Finance Minister announces new tax refund scheme, easy credit to boost exports

Finance Minister Nirmala Sitharaman Saturday announced a slew of measures to boost the economy, including a new scheme to refund taxes and duties on exports, easier export credit and additional funding for exporters under the revised priority sector lending norms. The proposed Remission of Duties or Taxes on Export Product (RoDTEP) scheme will come into … Read moreFinance Minister announces new tax refund scheme, easy credit to boost exports

‘Slowdown due to demonetisation effect’: MoS Finance Anurag Thakur heckled at auto industry event

Thakur was seeking inputs from industry players on the reasons behind the slowdown, despite government’s efforts to support the ailing sector, at the Automotive Component Manufacturers Association of India (ACMA) annual summit. Minister of State for Finance Anurag Thakur was heckled at an ACMA event on Friday after he asked auto industry players why sales … Read more‘Slowdown due to demonetisation effect’: MoS Finance Anurag Thakur heckled at auto industry event

Union Minister Anurag Thakur Attacks Manmohan Singh, P Chidambaram Over Economy

Anurag Thakur said the Modi government was taking all necessary steps to boost the economy (File) Ahmedabad:  Hitting back at former Prime Minister Manmohan Singh and former finance minister P Chidambaram for criticising the Centre over the plunging GDP figures, Union minister Anurag Thakur on Wednesday said both the Congress leaders needed to look back … Read moreUnion Minister Anurag Thakur Attacks Manmohan Singh, P Chidambaram Over Economy

I-T dept to use data analysis, risk profiling to increase tax mop up: Revenue Secy

The Income Tax Department will use data mining and risk profiling rather than intrusive methods for tax collection, Revenue Secretary Ajay Bhushan Pandey said on Wednesday while exuding confidence of achieving the direct tax mop-up target for the current fiscal. In the 2019-20 Budget, the government has set a direct tax collection target of Rs … Read moreI-T dept to use data analysis, risk profiling to increase tax mop up: Revenue Secy

Consolidation of regional rural banks on government agenda

NEW DELHI: India is eyeing a mega revamp of its regional rural banks (RRBs) and the plan includes consolidation of these lenders for better operational efficiencies in line with the government’s big rural focus. The plan that the finance ministry is drawing up also envisages RRBs adopting differentiated banking strategies, such as targeting specific sectors, … Read moreConsolidation of regional rural banks on government agenda

No estimate of black money in Swiss banks: Finance Minister Nirmala Sitharaman

NEW DELHI: India has no authentic estimate of black money stashed by Indians and enterprises in Swiss banks, said finance minister Nirmala Sitharaman. In a reply to a question in Lok Sabha the finance minister stated that some recent media reports, however, say that deposits by Indians in Swiss banks, including through India-based branches, have … Read moreNo estimate of black money in Swiss banks: Finance Minister Nirmala Sitharaman

Watch: Broom In Hand, Hema Malini Joins Cleanliness Drive At Parliament

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Hema Malini and Anurag Thakur participated in the cleanliness drive organised by the Lok Sabha Speaker. New Delhi:  BJP lawmaker Hema Malini, accompanied by Minister of State For Finance Anurag Thakur, participated in a cleanliness drive organised in the Parliament this morning. Dressed in a grey kurta and black trousers, Hema Malini was seen cleaning … Read moreWatch: Broom In Hand, Hema Malini Joins Cleanliness Drive At Parliament

RS passes resolution slapping 200% duty on Pakistani goods

NEW DELHI: The Rajya Sabha on Monday passed a statutory resolution for levying 200 per cent duty on all goods exported from Pakistan. The Upper House also adopted the move to increase basic custom duty (BCD) on lentils (masur), boric acid and diagnostic and laboratory reagents. The resolution sought to raise BCD on lentils from … Read moreRS passes resolution slapping 200% duty on Pakistani goods

Government to introduce further reforms in GST on Monday to mark 2 years of rollout

Kicking off celebration to mark two years of the GST implementation, the finance ministry will on Monday come up with further reforms in the indirect tax system with introduction of new return system, rationalisation of cash ledger system and a single refund-disbursing mechanism, among others. Minister of State for Finance and Corporate Affairs Anurag Thakur … Read moreGovernment to introduce further reforms in GST on Monday to mark 2 years of rollout

GST Council to consider reducing tax on electric vehicles: Anurag Thakur

NEW DELHI: The GST Council will consider reducing tax on electric vehicles, which are seen as more environment-friendly, and the matter is pending before it, Minister of State for Finance Anurag Thakur informed the Lok Sabha on Monday. Thakur was replying to a question asked by BJP member Varun Gandhi during the Question Hour. “The … Read moreGST Council to consider reducing tax on electric vehicles: Anurag Thakur

PM Modi announces his diversified portfolio; here’s how you can create yours on D-Street

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NEW DELHI: A well-diversified portfolio is a key to success, whether it is political arena or Dalal Street. Newly appointed Prime Minister Narendra Modi on Friday allocated Cabinet portfolios to his new ministers. The architect of the Bharatiya Janata Party’s massive victory in general elections Amit Shah was awarded the key ministry of home affairs. … Read morePM Modi announces his diversified portfolio; here’s how you can create yours on D-Street

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