May 10, 2016 at 07:30 | Source: PTI
In the Budget for 2016-17, Finance Minister Arun Jaitley had proposed to levy a basic customs duty of 10 percent on charger or adaptor, battery, wired headsets for use in manufacture of mobile handsets including cellular phones.
May 09, 2016 at 16:58 | Source: PTI
In India, the disbursal of 7th Pay Commission hikes to central government employees, softer lending rates and lower oil prices are expected to support discretionary spending.
Apr 25, 2016 at 16:36 | Source: PTI
The Central government has projected in the budget estimates for 2016-17 an increase of about 2.18 lakh in the existing workforce of 33.05 lakh, as in 2015, by 2017.
Apr 18, 2016 at 08:00 | Source: PTI
According to the study by Japanese brokerage Nomura, which was based on the 2016-17 Budgets of 16 states, this comes on top the sharp 22 percent rise in borrowings in the previous fiscal despite an increase in central transfers.
Apr 08, 2016 at 08:50 | Source: PTI
Referring to the Goods and Services Tax (GST), the report said that despite several reform measures, goods and services continue to be bogged down with several indirect taxes at different stages of the value chain with significant tax cascading.
Apr 05, 2016 at 08:16 | Source: Reuters
Bad loans at Indian banks jumped by nearly a third to around 4 trillion rupees (USD 60.3 billion) late last year as the central bank drives a national clean-up of banks' balance sheets.
Mar 29, 2016 at 21:48 | Source: PTI
In a rare development, the Budget session of Parliament was tonight prorogued to enable the government to issue an Ordinance for authorising expenditure beyond April one in the centrally-ruled Uttarakhand in view of the political crisis in the state.
Mar 23, 2016 at 13:17 | Source: Moneycontrol.com
Indian residents are subject to income tax in India on their worldwide income, whereas non-residents are taxed only on income sourced in India. Certain types of income are deemed to accrue or arise in India under prescribed circumstances.
Mar 17, 2016 at 09:40 | Source: PTI
"Various fees and cess related to mining have been reduced considerably. This reduction, coupled with Export duty exemption (on ore) announced by the Central government will help in resuming mining activity in the state," Goa Chamber of Commerce and Industry president Narayan Bandekar said.
Mar 14, 2016 at 08:52 | Source: Reuters
Analysts say Raghuram Rajan, Governor of the Reserve Bank of India, could soften monetary stance after Finance Minister Arun Jaitley stuck to a fiscal deficit target of 3.5 percent of GDP for next fiscal year in his third Budget last month.