For 2015-16, the planned outlay for the department was Rs 2,568 crore.
The searchable database built on just a portion of the documents leaked from the Panama law firm Mossack Fonseca reveals more than 360,000 names behind the shell companies.
'We have promised to ensure reduced tax rates.'
'We showcased about 20 use cases in 5G trials in Pune and Gandhinagar and some of them were interesting and innovative.' 'However, which ones will take off and which ones would not be relevant, we don't know yet.'
'There were lots of functionalities the Group of Ministers asked us to incorporate.'
Ironically, West Bengal, which has been seeking a postponement of the GST roll-out, has fared better among most other states.
Some may lose competitiveness due to higher compliance costs
'Significant reductions in the compliance obligations mean businesses earlier struggling to comply will now have enough time to prepare and comply within the extended timelines.'
The commerce department has said that earnings through the new tax will equal the losses faced by Indian industry after the US tariffs on steel and aluminium.
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
He also pointed out that the home ministry was neither consulted, nor did it give the necessary security clearance
The govt will have to clear hurdles to push GST by March 2015.
The council decided not to levy any additional tax on small petrol and diesel cars of up to 1200 cc as well as on hybrid ones.
An internship at EY is a dream come true for finance graduates, MBA, CA, and commerce students, says Sarvesh Agrawal.
Panel formed to simplify return-filing process, take feedback from stakeholders, experts
'SC and ST entrepreneurs are showing promise in starting and running businesses'.
More than 60 individuals and entities, an overwhelming number of them Indians, were on Thursday charged by the Justice Department for allegedly participating in a multi-million dollar scam involving call centres based in India which conned thousands of American citizens.
Simplifying the processes will lead to greater efficiencies. Bad processes will not help even if implemented well, says T N C Rajagopalan
Should we really pay attention to them, asks Ajit Balakrishnan.
India must change approach and have better access to networks to fulfil its digitisation dream.
A proposal for creation of seven Customs Overseas Intelligence Network units is pending with the Ministry of External Affairs.
'Dear Business Partner, Kindly note and inform your all customers that Digital Cashback has been revised from 0.75 per cent to 0.25 per cent with effect from August 1, 2018 across oil industry for all loyalty customers,' said the text message sent by State-owned oil companies to petrol pump operators.
Barely 10% of small businesses are in a GST-ready position, say experts
Rajkot-based bullion trader Pankaj Lodhya, who has been named by the Centre in an affidavit filed before the Supreme Court in the black money case, on Monday denied having a foreign bank account and said he was shocked to find his name in the list.
After an apparent truce between AAP and the BJP following the Delhi polls, sparks are flying once again. Radhika Ramaseshan reports.
'Gloom is nowhere in sight, with healthy foreign exchange reserves, a strong rupee, healthy tax collections, corruption and crony capitalism under check,' argues Gopal Krishna Agrawal.
The Directorate of Revenue Intelligence, the lead agency to check customs frauds and smuggling, has decided to post officers at India's Mission in New York (US), Singapore, Brussels (Belgium) and in Nepal's Birgunj.
Given Congressional objections, we have told the Pakistanis that they should put forward national funds for that purpose," US State Department spokesman John Kirby said.
It's time the government accepts that Digital India is too distant.
Credit card payments to buy fuel at petrol pumps will from October 1 not get a 0.75 per cent discount that State-owned oil companies had introduced more than two-and-a-half years back to promote digital payments.
Apart from the much-reported constitutional and political hurdles on a national Goods and Services Tax (GST), there is another basic one. Barely half of dealers in the country have a Permanent Account Number (PAN) from the tax department.
The court also sought the Centre's stand on the petitioner's allegation that Delhi Police, Indian Railways and others have created accounts on social networking sites despite government departments being barred from doing so under the law.
Nine out of ten terror cases that are reported have had a hawala transaction, reports Vicky Nanjappa
K G Krishnamoorthy Rao, managing director and CEO, Future Generali India Insurance, answers insurance queries.
With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative.
If a feasible business model is worked out for cable operators, they will not only build the last-mile networks, but also market them among the local population telling people the benefits as well as how to utilise them
'Slowing down of the economy was mainly due to the demonetisation shock...' 'If you cut off the oxygen supply to a patient in the ICU and the patient dies, the patient does not come alive again when you restore the oxygen supply.'
From the roll-out of GST to H1B visa problems, the government needs to quickly deal with various disruptions.
Appropriate policies will increase connectivity much more than spectrum auctions, says Shyam Ponappa.
