From withdrawing the stimulus to implementing the Finance Commission proposals, the FM has his task cut out.
The Information and Broadcasting Ministry has come out with a comprehensive document 'Compendium of important action points' detailing its action plan for 2012-17 period.
Google on Tuesday began reinstating about 250 Indian apps it had delisted from its Play Store over a billing dispute as it caved in to government criticism, but the squabble may not yet be over.
The government on Wednesday said there won't be any capital gain tax if physical gold is converted to an electronic gold receipt and vice versa.
Russian foreign ministry spokeswoman Maria Zakharova on Monday denied the media reports of taking Foreign Minister Sergei Lavrov to hospital with a heart condition and called it the 'height of fakery', several media reported.
Fiscal deficit would be brought down to below 4.5 per cent by 2025-26, Finance Minister Nirmala Sitharaman said on Wednesday. She also said that tax receipts for the next fiscal are budgeted at Rs 23.3 lakh crore and states would be allowed 3.5 per cent of GDP as fiscal deficit. To finance the fiscal deficit in 2023-24, net market borrowing from dated securities is estimated at Rs 11.8 lakh crore, Sitharaman said while presenting the Union Budget for 2023-24 in the Lok Sabha.
External Affairs Minister S Jaishankar on Monday held wide ranging discussions with Iranian counterpart Hossein Amirabdollahian in Tehran and their discussion focused on the long term framework for India's involvement with the strategically vital Chabahar port and the North-South connectivity project.
Addressing a symposium on the international situation and China's foreign relations in 2022, Wang said both countries have maintained communication through diplomatic and military-to-military channels.
The Telecom Regulatory Authority of India expects at least 1,000 radio stations in the next 2-3 years following its recommendation of a low entry fee and migration to a revenue sharing regime for the second phase.
Bengal corporate leaders on Thursday termed the 2013-14 Union budget a reformist one and said despite being the last budget of United Progressive Alliance before it goes to poll, Finance Minister P Chidambaram restrained from being populist.
World leaders condemned the ghastly attack on Israel by Hamas terrorists.
'I have made a new rule: When I'm having my morning tea, a guy keeps the harmonium on my bed.' 'So while I'm writing what my plan for the day is, that harmonium is in front of me and I do riyaz of 40-50 minutes.'
He further added that India needs $1 trillion investment in infrastructure during the 12th Five-Year Plan.
Ask Tax Gurus Mihir Tanna, Mahesh Padmanabhan and Anil Rego.
Panel to submit recommendations to the Cabinet for approval.
The Union government could target a fiscal deficit of 5.8-6 per cent of nominal GDP for 2023-24, and it should continue its capital expenditure push and look to simplify the personal income tax regime, economists recommended Finance Minister Nirmala Sitharaman and her team during their pre-Budget interaction on Monday. Starting last week, Sitharaman had eight pre-Budget consultations this time. More than 110 invitees representing seven stakeholder groups participated in these meetings, the finance ministry said in a statement. The stakeholder groups included representatives and experts from agriculture and agro-processing industry; industry, infrastructure & climate change; financial sector and capital markets; services and trade; social sector; trade unions and labour organisations; and economists.
Finance Minister Nirmala Sitharaman will present the much-awaited 2022-23 Union Budget on February 1. While there has been strong recovery in some sectors, touch services like hospitality, tourism and leisure continue to suffer after two Covid-19 waves. Household savings have been hit due to increased spending on health care. Consumption has still not reached pre-pandemic levels.
It's been a hectic weekend for Bollywood. While some stars attend award shows, many others go about their daily lives, like visiting the salon or going shopping.
'Television actors are people who play with fire.'
Jaitleysaid Mallya misused his position as an MP to accost him once in Parliament.
The FM flew to Chennai on Sunday to inaugurate Nandavanam, the central revenue quarters of the Central Board of Direct Taxes and Central Board of Indirect Taxes and Customs at Anna Nagar in Chennai.
Jaishankar also met his Iranian counterpart H Amirabdollahian and held productive discussions on bilateral economic cooperation, Afghanistan and the joint comprehensive plan of action, also known as the Iran nuclear deal.
Within a week of Shiv Sena Chief Bal Thackeray asking private FM radio channels to air Marathi songs, 94.3 Radio One has decided to have a dedicated weekly show for Marathi music.
Finance Minister Nirmala Sitharaman on Saturday said the new tax regime will benefit the middle class as it will leave more money in their hands. Talking to reporters after the customary post-Budget address to the central board of the RBI, she said it is not necessary to induce individuals to invest through government schemes but give them an opportunity to make a personal decision regarding investments. "...the way we allowed for standard deduction and also the rates which have been fixed, tax rates which have been fixed for different slabs, it has actually left more money in the hands of the people, the taxpayer, the household," she said.
Godrej Appliances has launched a music-enabled refrigerator, Godrej Edge SX MuziPlay, with FM radio and MP3 player. The refrigerator has additional facilities such as a mobile charging point with USB port.
The NSE Nifty closed at 4,575, up 75 points. The market breadth was fairly positive - out of 2,771 stocks, 1,711 advanced, while 958 declined.
Ambika Soni, the new I&B minister, called for a full-presentation on Tuesday on both these issues from senior I&B officials, a day after she took charge of the ministry.
The Ministry had disallowed the group from taking part in auction.
Civil avation minister Praful Patel said on Tuesday he would once again take up with the finance minister P Chidambaram the issue of rationalisation of taxes on Aviation Turbine Fuel.
Banks have written off bad loans worth Rs 10,09,511 crore during the last five financial years, finance minister Nirmala Sitharaman informed Parliament on Tuesday. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheet of the bank concerned by way of write-off, she said in a reply to Rajya Sabha. "Banks write off NPAs as part of their regular exercise to clean up their balance sheet, avail tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards.
Currently, domestic supplies and commercial imports of vaccines attract a 5 per cent Goods and Services Tax, while COVID drugs and oxygen concentrators attract a 12 per cent levy.
Finance Minister Nirmala Sitharaman on Friday asked private sector companies to clear dues to small businesses within 45 days and admitted that the central departments and enterprises are also not making payments to them on time. She conceded that the Centre, states and state-owned enterprises too have outstanding dues to micro, small and medium enterprises (MSMEs). The minister said that at a meeting with big businesses here two days ago, she had appealed to them to ensure that the dues of small businesses, who are the backbone of the economy, are cleared on time.
Big 92.7 FM, which plans to reach 45 cities, 1,000 towns and 50,000 villages, will see the group making an investment of Rs 400 crore (Rs 4 billion) towards transmission equipment, infrastructure and licencing.
