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India is demanding millions of dollars in dividends from 12 reluctant state companies to make up for an expected tax revenue shortfall this fiscal year. (Photo: PTI)

India seeks hefty dividends from state firms as its revenues falter

India's federal budget is under pressure this year following an unexpected slump in economic growth.

13 Nov 2017 4:31 PM IST

GST reform process would lead to a move from the regime of tax exemptions in various sectors of economy to a regime of seamless flow of credit and payment of tax.

GST collections as on September 25

Dip in GST revenues comes despite GST Network reassuring tarders there will be no more site crashes.

27 Sept 2017 2:43 PM IST

India is considering raising import taxes on edible oils as the country seeks to become self-reliant by boosting local oilseed production. (AFP Photo)

India plans to hike edible oil import taxes to boost local supply

India currently levies 37.5% and 45% import tax respectively on crude and refined palm oil

9 Jun 2020 9:00 AM IST

Rafale deal has protected both security and commercial interest of India. Allegations on Rafale was fiction writing that was compromising national security, Finance Minister Arun Jaitley said. (Photo: ANI)

GST standard rate to be fixed between 12-18 pc as revenues increase:...

The GST Council in its last meeting cut rates on 23 items, thereby trimming the 28 per cent slab.

24 Dec 2018 12:44 PM IST

For FY 18, the fiscal deficit target was supposed to be 3 per cent but it may choose the upper band of 3.5 percent in the Union Budget.

Finance Ministry crafting strategy to boost GST revenues

Finance Secretary Hasmukh Adhia has started meeting with GST officers, both from central and state tax departments.

9 Sept 2018 12:29 PM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Direct tax collection up at Rs 5.82 lakh crore till Jan

According to Finance Ministry, personal income tax collection showed a 21 per cent growth in Apr-Jan period.

10 Feb 2017 4:20 PM IST