Jun 17, 2016 at 11:29 | Source: Reuters
IMF Managing Director Christine Lagarde said however, the central pool of money for the benefit of the euro zone could only be made available to countries that respect the EU's budget rules laid out in the Stability and Growth Pact (SGP).
May 30, 2016 at 11:33 | Source: CNBC-TV18
The panel appointed by the central government to review the 12-year-old Fiscal Responsibility and Budget Management (FRBM) Act will likely go into the subject of central as well as state finances, its Chairman NK Singh says.
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.