The Income Tax department has decided to scan the salary structure of top executives of large corporates and PSUs to examine hidden tax opportunities in the perks and reimbursements made to them.
The total direct tax collection stands at a little over Rs 9 trillion, giving the taxman just few days to reach the 2018-19 revised target of Rs 12 trillion., reports Shrimi Choudhary.
Sources said much has been done to ease the tax burden of the middle classes in the last five years, and that such a measure affects only a limited segment of people when the focus should be to put money in rural areas. Archis Mohan reports.
IRCTC used to charge Rs 40 per ticket for bookings in AC classes, Rs 20 per ticket in sleeper class
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
All listed firms were required to have at least one woman director on their boards from April 1, 2015, as per a Sebi directive.
The government last month had approved a plum Rs 69,000 crore revival package for BSNL and MTNL that includes merging the two loss-making firms, monetising their assets and offering VRS to employees so that the combined entity turns profitable in two years.
Promoter holding in family-owned firms up 70 bps since 2005, 240 bps since 2010.
The government has approved a Rs 517 crore (Rs 5.17 billion) package to clear the pending salaries and statutory dues of 4,500 employees of 24 ailing PSUs, Heavy Industries Minister Santosh Mohan Deb said on Thursday.
With only 1.21 lakh completed out of a targeted 4.19 lakh, the government seems to be in a race against time to fulfil Prime Minister Narendra Modi's promise of ensuring toilets in all schools.
In September, issue of new LPG connections had been put on hold pending a massive nationwide exercise to eliminate multiple connections
Coal India was listed on November 4, 2010, and its market value today stands at over Rs 2 lakh crore.
The negative aspect about the Budget is that the capital expenditure has been marginally cut to achieve the fiscal deficit target assumptions, and the onus of sustaining investment demand till private capex revives continues to vest with the public sector enterprises, notes Jyotivardhan Jaipuria.
The previous highest divestment proceeds for the first half of a year was around Rs 21,000 crore in 2016-17.
Railways and port trusts have 60,000 acres of prime land for commercial use; nod for use of land with 50 loss-making PSUs on the cards.
Earlier this month, market regulator Sebi had given go- ahead to the disinvestment department's proposal to give preference in share allotment to those PSUs located in states in which Neyveli's generating units were located.
The officer can use the Evidence Act to bring VBS' identity to light.
According to telcos and analysts, this is due to SIM consolidation happening after the minimum recharge plans were implemented by incumbents.
This comes against the backdrop of the capital expenditure of these companies rising a mere 1.7 per cent this year, though the projection at the beginning of the year was of six per cent growth.
The government on Wednesday said it had not decided to offload its equity in Oil and Natural Gas Corporation and other oil PSUs but the residual 26 per cent stake in IBP Ltd would be sold in the market through public offer.
In an online chat with readers, Anil Nagar, Director, Bank Power Institute, Delhi addressed queries on how to prepare for the exam.
Prime Minister Manmohan Singh has asked administrative ministeries to work out viable plan for disinvestment of BHEL and Coal India, including dividend payment, so as to achieve Rs 40,000 crore (Rs 400 billion) target in the current fiscal.
The strike has been called jointly by the Bhartiya Majdoor Sangh (BMS), All India Trade union Congress (INTUC), All India Trade Union Congress (AITUC), Hind Mazdoor Sabha (HMS), Centre of Indian Trade Unions (CITU), All India United Trade Union Centre (AIUTUC) and other affiliated organisations.
Labour unions on Monday threatened to go on a lightning strike the day government invited bids for privatising highly profitable oil public sector units HPCL and BPCL.\n\n\n\n
Sensex has six while Nifty has only 10.
The government had proposed to raise Rs 30,000 crore from divestment in the current fiscal.
'If anybody defaults on something which is due for today, they have to disclose it tomorrow.' 'The accumulation of NPAs is due to asymmetry in information.' 'The investor should have real-time information.'
The NMDC issue was oversubscribed 1.73 times on Wednesday, fetching Rs 6,000 crore (Rs 60 billion) for the government for its 10 per cent stake, thanks to strong participation from FIIs and state-run insurer LIC.
According to sources, Russian energy giant Rosneft or its affiliates, Saudi Aramco and Reliance Industries are in race for BPCL's three refineries - Mumbai, Kochi in Kerala and Bina in Madhya Pradesh - 16,309 petrol pumps, 6,113 LPG distributor agencies and more than a fifth of 256 aviation fuel stations in the country.
In a landmark development, 24 states signed a tripartite agreement on Thursday with the Centre and reserve Bank of India to clear dues worth Rs 37,400 crore (Rs 374 billion) of central power PSUs like NTPC, under a one-time settlement scheme.
The Sensex erased its gains in the afternoon trades after displaying positive trends in the morning deals.
Note proposes more checks, transparent data bank in land sale or lease.
Oil major ONGC is believed to have been kept out of the bidding process for the two oil PSUs.
Although it has not been able to sell stake in any PSU so far this fiscal, the government will be able to meet the Rs 30,000 crore disinvestment target set for 2012-13, according to Department of Economic Affairs secretary Arvind Mayaram.
The government on Friday exuded confidence that it will be able to raise Rs 25,000-Rs 30,000 crore from disinvestment and will remain very close to the fiscal deficit target of 5.1 per cent of the GDP in 2012-13.
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