Nov 20, 2015 at 17:43 | Source: PTI
The recommendations that will benefit 47 lakh central government employees and 52 lakh pensioners, will lead to an additional outgo of Rs 73,650 crore from the Union Budget and Rs 28,450 crore from Railway Budget.
Nov 20, 2015 at 15:58 | Source: PTI
Considering the rise in wage expenditure by 0.5 percent of GDP next fiscal and a likely reduction in corporate tax rate, the central government's target to reduce fiscal deficit from 3.9 percent of GDP this fiscal year to 3.5 percent in 2016-17 becomes even more challenging.
Nov 09, 2015 at 22:14 | Source: PTI
With this, the Finance Ministry said, it has met 59.2 percent of indirect tax target for the full fiscal. As per the Budget Estimate 2015-16, the government aims to collect Rs 6.46 crore from indirect taxes -- central excise, Customs and service tax.
Oct 26, 2015 at 18:42 | Source: PTI
Through eSahyog, he will launch the paperless initiative of the Central Board of Direct Taxes (CBDT) under which notices to assesses would be sent to their emails.
Oct 10, 2015 at 13:01 | Source: PTI
The indirect taxes, central excise, Customs and service tax collection during April-September of the last financial year was Rs 2.38 lakh crore.
Oct 05, 2015 at 17:48 | Source: CNBC-TV18
The government is now looking at asking the states to take over 100 percent of discoms' debt.
Sep 07, 2015 at 08:00 | Source: CNBC
Finance Minister Lou Jiwei said that central government spending will rise 10 percent this year, more than the 7 percent growth budgeted at the start of the year, according to a statement late Saturday on the People's Bank of China website. China will raise dividend payments from designated state-owned enterprises to make up for any shortfalls.
Aug 11, 2015 at 08:34 | Source: CNBC
The Greek official told Reuters that the budget agreement targeted a primary deficit of 0.25 percent of gross domestic product in 2015, improving to a 0.5 percent surplus in 2016, a 1.75 percent surplus in 2017 and a 3.15 percent surplus in 2018.
Jul 02, 2015 at 18:50 | Source: PTI
The government and the central bank are in discussions over recapitalisation of state-owned banks, Reserve Bank Governor Raghuram Rajan said.
Jun 17, 2015 at 13:42 | Source: PTI
The standards adopted by the Reserve Bank with regard to risk-based capital requirements are 'compliant' with minimum Basel capital standards, the central bank said on Wednesday.