News for 'trade and taxes department'

100 days no development, Congrats: Rahul jabs PM

100 days no development, Congrats: Rahul jabs PM

Rediff.com8 Sep 2019

He attacked the dispensation over issues such as the state of the economy, the situation in Kashmir, the National Register of Citizens in Assam and action by probe agencies against opposition leaders.

How Modi can crack down on black money

How Modi can crack down on black money

Rediff.com5 Oct 2015

Today, the single most popular route of laundering is the stock market platform, notes Debashis Basu.

Govt to sell 20% in National Fertilizers, could rake in Rs 410 cr

Govt to sell 20% in National Fertilizers, could rake in Rs 410 cr

Rediff.com11 Feb 2021

The government has revised its divestment target downwards from Rs 2.1 trillion, as its ambitious privatisation programme has been deferred to next year.

India eyes $900 billion exports by 2020; sops for exporters

India eyes $900 billion exports by 2020; sops for exporters

Rediff.com1 Apr 2015

The government announced several incentives in the five-year Foreign Trade Policy.

India to witness better foreign investments in 2014

India to witness better foreign investments in 2014

Rediff.com25 Dec 2013

UK's largest retailer Tesco, Singapore Airlines and Etihad queued up to invest in India as a persistent UPA threw open more sectors to foreign investments with indications of more big ticket deals to be announced in the new year.

Govt mulls reforms push in FY16 Budget

Govt mulls reforms push in FY16 Budget

Rediff.com16 Sep 2014

Some experts had said the Budget did not have much in terms of big ideas.

Economic surveys: A case of hits and misses on GDP numbers

Economic surveys: A case of hits and misses on GDP numbers

Rediff.com5 Feb 2021

Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.

'Small traders lost Rs 4-5 lakh crores in lockdown'

'Small traders lost Rs 4-5 lakh crores in lockdown'

Rediff.com7 Oct 2020

'You have come out with a package for the kisan.' 'You have a package for industry.' 'But has anyone addressed the issues concerning small traders?'

Relaxed FDI norms to boost low cost housing

Relaxed FDI norms to boost low cost housing

Rediff.com11 Jul 2014

Income from renting of properties is taxed at a flat rate of 10%.

Full text: President Murmu's address to Parliament's Budget Session

Full text: President Murmu's address to Parliament's Budget Session

Rediff.com31 Jan 2023

'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.

India likely to be among top 20 global FDI sources by 2021

India likely to be among top 20 global FDI sources by 2021

Rediff.com14 Jun 2019

While the UN report said that FDI inflows rose 6 per cent in 2018 to $ 42 billion, the government's own data for the entire FY19 period has shown that inbound equity investments declined for the first time in six years in FY19.

'Gita is one of the world's outstanding economists'

'Gita is one of the world's outstanding economists'

Rediff.com19 Oct 2018

Although the first woman to hold the position of chief economist at IMF, it would be wrong to see her appointment through the lens of gender

The energy underworld

The energy underworld

Rediff.com17 Jun 2008

With prices soaring, the oil and gas business has become ripe for criminal behavior.

Vodafone case: Govt yet to take call on appeal against HC order

Vodafone case: Govt yet to take call on appeal against HC order

Rediff.com10 Nov 2014

The I-T department had said Vodafone India under-priced shares in a rights issue to its parent. The tax demand was for the two financial years ended March 2011.

All in all, a 'Robin Hood' Budget

All in all, a 'Robin Hood' Budget

Rediff.com3 Feb 2018

For the first time in the history of Budget-making in India, a single Budget will touch 65 crore Indians, says Shailesh Haribhakti.

Once a hotspot, Tamil Nadu's electronics sector in doldrums

Once a hotspot, Tamil Nadu's electronics sector in doldrums

Rediff.com16 Oct 2014

Tax problems and unfavourable WTO agreements are making Tamil Nadu's electronics corridor less attractive to companies.

Demonetisation brings trucks to a halt; drivers 'virtually begging' for food

Demonetisation brings trucks to a halt; drivers 'virtually begging' for food

Rediff.com19 Nov 2016

With no money to buy food or pay taxes at check points, thousands of truck drivers are stranded at the Bihar-West Bengal-Assam borders.

Note ban may dent BJP's chances in western UP

Note ban may dent BJP's chances in western UP

Rediff.com9 Feb 2017

For the party's traditional vote bank -- traders -- demonetisation was a 'political betrayal.'

Panel suggestions likely to lessen farmers' woes

Panel suggestions likely to lessen farmers' woes

Rediff.com24 Apr 2018

Regulated electronic platforms such as e-spot markets or spot exchanges may be deemed as authorised markets.

CAG audit of GST reveals systemic flaws, not just glitches

CAG audit of GST reveals systemic flaws, not just glitches

Rediff.com28 Aug 2019

The CAG audit and other data suggests it could be far from the efficient new alternative that was once conceptualised. A conclusive review remains elusive till the government begins to release more granular and comparable data on the complex backend of GST to a deeper scrutiny, by researchers, auditors and the public.

Govt pins hope on festive months for growth push

Govt pins hope on festive months for growth push

Rediff.com5 Oct 2020

The department of economic affairs, in its Monthly Economic Review for September, said critical reforms undertaken by the government will put India to a strong and sustainable growth path in the long run.

Cash crisis: Aaj ki taaza khabar!

Cash crisis: Aaj ki taaza khabar!

Rediff.com15 Nov 2016

Aaj ka taaza khabar

Sebi puts curbs on HNI, 4 firms for manipulation

Sebi puts curbs on HNI, 4 firms for manipulation

Rediff.com3 Dec 2010

The Securities and Exchange Board of India (Sebi) on Friday banned Mumbai-based high net worth individual Sanjay Dangi and promoters related to him from dealing in equity markets. Promoters and promoter entities of Murli Industries Ltd, Ackruti City Ltd, Welspun Corp Ltd, and Brushman India Ltd have been barred from trading in their own and group companies' shares.

I-T dept targets BJP MLAs in Karnataka

I-T dept targets BJP MLAs in Karnataka

Rediff.com25 Oct 2010

Sleuths of the Income Tax department on Monday conducted raids on the residences and offices of two Member of Legislative Assembly of the Bharatiya Janata Party, according to sources. Raids were conducted at the residences and offices of Suresh Babu and Nagendra. According to sources, raids were conducted in 60 different places including their offices at Bellary and Bengaluru. Their residences were also searched by I-T department officials. I-T sleuths have seized black money

'Compliance hassles would be lower with GST'

'Compliance hassles would be lower with GST'

Rediff.com28 Jun 2017

There is mutual invoice matching which ensures reason why GST was brought in first place, says Adhia.

A Budget with sense and sensibility

A Budget with sense and sensibility

Rediff.com18 Mar 2015

To begin, the Budget has no doubt attempted to address uncertainty.

IMF lowers India growth estimate to 4.8% for 2019

IMF lowers India growth estimate to 4.8% for 2019

Rediff.com20 Jan 2020

IMF Chief Economist Gita Gopinath also said the pickup in global growth for 2020 remains highly uncertain as it relies on improved growth outcomes for stressed economies like Argentina, Iran, and Turkey and for under-performing emerging and developing economies such as Brazil, India, and Mexico.

Will Modi Sarkar come out with a 6th Budget?

Will Modi Sarkar come out with a 6th Budget?

Rediff.com17 Aug 2017

This will violate the time-honoured convention that a government elected for a five-year tenure presents only five full Budgets, but the NDA government will no doubt present it as yet another initiative of Mr Modi.

Cash Crisis: Aaj ki Taaza Khabar

Cash Crisis: Aaj ki Taaza Khabar

Rediff.com18 Nov 2016

At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.

How to rewrite India's toy story

How to rewrite India's toy story

Rediff.com18 Jul 2021

The earliest ones included whistles shaped like birds, toy monkeys that could slide down a string and small carts made from materials found in nature such as sticks, clay and rocks. While there might be no disputing India's rich toy-making tradition, the industry is languishing for lack of investment and technology, and also owing to competition from cheap imports. And though it has been listed among 24 key sectors under the government's Atmanirbhar Bharat Abhiyaan, the question remains: will this push help place it in the global game? Currently, 80-odd per cent of the toys sold in India are imported - nearly 60 per cent of them from China.

Customs allows e-clearance for moving laptops

Customs allows e-clearance for moving laptops

Rediff.com27 Mar 2020

The Customs clearance required for moving equipment like laptops, desktops, etc out of SEZ units was delaying things as the clearance had to be taken in person after a first level of approval online.

What ails the Indian economy?

What ails the Indian economy?

Rediff.com6 Sep 2019

Dr Rakesh Mohan, former RBI deputy governor, and Dr Pronab Sen, former chairman of the Indian Statistical Commission discuss the issues facing the Indian rural and manufacturing sectors and what the government must possibly do to improve demand and perk up the Indian economy

Govt may cut excise duty on petrol, diesel soon

Govt may cut excise duty on petrol, diesel soon

Rediff.com10 May 2018

India is the second largest buyer of Iranian crude, after China.

India's best and worst performing PSUs

India's best and worst performing PSUs

Rediff.com27 Feb 2015

ONGC is the country's most profitable PSU.

Padding up for GST

Padding up for GST

Rediff.com25 Jul 2017

Businesses that are engaged in both taxable and non-GST supply have re-structured themselves into separate entities to avoid elaborate compliance, says Sudipto Dey.

Round 3: How Sitharaman plans to revive economy

Round 3: How Sitharaman plans to revive economy

Rediff.com14 Sep 2019

In another round of economic booster, Sitharaman announced steps to help homebuyers and push exports.

17 states, over 100 locations: ED launches massive crackdown on shell firms

17 states, over 100 locations: ED launches massive crackdown on shell firms

Rediff.com1 Apr 2017

The agency said it searched a Mumbai-based operator who was running 700 shell companies with 20 dummy directors and had "converted Rs 46.7 crore for Chaggan Bhujbal", the jailed ex-Maharashtra deputy chief minister.

I-T slaps notice on NDTV promoters' transactions

I-T slaps notice on NDTV promoters' transactions

Rediff.com27 Apr 2016

Promoter entity RRPR - owned by Prannoy and Radhika Roy - says allegations baseless; replies to queries by Sebi.

Ease of Doing Business: How REAL is India's ranking?

Ease of Doing Business: How REAL is India's ranking?

Rediff.com9 Nov 2018

For the second year in a row, India has been recognised as the fifth-best performing nation in reforming the business environment. However, in the two categories that the government was banking on most - "Paying Taxes" and "Resolving Insolvency" - landmark reforms that were expected to yield better results have had the opposite effect. Under the circumstances should the country celebrate already or are there any reasons for worry, wonders Subhayan Chakraborty.

GST impact: Gold import surge from South Korea alarms govt

GST impact: Gold import surge from South Korea alarms govt

Rediff.com9 Aug 2017

Steps such as safeguard duty in the works to plug the route