anurag singh thakur
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  • Govt garners Rs 9,538 crore from direct tax dispute resolution scheme so far Sep 20, 2020 06:43 PM IST

    Govt garners Rs 9,538 crore from direct tax dispute resolution scheme so far

    Finance Minister Nirmala Sitharaman had proposed the direct tax dispute resolution scheme, which provides opportunity to taxpayers to pay outstanding taxes and get waiver of interest and penalty, in her Union Budget speech on February 1.

  • Impact of corporate tax rate cut to be felt in coming years: Anurag Singh Thakur Sep 14, 2020 07:10 PM IST

    Impact of corporate tax rate cut to be felt in coming years: Anurag Singh Thakur

    This has enabled the corporate tax rates in India to be amongst the lowest in the world, he said, adding "given that investment decisions have a long term perspective, the impact of this landmark reform would be felt in coming years".

  • Banks' NPAs in large industry, services fall 31% in over two years to Rs 4.36 lakh crore Sep 14, 2020 06:28 PM IST

    Banks' NPAs in large industry, services fall 31% in over two years to Rs 4.36 lakh crore

    "As per Reserve Bank of India (RBI) data on domestic operations, NPAs of scheduled commercial banks pertaining to large industry and services have come down to Rs 4,36,492 crore as on June 30, 2020 (provisional) from Rs 6,35,971 crore as on March 31, 2018, registering a decline of 31 percent," Thakur said in a written reply to the Lok Sabha.

  • No proposal for raising Foreign Institutional Investment limit in PSBs to 49%: Anurag Singh Thakur Sep 14, 2020 01:47 PM IST

    No proposal for raising Foreign Institutional Investment limit in PSBs to 49%: Anurag Singh Thakur

    Replying to another question, he said, the government and World Bank have so far signed only one loan of $750 million on May 15, 2020 as budgetary support to the Government for accelerating India’s COVID-19 Social Protection Response Programme in order to support measures undertaken under Pradhan Mantri Garib Kalyan Yojana (PMGKY), the benefits of which have flown to all States/UTs.

  • FDI inflow from China declines to $163.77 million in FY20: Finance Ministry Sep 14, 2020 01:30 PM IST

    FDI inflow from China declines to $163.77 million in FY20: Finance Ministry

    Giving details of the total foreign direct investment (FDI) inflow from Chinese companies in India, Minister of State for Finance Anurag Singh Thakur said, it was $350.22 million in 2017-18, while it declined to $229 million in the following year.

  • Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark Aug 03, 2020 09:51 PM IST

    Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark

    The achievement comes just ahead of the sixth anniversary of PMJDY launch. The scheme was launched on August 28, 2014 with an aim to provide universal access to banking facilities to the people in the country.

  • India Inc should come forward and make investment: MoS Finance Anurag Singh Thakur Jul 10, 2020 04:45 PM IST

    India Inc should come forward and make investment: MoS Finance Anurag Singh Thakur

    Talking about steps taken by the government to promote investment in this difficult time, Thakur said as many as 58 sections of the companies law have been decriminalised while threshold limit of invoking bankruptcy proceedings raised from Rs 1 lakh to Rs 1 crore.

  • Anurag Singh Thakur says Aatmanirbhar Bharat package will have multiplier effect on economy Jul 07, 2020 04:01 PM IST

    Anurag Singh Thakur says Aatmanirbhar Bharat package will have multiplier effect on economy

    Minister of State for Finance Anurag Singh Thakur said India's resilience will help it sail through these testing times and that government led by PM Narendra Modi is doing everything possible for industry to deal with current challenges

  • Govt wants credit flow at lower interest rate: Anurag Singh Thakur Jun 05, 2020 10:25 PM IST

    Govt wants credit flow at lower interest rate: Anurag Singh Thakur

    He was interacting with the MCCI members on a webinar where he heard the concerns of the members about overcoming the COVID-19 induced crisis on the economy and human lives.

  • 6.35 Crore ITRs electronically filed till mid February 2020, up from 6.28 Crore in 2018-19 Mar 02, 2020 07:48 PM IST

    6.35 Crore ITRs electronically filed till mid February 2020, up from 6.28 Crore in 2018-19

    Thakur said 5.18 crore ITRs were e-filed in Assessment Year 2016-17, 5.32 crore in 2017-18, 6.28 crore in 2018-19 and 6.35 crore in 2019-20 (up to February 15, 2020).

  • Govt issues notices in 422 cases involving Rs 12,000 cr under foreign black money law Feb 11, 2020 08:10 PM IST

    Govt issues notices in 422 cases involving Rs 12,000 cr under foreign black money law

    Minister of State for Finance Anurag Singh Thakur said the Income Tax Department has taken continuous and concerted actions under the Black Money (Undisclosed Foreign Income & Assets) and Imposition of Tax Act since it came into force on July 1, 2015.

  • CEOs of six banks under CBI, ED investigation: Govt Feb 11, 2020 07:48 PM IST

    CEOs of six banks under CBI, ED investigation: Govt

    "As per the extant guidelines on Public Interest Disclosure and Protection of Informers Resolution (PIDPI), Central Vigilance Commission (CVC) has been given powers to act on complaints from whistleblowers," Thakur said.

  • Exporters' 634 fraudulent GST refund claims worth Rs 1,912 cr detected Feb 11, 2020 07:40 PM IST

    Exporters' 634 fraudulent GST refund claims worth Rs 1,912 cr detected

    In a written reply to a question in the Rajya Sabha, Minister of State for Finance Anurag Singh Thakur said of this Rs 238.97 crore has been recovered by the Central GST authorities from the entities which claimed the fraudulent refunds.

  • 52,720 Integrated GST refund claims pending for more than one year: Anurag Thakur Dec 10, 2019 10:05 PM IST

    52,720 Integrated GST refund claims pending for more than one year: Anurag Thakur

    A number of companies applied for Goods & Services Tax (GST) refund since the introduction of the tax regime, he said, adding a total of 1,86,158 entities have filed 36,42,272 refund applications, out of which 34,46,010 refund applications have been finalised as on December 2.

  • 'Recent spike in retail inflation mainly on costlier food, govt taking steps to moderate prices' Dec 09, 2019 09:23 PM IST

    'Recent spike in retail inflation mainly on costlier food, govt taking steps to moderate prices'

    Retail inflation spiked to 4.62 per cent in October mainly on account of higher food prices.

  • Public sector banks turn profitable in April-September FY20 Dec 09, 2019 09:08 PM IST

    Public sector banks turn profitable in April-September FY20

    PSBs had posted huge losses in 2017-18 and 2018-19 financial years due to heavy provisioning for non-performing assets and other contingencies, according to the minister.

  • Central GST falls short of budget estimate by 40% in April-November Dec 09, 2019 08:20 PM IST

    Central GST falls short of budget estimate by 40% in April-November

    The actual CGST collection during April-November stood at Rs 3,28,365 crore while the budgeted estimate is of Rs 5,26,000 crore for these months, Minister of State for Finance Anurag Singh Thakur said in a written reply in Lok Sabha.

  • Govt raises Rs 2.79 lakh cr through divestment in last 5 years Dec 03, 2019 05:05 PM IST

    Govt raises Rs 2.79 lakh cr through divestment in last 5 years

    Speaking during the Question Hour in the Rajya Sabha, the Minister of State for Finance said, "In five years, we raised double the amount. This was done in an average 21 transactions each year, while it was four between 2004-2014."

  • Govt taking all steps to strengthen NCLT, NCLAT Dec 02, 2019 04:30 PM IST

    Govt taking all steps to strengthen NCLT, NCLAT

    The government has decided to set up a bench of the National Company Law Appellate Tribunal (NCLAT) at Chennai following a Supreme Court judgement, Thakur added.

  • Over 3.38 lakh cos deregistered in last two financial years: Govt Dec 02, 2019 04:25 PM IST

    Over 3.38 lakh cos deregistered in last two financial years: Govt

    Minister of State for Corporate Affairs Anurag Singh Thakur told the Lok Sabha on December 2 that the ministry through its RoCs (Registrar of Companies) files prosecutions against companies that have not filed financial statements from time to time.

  • PSBs collect Rs 1,996 cr in minimum balance penalty in FY19 Nov 25, 2019 07:22 PM IST

    PSBs collect Rs 1,996 cr in minimum balance penalty in FY19

    In 2017-18, the 18 public sector banks collected Rs 3,368.42 crore by levying minimum balance penalty. This amount was sharply higher than Rs 790.22 crore collected in 2016-17.

  • Homebuyers have filed over 1,800 cases under insolvency law: Govt Nov 18, 2019 10:32 PM IST

    Homebuyers have filed over 1,800 cases under insolvency law: Govt

    Citing the information received from NCLT, Minister of State for Corporate Affairs Anurag Singh Thakur said that a total 1,821 cases have been filed by homebuyers against builders since June 2018 under the Code.

  • No "witch hunt" in future for genuine decisions: Government to banks Sep 11, 2019 05:22 PM IST

    No "witch hunt" in future for genuine decisions: Government to banks

    MoS Finance Anurag Thakur said that banks should treat the Insolvency and Bankruptcy Code as the last resort for resolution of stressed assets and approach the NCLT only when other options have been explored.

  • COAI urges Parl panel to hear out members' views on call drops Nov 07, 2016 04:14 PM IST

    COAI urges Parl panel to hear out members' views on call drops

    Cellular Operators Association of India (COAI) said that many of the issues fall within the ambit of bilateral commercial agreement and are best explained by individual licencees.

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