Finance

News: The government has proposed to integrate 36 central and state government services such as application for environment clearance, property tax and factories licence with the e Biz portal. Description:  India has been ranked 142 among the 189 countries and the government is aiming to bring India into the top ...

News H.E. Mr. Mohan Kumar, Ambassador of the Republic of India to France India, joined the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information in Paris, France, along with Australia, Canada, Costa Rica, Indonesia and New Zealand. Ninety-four countries have committed to exchange information on an automatic ...

News The foundation stone for this New Bank Note Paper Line was laid on 17.12.2011 by the then Finance Minister, Shri Pranab Mukherjee. The project has been completed at a cost of Rs. 495 crore within the budget and within the time schedule. This New Security Paper Mill in Hoshangabad ...

News The central government has given more fiscal freedom to the states but they seem to be cutting allocations to social sectors, especially agriculture and allied areas in response, according to the initial findings of a study. The Narendra Modi administration wants to empower states further as part of a push ...

Under the “Make in India” initiative new production line for manufacturing  currency paper was inaugurated by Finance minister Mr. Arun jaitley at Hoshangabad, Madhya Pradesh. The annual capacity of this production line is 6000 tonnes per annum. Another production line will be established in Mysore, Karnataka by the year end which ...

News Failure to answer questions from the tax department can entail a penalty of up to Rs two lakh from the next financial year under the new black money law, which has got the assent of the President. The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax ...

News The Finance Ministry today came out with new three-page income tax return (ITR) forms, dropping the controversial provision for mandatory disclosure of foreign trips and dormant bank accounts, while it also extended the last date of filing to August 31. The new forms – ITR 2 and ITR 2A ...

News The names of these five “Indian nationals” have been made public in Switzerland’s Federal Gazette with regard to details sought about them by the Indian authorities. Making public these names, the Swiss Federal Tax Administration (FTA) has asked them to file an appeal within 30 days before the Federal ...

News Fiscal Deficit for the Financial Year 2014-15 stands at 4.0 % as against the Target of 4.1 % Revenue Deficit for FY 2014-15 stands at 2.8% as Against Target of 2.9% Gross Tax Collections During 2014-15 Stand at Rs. 12,45,037 Crore and thus Registering a Growth of 9% during ...

News Lok Sabha on Monday passed a bill to deal with black money stashed abroad. The bill provides for rigorous imprisonment of up to 10 years for offenders. Earlier, piloting the Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015, finance minister Arun Jaitley said there would be short ...