Jul 27, 2014 04:22 PM
Senior IRS officer K.V. Chowdary is tipped to be the new Chairman of the Central Board of Direct Taxes (CBDT), the apex authority of the Income Tax department.The 1978-batch Indian Revenue Service officer is presently working as the Member (Investigations
Jul 27, 2014 11:13 AM
Betting big on the government’s reforms agenda, overseas investors have poured in more than USD 5 billion in the Indian market so far this month taking the total inflow to over USD 25 billion since January. Net investments by foreign investors in
Jul 27, 2014 11:07 AM
Mr. Jaitley is likely to inform the RBI board about steps taken to contain fiscal deficit Finance Minister Arun Jaitley will address the board of the Reserve Bank here on August 9 amid expectations that the Central Bank will complement government action
Jul 26, 2014 08:31 PM
Secretaries of infrastructure ministries apprised Prime Minister Narendra Modi on targets and delivery deadlines for these projects for the current financial year. Prime Minister Narendra Modi had his second monthly meeting on the setting of targets and
Jul 25, 2014 11:31 PM
The Lok Sabha on Friday passed the Finance Bill, 2014, by voice vote giving effect to the legislative tax proposals in the Budget even as Finance Minister Arun Jaitley reiterated the government’s commitment to bringing back black money from abroad.
Jul 25, 2014 07:18 PM
The NDA Government will not be a high-tax government as it intends to create more jobs, industry and give a fillip to economy, Finance Minister Arun Jaitley said In his reply to the Budget debate. The Lok Sabha on Friday passed the Finance Bill, 2014 by
Jul 25, 2014 05:18 PM
Foreign Portfolio Investors (FPIs) have pumped in over Rs 1.22 lakh crore in Indian stock markets during the first six months of 2014. Investments in Indian securities (equity and debt) made by Foreign Institutional Investors (FIIs)/FPIs in 2013 was Rs 62
Jul 25, 2014 04:29 PM
The Finance Ministry on Friday said at present it has no proposal to lower customs duty on gold from the current 10 per cent.“Currently, there is no proposal to reduce the customs duty on gold,” Minister of State for Finance Nirmala Sitharaman
Jul 25, 2014 03:57 PM
Responding to a supplementary, he said a reasonable tax rate helps increase voluntary compliance whereby people pay their taxes. Reasonable tax rates lead to voluntary compliance in paying taxes and government has means like search and seizure to make p
Jul 25, 2014 03:49 PM
The global financial crisis triggered a deep downturn for the British economy. By mid-2009, GDP was more than 7 per cent below its pre-recession level. Official figures show Britain’s economy has surpassed its pre-recession size for the first time
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