The I-T department expects that some more revenue would be garnered.
After individuals, now even institutions like government departments, schools and companies would get unique identification numbers (UIDs) to enroll the country's residents for the UID system. These institutions or service delivery organisations would get a UID-like identifier, called Entity ID, which would help enrol people and deliver services.
Tax department sends notices saying they are liable to pay MAT.
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
Reliance Retail Ventures Ltd, run by India's richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total fundraise to Rs 37,710 crore in less than four weeks.
Past experience shows loan waivers benefited only 30% of India's farmers; here again, the richer cultivator skimmed the cream, leaving very little for his poorer brethren.
The issue of delayed refunds was not a healthy trend and was tarnishing the department's image.
In its letter Voda Idea has warned that it is not in a sound financial state, and added that it would be in a position to meet its liabilities only if the government initiates steps including allowing set-offs for GST credit accumulated so far, and permitting staggered mechanism for payment of balance amount of interest, penalty, and interest on penalty.
The Child Protection Services programme under the Integrated Child Development Services was increased to Rs 1,500 crore from Rs 925 crore.
The defence minister has to correct a major asymmetry. Will his discipline come in the way?
The government will press ahead with the sale of public sector companies that have been approved by the Cabinet, Finance Minister Nirmala Sitharaman said on Thursday. Highlighting that FDI flow into India is much higher compared to other emerging economies, she said India's strong macroeconomic fundamentals, ability to do reforms and a stable government help attract long-term foreign funds into Indian businesses.
All the Gujarat cadre officers have one thing in common. They do not need Modi's 'informal interactions' and advice because they are from the so-called 'Modi school of governance.' They know Modi well enough to perform their assigned roles.
Shailajanand Mishra lists The Top Videos of the Week.
'Param Bir's letter alleges that Waze was being used directly by the home minister.' 'I think an enquiry by a high court judge is the need of the hour.'
WhatsApp has drawn massive criticism from users globally, including India over concerns that data was being shared with its parent company, Facebook. WhatsApp, on its part, has maintained that messages on the platform are end-to-end encrypted and that neither WhatsApp nor Facebook can see the private messages on WhatsApp's platform.
Operationalising the ban is being fleshed out: it will entail which cryptocurrencies will be banned and how.
'We will not compromise on it. We will not make any deferred payments or cuts.'
But trading through the route still a minuscule portion of total turnover
The government currently holds 87.40 per cent stake in IRCTC. To meet Sebi's public holding norm, it has to lower its stake in the company to 75 per cent.
Subhash Chandra Garg, the former finance secretary who was shunted out of the finance ministry within three weeks of Modi-2.0 government's first budget last year, on Saturday alleged that new Finance Minister Nirmala Sitharaman got him transferred out.
The commitment by Japan to invest $35 billion or 3.5 trillion YEN is for infrastructure sector over five years.
The GST to be implemented from April 1, 2016, will increase the premiums.
This will violate the time-honoured convention that a government elected for a five-year tenure presents only five full Budgets, but the NDA government will no doubt present it as yet another initiative of Mr Modi.
The way the present government has dealt with appointments of civil servants remains to be a cause for concern.
United States President Barack Obama has nominated an IIT alumni to his advisory commission on Asian Americans and Pacific Islanders.
While the two-phased assembly polls voting has concluded in Assam, in West Bengal two phases have completed while four more remain.
The Department of Telecommunications has raised demand of around Rs 877.6 crore from Vodafone as spectrum charges for the period between 2008-09 and 2011-12, sources said.
Move to address MNCs' taxation woes; UK likely to be the next.
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