Sanjeeb Mukherjee &Amp; Vrishti Beniwal

Stories by Sanjeeb Mukherjee &Amp; Vrishti Beniwal

I-T dept doesn't know what to do with money from Kejriwal fans

I-T dept doesn't know what to do with money from Kejriwal fans

Rediff.com   3 Oct 2011

Kejriwal's supporters have bombarded Income Tax offices with cheques and demand drafts, offering to pay his tax dues.

More high-value deals on I-T radar

More high-value deals on I-T radar

Rediff.com   28 Sep 2011

Under pressure on the black money issue, the government plans to monitor high-value savings and investments more closely to net tax evaders.

Government mulls multi-year approach in Budget planning

Government mulls multi-year approach in Budget planning

Rediff.com   26 Sep 2011

Budget documents in the future may give a preview of the government's finances for the next few years. The finance ministry is considering moving to a multi-year approach in budgeting to utilise resources better and bring in more transparency in accounting, according to official sources.

E-filing of excise, service tax returns mandatory

E-filing of excise, service tax returns mandatory

Rediff.com   20 Sep 2011

E-filing through the Centre's online tax payment application Automation of Central Excise and Service Tax will be a must not only for returns due after October 1, but also for returns of past periods which have not been filed yet or are to be revised.

Disclose black money kept abroad and pay less!

Disclose black money kept abroad and pay less!

Rediff.com   15 Sep 2011

Proposed scheme will not provide immunity to tax defaulters.

FM to revive investor interest during US visit

FM to revive investor interest during US visit

Rediff.com   5 Sep 2011

The four-day tour, beginning September 21, includes World Bank-International Monetary Fund meetings, as well as interactions with investors.

GST: State ministers fly to Europe to take lessons

GST: State ministers fly to Europe to take lessons

Rediff.com   1 Sep 2011

Top ministers from about 20 states and some officials from the finance ministry are leaving for a 10-day trip to Europe next week.

Top guns fail to walk the talk

Top guns fail to walk the talk

Rediff.com   30 Aug 2011

This is not the first time that industry has been slow in responding. The finance ministry had to send repeated reminders to industry captains to get feedback on quite a few discussion papers in recent times.

Industry wait for new bank licences may get longer

Industry wait for new bank licences may get longer

Rediff.com   26 Aug 2011

Industry's wait for new bank licences may get a bit longer as the Reserve Bank of India's (RBI's) suggestions to amend the Banking Regulation Act will not be incorporated in the report of the Standing Committee on Finance in the Banking Laws (Amendment) Bill, 2011.

Will not join rich men's OECD for now: India

Will not join rich men's OECD for now: India

Rediff.com   23 Aug 2011

At present, India is only a member of various committees of the 34-member organisation.

Plan panel scales down fiscal targets

Plan panel scales down fiscal targets

Rediff.com   23 Aug 2011

The Planning Commission projected the Centre's fiscal deficit to come down to three per cent of the gross domestic product.

Record rain improves crop acreage

Record rain improves crop acreage

Rediff.com   22 Aug 2011

Rains were 26 per cent above normal across the country.

Only e-payments by PSBs from Sept 1

Only e-payments by PSBs from Sept 1

Rediff.com   22 Aug 2011

Move aimed at speeding up process, checking corruption in funds' transfer.

Govt gets cracking on key reforms hanging fire

Govt gets cracking on key reforms hanging fire

Rediff.com   15 Aug 2011

Nine advisory committees to suggest sector-wise solutions.

FinMin mulls zero interest on refunds to firms

FinMin mulls zero interest on refunds to firms

Rediff.com   22 Jul 2011

This at a time companies have asked the revenue department to increase the rate in view of higher bank rates.

Govt earns huge tax from big corporate deals

Govt earns huge tax from big corporate deals

Rediff.com   13 Jul 2011

Finance ministry officials said they were scrutinising many deals, but the actual tax liability would depend on many factors, including the kind of payment (royalty, interest, stake sale) and the Double Tax Avoidance Agreement with the country where the foreign company was based.

12th plan approach paper to focus on governance

12th plan approach paper to focus on governance

Rediff.com   12 Jul 2011

As the country grapples with a string of corruption issues, the approach paper to the 12th Five-Year Plan, which is in final stages of preparation by the Planning Commission, will focus prominently on governance issues.

Food ministry faces problem of plenty

Food ministry faces problem of plenty

Rediff.com   11 Jul 2011

The wheat procurement season has ended in most big foodgrain-growing states with an all-time high purchase of almost 28 million tonnes (mt), creating a problem of storing such huge stocks.

Centre for lowering APL grains price for states

Centre for lowering APL grains price for states

Rediff.com   4 Jul 2011

Officials said the Centre would have to bear an additional subsidy burden of Rs 4,161 crore this financial year, if this proposal was implemented.

Panel for reform in spending basics

Panel for reform in spending basics

Rediff.com   30 Jun 2011

The accounting system of the central and state governments may change considerably, with a high-level committee suggesting sweeping changes in how expenditure is classified in Budget documents.