Initiating the debate on the Finance Bill in the Lok Sabha, BJP leader Jaswant Singh said the finance minister should not spend his time in 'accountancy' but 'apply his mind to the reality of economic management of the country." Terming the Finance Bill as the 'child' of the Union Budget, he said it (Finance Bill) should be abolished and if not, then the government should 'break it up'.
Sena chief Uddhav Thackeray will visit Ayodhya on Saturday amid a clamour among Hindu outfits for bringing an ordinance to build Ram Temple.
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
The finance ministry, in the explanatory memorandum to the Finance Bill 2008-09, proposes to withdraw the tax holiday which has been a window the petroleum ministry has been using to market the oil and gas exploration blocks under the New Exploration and Licensing Policy (Nelp) since 1999. The commitment to give a 7-year tax holiday to companies producing gas from Nelp blocks was finalised by the Union Cabinet after consultation with the finance ministry.
Finance Ministry is expecting a rating upgrade by credit agencies by the year-end on the back of policy initiatives.
Industrial output rose to nearly three-year high of 6.4% in August.
The Parliamentary Standing Committee on Finance has passed strictures against the finance ministry for the delay in introducing the draft direct tax code for legislation to replace the voluminous Income Tax Act, 1961.
Even if the GST rate is 18-20 per cent, there would be no average impact on inflation.
IMAGES from the English Premier League matches played on Saturday.
The tax department is working to ensure that there is no loophole in the compliance window.
As per the 15-day billing cycle, gas producers are to raise the first invoice at the revised price of $5.61 per million British thermal unit this weekend.
But commerce ministry works on rules for exemption to contractors.
Union Cabinet Ministers have accumulated dues of Rs 435 crore on the cash-strapped Air India, which is 93 per cent of the total bills incurred by them during their visits abroad, Lok Sabha was informed on Wednesday.
To spur foreign investment in the corporate bond market, the Finance Ministry has proposed reduction in withholding tax for FIIs to 5 per cent, from 20 per cent at present.
Clever wordplay does not change the fact that the government is going pretty easy on some tax offenders, says Arup Roychoudhury.
A longstanding demand for voting rights in India by millions of Non Resident Indians may finally see the light of the day with a group of ministers clearing a draft bill on the issue, paving way for its consideration by the Union cabinet.
The minister said the government is willing to hear from the industry.
Yes Bank customers will be able to access full banking services from Wednesday evening, as the moratorium will be lifted earlier. The RBI had on March 5 put a moratorium on Yes Bank restricting withdrawals to Rs 50,000 per depositor till April 3. However, the government in a notification on Saturday said the moratorium will be lifted by 18:00 hrs on March 18.
Little things like paying that outstanding bill, getting that paperwork done, organising your desk can make a great difference to the way you feel. Here are 10 things you can do right away and feel great about yourself!
Two former defence ministry officials and a retired army man were on Tuesday sentenced to four years in jail by a Delhi court for causing loss of over Rs 7.3 crore to the state exchequer by drawing payment for material which was never supplied.
Not needed, it says, with 4,600 staffers to retire over next 3 years, plus transfer of 12,000 to new subsidiaries
The Indian government is planning to make testing of seeds compulsory for private seed makers like Monsanto, Bayer and Novartis in the country.
To avail the benefit, customers will have to SMS 'BETTER' on 199 and the 10-minute talk time will be credited
The rupee weakened to 62.58 against the US dollar in the early trade on Thursday.
Under pressure from his party, Oil Minister M Veerappa Moily said the government is considering increasing the quota of subsidised LPG cylinders to 12 per household even as hints were dropped of a one-time hike in diesel and LPG rates
'I don't care about the BJP,' says controversial New York hotelier Sant Chatwal, who has been awarded the Padma Bhushan. 'One thousand percent, I am going to accept the award.'
Upstream firms pay for a portion of fuel subsidies by extending discounts on crude oil they sell to refiners who are forced by the government to sell diesel and cooking fuel at rates lower than cost of production.
Modi govt faces extra spending burden due to policies like 7th Pay Commission and OROP
Government has approved revision of maternity benefits for working women, which is likely to increase from Rs 250 to Rs 1000.
IMAGES from the English Premier League matches played on Saturday.
The ministry is preparing a draft note for consideration of the CCPA on pricing of diesel, kerosene and LPG, official sources said.
The main responsibility for producing the Budget rests with the Budget Division of the Department of Economic Affairs in the finance ministry
In 2009, FinMin proposed to move regulators' reserves into public account. These accounts were finally opened in 2013-14. However, no funds have been deposited in it so far.
From Kudankulam to the Land Bill, the author takes the Twitter route to capture the infra action of 2013.
'Without Harry Kane many people were talking about Sonny (Son Heung-min) but today it was Lucas Moura who scored three goals and you know if you don't respect all the players, you cannot only have 11 players'
It will not be to India's advantage to create misperceptions that it is bandwagoning with some Anglo-American project for regime change in Myanmar, argues Ambassador M K Bhadrakumar.
Images and summary of all the World Cup 2022 qualifiers played across continents on Tuesday.
If you want a reminder of just how gorgeous our universe is, then take some time to browse the winners of the 2020 Insight Investment Astronomy Photographer of the Year competition. French photographer Nicolas Lefaudeux took the top prize with a tilt-shift perspective on the Andromeda Galaxy. The winning images are part of an exhibition opening on October 23 at the National Maritime Museum in London and have been collected into a book. Cue some truly innovative an unexpected captures of galaxies, nebulae, planets, the Moon and even SpaceX satellites.
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