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The entire Khadi and Village Industries sector has enjoyed the benefit of tax exemption even in pre-independence era. (Photo: Representative image/ Pixabay)

MSME approaches Finance Ministry to exempt Khadi from GST

At present only Khadi yarn produced in the sector is exempted, while other Khadi products attract a 5 per cent gst levy.

11 Aug 2017 10:14 AM IST

Custom dept to move towards paperless regime

Custom dept to move towards paperless regime

The department is doing away with submission of certain documents physically by importers.

28 Nov 2016 3:11 PM IST

A Bank Employee counting the bundles of the received currency of old 1000 & 500 notes at a cash counter. (Photo: PTI)

Demonetisation: No more note exchange at banks

Old Rs 500 notes, but not Rs 1,000, can be used for fuel bills, school fees.

25 Nov 2016 1:50 AM IST

Finance Minister Arun Jaitley

Drive to transform India to continue in Budget: Jaitley

Finance Minister says Budget will focus on 'development for all' based on 'new thinking, new direction'.

26 Jan 2017 10:37 AM IST

Rescue and relief work in progress at the site where Jagdalpur-Bhubaneswar Express derailed near Kuneru station in Vizianagaram district of Andra Pradesh. (Photo: PTI)

Enhanced safety measures help avert mishap in Bihar

The railways said that in order to avoid such incidences it has launched an extensive safety drive.

24 Jan 2017 5:59 AM IST

The rupee had closed steady at 67.96 against the US dollar on Friday amid renewed selling in the domestic equity against the backdrop of sustained capital outflows.

Jan Dhan deposits surge to Rs 64,564 crore

PMJDY accounts allow an overdraft facility of up to Rs 5,000 in one account per household.

16 July 2017 6:06 PM IST

The GST Council cleared nil rate on live asses, mules and hinnies while placing live horses under the 12 per cent bracket.

No GST on hostels in educational institutes: Finance Ministry

There are some press reports that services provided by a housing society (RWA) will become expensive under GST.

14 July 2017 1:42 AM IST

Representational Image

Cairn Energy accuses senior finance ministry official

The company said official advised Anil Agarwal to withhold its dividend income .

1 May 2017 4:20 PM IST

The merger proposals in the banking sector would require a clearance from the Competition Commission of India, the ministry official said.

Centre looks to further consolidate PSU banks

In the last consolidation, CCI nod was needed only in the case of merger of BMB with SBI.

1 May 2017 12:56 AM IST

Finance Ministry clarified there will be no GST on prasadams or free food supplied by religious institutions. Photo: ANI

No GST on food supplied by religious institutions, says Finance...

However, some ingredients and input services required for making prasadams would be subject to taxation under new...

11 July 2017 5:40 PM IST

The GST Council cleared nil rate on live asses, mules and hinnies while placing live horses under the 12 per cent bracket.

Gifts till Rs 50,000 from firms won't attract GST: Centre

The ministry said that the question arises as to what constitutes a gift.

11 July 2017 2:03 AM IST

The GST Council cleared nil rate on live asses, mules and hinnies while placing live horses under the 12 per cent bracket.

GST on sanitary pads to protect tax credit for makers: Finance Min

It cited protection of rights of domestic sanitary manufacturers as a reason for not exempting this necessary product...

10 July 2017 8:22 PM IST