Finance minister

The decision to align RBI’s financial year with government’s fiscal year is in sync with recommendations of the Bimal Jalan Committee report, two officials with direct knowledge of the matter said. read more

In the Budget 2020-21, the government has raised the farm loan disbursal target by 11 per cent to Rs 15 lakh crore for the next fiscal and allocated Rs 1.6 lakh crore to implement various plans in agriculture and related sectors as it chases the goal of doubling farmers income by 2022. read more

Sitharaman made the comments during an interactive session titled ‘Budget and Beyond’ with professionals from asset management, wealth advisory, tax consultancy and other related industries at NITI Aayog. read more

The court had on January 31 “revived” the Aircel-Maxis cases filed by the CBI and the ED against former Union minister P Chidambaram and his son Karti that were earlier adjourned ‘sine die’. read more

Rishi Sunak, Infosys founder Narayana Murthy’s son-in-law, has been appointed Britain’s new finance minister. His appointment came after Sajid Javid’s resignation as Chancellor of Exchequer. read more

The former finance minister delivered a scathing monologue on the condition of Indian economy and said, “You will not go to Manmohan Singh and ask him. What is the purpose of standing around the patient and chanting ‘Sabka Saath, Sabka Vikas, Sabka ... read more

Currently, petroleum products attract central excise duty and value added tax (VAT) levied by states. read more

India should not shy away from being held accountable under international law for its sovereign actions read more

The purpose of the proposal is to offer an option of a simplified system, particularly to those who are not availing many exemptions, revenue secretary Ajay Bhushan Pandey said in an interview with Hindustan Times. read more

After the Budget on Saturday there was confusion about the tax liability of Non-Resident Indians (NRIs) on their global income. read more

The government’s push to reduce the consumption of fossil fuels is welcome read more

The Finance Minister has promised in the budget speech that the New Education Policy will be announced soon. read more

Under the proposed “Vivad Se Vishwas” scheme, a taxpayer would be required to pay only the amount of the disputed taxes and will get complete waiver of interest and penalty provided he pays by 31st March, 2020. read more

Besides being in the highest GST slab of 28 per cent, cigarettes attract higher compensation cess under the new indirect tax regime. read more

In her budget speech, Nirmala Sitharaman proposed that the government will also sell its stake in IDBI Bank to private investors and amend the Banking Regulation Act to strengthen cooperative banks. read more