FM pitches for rationalisation of GST rates once a year
AMN / KOLKATA Finance Minister Nirmala Sitharaman has pitched for rationalisation of GST rates once a year, not every 3 months as was the trend so far. Interacting with Trade…
Exit-polls in Delhi call for PM to overhaul economic policy
By SUBHASH CHANDRA AGRAWAL Strong wave in favour of Aam Admi Party (AAP) as unanimously predicted by all exit-polls conducted by various agencies and TV news-channels despite full force induced…
IMF says Sri Lanka’s economy gradually recovering from last year’s Easter Sunday terrorist attacks
The International Monetary Fund (IMF) has said Sri Lanka’s economy is gradually recovering after Easter Sunday terrorist attacks last year with GDP growth projected at 3.7 percent in 2020. An…
Vivad Se Vishwas Bill to ease compliance by taxpayers tabled in Lok Sabha
Staff Reporter / NEW DELHI Minister for Finance Nirmala Sitharaman today introduced a bill in the Lok Sabha, The Direct Tax Vivad Se Vishwas Bill 2020, to provide for the…
Cabinet approves amendment to bring cooperative banks under control of RBI
Staff Reporter / New Delhi Union Cabinet has decided to bring Cooperative banks under the regulatory mechanism of Reserve Bank of India. Briefing media persons after the Cabinet meeting, Information…
Broader tax base would allow tweaking of tax rates: Chairman, CBDT
By ADITYA RAJ DAS / NEW DELHI The government today indicated that as the tax base gets broader, there is a chance of tweaking the tax rates as there is…
PMC Bank’s license not cancelled, also no merger request received: RBI
WEB DESK Reserve Bank of India has informed that the license of Punjab and Maharashtra Co-operative Bank, PMC, has not been cancelled and they have not received any request for…
New natural gas field containing 80 trillion cubic feet of gas discovered in UAE
WEB DESK The United Arab Emirates today announced the discovery of a new natural gas field containing 80 trillion standard cubic feet of gas in the cross-border area of the…
NRI tax not to apply on workers in Middle East, clarifies govt
WEB DESK / NEW DELHI The government on Sunday clarified that the proposed tax on NRIs will not apply on bonafide Indians working in tax-free foreign countries and is intended…
Reaction on Budget: Indian industry hail budget proposals
TN ASHOK / NEW DELHI Corporate sector generally welcomed finance minister Ms Nirmala Sitharaman’s FY 2020-21 budget as one empowering the nation through its reforms and visionary process. The industry…