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Income Tax dept identifies 90 lakh high value transactions without quoting PAN

Jul 22, 2016

Income Tax dept identifies 90 lakh high value transactions without quoting PAN

The high-value transaction trails were detected following the department’s drive to bring to book maximum amount of black money during the one-time compliance window closing on September 30 #finance ministry #AIR #Income tax #Revenue Secretary #PAN #IDS #Annual Information Returns #saving bank account #Unique Transaction Sequence Number
Citing practical issues, govt extends black money tax payment date till September 2017

Jul 14, 2016

Citing practical issues, govt extends black money tax payment date till September 2017

The first installment of 25% will have to be paid by November 2016 followed by another installment of 25% by 31 March, 2017, and remaining amount to be paid to the exchequer by 30 September, 2017 #finance ministry #CBDT #black money tax payment
Cabinet reshuffle: In one fell swoop, Narendra Modi got his mojo back

Jul 07, 2016

Cabinet reshuffle: In one fell swoop, Narendra Modi got his mojo back

Tuesday's expansion puts to rest conjectures that Modi is a weaker personality than previously assumed and restores much of PM's mojo as a strong-willed, decisive, dynamic leader who places results and merit above all other metrics and commands unswerving obedience from colleagues. #BJP #finance ministry #Narendra Modi #Portfolio #Subramanian Swamy #Arun Jaitley #Ravi Shankar Prasad #Cabinet reshuffle #Smriti Irani #Sadanand Gowda #Venkaiah Naidu #HRD Ministry #Amit Shah. Prime Minister #Praksh Javadekar
Policy to scrap old vehicles submitted to finance ministry: Gadkari

Jul 06, 2016

Policy to scrap old vehicles submitted to finance ministry: Gadkari

Gadkari had earlier said the policy will boost automobile industry turnover over four-times to Rs 20 lakh crore in the next five years. #finance ministry #NewsTracker #Nitin Gadkari #Automobile industry #Ministry of Road Transport and Highways #Voluntary Vehicle Fleet Modernisation Plan
Finance ministry takes to Facebook, defends Shaktikanta Das in Chennai deal

Jul 05, 2016

Finance ministry takes to Facebook, defends Shaktikanta Das in Chennai deal

In the Facebook post, the ministry said the entire terms of allotment are approved by the state cabinet and the orders are issued by the secretary (Industries). #facebook #finance ministry #NewsTracker #Subramanian Swamy #Arun Jaitley #Shaktikanta Das #Sanmina SCI Corporation
Govt to make first round of capital infusion in PSBs soon

Jul 04, 2016

Govt to make first round of capital infusion in PSBs soon

The Finance Ministry has finalised plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders within next few weeks. #finance ministry #Government #public sector banks #NPAs #PSU banks #bad loans #capital infusion #Finance Minister Arun Jaitley #Indradhanush
Cabinet clears 7th pay panel recommendations; govt staff salaries to rise

Jun 29, 2016

Cabinet clears 7th pay panel recommendations; govt staff salaries to rise

Overall increase including salaries, allowances and pension will be 23.55 percent, involving an additional burden of Rs 1.02 lakh crore or nearly 0.7 percent of the GDP #finance ministry #Pension #One Rank One Pension #7th Pay Commission #Ashok Lavasa
Swamy's new veiled attack: Ministers in coats and ties 'look like waiters'

Jun 24, 2016

Swamy's new veiled attack: Ministers in coats and ties 'look like waiters'

Taking his attack to those in the Finance Ministry to a new level, BJP MP Subramanian Swamy today issued veiled threat to those asking him to follow restraint saying if he "disregarded discipline there will be a bloodbath." #BJP #finance ministry #NewsTracker #Subramanian Swamy #Raghuram Rajan #Arvind Subramanian
Panama papers probe: Multi-agency group submits three reports to govt

Jun 22, 2016

Panama papers probe: Multi-agency group submits three reports to govt

Multi-agency group probing Panama papers, which named around 500 Indians who have allegedly stashed money in offshore entities, has submitted three reports. #World #India #Business #Black money #finance ministry #NewsTracker #NDA #Panama papers probe #SBDT
FIPB to consider 14 foreign investment proposals on June 10

Jun 06, 2016

FIPB to consider 14 foreign investment proposals on June 10

As many as 14 foreign investment proposals including that of IBM India, Janalakshmi Financial Services and Macmillan Publishers International will come up for consideration before the inter-ministerial body FIPB later this week. #finance ministry #FIPB #FDI proposals #IBM India #Oxigen Services #Economic Affairs Secretary Shaktikanta Das #Bayer Vapi #Flag Telecom Singapore Pte