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Government Unveils vision for the Next Decade

Government Unveils vision for the Next Decade

🕔13:35, 1.Feb 2019

The Government has unveiled its vision for the next decade, listing thereby ten most important dimensions in 2030. “With this comprehensive ten-dimensional Vision, we will create an India where poverty, malnutrition, littering and illiteracy would be a matter of the

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Anti-black money measures brought undisclosed income of about Rs 1.3 Lakh Crore to tax

Anti-black money measures brought undisclosed income of about Rs 1.3 Lakh Crore to tax

🕔13:34, 1.Feb 2019

The anti-black money measures taken by the Government during the last four and half years in the form of Black Money Law, the Fugitive Criminal Offenders Act, and Demonetisation, have brought undisclosed income of about Rs 1,30,000 crore to tax.

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Rationalization of customs duty and procedures to give boost to “Make in India” initiative

Rationalization of customs duty and procedures to give boost to “Make in India” initiative

🕔13:33, 1.Feb 2019

The Government has undertaken rationalization of customs duties and procedures to promote the “Make in India” initiative. While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal said,

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Tax collections increased from Rs 6.38 Lakh Crore in year 2013-14 to almost Rs 12 Lakh Crore this year

Tax collections increased from Rs 6.38 Lakh Crore in year 2013-14 to almost Rs 12 Lakh Crore this year

🕔13:32, 1.Feb 2019

The Government has reduced tax rates, more for the common man and middle class, and made the interface with the tax department much simpler and largely faceless. Due to this, the tax collections increased significantly from Rs 6.38 lakh crore

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GST, the biggest taxation reform, led to increase in tax base, higher collections and ease of trade

GST, the biggest taxation reform, led to increase in tax base, higher collections and ease of trade

🕔13:31, 1.Feb 2019

The Goods and Services Tax (GST) reforms has resulted in increased tax base, higher collections and ease of trade.  While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate Affairs, Railways  & Coal, Shri Piyush

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Goyal announces single window clearance for Indian filmmakers

Goyal announces single window clearance for Indian filmmakers

🕔13:15, 1.Feb 2019

New Delhi, Feb 1  Finance Minister Piyush Goyal on Friday announced that there will be a single window clearances for Indian filmmakers for smooth shooting of films. While presenting the Interim Budget for 2019-20 in the Lok Sabha, he said:

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No tax for individual incomes up to Rs 5 lakh

No tax for individual incomes up to Rs 5 lakh

🕔13:03, 1.Feb 2019

New Delhi, Feb 1  In a bonanza for the country’s middle class in an election year, the government on Friday proposed tax exemption for individual annual incomes of Rs 5 lakh. Presenting the Interim Budget 2019-20, acting Finance Minister Piyush

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Electoral bonds to be sold during January 1-10 : FinMin

Electoral bonds to be sold during January 1-10 : FinMin

🕔21:36, 27.Dec 2018

New Delhi, Dec 27 (IANS) Continuing with its effort to cleanse the system of political funding, the government on Thursday announced the sale of seventh tranche of electoral bonds at 29 notified State Bank of India (SBI) branches during January 1-10.

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GST evasion of Rs 12,766 cr detected in April-November

GST evasion of Rs 12,766 cr detected in April-November

🕔11:40, 19.Dec 2018

New Delhi, Dec 19  A total of 3,196 cases of Goods and Services Tax (GST) evasion amounting to Rs 12,766 crore have come to light in the first eight months of the current financial year, the Ministry of Finance said on

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Ministry of Finance releases Discussion Paper entitled “3 Essential “S”s of Climate Finance – Scope, Scale and Speed

Ministry of Finance releases Discussion Paper entitled “3 Essential “S”s of Climate Finance – Scope, Scale and Speed

🕔18:53, 4.Dec 2018

Department of Economic Affairs, Ministry of Finance, released a Discussion Paper entitled “3 Essential “S”s of Climate Finance – Scope, Scale and Speed: A Reflection” on the sidelines of COP 24 to UNFCCC at Katowice, Poland. The Discussion Paper examines analytically the

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State GST collection showing improvement over last year: Arun Jaitley

State GST collection showing improvement over last year: Arun Jaitley

🕔08:01, 29.Sep 2018

New Delhi, Sep 2  Expressing satisfaction with GST collection trends, the government on Friday said the states were on the path of meeting their revenue targets by themselves, thereby not needing compensation from the Centre after the five-year period of

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India to become fifth largest economy next year: Jaitley

India to become fifth largest economy next year: Jaitley

🕔14:00, 30.Aug 2018

New Delhi, Aug 30 India is on track to surpass Britain next year to become the fifth largest economy in the world and to emerge among the “big three” global economies by 2040, Finance Minister Arun Jaitley said on Thursday. He

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GST enlarged tax base, brought formalisation : Government

GST enlarged tax base, brought formalisation : Government

🕔20:46, 18.Jun 2018

New Delhi, June 18 (IANS) The Goods and Service Tax (GST) has resulted in greater formalisation of the Indian economy with over 6.5 lakh new assessees having sought registration under the new indirect tax regime, the government said on Monday. A

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Bank recapitalisation, NPA resolution showing results : Government

Bank recapitalisation, NPA resolution showing results : Government

🕔18:56, 12.Jun 2018

New Delhi, June 12 (IANS) The government on Tuesday said the recapitalisation of banks and resolution of non-performing assets (NPA) had started showing results which was reflected in the double-digit growth in bank credit in April. Financial Services Secretary Rajiv Kumar

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New method of filing GST returns in 6 months, panel to examine sugar cess

New method of filing GST returns in 6 months, panel to examine sugar cess

🕔09:31, 5.May 2018

New Delhi, May 5  The GST Council on Friday decided to roll out in six months a new method of filing monthly returns and to take over ownership of the GST Network (GSTN), even as it deferred a decision on

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Government cuts borrowing target, says Rs 20,000 cr is enough

Government cuts borrowing target, says Rs 20,000 cr is enough

🕔14:08, 17.Jan 2018

New Delhi, Jan 17  The government on Wednesday said it has cut the size of additional borrowing to Rs 20,000 crore of government securities during the current fiscal. On December 27, the government had stated that it would raise additional

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FDI proposals worth Rs 532 cr approved

FDI proposals worth Rs 532 cr approved

🕔09:59, 5.Jan 2018

By Prakash Bhargava New Delhi, Jan 5  The central government on Thursday said that it has approved two foreign direct investment (FDI) proposals worth Rs 532 crore, including one from Metaffinity. “During the month of December 2017, the Department of

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

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

🕔10:33, 14.Jun 2017

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

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

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

🕔17:57, 13.Jun 2017

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

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Tapan Ray to be the next Economic Affairs Secretary

Tapan Ray to be the next Economic Affairs Secretary

🕔08:34, 26.May 2017

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 of

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