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New and simplified ITR forms, govt. Notifies 24 June 2015
For the assessment year 2015-16, the IT department has notified the new set of simpler income tax return (ITR) forms for filing the returns. The earlier set of filing the returns has led to many controversies, as it sought details...
Keywords: finance, finance, Finance Ministry, finance
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RBI Announces The Arrival of Rs 200 Notes 23 August 2017
RBI Announces The Arrival of Rs 200 Notes:- Indian Prime Minister Narendra Modi has some massive plans that can make huge changes for the Indian economy in the coming years. He shocked everyone with the demonetization of the currency after...
Keywords: Rs 200 notes updates, Rs 200 notes news, Rs 200 notes news, Rs 200 notes updates
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Oil Companies To Share The Burden After Petrol And Diesel Prices To Be Slashed 23 May 2018
Oil Companies To Share The Burden After Petrol And Diesel Prices To Be Slashed:- The fuel prices in the country reached all time high and the Centre has been facing the heat. The fuel prices will be slashed by Rs...
Keywords: Prime Minister's Office, Petrol and Diesel next, Prime Minister's Office, Petrol and Diesel india prices
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Negotiable instrument bill amended, can be misused 14 May 2015
The Negotiable Instruments (Amendment) Bill 2015 was passed by a voice vote in the parliament. Minister of State for Finance Jayant Sinha insisted that it would boost the "integrity of the financial system" and not lead to the harassment of...
Keywords: lender, lender, cheque-bounce, Finance ministry
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Corporate tax to be lowered to bring it closer to international levels 21 November 2015
Government of India has unveiled the route-map of an ambitious reform plan to rid of its income tax law of exemptions and lower the corporate tax rate to 25% from 30%, and thus bringing it closer to international levels. Tax...
Keywords: Income tax, Arun Jaitley, Arun Jaitley, Income tax
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Filing of income tax returns made user-friendly 01 June 2015
The central government has announced the simplified and thinner income tax return forms, which do away with the need for the unnecessary disclosures on the spending on foreign visits and dormant bank accounts and extended the deadline for filing the...
Keywords: Income tax, Income tax, ITR, Finance ministry
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Aadhar facilitates Direct Benefit Transfer 16 May 2015
The Centre government told the Supreme Court that it will continue with Unique Identification (UID) or Aadhaar card scheme for its multiple benefit to public. The Narendra Modi government made it clear that UID scheme is "voluntary" and not mandatory....
Keywords: Aadhar, UIDAI, Finance ministry, Unique Identification Authority of India
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Centre Transfers Rs 31,000 Cr For The Poor 24 April 2020
Centre Transfers Rs 31,000 Cr For The Poor:- Under Pradhan Mantri Garib Kalyan Package (PMGKP), around 33 crore beneficiaries are given cash support in this crucial coronavirus time. The Finance Ministry issued a statement about the same that the amount...
Keywords: Coronavirus latest, Coronavirus deaths, Coronavirus deaths, Coronavirus deaths
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Union Budget, What’s in stock? 28 February 2015
Finance minister Arun Jaitley will present the first full-year Budget of Prime Minister Narendra Modi's government. Will Modi government's "make or break" fiscal exercise for the promised economic reforms and put India on a long-term high-growth rate. Buget is expected...
Keywords: BJP, BJP, Union budget, NDA
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SEBI to take strict actions on Ponzi schemes 22 April 2015
SEBI has transferred its 20 senior officers from Mumbai to Kolkata in a bid to investigate the illegal collective investment schemes more effectively in the State. West Bengal is known as a major hub of money pooling activities, which is...
Keywords: Forward Markets Commission, Forward Markets Commission, Forward Markets Commission, ponzi schemes
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Government To Auction Dawood Ibrahim's Properties 24 July 2018
Government To Auction Dawood Ibrahim's Properties:- The Union Finance Ministry invited bids to auction one among the properties of underworld don Dawood Ibrahim which is located in Pakmodia street, Mumbai. The reserve price has been locked as Rs 79.43 lakhs...
Keywords: Dawood Ibrahim latest, Dawood Ibrahim updates, Dawood Ibrahim, Dawood Ibrahim new
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GST Bill in Lok Sabha, will it get passed 25 April 2015
Finance Minister Arun Jaitley tabled the Goods and Services Tax Bill in the Lok Sabha for consideration, braving a prolonged wrangling with the Opposition over procedure. Jaitley said that the bill had been already introduced in Lok Sabha on December...
Keywords: Finance ministry, Finance ministry, BJP, Goods and Services Tax Bill
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GST bill, BJP - Congress reaches consensus 05 May 2015
In major relief for the NDA government, Congress has assured that it will support the Goods and Services Tax bill, which means it will clear the parliament with the two-thirds majority which is needed for a constitutional amendment. Finance Minister...
Keywords: BJP, BJP, BJP, Goods and Services Tax bill
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Stringent law to curb black money 18 March 2015
Union cabinet has approved a stringent legislation to curb black money and illegal wealth stashed abroad. The bill will be introduced in the current session of Parliament. The provisions of the bill are as mentioned below:1. Concealment of income and...
Keywords: Black money, Modi, Modi, Modi
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Government takes responsibility of LPG subsidy payments 21 April 2015
In a big boost to domestic oil and gas exploration, the government has decided to exempt state-owned ONGC and Oil India from paying for LPG subsidies, Oil Secretary Saurabh Chandra said today. "Government will fully meet subsidy burden of LPG...
Keywords: Oil secretary, LPG subsidies, LPG subsidies, FICCI
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Centre Promises to Clear Polavaram Project Dues 03 November 2020
Centre Promises to Clear Polavaram Project Dues:- As per the Andhra Pradesh Reorganization Act, the Centre announced Polavaram as a national project. After a series of unexpected episodes and incidents, the Union Finance Ministry agreed to clear the pending dues...
Keywords: Polavaram Project pending dues, Polavaram Project pending dues, Polavaram Project pending dues, Polavaram Project
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Cancellation of 9000 NGOs registration a welcome step 28 April 2015
The Indian government has cracked down on nearly 9,000 NGOs that receive foreign funds. The home ministry has cancelled the registration of these NGOs, since they have failed to comply with rules. Home ministry letter says that 10,343 associations had...
Keywords: Finance ministry, Finance ministry, NGO, FCRA
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2500 crore a day 24 March 2015
Union government will borrow Rs 3.6 lakh crore from the markets in the first half of the next financial year, which is over 50% of the annual target of Rs 6 lakh crore. "We will issue long-term bonds of 40...
Keywords: Union government, Union government, Union government, Fiscal deficit
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Rs 200 Notes Launched: In Banks From Tomorrow 24 August 2017
Rs 200 Notes Launched: In Banks From Tomorrow:- The Reserve Bank of India has been taking quick actions and after a long survey, they decided not to repeat the past mistakes in terms of currency. They are making sure that...
Keywords: Rs 200 Notes new updates, RBI, Rs 200 Notes, Rs 200 Notes news
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No New Government Schemes For A Year Says Centre 05 June 2020
No New Government Schemes For A Year Says Centre:- The Union Finance Ministry said that there would be no new government schemes for a year. This is taken after the coronavirus hit the country badly in all the available ways....
Keywords: Coronavirus, Coronavirus India, Coronavirus, Union Finance Ministry updates
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