FM announced ‘Mega’ Pension scheme As per tradition, Finance Minister Piyush Goyal calls on President Kovind at Rashtrapati Bhavan before presenting the Union Budget. During 2014-18, 1.53 crore houses have been constructed under PM Awas Yojana said Finance Minister.He also promised to double farmers income…
FM said more steps to narrow Account deficit New Delhi: Finance Minister Arun Jaitley on Saturday said there are some more steps on the anvil to narrow the current account deficit (CAD) and bolster forex inflows. The government has taken some steps and some more measures are likely to narrow CAD, Jaitley said at the HT…
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 international…
GST collection target Rs 1 lakh crore The finance ministry expects the GST collections to cross Rs 1 lakh crore in November and December on account of festive season demand and the anti-evasion measures initiated by the revenue department. The Goods and Services Tax (GST) revenue rose to Rs 94,442 crore in September…
Finance Ministry told about GST tax revenues Alarmed by a nearly four-fold rise in GST compensation to states for June-July, the Finance Ministry is crafting a strategy to shore up tax revenues and engaging with states to identify issues hindering their collections. Finance Secretary Hasmukh Adhia has started meeting…
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 scheme…
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 important…
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…
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…
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 (Second…