Vrishti Beniwal

All stories by Vrishti Beniwal

FM plans Rs 13,000 crore carrot to clear GST bottlenecks

FM plans Rs 13,000 crore carrot to clear GST bottlenecks

Rediff.com8 Dec 2014

Finance Minister Arun Jaitley, who is meeting state finance ministers on Thursday to garner support for the Constitution Amendment Bill for a goods & services tax (GST), is likely to immediately dole out about Rs 13,000 crore (Rs 130 billion) in Central Sales Tax (CST) compensation to states.

Is the ambitious Jan Dhan scheme losing steam?

Is the ambitious Jan Dhan scheme losing steam?

Rediff.com25 Nov 2014

The Jan Dhan scheme restricts the scope of life insurance cover to bring down burden on the exchequer.

Toyota, Mitsui, Marubeni to sign first set of pricing pacts

Toyota, Mitsui, Marubeni to sign first set of pricing pacts

Rediff.com12 Nov 2014

APAs are part of govt's aim to move to a non-adversarial tax regime.

Govt, Vodafone yet to agree on third arbitrator

Govt, Vodafone yet to agree on third arbitrator

Rediff.com31 Oct 2014

Officials say telco still keen on process.

Congress politicians, biz tycoons on black money list?

Congress politicians, biz tycoons on black money list?

Rediff.com29 Oct 2014

As the government submitted a list of 627 foreign account holders to the Supreme Court on Wednesday, the spotlight is on family of former Maharashtra chief minister, former minister in the UPA government, a Mumbai-based corporate among others. Vrishti Beniwal reports

Black money disclosures may prove costly for banks

Black money disclosures may prove costly for banks

Rediff.com28 Oct 2014

Financial institutions at the risk of US sanctions as sharing of documents on SC directive amounts to violation of existing agreements.

GST: Centre plans 3-year compensation for states

GST: Centre plans 3-year compensation for states

Rediff.com13 Oct 2014

States' demand for 5 years and Constitutional provision ruled out

FIPB going paperless for greater ease of investing

FIPB going paperless for greater ease of investing

Rediff.com4 Oct 2014

All FIPB records will now be digitised; old and unnecessary files will be weeded out

Fast-forward Modi govt leaves babus huffing & puffing

Fast-forward Modi govt leaves babus huffing & puffing

Rediff.com22 Sep 2014

Bureaucrats are finding it difficult to keep pace with Modi's working style -- from long work hours to faster clearance of files -- it is a telling tale in the corridors of power. Vrishti Beniwal finds out

Govt mulls reforms push in FY16 Budget

Govt mulls reforms push in FY16 Budget

Rediff.com16 Sep 2014

Some experts had said the Budget did not have much in terms of big ideas.

PM asks Jaitley to fast-track GST implementation

PM asks Jaitley to fast-track GST implementation

Rediff.com16 Sep 2014

The state has extended its full support, provided its revenues are protected.

GST logjam: Centre to take middle path on compensation, oil

GST logjam: Centre to take middle path on compensation, oil

Rediff.com8 Sep 2014

Preparing legal framework to protect states from revenue loss.

Modi effect: State FMs' foreign junket cut short

Modi effect: State FMs' foreign junket cut short

Rediff.com2 Sep 2014

Prime Minister Narendra Modi's leash on foreign junkets of his ministers and bureaucrats seems to have trickled down to states as well.

Modi's financial inclusion plan to come in 2 phases

Modi's financial inclusion plan to come in 2 phases

Rediff.com18 Aug 2014

The first phase would comprise universal access to banking facilities. Under this, basic bank accounts with zero balance, RuPay debit card and financial literacy, will have to be completed in the next one year, officials said.

Next-level GST talks on Wednesday

Next-level GST talks on Wednesday

Rediff.com18 Aug 2014

States' demand of compensation from Centre for loss of tax revenue not on agenda.

Modi may announce tech-dependent financial inclusion this I-Day

Modi may announce tech-dependent financial inclusion this I-Day

Rediff.com14 Aug 2014

As many as 75 million households that do not have access to banking services will be covered and at least one bank account opened for each household, against the earlier proposal of two.

Service tax dept may disrupt your grand party

Service tax dept may disrupt your grand party

Rediff.com13 Aug 2014

To get what it thinks are its dues, its brass have directed; construction, realty, renting of property, personnel supply, security & goods transport among those under lens

Govt mulls law to give banks more muscle

Govt mulls law to give banks more muscle

Rediff.com12 Aug 2014

At a time when the asset quality of state-owned banks is deteriorating, the Reserve Bank of India is also planning harsher penalties for wealthy promoters of wilful defaulters.

Syndicate Bank fiasco: A lesson for PSU banks

Syndicate Bank fiasco: A lesson for PSU banks

Rediff.com6 Aug 2014

This comes after the arrest of Syndicate Bank Chairman S K jain.

Govt's stake sale plans set for a Diwali boost

Govt's stake sale plans set for a Diwali boost

Rediff.com24 Jul 2014

The government's disinvestment programme is set to get a boost this Diwali, with the finance ministry planning to hit the market to sell a five per cent stake in Steel Authority of India Ltd (SAIL) by October.

India may sign tax sharing pact with Japanese MNCs

India may sign tax sharing pact with Japanese MNCs

Rediff.com22 Jul 2014

Move to address MNCs' taxation woes; UK likely to be the next.

'Subsidies cannot be eliminated from the Budget'

'Subsidies cannot be eliminated from the Budget'

Rediff.com12 Jul 2014

All these measures will revitalise the manufacturing sector, which has been in doldrums.

Jaitley unlikely to re-impose Inheritance tax

Jaitley unlikely to re-impose Inheritance tax

Rediff.com7 Jul 2014

Finance Minister Arun Jaitley is unlikely to heed economists' suggestion that an inheritance tax be introduced in Budget 201415 as an additional revenue stream.

Jaitley unlikely to re-impose Inheritance tax

Jaitley unlikely to re-impose Inheritance tax

Rediff.com5 Jul 2014

Finance Minister Arun Jaitley is unlikely to heed economists' suggestion that an inheritance tax be introduced in Budget 201415 as an additional revenue stream.

Nokia's tax dispute with India may get bitter

Nokia's tax dispute with India may get bitter

Rediff.com25 Jun 2014

The company moved the income-tax appellate tribunal and its appeal is pending there.

Govt banks: Higher NPAs to pinch senior management's pocket

Govt banks: Higher NPAs to pinch senior management's pocket

Rediff.com23 Jun 2014

FinMin plans tougher targets for bad loans, Casa and others in performance-linked pay for senior management.

Mundra likely to be next RBI deputy governor

Mundra likely to be next RBI deputy governor

Rediff.com16 Jun 2014

Green signal from Jaitley; CVC okays Hemant Contractor for head of PFRDA

Govt to set health rider for 49% FDI in insurance

Govt to set health rider for 49% FDI in insurance

Rediff.com6 Jun 2014

Finance ministry considers tax sops, regulation of hospitals to make health care affordable.

Govt mulls common law for all financial-sector regulators

Govt mulls common law for all financial-sector regulators

Rediff.com4 Jun 2014

The Financial Sector Legislative Reforms Commission had in a report last year proposed a unified regulator for the entire financial sector -- markets, insurance, commodities and pension. It had, however, proposed to keep banking out of its purview for now.

FinMin may drop retro tax law to end Voda row

FinMin may drop retro tax law to end Voda row

Rediff.com3 Jun 2014

Vodafone's long-pending tax dispute with the government might be heading for a resolution, with the finance ministry considering changing the Income-Tax Act's retrospective amendment and taxing indirect transfer of assets prospectively from 2012, the year the law was clarified.

I-T probe into alleged tax evasion by Adani

I-T probe into alleged tax evasion by Adani

Rediff.com21 May 2014

This will add to the woes of the conglomerate that had received a show-cause notice from the Directorate of Revenue Intelligence (DRI) last week for alleged over-valuation of imported machinery by Rs 2,000 crore.

Tax dept to now conduct raids only after confirmed information

Tax dept to now conduct raids only after confirmed information

Rediff.com20 May 2014

Under new government, tax office to explore ways to reduce disputes.

Chidambaram's parting sweep puts tax boards in a fix

Chidambaram's parting sweep puts tax boards in a fix

Rediff.com19 May 2014

A decision by P Chidambaram in his last days as finance minister has annoyed the revenue department.

Refunds, slowdown drag April direct tax mop-up

Refunds, slowdown drag April direct tax mop-up

Rediff.com16 May 2014

Indirect tax collections saw only a meagre 3.5 per cent growth, as mop-up from Customs fell sharply on account of a drop in imports.

Poll code helps FM better fiscal deficit target

Poll code helps FM better fiscal deficit target

Rediff.com6 May 2014

Many ministries couldn't use the allocated funds since it came into force, resulting in much-needed savings.

Move away from fixed tax targets: Shome

Move away from fixed tax targets: Shome

Rediff.com6 May 2014

A tax reforms panel, headed by finance minister's advisor Parthasarathi Shome, is considering moving away from setting fixed tax-collection targets and linking these with the changing economic scenario during the year.

India to provide info on US tax evaders

India to provide info on US tax evaders

Rediff.com23 Apr 2014

The US has been widely criticised for using pressure tactics to secure information from other countries, without reciprocity.

I-T dept may grant tax relief to partnership firms

I-T dept may grant tax relief to partnership firms

Rediff.com3 Apr 2014

Generally,profit of a partnership firm is divided among its partners in sync with their partnership deal.

I-T softens transfer pricing blow on MNCs

I-T softens transfer pricing blow on MNCs

Rediff.com17 Mar 2014

FY14 sees 16% decline in adjustments; department adds only Rs 59,000 crore to the profits attributed by multinationals, against Rs 70,000 crore a year ago

Breather for Vodafone in tax case

Breather for Vodafone in tax case

Rediff.com12 Mar 2014

Delhi High Court quashes reassessment proceedings by Income Tax department.

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