. Competition is not domestic, it is global. This is one …

Demonetisation: Old Rs 500 notes not acceptable from Dec 15 mid-night
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Demonetisation: Old Rs 500 notes not acceptable from Dec 15 mid-night

All Government exemptions provided for the use of old Rs 500 notes for utility payments will come to an end at the midnight of Thursday (December 15), not December 14, as a section of media claimed, the Finance Ministry said on Wednesday. “Exemptions for the use of old Rs 500 notes will end on 15 December …

Constitutional compulsion to roll out GST by Sep 16 next year: Arun Jaitley
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Constitutional compulsion to roll out GST by Sep 16 next year: Arun Jaitley

Union Finance Minister Arun Jaitley said on Friday it was a “constitutional compulsion” to roll out the Goods and Services Tax before September 16, 2017, reported PTI. He added that since the existing indirect tax system will cease to exist by September next year, it will be impossible to run the country without …

Pay 50% tax on unaccounted deposits, or 85% if caught by I-T deposit
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Pay 50% tax on unaccounted deposits, or 85% if caught by I-T deposit

Providing a window to black money holders, the government on Monday proposed to levy a total tax, penalty and surcharge of 50 per cent on the amount deposited post demonetisation while higher taxes and stiffer penalty of up to 85 per cent await those who don’t disclose but are caught The Taxation Laws …