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GST: CBEC set to be Central Board of Indirect Taxes and Customs

New Delhi, June 14  Reiterating that preparations are in full swing for rolling out GST on July 1, the Central Board of Excise and Customs (CBEC) said on Tuesday that, along with the states, the department has increased its outreach programmes on the...

GST : CBEC set to be Central Board of Indirect Taxes and Customs

New Delhi, June 13 (IANS) Reiterating that preparations are in full swing for rolling out GST on July 1, the Central Board of Excise and Customs (CBEC) said on Tuesday that, along with the states, the department has increased its outreach programmes...
Tapan Ray to be the next Economic Affairs Secretary

Tapan Ray to be the next Economic Affairs Secretary

New Delhi, May 26  The central government on Thursday said that Corporate Affairs Secretary Tapan Ray will be the next Secretary, Department of Economic Affairs, under the Ministry of Finance from June 1, 2017. According to the Appointments Committee...
CBDT notifies simplified one-page ITR form

CBDT notifies simplified one-page ITR form

New Delhi, March 31 (IANS) The Central Board of Direct Taxes (CBDT) has notified income-tax return forms (ITR forms), including a one-page simplified ITR Form-1 (Sahaj), which can be used by individuals having income up to Rs 50 lakh. This initiative...
Government notifies GST Council, in effect from Monday

Government notifies GST Council, in effect from Monday

New Delhi, Sep 12  Following presidential assent last week to the GST Bill, the Union Finance Ministry on Monday notified the provisions of the Constitution Amendment Act that allows for setting up the Goods and Services Tax (GST) Council. “The...

Economic Survey 2015-16 Highlights

By Prakash Bhargava Finance Minister Arun Jaitley on Friday tabled the pre-Budget Economic Survey in the Lok Sabha. Here are the Highlights — * Eight percent growth in next couple of years * Indian economy stands out as a haven of macroeconomic...

Economic Survey 2015-16 highlights need for more investment in Human Capital

Expresses concern at declining educational outcomes, emphasizes efficientcy delivery systems in health sector.   By TN Ashok New Delhi, Feb 26 : The pre budget 2015-16 Economic Survey tabled in Parliament today says  social infrastructure scenario...
India Ranks First in Milk Production, Accounting for 18.5 Per Cent of World Production

India Ranks First in Milk Production, Accounting for 18.5 Per Cent of World Production

India Recording A Growth of 6.26 % whereas World Milk Production Increases by  3.1 % Per Capita Availability of Milk in India has Increased from 176 grams per day in 1990-91 to 322 grams per day by 2014-15 Egg and Fish Production has also Registered...
Economic Survey 2015-16: Percentage Share of Horticulture Output in Agriculture is more than 33%

Economic Survey 2015-16: Percentage Share of Horticulture Output in Agriculture is more than 33%

Over the Last Decade, The Area Under Horticulture grew by about 2.7 % Per Annum and Annual Production Increased by 7 % Production of Horticulture Crops have Outpaced the Production of Food Grain Since 2012-13 The Economic Survey 2015-16 presented today...
Economic Survey 2015-16: Services Sector remains the Key Driver of Economic Growth

Economic Survey 2015-16: Services Sector remains the Key Driver of Economic Growth

The services sector in India has remained the most vibrant sector in terms of contribution to national and state incomes, trade flows, FDI inflows, and employment.  According to the Economic Survey 2015-16 tabled in Parliament today, the services sector...
Economic Survey 2015-16: Better off taking the benefit of subsidies

Economic Survey 2015-16: Better off taking the benefit of subsidies

Economic Survey 2015-16 finds uneven distribution of Rs. 100,000 crore subsidies going to the better-off merely on account of 6 commodities like gold, LPG, Kerosene, Electricity, railway fares, aviation and turbine fuel (ATF) plus the Small Savings Scheme....
GST rollout to mark an unprecedented reforms measure in the modern global tax history

GST rollout to mark an unprecedented reforms measure in the modern global tax history

Economic Survey 2015-16 proposes widening tax net from 5.5 percent of earning individuals to more than 20 percent, reasonable taxation of the better-off individuals with income from Real Estate and Agriculture, phasing out of the tax exemption Raj.  Higher...
Fiscal Deficit target of 3.9% for FY 2015-16 achievable–Economic Survey

Fiscal Deficit target of 3.9% for FY 2015-16 achievable–Economic Survey

FY 2016-17 Challenging from Fiscal Point By TN Ashok New Delhi, Feb 26: India’s fiscal deficit target of 3.9 per cent of GDP in FY 2015-16 seems achievable as this assessment is based on the pattern of revenue and expenditure in the first 9 months...
Indian Economy needs to create enough “good” Safe Productive well-paying Jobs

Indian Economy needs to create enough “good” Safe Productive well-paying Jobs

The Economic Survey 2015-2016 stresses that India being in the midway through its demographic dividend is providing an economic growth in terms of the working age share of the population. Hence to exploit this dividend and meet the growing aspiration...
Positive Changes Sweeping Power Sector

Positive Changes Sweeping Power Sector

Survey Suggests Possibility of Achieving Reasonably Greater Progressivity in Tariff Structures with Lower Tariffs for the Poor  New Paradigm of Surplus Power Sets Stage for Continuing Reforms for Powering “One India”  Since the present government...
The Minister for Finance, Corporate Affairs and I&B, Arun Jaitley chairing the meeting of the State Finance Ministers

The Minister for Finance, Corporate Affairs and I&B, Arun Jaitley chairing the meeting of the State Finance Ministers

The Union Minister for Finance, Corporate Affairs and Information & Broadcasting, Arun Jaitley chairing the meeting of the State Finance Ministers, in New Delhi on April 22, 2015. The Minister of State for Finance, Jayant Sinha and other dignitaries...

Scarce Defence Budget: HITS TROOP MORALE, UPGRADING …

Scarce Defence Budget HITS TROOP MORALE, UPGRADING By Dr PK Vasudeva Finance Minister Arun Jaitley announced on 28 February a modest 7.9 per cent increase in the country’s defence spending for the fiscal year 2015-16, suggesting that it will move only...

Government committed to protecting all groups: Jaitley

New Delhi, Feb 26  The government is committed to protecting the rights of all communities, Finance Minister Arun Jaitley said Thursday. Prime Minister Narendra Modi has spoken repeatedly on the subject, said the BJP leader while participating in a discussion...
The Chairman, LIC of India, S.K. Roy presenting the dividend cheque of Rs.1634, 89, 57, 602.00 to the Minister for Finance, Corporate Affairs and Information & Broadcasting, Arun Jaitley

The Chairman, LIC of India, S.K. Roy presenting the dividend cheque of Rs.1634, 89, 57, 602.00 to the Minister for Finance, Corporate Affairs and Information & Broadcasting, Arun Jaitley

The Chairman, Life Insurance Corporation (LIC) of India, S.K. Roy presenting the dividend cheque of Rs.1634, 89, 57, 602.00 to the Union Minister for Finance, Corporate Affairs and Information & Broadcasting, Shri Arun Jaitley, in New Delhi on December...
Structural reforms must for seven-to-eight percent growth: Sinha

Structural reforms must for seven-to-eight percent growth: Sinha

New Delhi, Dec 11  Minister of State for Finance Jayant Sinha called for structural reforms to achieve sustainable growth of seven-to-eight percent. “We need to get the economy up to a long term growth rate of seven-to-eight percent,” Sihna...