India's gross tax collections soared to a record high of Rs 27.07 lakh crore in the fiscal year ended March 31, led by impressive growth in corporate tax and customs, taking the tax-to-GDP ratio to an over two-decade high of 11.7 per cent, Revenue Secretary Tarun Bajaj said on Friday.
Former oil secretary Tarun Kapoor, present and former chairmen of ONGC and a former director of IOC, are among over a dozen people who have applied for the top job at the oil and gas regulator, PNGRB, sources said. Kapoor, who superannuated as Secretary to the Ministry of Petroleum and Natural Gas last month, is the most prominent name in the list of 13 persons who have applied to become the chairman of Petroleum and Natural Gas Regulatory Board (PNGRB). Oil and Natural Gas Corporation (ONGC) chairman and managing director Subhash Kumar and his predecessor Shashi Shanker are also in the race and so is G K Satish, who superannuated as Director for Planning and Business Development from Indian Oil Corporation (IOC) a couple of months back.
Singh said he will take strong action to ensure that the FIR, which names Rajput's sister Priyanka Singh, Dr Tarun Kumar of RML Hospital, Delhi and others under various sections of the IPC, and Narcotic Drugs and Psychotropic Substances Act, does not deflect the trials in another direction.
CBI officer V K Shukla, who is probing the death of Jharkhand Judge Uttam Anand, is among 15 officers of the agency awarded the 'Union Home Minister's Medal for Excellence in Investigation' for the year 2021, officials said Thursday.
The government on Monday projected a 16.67 per cent growth in gross tax revenue in the next fiscal beginning April 1, at over Rs 22.17 lakh crore. The revised estimates of gross tax revenue for the current fiscal has been pegged at Rs 19 lakh crore, lower than the Rs 24.23 lakh crore budgeted earlier. Economic Affairs secretary Tarun Bajaj said, "Our revenue figure is under-stated not overstated.
As we celebrate Dr Babasaheb Ambedkar's birthday on April 14, Subhash K Jha picks 5 fine films based on inequality and the caste system.
'His condition is stable and he continues to be under medical observation...We request you to pray for his speedy recovery'
The apex court in November 2009, had issued contempt notice to Bhushan and Tejpal for allegedly casting aspersions on some sitting and former top court judges in an interview to a news magazine.
The Goa government in its appeal before the Bombay high court against journalist Tarun Tejpal's acquittal in a rape case said it was a fit case for retrial, citing the trial court's lack of understanding of a victim's post-trauma behaviour and censuring of her character.
Tarunraj Yadav from Vapi, Gujarat, tells us how he lost 24 kg in five months.
Major Nikhil Maurya and Major Tarun Rathee will be leading the marching contingent of the Indian Army's Parachute Regiment Special forces on Republic Day.
There will be no second term for President Kovind and no elevation for Vice President Naidu.
Revenue secretary Tarun Bajaj along with senior finance ministry officials on Thursday held a meeting with Infosys managing director Salil Parekh to review the performance of the new income tax portal. More than 3.5 crore Income Tax Returns (ITR) have been filed so far for the financial year 2020-21 through the portal, which had faced glitches following which the ministry had directed Infosys to urgently address the issues. Infosys has developed the new income tax e-filing portal 'www.incometax.gov.in'.
Ola Electric is moving the delivery for the first batch of its electric scooters to between December 15 to the end of the month, a two- to four-week delay from its earlier schedule, due to a shortage of chipsets and electronic parts. The first batch of deliveries were scheduled for November 30 but the company decided to delay them after a meeting between its factory team and the global supply chain on Saturday. It became clear that the late delivery of chips and electronic parts was only 'getting worse', sources told Business Standard. Ola has apologised to customers for the delay and said it is "ramping up production as fast as we can so that you can get your Ola S1 at the earliest". It has stopped taking any new bookings until the chip shortage has eased, say sources.
'Good friends are those who advise whether something is palatable for you or not.' 'Good friends are those who are not afraid of telling the truth.'
The ex-PM urged the people to elect a government that upholds the Constitution of India and the principles of democracy and brings about inclusive growth for all.
The Supreme Court on Friday refused to entertain the appeal of Sushant Singh Rajput's sister challenging the Bombay high court order which refused to quash a first information report lodged against her on the complaint of actress Rhea Chakraborty, the late actor's girlfriend.
Special judge M K Nagpal said that a prima facie case was made out against the accused for framing of charge against him for the commission of various offences punishable under the Indian Penal Code (IPC).
Sarma's eyes, according to those close to him, were always set on the top job in Assam. However, the leader who owed his early rise to two former chief ministers from the Congress had to toil for many years with dogged determination to achieve his goal.
The BJP announced its list of 148 candidates for the last four phases of assembly election in West Bengal, rewarding around 20 turncoats and fielding party heavyweights Mukul Roy and Rahul Sinha.
The new party -- Bharatiya Aarthik Party -- claims to represent farmers, traders and labourers,
The remarks were made by a bench of Justices S S Shinde and M S Karnik while reserving its verdict on a petition filed by Rajput's sisters - Priyanka Singh and Meetu Singh- seeking to quash an FIR for alleged forgery and fabrication of a medical prescription for their brother.
Congratulating Suhas Yathiraj, an IAS officer who won a silver medal at the Paralympics, Prime Minister Narendra Modi on Sunday described him as a fantastic confluence of service and sports who has captured the imagination of the entire nation.
The actress, who is the complainant in the case against Rajput's sisters Priyanka Singh and Meetu Singh, filed an affidavit in the HC on Tuesday opposing their plea and said the allegations against them are serious.
Reigning World champion Pramod Bhagat continued India's fine showing at the Tokyo Paralympics with a gold medal in the badminton SL3 class event, in Tokyo, on Saturday. The 33-year-old Bhagat, who is also the world No. 1 and current Asian champion, scored a 21-11, 21-16 win over Japan's Daisuke Fujihara in the first SL3 class semi-final, which lasted 36 minutes.
The Centre is looking to convene a meeting of the all-powerful Goods and Service Tax Council in early January. The meeting is likely to focus on rectifying the inverted duty structure for a few more items and will also serve as a platform for pre-Budget discussions between Union Finance Minister Nirmala Sitharaman and state finance ministers, Business Standard has learnt. "The current Winter Session of Parliament ends on December 23, followed by the Christmas-New Year period. "After that we would like to have a meeting of the GST Council, depending on whether there can be a quorum," a top government official said.
Vijay Rupani, the fourth chief minister to demit office in BJP-ruled states during the coronavirus pandemic, was sworn in as chief minister -- his second stint as CM -- in December 2017.
At the customary post-Budget media interactions, Finance Minister Nirmala Sitharaman and her topmost bureaucrats touched upon a number of issues. The minister said the government taxing income from digital virtual assets did not give them legitimacy and that issue was being dealt separately in the planned cryptocurrency Bill. She also expressed confidence that the Budget targets were achievable.
The ministry of finance will kickstart its massive budgetary exercise from October 15.
The Centre could better its fiscal deficit at 6.6 per cent of GDP in this financial year on stronger-than-expected revenue buoyancy, even if the budgeted disinvestment target is not met, Fitch Ratings has said. The international rating agency had last week kept the sovereign rating unchanged at 'BBB-' with a negative outlook, and said that the risks to India's medium-term growth outlook are narrowing with rapid economic recovery from the pandemic and easing financial sector pressures. In an email interview with PTI, Fitch Ratings Director (Asia-Pacific Sovereigns) Jeremy Zook said the two key positive triggers that could lead to a revision of the outlook to stable are implementation of a credible medium-term fiscal strategy to lower debt burden and higher medium-term investment and growth rates without the creation of macroeconomic imbalances, such as from successful structural reform implementation and a healthier financial sector.
Sonam K Ahuja styled her hair in curls for Brides Today's cover.
' These youngsters don't have patience, which is a key trait in politics'
Consumption is among the most diversified and sought-after themes in Indian equities. Over the past five years, consumption theme funds have given an annualised category average return of 15.17 per cent, according to the data from Value Research. But this theme has been affected by the Covid-19 pandemic, which impacted jobs and livelihood.
Priyanka Chopra sets the temperature soaring in a Tarun Tahiliani sari.
Seven Olympic and six Paralympic disciplines were identified for support at a meeting of the Mission Olympic Cell.
As Femina Wedding Times celebrates seven magnificent years, they get Dhadak girl Janhvi Kapoor to grace their cover as the boho bride.
The incident happened two days after Telangana Labour Minister Ch Malla Reddy had said that the accused in the case would be caught and that there should be an 'encounter' against him.
'I knew that since I would be designing for Sanjay Leela Bhansali's film, the aesthetics would have to be correct.' 'He doesn't show poverty in his films.' 'He won't show someone standing on the streets in phate hue kapde.'
This month, advertisements for managing directors and the senior management team for the National Bank for Financing Infrastructure and Development or NaBFID, should be out, signalling the start of a financial institution (FI) like no other the country has ever had. For this and other reasons government managers associated with the NaBFID project are convinced it should remain a 100 per cent government-owned entity. This is somewhat different from what former economic affairs secretary Tarun Bajaj said when the NaBFID Bill was being tabled in Parliament earlier this year: "To begin with, it will be 100 per cent government owned.
The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the Budget next year, a top official said. Revenue secretary Tarun Bajaj said that in terms of income tax, some people are already paying capital gains tax on the income from cryptocurrency, and in respect of Goods and Services Tax (GST) also the law is "very clear" that the rate would be applicable as those in case of other services.
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