His nomination is effective from November 11, 2014, RBI said on Monday.
To say capital gains from stocks are effortless shows little understanding of the treacherous investing terrain, says Debashis Basu.
Opening up the corner office is fine, but will the government be able to attract talent without giving a market-rate salary?, asks Tamal Bandyopadhyay.
Finance Minister Arun Jaitley revealed that the government wanted to give Hasmukh Adhia a post-retirement role, but Dr Adhia said he would not work for a single day after November 30.
Close to 9 lakh registered companies are not filing annual returns with the ministry of corporate affairs and are a potential source of money laundering, Revenue Secretary Hasmukh Adhia said on Saturday.
Corporate tax is likely to be cut to 24%.
Finance Secretary Hasmukh Adhia vacates his post on November 30 and Expenditure Secretary Ajay Narayan Jha, the second seniormost bureaucrat in the finance ministry, retires on January 31, the day before Jaitley presents the 2019-20 interim budget.
Department of Financial Services is regularly emphasising the early issuance of RuPay Debit Cards, e-KYC based account opening, Aadhaar seeding, financial literacy and the progress in survey made.
The net direct tax collections jumped by 18 per cent to Rs 43,391 crore during the first two months of the current fiscal.
Tax returns for 2015-16 (assessment year 2016-17) were originally to be filed by July 31.
Hasmukh Adhia to present revenue dept's performance over past year & plan for current financial year
In yet another secretary-level change, government appointed Hasmukh Adhia, a 1981 Gujarat cadre IAS officer, as the new Financial Services Secretary replacing G S Sandhu.
He was last month appointed as Secretary in Department of Economic Affairs in place of his batchmate Arvind Mayaram, who was first shifted to Tourism and then to Minority Affairs Ministry.
Work has to be done on a war footing from now to implement the GST regime.
Meet the civil servant who will take Prime Minister Modi's plans for education to another level.
Government on Monday said Rs 4,147 crore or Rs 41.47 billion has been disclosed under the black money compliance window.
Despite the objections raised by Reserve Bank of India and Election Commission, India's politics has been funded anonymously and it is time to end this, asserts Aakar Patel.
The Centre is in talks with Mauritius with regard to the long-pending revision of the bilateral tax treaty.
Bureaucrats heading disinvestment and financial services usually don't get appointed as finance secretary.
The revenue from GST for the current fiscal has been pegged at over Rs 4.44 lakh crore, while for next fiscal it is Rs 7.43 lakh crore.
Cap on bank withdrawals to be reviewed after Dec 30, says finance secy.
Watal a 1978-batch Andhra Pradesh cadre IAS officer.
There is buzz that the PM, confident of an election victory, will introduce 25 new ministers.
As much as Rs 6,696 crore has been released to the states as GST compensation for the month of March 2018, as on May 29.
Finance Ministry, Assocham on Tuesday sought a taxation friendly environment for the startups
"This is completely untrue. Please do not re-circulate such message without checking it with authority," Adhia said.
"It's a welcome development, but we also feel it was long overdue... It's a recognition of the actions that the government has undertaken like GST, bankruptcy. We also need to keep all these things in perspective," Chief Economic Adviser Arvind Subramanian said.
"They need to clarify that demonetisation means it is demonetisation for all. Same rules for everyone. If 500/1000 are illegal tender, then how are they trying to show that there is a division between common people and political parties?" Banerjee said in a series of tweets.
Underlines need to reduce human interface; wants tax e-assessment in more cities
A BTech and PhD in police, human rights and social justice, Singh joined the federal anti-money laundering investigations agency in 2009 on deputation from Uttar Pradesh where he was serving as a state police service officer.
Goods and Services Tax would usher in an unified indirect tax regime.
Blackmoney holders t oface the music very soon, says FM.
A ban on cash transaction of more than Rs 3 lakh has been proposed in the Budget for 2017-18.
Indian government expects LIC to have better business this year.
India is likely to become a $40 trillion economy by 2047 -- a 13-fold jump from its current size -- driven primarily by a clean energy revolution and digitalisation, billionaire Mukesh Ambani said on Tuesday. Ambani's estimate for the Indian economy, currently the fifth largest in the world behind only the US, China, Japan and Germany, is more optimistic than Asia's richest man Gautam Adani, who last week stated that India will become a $30 trillion economy by 2050 on back of rising consumption and socio-economic reforms. "From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world," Ambani said at the 10th convocation of Pandit Deendayal Energy University in Gandhinagar.
Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.
"The response (to the PMGKY) has not been so good...about Rs 5,000 crore of income was declared in PMGKY," Revenue Secretary Hasmukh Adhia said.
After capping anonymous cash donations to political parties at Rs 2,000, the government is amending law to make it mandatory for them to file returns on income by December every year or risk losing tax exemption status.
The disclosures will enjoy immunity from wealth tax, civil and other taxation laws but there will be no immunity from FEMA, PMLA, narcotics and black money laws.
The CBI and ED are keeping a close eye on several bank accounts.
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