Keyword : Tax

RBI governor for better education loans regime

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

Finance panel wants more funds for states and centre agrees

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

GST bill goes to Rajya Sabha panel after LS okay

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

Maharashtra goes for single licence concept for industries

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

Tax free bonds of NTPC get massive response

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

Fat tax: Indeed a weighty matter

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

CAG spots opaqueness in government finances

“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

Tax collections go up

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

Debunking ersatz tax theories

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

CAG spots avoidable loss of Rs 1,394 crore to Jharkhand’s revenue

  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

Oil minister meets Odisha CM over IOCL impasse

 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

India has large and growing horizontal fiscal imbalances: Report

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

Key recommendations for Budget 2018 for better healthcare

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

GST: 50 percent increase in indirect taxpayers

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

Ten new facts on Indian economy, according to Economic Survey

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

10 things people expect from budget 2018

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

Rs 171.15 crore was revenue in India’s first budget

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

Let’s make the budget more meaningful

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

GST: Minor shortfall in central government revenue

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

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