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Draft financial code: By undermining RBIs independence, govt is playing with fire

Jul 25, 2015

Draft financial code: By undermining RBIs independence, govt is playing with fire

Stripping the powers of the RBI in doing what it does best will be one of the biggest policy blunders of the Narendra Modi government. The government shouldnt do that #ThatsJustWrong #Inflation #Interest rate #finance ministry #TAC #MPC #RBI independence #Financial Code
Govt to take action on Shah panel report on MAT soon: finance ministry

Jul 24, 2015

Govt to take action on Shah panel report on MAT soon: finance ministry

The panel, headed by Law Commission chairman AP Shah, included former chief economic advisor Ashok Lahiri and Chartered Accountant Girish Ahuja as other two members. #Economy #finance ministry #Supreme Court #Income Tax Department #Arun Jaitley #Bombay High Court #FII #Minimum Alternate Tax #Shaktikanta Das #Justice AP Shah Committee #Castleton #Ashok Lahiri #Girish Ahuja
Draft financial code: RBI governor may be striped off veto power in rate decision

Jul 24, 2015

Draft financial code: RBI governor may be striped off veto power in rate decision

Currently, the RBI Governor consults a Technical Advisory Committee, but does not necessarily go by the majority opinion while announcing monetary policy stance #Inflation #RBI #Interest rate #finance ministry #TAC #MPC #draft financial code #veto power
Centre, states working to meet GST roll out deadline, says revenue secretary

Jul 22, 2015

Centre, states working to meet GST roll out deadline, says revenue secretary

The passage of the bill on GST in Parliament and its ratification by 50 percent of the state assemblies will pave the way for implementation of the indirect tax regime. #Economy #finance ministry #NewsTracker #GST #Indirect tax #Shaktikanta Das #GST Council
Land Bill stuck in Parliament: Modi may have to rethink Arun Jaitley as FM

Jul 21, 2015

Land Bill stuck in Parliament: Modi may have to rethink Arun Jaitley as FM

If the Modi government fails to get jobs and growth up, it will be because his finance minister is not upto the task #India #Finance minister #BJP #finance ministry #Narendra Modi #InMyOpinion #Government #Arun Jaitley #Tax #GST #parliament #Monsoon session
Zoom Developers' saga shows collateral safety is a myth; banks are sitting ducks

Jul 03, 2015

Zoom Developers' saga shows collateral safety is a myth; banks are sitting ducks

Jaitley should hurry on legislating a bankruptcy law; it is critical for the recovery of bank loans in many similar cases #RBI #finance ministry #Vijay Mallya #Loan recovery #Bankruptcy law #Zoom Developers #wilful defaulter #Bank NPAs #Vijay Choudhary
More than its value: RTI query reveals cost of printing a one-rupee note is Rs 1.14

Jul 02, 2015

More than its value: RTI query reveals cost of printing a one-rupee note is Rs 1.14

The cost of printing one rupee note, which was recently re-introduced after a gap of 20 years, is Rs 1.14, more than its value, an RTI query has revealed. #finance ministry #Rupee #One #RBI Governor
Finance ministry assessing capital requirement of public sector banks

Jun 24, 2015

Finance ministry assessing capital requirement of public sector banks

The total government support provided to public sector banks towards capitalisation during the past four years was Rs 58,634 crore. #finance ministry #Arun Jaitley #Allahabad Bank #Punjab National Bank #IDBI Bank #UCO Bank #United Bank of India #Oriental Bank of Commerce #Punjab & Sindh Bank
Simplified income tax returns forms notified: Deadline for filing 31 Aug, Aadhaar number mandatory

Jun 24, 2015

Simplified income tax returns forms notified: Deadline for filing 31 Aug, Aadhaar number mandatory

The new ITRs have replaced the 14-page form that were notified earlier this year, triggering a major controversy with individuals, industrialists and MPs saying tax filing would become cumbersome as those forms had sought details including foreign trips and bank accounts details. #Economy #finance ministry #Aadhaar #PolicyWatch #Income tax #Aadhaar scheme
Now plastic route to plug black money: Govt mulls tax benefits for card payments, cash wallets

Jun 23, 2015

Now plastic route to plug black money: Govt mulls tax benefits for card payments, cash wallets

Government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money. #Business #India #RBI #finance ministry #Banking #NewsTracker #Arun Jaitley