Page 64 - Finance Ministry

India can be great place for a country wanting import alternative: Gadkari

The Minister said China's 70 per cent of exports pertained to ten sectors and asked industry players to research on various sectors

Faceless tax scrutiny will ease compliance burden, increase fairness: FM

In a series of tweets, the Finance Ministry said the I-T department has taken up several reforms to make tax compliance easier for taxpayers

PM Modi announces charter for 'fair, courteous' tax collection

"With faceless assessment, the taxpayer is assured of fair, courteous and rational behavior. Taxpayers charter is also a big step in the country's development journey," PM said

Once bitten, twice shy: Why states doubt centre will share taxes fairly

States are understandably wary even after getting half the Centre's gross tax revenue in the first quarter of 2020-21

Throwback to SEZ era: Real estate sector makes room for data centres

The central government ministries, too, are getting into the act on behalf of the sector.

Top Headlines: RBI puts rates on hold, FB lists India plan, and more

From RBI policy review, Facebook planning further expansion to Voda Idea reporting Q1 loss, here are the top news on Friday morning

FinMin unlikely to take Covid-hit FY21 as a base for FY22 Budget

FY20 is being considered for a 'more realistic comparison'

PLI scheme to be expanded to furniture, leather sectors as MEIS wounds up

The new scheme would replace the existing Merchandise Exports India Scheme (MEIS), introduced in April 2015

ITR scrutiny fell to 0.25% in AY 2018-19 to enable better services: FinMin

State-wise data also the number of returns filed during AY 2018-19 has gone up compared to AY 2017-18.

Economic recovery fragile due to Covid-19, states' lockdowns: FinMin

India is well on the path to a recovery from a trough in April, says Ministry report

Banks sanction Rs 1.38 trn loans to MSMEs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May

With eye on China, India looks to increase barriers on imports from Asia

China is India's second-biggest trading partner, with trade worth $87 billion in the fiscal year ending March 2019

Centre looking to offload its stake in IDBI Bank in FY21: Govt official

The government, a promoter, holds around 46.5 per cent stake in IDBI Bank, while LIC owns 51 per cent

July GST collection tumbles 14% to Rs 87,422 cr as Covid-19 hits economy

The July collections, which is 84 per cent of last year's numbers, is however, a recovery from the months of April and May

The joker in the pack

Government's fiscal headroom is crucially linked to a realistic assessment of its net revenue collection

Call GST Council meet

Problem of states' dues needs co-operative settlement

No decision taken to reintroduce the FRDI Bill, says Finance Ministry

The government had withdrawn the FRDI Bill in August 2018 for further comprehensive examination and reconsideration of the subject

Fraudulent IGST refunds: Exporters to face stern action, say reports

Exporters are identified as 'risky' on the basis of specific risk indicators based on customs, GST, income tax and data from the Directorate General of Foreign Trade

Banks, businesses debate decriminalising dishonouring of cheques

The government wants to change the law, more so in recent months as part of reforms helping business

Banks sanction Rs 1.3 trn loans to MSMEs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May