It's possible to curb tax evasion using high-end technology. But it requires an honest intention to make use of the treasure trove of data that is captured, points out Harsh Roongta.
As the national capital reported 93 new cases taking the total number of infections to 669, Chief Minister Arvind Kejriwal held an emergency meeting with senior ministers and top officials of the Delhi government Wednesday evening and took a series of decisions to check the spread of the virus.
"How many more lies will be peddled to sustain a sinking dynast? India, certainly deserves better," Jaitley said.
Announcing the cabinet decision, Union minister Prakash Javadekar also said the President, the Vice President, Governors of states have also voluntarily decided to take a pay cut as a social responsibility.
Those conducting their businesses predominantly in cash and evading income tax have reasons to worry.
The CAG audit may look into expenditure on printing of notes, RBI dividend payout and banking transaction data.
Goa Chief Minister Manohar Parrikar on Tuesday said the MLAs who visited Brazil to watch the recent football World Cup would pay from their pockets.
The vertical will be based out of Bengaluru.
Constantly evolving rules and anomalies over tax treatment have constrained corporate programmes in the first year that the government's CSR mandate has been in force.
The government of India will deposit Rs 200 per month for Gramin Dak Sevaks involving an annual expenditure of about Rs 70 crore (Rs 700 million) to provide for the financial security for them and their spouses after retirement from the service at the age of 65, Minister of State for IT & Telecom Sachin Pilot told reporters in New Delhi.
'My interest is to open up transparency to the people who unnecessary raise these issues. The prime minister has full right to go wherever he is going but the question is why is he not transparent on expenditure.' 'When the prime minister went to the UN, he spoke of transparency. You are not complying with it. It shows hypocrisy.' Commodore Lokesh Batra (retd) on why he filed an RTI to find out how much Prime Minister Narendra Modi has spent on his foreign visits.
Kumar accused Prasad of renouncing social justice agenda and making it a mere slogan for personal popularity.
There was no law that prevented the government from presenting a sixth full Budget, or something similar to it.
This comes at a time when the COVID-19 crisis is expected to derail the government's revenue maths for 2020-21, hitting the mop-up from sources such as taxes and divestment.
Fiscal situation better but spending cuts likely in FY16 too.
Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
The ones chosen for operation, management and development through a public-private partnership model are Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
India's economy grew by 1.6 per cent in the fourth quarter of 2020-21, restricting the full-year contraction to 7.3 per cent, official data showed on Monday. The fourth quarter growth was better than the 0.5 per cent expansion in the previous October-December quarter of 2020-21. The gross domestic product (GDP) had expanded by 3 per cent in the corresponding January-March period of 2019-20, according to data released by the National Statistical Office (NSO).
The Budget 2015-16 will include many of the schemes announced by Prime Minister Narendra Modi such as smart cities and high speed trains, Finance Secretary Arvind Mayaram said.
The new government, which will be required to boost investments and promote growth, will be presenting a regular Budget after completion of the electoral process.
FinMin does not expect tax or non-tax revenue to reach anywhere close to the targets set in the interim Budget. Sources say that the challenge before the new government will be either to accept the reduced projection and tailor the Budget accordingly or set a more ambitious target.
'Unless we get the health and economic situations right at the same time, we will not recover.'
With the online tax filing and automation of the tax process the number of mistakes made by taxpayers during filing of taxes have been reduced, but considering the importance of the information, a mistake or an error will be an invitation to trouble.
Going by the number of changes Mr Jaitley's next Budget is likely to see, he will go down in the history of Budget-making as the finance minister who ushered in the largest number of changes in a single Budget, says A K Bhattacharya.
The Indian IT sector, which gets 60 per cent of its export revenue from the US, on Wednesday said the move by the state of Ohio to ban outsourcing by government departments to offshore locations like India is discriminatory and amounts to a trade barrier.
The Finance Ministry has started preparations for Budget 2014-15 by asking different central ministries and departments to come out with their estimates of receipts as well as expenditure for the next financial year.
Incentives for industries have been rolled back and teachers have gone without salary for months as the state grapples with the after-effects of the ban
The way the present government has dealt with appointments of civil servants remains to be a cause for concern.
The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.
The Rajasthan government on Wednesday joined the austerity bandwagon, banning foreign tours by ministers and officers with immediate effect till June 30 next year.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Monday said the state government was willing to bear the expenditure for increased payment and training for players of the Indian hockey team.
The union cabinet on Thursday approved an additional expenditure of Rs 442.03 crore (Rs 4.42 billion) for the computerisation of income tax department.
In a meeting with the commerce minister, India Inc hammered Sharma on the collapse of investments, structural nature of the current account deficit and stagnant growth in agriculture.
'I am indirectly related to VG Siddhartha. Excellent human and brilliant entrepreneur. I am devastated with the contents of his letter,' Mallya said on Twitter.
The 'One-China' policy states that Taiwan and Tibet are part of China's mainland.
'If the Union Budget can provide incentives for animal spirits to come as well as induce demand stimulus and consumption, the Budget would have done a wonderful job.'
Determined to imbibe austerity in its policies, the government has asked various departments to scrap or downsize expenses on insignificant activities by up to 10 per cent when they submit proposals for Budget 2010-11.
The Uttar Pradesh government on Monday ordered a vigilance probe against former Bahujan Samaj Party minister Naseemuddin Siddiqui and his wife in connection with a disproportionate assets case after Lokayukta recommendations.
Asks ministries to cut certain non-Plan expenditure by 10%.
