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FinMin brings new 3-page ITR forms; file returns by Aug 31

Income-Tax-Department_thumbNew Delhi:  The Finance Ministry today came out with new three-page income tax return (ITR) forms, dropping the controversial provision for mandatory disclosure of foreign trips and dormant bank accounts, [...]

May 31st, 2015 | Posted in Business,Highlights,Topnews | Read More »

Jayant Sinha takes charge as MoS in Finance Ministry

jayant toshiba.jpegNew Delhi:  IIT-Delhi and Harvard Business School alumnus Jayant Sinha today took charge as Minister of State in the Finance Ministry. Sinha was briefed by senior officials in the Ministry [...]

November 10th, 2014 | Posted in Business | Read More »

Govt unveils austerity drive; bars First Class travel

AUSTERITY DRIVENew Delhi: Unveiling an austerity drive to cut non-plan expenditure by 10 per cent, government has barred bureaucrats from travelling First Class on overseas visits and have been asked to [...]

October 30th, 2014 | Posted in Business,Topnews | Read More »

Black money study reports yet to be accepted: Finance Ministry

blackmoneyNew Delhi: The Finance Ministry is yet to accept two of the three reports submitted to it on the assessment of black money in India and abroad which were commissioned [...]

October 19th, 2014 | Posted in Business | Read More »

US-based Subramanian likely to be next CEA

Arvind SubramanianNew Delhi: US-based economist Arvind Subramanian is likely to be appointed Chief Economic Advisor in the Finance Ministry. According to sources, his name has been recommended to the Appointments Committee [...]

August 22nd, 2014 | Posted in Nation | Read More »

Govt drafts rules to empower FMC to regulate intermediaries

governmentNew Delhi: The government today issued draft rules to give the commodity markets regulator FMC more powers to effectively regulate the intermediaries of the commodity derivatives markets. Unlike capital markets [...]

August 20th, 2014 | Posted in Business | Read More »

FinMin may double tax exemption limit under 80C to Rs 2 lakh

Arun JaitleySeeking to boost household savings, the Finance Ministry is considering doubling the exemption limit for investments by individuals in financial instruments to Rs 2 lakh [...]

June 30th, 2014 | Posted in Business | Read More »

Rs 8,000 cr service tax evasion detected during 2013-14

Service taxOfficials have detected several cases of tax evasion amounting to about Rs 8,000 crore during 2013-14 fiscal which ended last month [...]

April 6th, 2014 | Posted in Business | Read More »

Bank strike call to be decided after talks with IBA on Jan17

StrikeThe proposed two-day bank strike call given by the United Forum of Bank Unions (UFBU) from January 29 will be finalized only after the crucial conciliation talks with IBA and [...]

January 13th, 2014 | Posted in Business | Read More »

CIL to pay special dividend if stake sale fails: Mayaram

Coal IndiaCoal India will have to dole out a special dividend if it fails to go ahead with the government’s disinvestment plan New Delhi: Coal India will have to dole out [...]

January 8th, 2014 | Posted in Business | Read More »