Finance Ministry

Showing of 61 - 80 from 1042 results
Finance Ministry - Total results - 1042
Vodafone Idea presses for Rs 7,000 cr tax refund; Income Tax Department hesitant in view of fresh liability
Business

Vodafone Idea presses for Rs 7,000 cr tax refund; Income Tax Department hesitant in view of fresh liability

Sources said Vodafone has to receive an aggregate of about Rs 1,000 crore from Mumbai unit of the Income Tax department and another Rs 6,000 crore from its Delhi office for multiple assessment years dating back to 2004-05

Govt considering to reintroduce restrictions on royalty payments for technology transfer
Business

Govt considering to reintroduce restrictions on royalty payments for technology transfer

Royalty is paid to a foreign collaborator for the transfer of technology, usage of brand or trademarks.

Budget 2020-21: Finance Ministry seeks suggestions for rationalising income tax, other duties
Business

Budget 2020-21: Finance Ministry seeks suggestions for rationalising income tax, other duties

In perhaps the first instance, the finance ministry has kicked off the exercise to formulate the next budget by seeking suggestions on changes in direct and indirect taxes from industry and trade associations

Moody’s lowers India’s outlook to ‘negative’ from ‘stable’: Fundamentals of economy remain robust with inflation under check, says FinMin
Business

Moody’s lowers India’s outlook to ‘negative’ from ‘stable’: Fundamentals of economy remain robust with inflation under check, says FinMin

As India’s potential growth rate remains unchanged, assessment by IMF and other multilateral organizations continue to underline a positive outlook on India, FinMin said in a statement

Nirmala Sitharaman reviews state of economy with RBI, other regulators at FSDC meeting
Business

Nirmala Sitharaman reviews state of economy with RBI, other regulators at FSDC meeting

Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy, including stress in the financial sector, at the meeting of the Financial Stability and Development Council (FSDC)

To tighten grip on black money, Centre likely to introduce more provisions in cash holding limit norms in Budget 2020-21
Business

To tighten grip on black money, Centre likely to introduce more provisions in cash holding limit norms in Budget 2020-21

Top sources said the government is mulling stringent measures which could be announced during the Budget next year to cap the cash holding limit at home or in lockers.

Govt unlikely to go for personal income tax cut amid fiscal stress, lower tax realisation
Business

Govt unlikely to go for personal income tax cut amid fiscal stress, lower tax realisation

The government is unlikely to moderate personal income tax rates for the rich due to fiscal stress on account of lower tax realisation amid a slowdown in the economy, sources said

Govt plans major tax alignments for equities; move aims to boost investor sentiment, bring in more forex
Business

Govt plans major tax alignments for equities; move aims to boost investor sentiment, bring in more forex

The PMO is reviewing the current structure of LTCG tax, the STT and DDT in consultation with the Finance Ministry’s Revenue Department and NITI Aayog.

Govt rolls out 6th tranche of gold bonds; fixes issue price at Rs 3,835 per gram
Business

Govt rolls out 6th tranche of gold bonds; fixes issue price at Rs 3,835 per gram

To cash in on Dhanteras buying spree, the government on Monday rolled out the sixth tranche of sovereign gold bonds

India to boost infra spend from $1.1 trillion in last decade to $1.4 trillion in next 5 years to reach $5 trillion economy, says Nirmala Sitharaman at IMF
Business

India to boost infra spend from $1.1 trillion in last decade to $1.4 trillion in next 5 years to reach $5 trillion economy, says Nirmala Sitharaman at IMF

India, Nirmala Sitharaman said, has taken various steps to enhance infrastructure investment by launching innovative financial vehicles

Delhi HC questions Centre on powers of investigative body set up to probe Panama papers, Bahamas leaks
India

Delhi HC questions Centre on powers of investigative body set up to probe Panama papers, Bahamas leaks

The Delhi High Court on Tuesday queried the Centre on the powers of the Multi-Agency Group set up to probe individuals, including politicians, named in the 'Bahamas leaks' and 'Panama papers leak'.

GST collections dip to 19-month low of Rs 91,916 cr in September; 75.94 lakh returns filed: Finance ministry
Business

GST collections dip to 19-month low of Rs 91,916 cr in September; 75.94 lakh returns filed: Finance ministry

The Goods and Services Tax (GST) collection in September declined to Rs 91,916 crore, as against Rs 98,202 crore in the preceding month, as per government data released on Tuesday

CBDT sacks another 15 high-ranking tax officials as Narendra Modi govt continues crackdown on corruption
India

CBDT sacks another 15 high-ranking tax officials as Narendra Modi govt continues crackdown on corruption

The CBDT said action against senior tax officials is in line with what Prime Minister Narendra Modi said in his address to the nation

CBDT compulsorily retires 15 more senior tax officials as Centre continues crackdown on corruption
India

CBDT compulsorily retires 15 more senior tax officials as Centre continues crackdown on corruption

Sources said the action was in line with Prime Minister Narendra Modi's address to the nation from the ramparts of the Red Fort when he had said some black sheep in the tax administration may have misused their powers and harassed taxpayers,

After Viral Acharya's exit, finance ministry gets nearly 100 applications for post of RBI deputy governor
Business

After Viral Acharya's exit, finance ministry gets nearly 100 applications for post of RBI deputy governor

Nearly 100 candidates have applied for the post of deputy governor of the Reserve Bank of India (RBI) - a position that fell vacant after Viral Acharya resigned six months before the scheduled end of his term

Finance Ministry to hold review meeting with public sector banks today to discuss various issues
Business

Finance Ministry to hold review meeting with public sector banks today to discuss various issues

Finance Minister Nirmala Sitharaman will hold a review meeting with public sector banks (PSBs) on Thursday to discuss various issues, including follow up on transmission of monetary policy rates

Govt likely sell part of Air India stake to foreign airline; may invite preliminary bids by 10 October: Report
Business

Govt likely sell part of Air India stake to foreign airline; may invite preliminary bids by 10 October: Report

The government has moved about Rs 30,000 crore of Air India's debt to a separate holding company, leaving the carrier with roughly another Rs 30,000 crore of debt.

Finance ministry may not infuse any additional funds into Air India this financial year; Rs 2,600 cr to be used to pay off interest
Business

Finance ministry may not infuse any additional funds into Air India this financial year; Rs 2,600 cr to be used to pay off interest

AIAHL — the special purpose vehicle of Air India — mopped up Rs 7,000 crore through bonds on Monday and the issue was oversubscribed more than 20 times.

Govt mulling another booster dose to reinvigorate economy; FM will announce stimulus in next few days
Business

Govt mulling another booster dose to reinvigorate economy; FM will announce stimulus in next few days

The finance ministry is working on one more booster dose to give a leg-up to the economy that has hit over the six-year low of 5 percent, a senior finance ministry official said

CBI to question Indrani Mukherjea in Byculla prison today over INX Media case
India

CBI to question Indrani Mukherjea in Byculla prison today over INX Media case

Central Bureau of Investigation (CBI) on Tuesday is scheduled to question Indrani Mukerjea, who recently turned approver against P Chidambaram in the INX Media case