In a circular, the home ministry said the revised cash management system, formulated by the ministry of finance, has to be followed in view of the changes in tax receipt under the GST regime.
The Budget should use the extra RBI surplus to better effect, suggests A K Bhattacharya.
In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.
The change of government in Pakistan after the exit of hawkish Imran Khan and his likely replacement by hard-core realist Shehbaz Sharif may provide a little window of opportunity for the leaders of India and Pakistan to reset their nearly frozen bilateral ties, according to experts.
'Sin tax' is a globally prevalent practice under which products like alcohol and tobacco attract higher rates of tax.
She said that earlier governments used to sell dreams to people while the present regime is fulfilling the dreams.
The decision to impose a 28 per cent tax on the full face value of bets placed on online games will be implemented from October 1 even though there was demand for a review from states like Delhi and Goa, finance minister Nirmala Sitharaman said on Wednesday. The GST Council -- the highest decision making body of the new indirect tax regime that comprises Union finance minister and representatives of all states -- discussed the language of amendments that will be needed to enabling taxing online gaming, she said after the panel meeting.
In a memorandum submitted to the EC, the INDIA party leaders submitted a list of recent instances of central agencies targeting Opposition parties and alleged an absence of a level playing field for the opposition.
The alpona (artwork) on the steep, winding road leading to Makaibari bears testimony to the visit of G20 delegates for the second tourism working group meeting in April last year. The lush tea bushes, the delegates joining in for the moonlight plucking of Silver Tips Imperial first flush, a favourite of late Queen Elizabeth II, cut a picture of mystical magic. But it's not the Kurseong tea garden's only shining moment - the last few years have been busy for the estate and its bungalow.
Shah, who held a closed door meeting to take stock of the party organisation, said he could 'sense massive public anger' against the Mamata Banerjee-led TMC government in the state and gave a call to 'uproot' it in the state polls.
Maldives' new government has commended India for the way it dealt with the political upheaval in the country, saying New Delhi was not "fooled" by Mohamed Nasheed's claims of a coup and was "correct" in its reaction.
With the implementation of the goods and services tax less than 75 days away -- assuming July 1 as the roll-out date -- Sudipto Dey provides a guide to how businesses can navigate the transition.
Finance Minister Arun Jaitley hints at a world class tax regime.
The National Pension System (NPS) added 21.5 per cent fewer fresh subscribers under the corporate segment in 2023 compared to the preceding year. Government officials and experts attribute it to the higher exemption limit of income tax of Rs 7 lakh announced in the FY24 Budget that no more requires employees under this income bracket to opt for NPS for tax-saving purposes. Data collated from the Ministry of Statistics and Programme Implementation (MoSPI) reveals that the corporate component is voluntary in nature and saw 158,212 new subscribers in 2023 compared to 201,517 during 2022.
With no apparent wave on the ground or pressing everyday issues, that's what it boils down for voters as Rajasthan readies for assembly polls this week.
The curious onlookers that greet the candidates are, however, unaware about the importance of history. They are just there to catch a glimpse of 'Rani Ma' Amrita Roy or Mahua Moitra.
The charged PTI supporters, including women and children, showed their solidarity with Khan during the rally that started at 9 pm on Sunday and lasted till 3 am on Monday.
Development economist Jean Dreze said the Indian democracy is currently navigating a crisis that is not only limited to the 'recent wave of authoritarianism' but also suppression of opposition voices by the ruling Bharatiya Janata Party.
Indicating that Tamil Nadu will soon follow Maharashtra in witnessing a regime change, state Bharatiya Janata Party chief K Annamalai has claimed "an Eknath Shinde will emerge in" the state, comments that were dismissed outright by the ruling party.
Celebrate the weekend with Shah Rukh Khan and more on OTT.
Madhabi Puri Buch, the first female chairperson of Sebi, doesn't plan to rest on her laurels in her third and final year in office and has set out an ambitious goal, such as moving towards a same-day and instantaneous settlement cycle for the secondary market.
'We all are united and intact. We have been working for the people and will continue to serve people. We have done a lot of developmental work in Bihar. From constructing good roads, bridges, electricity, and drinking water facilities to several other infrastructural projects, we have done a lot of work in the state. The electorate will make the final decision'
'Young IFS officers today would take it for granted that they represent a major country with strengths and capabilities.' 'They will be aware that India is seen as one of the 10 significant countries in the world and therefore their voice will be heard whether on climate change or regime change,' says Ambassador B S Prakash.
The government on Thursday tweaked curbs on imports of laptops and computers as it allowed importers to bring in shipments of IT hardware from overseas on a mere 'authorisation' upon detailing quantity and value. The new 'import management system' is aimed at monitoring shipments of laptops, tablets and computers into the country without hurting market supply or creating a cumbersome licensing regime. The announcement is likely to provide relief to companies in the IT hardware segment in India as they had flagged concerns over the imposition of a strict licensing regime for importers.
Patel's elevation and his subsequent projection as chief ministerial face -- he is the first from the Kadva Patidar sub-group to be the chief minister -- is key to BJP's plans to woo the Kadva Patidar community, which some political observers feel, has drifted away from the party.
Assessment of the 427 account holders associated with HSBC list will be completed by March 21, 2015.
Vaughan wants England management to take inspiration from Manchester City boss Pep Guardiola.
Embattled Delhi Chief Minister Arvind Kejriwal walked out of the Tihar Jail on Friday evening, hours after the Supreme Court granted him interim bail in a money laundering case to enable him to campaign in the Lok Sabha elections, in a huge relief to his party struggling to gain momentum in the absence of its foremost leader.
'The government is using the agencies of the government to suppress the Opposition.'
'When his captaincy is under threat, he tends to quit': Manjrekar on Kohli
On the controversial AFSPA, the home minister said, "We will also think of revoking AFSPA."
'By manipulating India's electoral laws, the aim of the Modi government is to weaken democracy to such an extent that it ultimately crumbles.'
rediffGURU Samkit Maniar answers readers' personal income tax queries
Shah made the announcement while addressing the passing out parade of the first batch of the five newly constituted Assam Police Commando battalions in Guwahati.
Cut down sugar. Have a balanced meal. Drink plenty of water. Get some sun.
The protesting farmers' main demand to legalise the minimum support price (MSP) regime has divided opinion. One school of thought says it would lead to crop diversification and help India keep under check its burgeoning import bill on edible oils and pulses, while another says it would incentivise farmers to produce low-quality crops. Contrary to popular perception, India has a trade surplus in agriculture and allied activities, which stood at $18.65 billion during 2022-23 (FY23) against $15.92 billion in the previous year. However, the surplus was mainly on account of rice, wheat, sugar, spices, and buffalo meat.
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
The government has exempted units of investment trusts and ETFs issued by entities based in GIFT City or traded in exchanges there from capital gains tax. The Central Board of Direct Taxes (CBDT) notified the exemption from capital gains tax any unit of investment trust; a unit of a scheme; and a unit of an Exchange Traded Fund (ETF) launched under the International Financial Services Centres Authority (Fund Management) Regulations, 2022. Gujarat International Finance Tec-City (GIFT)-IFSC is being promoted as a tax-neutral enclave for the financial sector.
Zak Crawley said most of his teammates have become better players since embracing the ultra-aggressive 'Bazball' approach
There is a congruence of interests between Ukrainian intelligence and its Western mentors to destroy Wagner and eliminate it from the geopolitical chessboard altogether, argues Ambassador M K Bhadrakumar.
