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Currency tonic: Govt to infuse additional Rs 800 crore into Air India

Jul 31, 2015

Currency tonic: Govt to infuse additional Rs 800 crore into Air India

The amount sought for making investment in Air India is part of the first supplementary demands for grant presented in Parliament by Finance Minister Arun Jaitley. #air india #finance ministry #Civil Aviation Ministry #NewsTracker #Arun Jaitley #DGCA #turn-around plan #service tax #Flight Operations Inspectors #Mahesh Sharma
Govt drafting model legislations for GST implementation: CBEC

Jul 17, 2015

Govt drafting model legislations for GST implementation: CBEC

Model legislations to implement the Goods and Services Tax are being prepared and will be put up for comments from stakeholders after Parliament approves the GST Constitution Amendment Bill, a tax department official said on Friday. #Economy #NewsTracker #Goods and Services Tax #Tax department #GST Bill
IATA urges aviation ministry to remove service tax on overflights

Jul 14, 2015

IATA urges aviation ministry to remove service tax on overflights

In his speech, the aviation minister said there were different laws and regulations in different countries and India would have to develop its own, keeping in mind the prevailing circumstances. #Business #NewsTracker #Aviation #IATA #service tax #CII #Tony Tyler #corporate #Ashok Gajapathi Raju
Parliament's monsoon session will not be disrupted over Lalit Modi row, says Arun Jaitley

Jul 02, 2015

Parliament's monsoon session will not be disrupted over Lalit Modi row, says Arun Jaitley

Finance Minister Arun Jaitley on Thursday brushed aside concerns of Parliament's upcoming monsoon session being disrupted over the Lalit Modi controversy #Finance minister #Congress #BJP #sushma swaraj #NewsTracker #Lalit Modi #Arun Jaitley #Goods and Services Tax #Monsoon session #Land Acquisition Bill #Vasundhara Raje
IPO-headed IndiGo faces litigations involving Rs 1,114 cr

Jul 01, 2015

IPO-headed IndiGo faces litigations involving Rs 1,114 cr

In the nine months ended December 2014, IndiGo posted a profit of Rs 720.84 crore on revenues of Rs 10,359.79 crore. #Business #Aviation #IPO #CompanyWatch #IndiGo #equity #service tax #VAT #Offer for sale #Interglobe Aviation
Path to 10% growth not impossible, says Jaitley

Jun 20, 2015

Path to 10% growth not impossible, says Jaitley

Jaitley said in the coming years India's manufacturing sector "is going to up" significantly and cited the Make in India programme, coal mine auction and steps to boost up small scale industries in the rural areas. #Economy #NewsTracker #Arun Jaitley #Goods and Services Tax #Coal mine #American Enterprise Institute #Swachh Bharat Abhiyan
Service tax only in AC restaurants; effective rate 5.6%

Jun 09, 2015

Service tax only in AC restaurants; effective rate 5.6%

Restaurants, eating-joints or messes, which do not have the facility of air-conditioning or central-heating in any part of the establishment are exempt from service tax. #Economy #finance ministry #PolicyWatch #service tax #Education Cesses
PAN card gets costlier by Re 1 after service tax hike

Jun 02, 2015

PAN card gets costlier by Re 1 after service tax hike

Under the new rates for a PAN card to be obtained in India, the government will charge Rs 93 as the processing fee and the new Service Tax levied on its is Rs 13.02 which makes the new total of Rs 106. #Economy #Income tax #service tax #2012-13 New Trains #PAN card
Eating out, holidays, phone calls to cost more from today as service tax raised to 14%

Jun 01, 2015

Eating out, holidays, phone calls to cost more from today as service tax raised to 14%

Some of the key services that will attract higher tax and hence become costlier are: railways, airlines, banking, insurance, advertising, architecture, construction, credit cards, event management and tour operators. #service tax #Airline tickets #Education cess #Train tickets #Swachh Bharat