Only Rs 3,000 cr has been disbursed. Over 80% of these transfers were for cooking gas subsidy.
India has received over USD 20 billion in FDI amid the coronavirus pandemic, Foreign Secretary Harsh Vardhan Shringla said on Tuesday, showcasing the country as one of the most attractive destinations for investment globally.
UIDAI Chairman Nandan Nilekani on Friday said he will resign from his job by March-end to contest Lok Sabha election on Congress ticket.
Since arraignment under money laundering is a tougher offence, the CBDT hopes it will also overcome its dismal score sheet to prove satisfactorily to the courts that these cases were genuine ones of tax evasion.
The online application of such claims would enable EPFO to eventually settle those within three days.
It said the searches that were launched on July 22 in nine cities like Bhopal, Indore, Delhi, Ahmedabad, Noida and some others are "continuing and further investigations are in progress."
Nilekani, whose name is doing the rounds for Bengaluru South constituency, however, did not say when he will join Congress party.
There is no proposal to modify income tax returns forms, finance ministry sources clarified when asked to comment on news reports that the purported statement of financial transactions expansion would result in the filing of high-value financial transactions in ITR by the taxpayers themselves.
The CM, who is leaving for Delhi, said she would seek time from Union Home Minister Rajnath Singh to discuss the issue.
The Vivaad se Vishwas scheme is a replica of the Sabka Vishwas (Legacy Dispute Regulation) Scheme, 2019 (SVLDRS) for indirect tax litigation. The hope is that this would unlock revenue blocked in long-drawn litigation at various forums. Sources in the department say the total value at stake in these disputes would be Rs 5-6 trillion.
Digital-pay companies see 10x growth spurt after demonetisation, report Ayan Pramanik & Shine Jacob/Business Standard from Bengaluru.
The countrywide vaccination drive was rolled out on January 16 with the inoculation of healthcare workers, while the vaccination of the frontline workers started from February 2.
Verdict one of the most important since advent of Constitution, says Chidambaram.
About 45 per cent of those who are part of the workforce, or about 207 million, are estimated to be engaged in agriculture and many of them will be outside the income-tax net and hence may not need a PAN. So, what does allotting PAN to 369 million individuals actually mean, wonders A K Bhattacharya.
The RBI has this year cut interest rates by 110 basis points in four instalments but banks have passed only a part of it to borrowers. Before the last reduction earlier this month of 35 basis points, the bank on an average had passed only 29 basis points out of 75 basis points cut affected during 2019.
India will soon make available many more COVID-19 vaccines to other countries after two Made-In-India jabs have already been introduced to the world, Prime Minister Narendra Modi said on Thursday while emphasising the country's global responsibility in fighting the pandemic.
In an affidavit filed in the top court, the health ministry told the apex court that the family welfare programme in the country is voluntary in nature, which enables couples to decide the size of their family and adopt family planning methods best suited to them, according to their choice and without any compulsion.
Customers have other options available to them to do low-value transactions, if wallets start mandating full KYC and would switch to those.
Interacting with state chief ministers, Modi underscored the enormity of what he described as the world's biggest vaccination exercise, which begins from January 16, saying over 30 crore citizens will get the jabs in the next few months in India against only 2.5 crore people vaccinated so far in over 50 countries in around a month.
Use of the incorrect form will result in your return being treated as defective, points out Suresh Surana, founder, RSM India.
Now the processing of return filed will be through your Aadhaar Number, where, you can link it with your PAN and get rid of sending ITR V to CPC, Bangalore.
Now, 83 per cent males and 77 per cent females have formal bank accounts but they are hardly using them
Around 67.59 jobs were generated in the entire 2018-19 fiscal, the payroll data based on members joining the schemes of the EPFO showed.
'We are in touch independently with leading players, and they are denying it as well.' 'The Indian digital footprint is rising, creating new opportunities.'
PDS: Smart ration cards need to be smarter
Govt looking for common ground on GST; hopes to pass it soon.
'The COVID-19 threat is still looming large. The census and NPR are not in the priority list of the government as of now'
They said that massive public investment in infrastructure, social sectors and agriculture would generate employment and the Union Budget should give it a priority and allocate necessary funds for this.
The government will soon launch a facility under which a Permanent Account Number card will be issued within 48 hours of applying.
In two months, the lender has disbursed about 25,000 car loans
According to the law, the contribution "should not be more than 5 per cent of the amount paid to gig workers. The government is likely to start seeking contribution from gig companies towards the fund from April 1, 2021.
During the day, Union Health Minister Harsh Vardhan held a meeting to review preparedness for COVID-19 management, through video conference with health ministers, chief secretaries of all states and UTs, central ministers and representatives from the related organisations and stressed on the need for keeping testing and quarantine facilities, isolation wards, and labs in active readiness.
The govt has a lot more to do then just open bank accounts for the poor in the Jan Dhan scheme.
Can welfare schemes truly transform from being flagship to flag-bearers for a government that is looking to get a second term in 2019?
Fund managers weren't too worried in 2014, as it was a year of positive surprises.
'The top 10 industries encompass 84% of the total new payrolls, indicating that industry is coming on steam after the initial hiccups following GST,' say Soumya Kanti Ghosh and Pulak Ghosh.
Modi said there was a time when families would celebrate getting gas connections as if they have got home a Mercedes.
'Mr Kejriwal is almost exactly the package that Mr Modi offers: Personal aggrandisement, the building of a personality cult through full-page newspaper ads day after day, populist schemes involving subsidies (whether affordable or required), abandonment of secular principles, exaggerated claims and no checks on leadership,' points out T N Ninan.
'We may bite the bullet and draw up plans for privatisation.' 'If that is done now, the sale of the government stake will fetch money; a delay will see erosion in whatever value is left in these banks,' says Tamal Bandyopadhyay.
The NPR data will be used for schemes such as Ayushman Bharat, Pradhan Mantri Awas Yojana, Ujjvala and Saubhagya for identifying the intended beneficiaries.
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