Reserve Bank of India governor Raghuram Rajan on Saturday sought better student loan schemes as he felt that there were lot of stress on education loans. Taking the theme of rationalizing t
The GST (good and services tax) may meet less resistance with the government on Tuesday accepting suggestion of the 14th Finance Commission to raise share of states in central taxes to 42% fr
The GST Bill has been referred to Select Committee of Rajya Sabha. It will be headed by Bhupendra Yadav. The report of the committee will be placed before house on last day of first week of next se
The Maharashtra cabinet on Monday decided to relax rules for promoting investment in the state. It gave investors virtually one ticket for industrial licence. Accordingly, those who have availed pe
NTPC’s public issue of tax-free bonds received a massive response from investors with the subscription amount touching Rs 4,417.58 crore. The total issue size is of Rs 700 crore. The highest
Kerala imposing a tax on junk food, now popularly referred to as fat tax, puts the spotlight on rising obesity, an issue that should have been addressed quite some time. Chubby kids
“Opaqueness was noticed in 32 receipts and expenditure major heads wherein more than 50 percent of total expenditure and receipts were recorded under minor head - Other Expenditure/Other Rece
Direct tax and indirect tax collection figures for the period April 2016 to December 2016 have shown a positive trend as direct taxes grew by 12.01% and indirect taxes went up by 25% over the corre
Demonetisation has had some intended and many strange and unintended consequences. It appears that the zeal to reform the economy post-demonetisation has permeated to the general public, which has
An audit of Jharkhand’s revenue sector carried out by the Comptroller and Auditor General (CAG) relating to taxes showed it were either not or short levied and loss of ta
In order to resolve a tax-dispute between Indian Oil Corporation Limited (IOCL) and government of Odisha, a meeting was held between minister of state (I/C) for petroleum & natural gas Dh
Fiscal transfers from the centre to states are critical in India. Unlike in many developed federations when the tax base differentials are not very significant, India has large and growing horizont
In India public sector accounts for only 30 percent of the total healthcare expenditure and investment in building and maintaining public health infrastructure needs priority in the upcoming budget
A preliminary analysis of the Goods and Services Tax (GST) data reveals that there has been a 50 percent increase in the number of indirect taxpayers, besides a large increase in voluntary registra
Did you know that there has been a large increase in registered taxpayers, exports of readymade garments is on a high and the Indian society exhibits a strong son ‘meta’ preference? The
When finance minister Arun Jaitley rises to present the union budget 2018 in parliament on Thursday, most Indians will be hoping that he leaves them with more money in their pockets. &nbs
India’s first budget was presented by RK Shanmukham Chetty, minister of finance, on November 26, 1947. Here are the key highlights of the budget for the y
Cloaked in obsessive secrecy, our budget process is rooted in our colonial past. By a single document, the government tries to lay down the roadmap of the economy for the coming financial year. I
There is a minor shortfall in central government’s revenue following the implementation of GST, finance minister Arun Jaitley informed parliament. He said that at
