Lok Sabha passes Union Finance Bill after roll back service tax on healt care The Lok Sabha has passed the Union Finance Bill after Finance Minister Pranab Mukherjee rolled back five per cent service tax on health care and announced a few other tax concessions.
With the passage of the Finance Bill yesterday, the Lok Sabha completed Read more…
FM approves higher interest rate of 9.5 per cent for EPF
The Finance Ministry Pranab Mukherjee has approved higher interest of 9.5 per cent for depositors with the Employees’ Provident Fund Organisation for the year 2010-11.
A recommendation to this effect was made by the EPF Board earlier. The Central Provident Fund Commissioner Samirendra Chatterjee said in Read more…
Pranab invites opposition leaders’ to break parliamentary impasse The Leader of the Lok Sabha Pranab Mukherjee has called a meeting of opposition leaders on February 8th to break the parliamentary impasse.
In letters sent out to Opposition party leaders, Mr. Mukherjee invited them Read more…
Pranab to unveil its strategy to deal with black money issue The government will unveil its strategy to deal with the black money issue today. Finance Minister Pranab Mukherjee will announce the measures that the UPA government intends to take to bring back unaccounted money into the country and to tighten the regulatory and tax framework to prevent further illegal outflows.
A finance ministry spokesman said Mr Mukherjee will hold a press Read more…
GoM on FM Radio Phase-III finalises e-auction The Group of Ministers on FM Radio Phase-III has finalised an e-auction model for its roll out.
Official sources said that the GoM, headed by Finance Minister Pranab Mukherjee decided against the conventional open auction model and instead chose the e-auction Read more…
Govt. gestating to surpass direct tax collection aim of Rs. 4.30 lakh crore The govt of India is looking to surpass the direct tax collection target of 4.30 lakh crore rupees for this fiscal.
According to officials , the net amount of direct tax collections could be around Rs 4.5 lakh crore .
Central Board of Direct Taxes (CBDT) Chairman Sudhir Chandra stated Read more…
Pranab Mukherjee to conducts pre-budget meeting with State Finance Ministers in New Delhi today The Finance Minister, Mr. Pranab Mukherjee will conducted a pre-budget meeting with the all state Finance Ministers in New Delhi today for today debate th price rise, goods and sevice tax on the budget for the year 2011-12.
The meeting is also expected to review the impact of fiscal and monetary measures to revive the economy and identify the Read more…
Centre extends ban on export of pulses for one more year An Empowered Group of Ministers (EGoM) on Food, headed by Finance Minister Pranab Mukherjee, has decided to extend the ban on export of pulses for one more year.
Talking to reporters after the EGoM meeting on Tuesday, Food and Consumer Affairs Minister Sharad Pawar said that the concessions for import of pulses will also continue. The EGoM has also decided to release to states five million tonnes of Read more…
RBI’s to injects Rs 48,000 cr into system to help ease cash crunch Finance Minister Pranab Mukherjee has said that the Reserve Bank’s move to inject 48,000 crore rupees into the system will help ease cash crunch, but will not add to inflationary pressure.
Mukherjee told reporters in New Delhi yesterday that RBI is fully aware of the situation prevailing on the price front. RBI Read more…
Govt to improve efficiency and equity of tax system: Pranab Mukherjee The Finance Minister Mr Pranab Mukherjee has said that the government is committed to improve the efficiency and equity of tax system by eliminating distortions in the tax structure.
Inaugurating a 2-day National Seminar on Goods and Services Tax (GST) in New Delhi today, Mr Mukherjee said the proposed Read more…
The Lok Sabha has passed the Union Finance Bill after Finance Minister Pranab Mukherjee rolled back five per cent service tax on health care and announced a few other tax concessions.
The Leader of the Lok Sabha Pranab Mukherjee has called a meeting of opposition leaders on February 8th to break the parliamentary impasse.
The government will unveil its strategy to deal with the black money issue today. Finance Minister Pranab Mukherjee will announce the measures that the UPA government intends to take to bring back unaccounted money into the country and to tighten the regulatory and tax framework to prevent further illegal outflows.
The govt of India is looking to surpass the direct tax collection target of 4.30 lakh crore rupees for this fiscal.
The Finance Minister, Mr. Pranab Mukherjee will conducted a pre-budget meeting with the all state Finance Ministers in New Delhi today for today debate th price rise, goods and sevice tax on the budget for the year 2011-12.
An Empowered Group of Ministers (EGoM) on Food, headed by Finance Minister Pranab Mukherjee, has decided to extend the ban on export of pulses for one more year.
Finance Minister Pranab Mukherjee has said that the Reserve Bank’s move to inject 48,000 crore rupees into the system will help ease cash crunch, but will not add to inflationary pressure.
The Finance Minister Mr Pranab Mukherjee has said that the government is committed to improve the efficiency and equity of tax system by eliminating distortions in the tax structure.