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Finance Minister Arun Jaitley said the new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states. (Photo: Twitter | ANI)

Jaitley likely to address Sebi, RBI boards on Feb 10

Finance Ministry to do away with securities transaction tax and abolish dividend tax for growth of capital markets.

22 Jan 2018 9:56 AM IST

The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

Govt lowers additional borrowings to Rs 20,000 crore in FY18

Government has reassessed additional borrowing requirements taking note of revenue receipts and expenditure pattern.

17 Jan 2018 11:18 AM IST

Sebi regulates Indias capital market. (Photo: PTI)

Govt invites applications for Sebi's whole time member

The interested candidates need to send the application by February 14.

13 Jan 2018 10:54 AM IST

Earlier, the government had fixed August 20 as the last date for filing GSTR-3B forms for July. (Photo: File/Representational)

No extension of GSTR-1 filing deadline: Finance Ministry

Businesses with a turnover of up to Rs 1.5 crore have to file GSTR-1 for July-September by tonight.

11 Jan 2018 9:43 AM IST

Finance Minister Arun Jaitley (C) stands outside his office at North Block holding the briefcase containing the Union budget for 2017 and is flanked by MoS Arjun Meghwal (R) and Santosh Gangwar (L), in New Delhi. (Photo: PTI)

Middle class can hope for big tax relief in budget 2018-19, says...

In the last Budget, Finance Minister Arun Jaitley left the slabs unchanged but gave marginal relief to small tax payer.

10 Jan 2018 10:26 AM IST

The Union finance ministry said that there were some complaints that the taxpayers are not being able to log on to the e-filing website of I-T department or not being able to link Aadhaar with PAN.

Direct tax collections rise 18.2 per cent in April-December

Net direct tax collections represent 67 per cent of total Budget Estimates of direct taxes for FY 2017-18.

9 Jan 2018 12:05 PM IST

FDI equity inflow in manufacturing sector grew by 31 per cent to USD 4.19 billion during April-June this fiscal.

Finance Ministry clears FDI proposal worth Rs 532 cr in Dec

FDI into the country grew 9 per cent to USD 43.47 billion in 2016-17.

5 Jan 2018 9:58 AM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

Govt seeks Parliament nod for Rs 80,000 cr PSBs recapitalisation

NPAs have increased to Rs 7.33 lakh crore as of June 2017, from Rs 2.75 lakh crore in March 2015.

4 Jan 2018 3:19 PM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Govt notifies 7.75 pc bond scheme for retail investors

Government came out with bonds offering 8 per cent interest to encourage retail investors to invest.

4 Jan 2018 11:46 AM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

8 per cent govt bonds to close for subscription from tomorrow

Finance Ministry had reduced interest rate on various small saving schemes by 0.2 per cent.

2 Jan 2018 11:05 AM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

Govt relaxes norms for rectification of returns under GST

GSTR-3B, initial summarised return, has to be filed by businesses by 20th day of every month.

1 Jan 2018 4:22 PM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Finance Ministry asks PSBs to consider selling, swapping loan assets

Swapping and selling assets will help banks to focus on their core competencies and trim their burden.

1 Jan 2018 2:33 PM IST