New Delhi, Oct 14 Modest funding of Centre’s latest demand boosting measures is likely to give a marginal boost to the economy, industry watchers contend. Accordingly, many have termed these measures as ‘too little too less’ to pull the economy
New Delhi, Sep 19 Finance Minister Nirmala Sitharman on Friday said that the majority of the additional resources in the first batch of the Supplementary Demands for Grants would be spent on people-centric schemes amid the coronavirus pandemic. In her
New Delhi, Sep 19 A taxation Bill which seeks relaxation and changes in provisions of certain Acts was introduced in the Lok Sabha on Friday amid uproarious scenes. Introduced by Finance Minister Nirmala Sitharaman, the Taxation and Other Laws (Relaxation
New Delhi, Sept. Sep 18 Government has directed customs formations across the country for strict scrutiny of all imports from free trade agreement (FTA) countries to prevent entry of goods at concessional duty misusing the country of origin rules. The
New Delhi, Sep 17 In a setback to the automobile industry looking for a reduction in GST rates to help tide over the present crisis, the finance ministry has said current taxes on the sector were lower than pre-GST times
New Delhi, Sep 8 Banks have so far sanctioned loans amounting to Rs 1.61 lakh crore to MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS), the government said on Monday. “As of 03 Sept 2020, the total amount sanctioned
New Delhi, Sep 4 Union Minister Prakash Javadekar on Friday assured the automobile industry that he will take up its demand for a cut in the Goods and Services Tax (GST) with the Union Finance Minister and the Prime Minister.
New Delhi, Aug 28 Union Finance Minister Nirmala Sitharaman on Thursday hit back at the opposition for “unnecessarily trying to politicise” the GST compensation issue when their previous government was to be blamed for “building an environment of mistrust” between
Chennai, Aug 20 The All India Bank Employees’ Association (AIBEA) on Wednesday urged Finance Minister Nirmala Sitharaman to provide compensation to the families of contract employees of banks who had died due to Covid-19 pandemic. In a letter to Sitharaman,
New Delhi, Aug 12 In an attempt to assist states effectively address the situation arising out of the Covid-19 pandemic, the Centre on Wednesday released the fifth instalment of their share of revenue deficit grant, amounting to over Rs 6,000
New Delhi, Aug 8 Finance Minister Nirmala Sitharaman on Friday said that scrutiny of tax return filers has declined since 2014, and only 0.25 per cent of the total number of filers were scrutinised in 2018-19. In her address at
New Delhi, July 25 Finance Minister Nirmala Sitharaman has reserved words of praise for the Income Tax department, complementing officers for being responsive to the needs of the taxpayers during the pandemic times by relaxing various compliance requirements and addressing the
New Delhi, July 20 Raising concern over the proposed decriminalisation of bouncing of cheques, the Confederation of All India Traders (CAIT) has advised Finance Minister Nirmala Sitharaman against it. In a letter to the Finance Minister, the CAIT urged the
Chennai, July 13 The All India Employees’ Association (AIIEA), one of the major unions in the non-life insurance sector, has urged Finance Minister Nirmala Sitharaman that the merger process of three public sector general insurance companies (PSGICs) be continued. In
New Delhi, July 4 Government departments and agencies will have to pay interest on late payment to vendors, largely MSMEs, for products procured through the Government e-Martketplace (GeM), starting October 1. Through an office memorandum, the Department of Expenditure of
New Delhi, July 2 Finance Minister Nirmala Sitharaman on Wednesday said that the GST administration will have a major role to play in the objective of ‘Aatma Nirbhar Bharat’ or self-reliant India and it must foresee the challenges faced by
New Delhi, July 01 The Apparel Export Promotion Council (AEPC) on Tuesday suggested that the Centre should raise the limit of all outstanding loans of MSMEs to Rs 100 crore instead of the current Rs 25 crore for being eligible
New Delhi, June 15 The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). As part of this, Finance Minister Nirmala Sitharaman on
New Delhi, May 28 Finance Minister Nirmala Sitharaman on Thursday chaired a meeting of the Financial Stability and Development Council (FSDC) through video conference to review the measures to maintain financial stability amid the coronavirus pandemic. In a tweet, the
New Delhi, May 19 Finance Minister Nirmala Sitharaman on Tuesday said the public sector banks (PSB) sanctioned Rs 6.45 lakh crore in two and a half months, between March 1 and May 15, to over 54.96 lakh accounts. This is
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