Finance minister Arun Jaitley does not believe in living on borrowed money. This means the government will not overshoot limits imposed on fiscal deficit. However, to maintain 4.1% f
Few days back the budget of Rajasthan state was presented with a tax revenue figure of Rs 47096.05 crore. Compare this with the amount that top 10 borrowers have taken loans from public sector bank
Union finance minister Arun Jaitley has termed tax notices sent to around 100 overseas funds as as legitimate tax demand and not tax terrorism. Jaitley said taxes need to be paid where the demand w
Prime minister Narendra Modi on Wednesday launched Mudra Bank, which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for `micro-finance institutions` (MFIs).
The black money bill is likely to be taken up for consideration in the Lok Sabha on Monday. The legislation, known officially Undisclosed Foreign Income and Assets Bill, provides for heavy penaltie
Income tax return or ITR forms will be "far more simplified" assured Finance Minister Arun Jaitley on Saturday. However, there was clarity on the disclosure of bank accounts and f
Finance Minister Arun Jaitley has assured that the honest taxpayers have nothing to fear about the new black money law. Addressing the annual conference of top income tax officials o
Finance minister Arun Jaitley has been playing the pivotal role when it comes to ensuring the delivery of a slew of initiatives the prime minister has been taking over the past year. His hands
Finance minister Arun Jaitley has left for the US on Tuesday to hold multi-city economic road shows to sell India’s growth story after vigorously defending his cabinet colleague Susham Swaraj
The government has unveiled an ambitious programme to increase agriculture sector output and efficient management of water resources. For this it will spend Rs 50,000 crore over the next five years
This could be mother of all data. Finance minister Arun Jaitley has released socio-economic caste census for 2011, which will form basis for governments targeted policy planning. The current figure
Energy companies spent the highest on corporate social responsibility (CSR) initiatives. The energy sector was followed by financial services and IT when it came to firms that committed to CSR.
Aadhaar will receive legislative sanction with the government ready to introduce National Identification Authority of India (NIAI) Bill in the parliament. Finance minister Arun Jaitl
The government is planning to set up a high-level panel to effectively deal with the issue of bad loans or the non performing assets (NPAs). "That was discussed at the meeting o
It was no less than a roller-coaster ride for Aadhaar, a programme formulated by the UPA government to assign a 12-digit unique number to every Indian resident. From the time it came into being in
Even as the country lacks a legal framework to safeguard individual privacy and data security, the government is planning to integrate Aadhaar database, updated national population register (NPR) a
The government brought in the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016, to give statutory backing to the Aadhaar scheme launched in 2009. While
Showing confidence in the Indian economy, finance minister Arun Jaitley said that India will be able to maintain the growth level of 7-7.5 percent despite challenges in the global economy. Speaking
Now that the rail budget has chugged into history, the spotlight needs to be turned on the annual financial statement in Article 112 of the Constitution of India – better known as the general
We had two parallel exercises in the government for the last 30-40 years. Every time we had a discussion on economic policy or budget there always was discussion on rationalisation of subsidies. An
The prime minister has directed MPs of his Bharatiya Janata Party (BJP) to declare their bank transactions to the president of the party in a bid to lead by example to come clean on their actions a
This is what Arun Jaitley had to say: We want to take action which may either want to have an assault on what is the shadow economy or the parallel eco
Some think there is only one way to score a bull’s eye, by hitting the bull’s eye. Then there are creative souls, who first shoot, and then draw a bull’s eye around the
Last year the nation marked the 25th anniversary of the launch of economic liberalisation. Back in those tumultuous days, Yashwant Sinha was an important part of the dramatis personae involved
Goods and Services Tax (GST) has been simplified for small businesses and exporters. Here are the key changes that were introduced following a GST council meeting that was chaired by
The Congress has criticised the changes made in the Goods and Services Tax (GST), say
The interim budget for 2019-20, presented by the interim finance minister Piyush Goyal, is predictably focused on the coming elections. From agriculture to defence, and pleasing the middle class, t
The interim budget for 2019-20, presented by the interim finance minister
Aiming to dispel the clouds of a slowdown, the government on Friday announced a series of measures including corporate tax breaks to revive economic activities. The stock market, depressed for a wh
The budget season is here, and the annual document has gone to print, beginning the lock-in period till its presentation in parliament on February 1. The Halwa ceremony, marking the
Presenting the first union budget of the third decade of the century, finance minister Nirmala Sitharaman on Saturday unveiled a series of far-reaching reforms, aimed at energizing the Indian econo
Finance minister Nirmala Sitharaman presented the union budget for 2020-21 on Friday, providing significant relief in particular to middle-class taxpayers. Here are the main proposals related to ta
“Our prime minister has laid before us ‘Ease of Living’ as a goal to be achieved on behalf of all citizens,” said minister for finance Nirmala Sitharaman while presenting th
As the coronavirus outbreak is impacting the economy, the government on Tuesday came out with a package to provide relief to various sectors of the economy. Addressing the press thro
As COVID -19 cases continue to rise amid a 21-day lockdown, the centre and the states are proactively taking measures to provide aid to the underprivileged and the needy during this unprecedented s
To revive an economy badly hit by Covid-19 and the resulting long lockdown, the government has announced yet another stimulus package, putting more money in the hands of citizen just in time for th
Union minister for finance & corporate affairs Nirmala Sitharaman on Wednesday chaired the last of a series of pre-budget consultation meetings for the union budget 2021-22, interacting via vir
With the clear intent of achieving fiscal targets and affirming the government’s commitment towards prudent fiscal management and boosting investments, finance minister Nirmala Sitharaman pro
The Union Budget 2021-22 presented in Parliament on Monday by the finance minister Nirmala Sitharaman seeks to further simplify the tax administration, litigation management and ease the compliance
Finance Minister Nirmala Sitharaman on Monday presented in Parliament the Union Budget 2021-22, the first budget of this new decade and also a digital one against the backdrop of unprecedented COVI
In the budget speech on Monday, finance minister Nirmala Sitharaman drew the attention of the Parliament on the fact that the pandemic’s impact on the economy has resulted in a weak revenue i
Finance minister Nirmala Sitharaman in her budget speech on Monday announced the total budget allocation Rs 54,873.66 crore for school education and Rs 38,325.15 crore for higher education in Budge
Union minister of finance and corporate affairs Nirmala Sitharaman Wednesday unveiled the fourth edition of the Public Sector Bank (PSB) Reforms Agenda for 2021, called ‘EASE 4.0’, in M
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman said that overall improvement of health infrastructure will help build the confidence of the peopl
The Union Budget, tabled in Parliament by finance minister Nirmala Sitharaman on Tuesday, seeks to complement macro-economic level growth with a focus on micro-economic level all inclusive welfare.
Finance Minister Nirmala Sitharaman Tuesday announced the introduction of Digital Rupee to be issued by the Reserve Bank of India starting 2022-23. Presenting the Union Budget 2022-23 in the Parlia
The government aims to attain the vision of promoting energy transition and climate action during the “Amrit kaal”. While presenting the Union Budget 2022-23 in Parliament Tuesday, Fina
Welcoming the finance minister’s budget announcement of the introduction of Digital Rupee, Nischal Shetty, founder and CEO, WazirX, a bitcoin exchange platform that allows users to buy or sel
Escalating tensions between Russia and Ukraine have made the Indian government worried if the market situation is conducive but it will go ahead with the upcoming initial public offering of the sta
Finance minister Nirmala Sitharaman will be presenting the Budget for FY2024-25 on February 1, 2024. Since this is an election year, the finance minister will table a “vote-on account”
With the return of the NDA to power in the recently concluded Lok Sabha elections, all eyes are now on finance minister Nirmala Sitharaman’s full budget for the FY 2024-25. The interim budget
India’s real GDP is projected to grow 6.5–7 per cent in 2024-25. The Indian economy recovered swiftly from the pandemic, with its real GDP in FY24 being 20 per cent higher than the pre-
Finance minister Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament on Tuesday. The highlights of the budget are as follows: Part-A
SUMMARY OF THE UNION BUDGET 2024-2025 Key points INDIA’S INFLATION CONTINUES TO BE LOW, STABLE AND MOVING TOWARDS THE 4
Several attractive benefits to provide tax relief to salaried individuals and pensioners opting for the new tax regime were announced by finance minister Nirmala Sitharaman while presenting the Uni
