Banks need to push digital plans now; pandemic an opportunity to revive products, services: Former RBI deputy governor
Asserting that data confidentiality and infrastructural challenges are critical in the banking industry, Khan said many banks lack common shared repositories and databases, which have now become important.
Taxation experts have welcomed the measures announced by the government, saying these steps will add up to 2-3 percent of GDP but will go a long way in addressing the issue of liquidity and deferment of payment obligations
Budget 2020: Startup sector needs relevant reforms, right support and opportunities to play crucial role in India's growth
To reduce startup 'infant mortality' and encourage angel investments, risk-taking, creation of jobs, it is hoped the government will allow for tax exemption for amounts invested in accredited startups.
CJI SA Bobde calls for speedy resolution of tax disputes, says move will free funds locked in litigation
The Chief Justice said tax judiciary plays a very important role in resource mobilisation of the country and expressed concern over pendency of cases.
Finance Minister Nirmala Sitharaman on Tuesday said the government is taking various steps to simplify taxation system and eliminate harassment of honest taxpayers
From GST to Insolvency and Bankruptcy Code, Arun Jaitley, Modi's consensus man, defied status quo after a lull in policymaking
Arun Jaitley spearheaded the consensus generation process interacting with opposition ruled states and finally managing to get the required approval from majority states.
Penal action for violation of CSR norms: Modi govt going after asset creators as if profit-making is a crime
In contrast, Modi has strengthened the command-and-control bureaucratic structure and seems to be doubling down on Gandhian socialism as the backbone of economic policymaking
As part of the revised terms, State Bank of India, the largest bank in the country by assets has decided to halt lending to dealers of Hyundai Motor India unless they provide a minimum of 25% collateral, according to a memo
Asserting that Indian aviation sector has terrific potential, SpiceJet chief Ajay Singh has said imbalances in regulatory and taxation structure need to be corrected for the sector, which can be a bright spot of the economy
Income Tax Department proposes new norms for taxing MNCs in India; invites comments from stakeholders
MNCs incurring global losses or a global profit margin of less than 2% and have operations in India will be deemed to have made a profit of 2% of Indian revenue or turnover and will be taxed accordingly.
Budget 2019 must focus on diversifying sources of govt revenue; over-reliance on taxes is axing benefits of welfare schemes
If governments do diversify their revenue portfolio, they would not only get insurance against unforeseen shocks to their leading revenue source but also obtain the policy space to adopt innovations that potentially axe such welfare-reducing policies.
Union Budget 2019 to be presented on 1 February: All you need to know about the govt's expenditure plan
The Union Budget is the most comprehenseive report of the government's finance in which revenues from all sources and outlays for all activities are consolidated.
Budget 2019: Adhering to 3.3% target is not sacrosanct, fiscal management allows for enough flexibility to make numbers look agreeable
Fiscal deficit target is perceived as being the quickest indicator of fiscal discipline being pursued in the country.
BJP to filter questions for Narendra Modi from workers after 'embarrasment' during live interaction programme, says party source
The incident reportedly occurred during Modi's interaction with "booth workers" from northern districts of Tamil Nadu and Puducherry.
Referring to an incident that took place last week during Narendra Modi's interaction with "booth workers" in Tamil Nadu, Rahul Gandhi said, "BJP-vetted" questions is a superb idea, but the party should also "consider vetted answers"
India's jump in World Bank's Ease of Doing Business rankings 'huge leap in 4 years', says Arun Jaitley
Arun Jaitley made the statement after the World Bank released its latest Ease of Doing Business rankings, in which India jumped 23 places to the 77th position from the 100th.
Auto industry body SIAM on Thursday asked the government for long-term policy for promoting electric mobility in the country, saying the absence of such guidelines is not helpful to the industry to plan future investments
Extended IT returns filing deadline ends at midnight on 31 August; belated returns to attract a fine of up to Rs 10,000
Over five crore income-tax returns were filed till 30 August and 20 lakh returns were filed on 30 August.
Filing income tax return as said in the earlier pieces is a fairly simple affair but if one has avoided tax wittingly or unwittingly by investing in the names of near and dear ones, it is better to call for the services of experts
Arvind Subramanian's three principles to ease formalisation woes: It's time these suggestions are acted upon
Why should a government that pushed demonetisation allow tax officials to set the taxation agenda that affects lakhs of small enterprises?