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8 November, 2018 10:37 AM Arun Jaitley justifies Demonetisation, says shake-up required to make India move to digital transactions

New Delhi: On the second anniversary of Demonetisation, Finance Minister Arun Jaitley dismissed the “ill-informed criticism” of the note ban. Refusing claims that almost the entire cash money got deposited in the banks, Jaitley in a Facebook post wrote that confiscation of currency was not an objective of Demonetisation. “Getting it into the formal economy 142

30 August, 2018 12:47 PM Larger purpose of demonetisation was to move to a tax-compliant society: Arun Jaitley

The finance minister also pointed towards the increase in income tax returns filed Union Finance Minister Arun Jaitley, in a blog post on Thursday, said the larger purpose of demonetisation was to not to invalidate the non-deposited currency, but to move India from a tax non-compliant society to a compliant society. “This necessarily involved the formalisation 91

23 August, 2018 9:10 AM Government imposes standard environment clearance conditions for 25 sectors

The government has imposed standard conditions for as many as 25 sectors like steel, coal and oil, seeking environment clearance (EC) for expansion of existing projects or new projects. The government constituted green panel called Expert Appraisal Committee (EAC) assesses the projects and makes recommendations, based on which the Environment Ministry 72

20 May, 2018 5:45 AM SBI's Loans Against Property: Interest Rates, Processing Charges And Other Details

Repayment to the bank is to be done in form of EMIs at an interest rate pre-decided by the bank. State Bank of India (SBI) offers loans against property under its personal finance portfolio. SBI's loans against property give cash requirements against the individual's asset (or property), as mentioned on the official website of SBI. Loan against property 74

10 November, 2017 3:39 PM Full list of GST Council recommendations for returns filing

The GST Council on Friday simplified procedures, and several changes to make the 'Composition Scheme' more attractive. In another significant decision aimed at easing compliance and simplifying procedures, tax assesses will now be required to file only two sets of forms— GSTR1 and GSTR 3B — instead of four earlier. While small taxpayers with an annual 82

30 October, 2017 2:52 AM GST returns filing: All taxpayers to file quarterly tax returns? Here is what GoM wants

Taxpayers may look forward to more concessions as the Goods and Service Tax (GST) Council meets at Guwahati on November 10. While more cuts in tax rates, especially for items under the highest 28% rate, are on the cards, a group of state finance ministers (GoM) set up by the Council has recommended that all taxpayers be allowed the leeway of filing the detailed 111

26 September, 2017 6:45 PM August GST mop-up slips to Rs 90,669 crore

NEW DELHI: Collections under the Goods and Services Tax, the single indirect tax regime introduced for all of India on July 1 this year, dropped marginally to Rs 90,669 crore for August from the revised figure of Rs 94,063 crore for July. The collections for July were pegged at Rs 92,283 crore earlier, above analysts’ expectations. “The total revenue 63

23 September, 2017 12:12 AM Mamata Banerjee Has New Plan After Court Voids Durga Idol Immersion Ban On Muharram

Since the Calcutta High Court had objected to a blanket ban on immersion of Durga idols on Muharram, top West Bengal bureaucrats told Chief Minister Mamata Banerjee that the government would be well within the boundaries of law and the court verdict to take a decision on individual requests for the idol immersion. The day after the high court cancelled 108

31 August, 2017 3:54 AM Tax collection up since demonetisation, says government

* The Government had expected all the SBNs to come back to the Banking system to become effectively usable currency. The RBI's Annual accounts show that bulk of SBNs have come back to the Banking system shows that the banking system and the RBI were able to effectively respond to the challenge of collecting such a large number of SBNs in a limited time. * At the same time, the effective 93

20 August, 2017 6:59 PM War won’t give China any clear gain, only cause casualties, assesses govt

NEW DELHI: Escalation of the Doklam stand off into a shooting war is unlikely to deliver significant gains for China, and a wider conflict carries the risk of heavy casualties tilting the odds in favour of diplomacy prevailing despite a barrage of angry words from Beijing. The assessment in top government circles is that a flare up at Doklam and other 58