Finance

The central government is planning to restore new laws on loan defaulters thereby making wilful default a serious criminal offence under IPC (Indian Penal Code) as well as giving timelines and defining it to make sure that those who have not repaid bank loans on time will not be able ...

After Uttarakhand, Bihar and Assam, many more states have come up to impose 10% entry tax on goods purchased online thereby putting direct pressure on the ecommerce industries. Entry tax usually means a tax which any state imposes on goods coming from another state. Gujarat, Madhya Pradesh and Rajasthan have ...

Telangana Finance Minister Eatala Rajender today has presented the budget for the financial year 2016-2017 with a corpus of Rs. 1,30,415 crore. 25,000 crore has been allocated for the irrigation sector. 67,630 crore has been allocated for Plan Expenditure and Non-Plan Expenditure has been allocated with Rs. 62,785 crore. Telangana’s ...

Prime Minister Narendra Modi today in the “Advancing Asia” summit co-hosted by the International Monetary Fund (IMF) has said that even though India is the world’s fastest growing economy and at the same time is one of the most favoured destinations for business and investment, the government will continue to ...

India and the International Monetary Fund (IMF) today has signed a memorandum of understanding (MoU) to establish a regional training and technical assistance centre in the capital keeping in mind of enhancing the capacity development and training officers to deal with macro-economic and financial issues. The MoU was signed between ...

India has topped among best emerging markets but the country needs to discuss about the increasing stress and vulnerabilities of corporate finances and asset quality difficulties of state-run banks to sustain the recovery process, said the International Monetary Fund (IMF). The corporate finance vulnerabilities only will increase if not being ...

Author: Sashank Nori 2015-16 fiscal year is about to come to an end. This is the time when we review our pay slips – we see a lot of taxes levied on our income. We’ve been paying taxes for each and every stuff which we buy /sell/rent/mortgage, etc.… and an ...

According to a circular released by the Income Tax Department, the contributions that have been made to the Atal Pension Yojana (APY) will now be eligible for the tax benefit, similar to the National Pension System. The tax benefit will be the additional deduction of Rs. 50,000/- under Section 80CCD(1) ...

The central government is soon planning to launch the national social security card scheme to facilitate people to get avail benefits of almost half dozen schemes in one platform. A formal statement regarding the matter will be announced in the upcoming budget which will be inaugurated on 29th February. The ...

The upcoming budget will focus on addressing rural stress, more so it will focus on farmers, generating employment and eradicating poverty and will thoroughly be a people-centric one, said Minister of State for Finance Mr. Jayant Sinha. Finance Minister Arun Jaitley will formally unveil the budget on 29th February. Sinha also ...