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  • Govt gains over Rs 30,000cr under Sabka Vishwas, extends scheme to recover Rs 2.9 lakh crore pending dues Jan 02, 2020 01:27 PM IST

    Govt gains over Rs 30,000cr under Sabka Vishwas, extends scheme to recover Rs 2.9 lakh crore pending dues

    The disputed amount for 1.83 lakh cases was Rs 3.6 lakh crore in September 2019, thus the amount involved in still-unresolved disputes is a staggering Rs 2.9 lakh crore.

  • Budget 2018: Experts brainstorm on what to expect in terms of expenditure, revenues Jan 23, 2018 06:47 PM IST

    Budget 2018: Experts brainstorm on what to expect in terms of expenditure, revenues

    The Budget plays and important role because it guides on what government expenditure, said Ridham Desai MD, Morgan Stanley India.

  • Jaitley rubbishes critics, says note ban effect not adverse Dec 29, 2016 05:28 PM IST

    Jaitley rubbishes critics, says note ban effect not adverse

    Rubbishing critics, Finance Minister Arun Jaitley today said the effects of demonetisation were not as adverse as was predicted and asserted that there has been a sharp jump in tax collections and economic activity including in winter crop sowing.

  • Ban on Rs 500, 1000 notes will formalise shadow economy: BofAML Nov 09, 2016 10:00 AM IST

    Ban on Rs 500, 1000 notes will formalise shadow economy: BofAML

    The government's to ban on Rs 500 and Rs 1000 currency will have a negative impact on consumption in the country, says Sanjay Mookim, Director, India Equity strategy, Bank of America Merrill Lynch.

  • Budget 2016: Rising indirect tax collections give scope for income tax sops Feb 25, 2016 06:39 PM IST

    Budget 2016: Rising indirect tax collections give scope for income tax sops

    Increasing the tax exemption limit to Rs 3 lakh from Rs 2.5 lakh in the union budget would add Rs 5,000-15,000 in the assessee‘s kitty.

  • Jaitley restates 7.5% GDP aim amid global challenge at FSDC meet Jan 13, 2016 06:46 PM IST

    Jaitley restates 7.5% GDP aim amid global challenge at FSDC meet

    The Finance Minister took stock of the economy with all the financial regulators, reiterating the government's growth target of around 7.5 percent, while acknowledging the fact that the global situation remains challenging.

  • Indirect tax collection growth shows economy improving: CEA Aug 12, 2015 11:57 AM IST

    Indirect tax collection growth shows economy improving: CEA

    "These collections indicate that the underlying momentum in the economy continues to improve across all sectors," Chief Economic Advisor Arvind Subramanian told reporters here.

  • India's deficit test: Doable, after all Jan 08, 2015 08:26 AM IST

    India's deficit test: Doable, after all

    Asia's third-biggest economy recorded a USD 83 billion fiscal deficit, or 99 percent of its full-year target, during the first eight months of financial year 2014-2015 that began in April, data showed last week.

  • FinMin likley to cut expenditure by 19% Dec 17, 2013 08:20 PM IST

    FinMin likley to cut expenditure by 19%

    In September itself CNBC-TV18 had reported that there would have to be massive cuts in planned expenditure. However, the magnitude of the cut is likely to be 20 percent of the planned expenditure at Rs 1.1 lakh crore.

  • Direct tax collections take a hit on eco slowdown Oct 10, 2013 10:50 PM IST

    Direct tax collections take a hit on eco slowdown

    The government is struggling to meet a 4.8 percent fiscal deficit target. The shortfall will only mean that more expenditure cuts. The disinvestment target is also far from being met and subsidies are likely to overshoot significantly.

  • Classroom: Why is Fiscal Deficit important for SMEs Jan 21, 2013 01:50 PM IST

    Classroom: Why is Fiscal Deficit important for SMEs

    Along with important announcements for small and medium enterprises (SMEs), the annual budget also provides numbers on the Indian economy that can impact SMEs.

  • Budget Expectations: Subsidies, fiscal deficit play spoilsport for govt Mar 10, 2012 03:50 PM IST

    Budget Expectations: Subsidies, fiscal deficit play spoilsport for govt

    Reining in the fisc is part of Budget 2012 special series. From the RBI to global investors among others, the government’s fiscal indulgence has had everyone worried. After failing on this count this year, can the finance ministry overcome politics to regain a sense of fiscal credibility?

  • Govt may infuse equity into PSU banks: Fin Min sources Oct 07, 2011 12:15 PM IST

    Govt may infuse equity into PSU banks: Fin Min sources

    India is grappling with slowdown in the economy and bleeding market. This, however, may not increase fiscal deficit of India. According to finance ministry sources, FY12 fiscal deficit may rise marginally at 4.8% compared to a target of 4.6%, reports CNBC-TV18.

  • India's top 100 cos advance tax collections at Rs 31707cr Sep 21, 2011 04:10 PM IST

    India's top 100 cos advance tax collections at Rs 31707cr

    Advance tax payments from India's top 100 companies have risen 9.9% on year at 317.07 billion rupees in the July-September quarter from the year ago period, a finance ministry official told reporters on Wednesday.

  • No urgency for SBI's rights issue currently: Govt sources Aug 17, 2011 06:00 PM IST

    No urgency for SBI's rights issue currently: Govt sources

    The SBI rights issue has been the talk of the season in the banking space over the past month. While it’s still not clear if the rights issue will happen at all, the public sector bank is in for a jolt. Sources at the finance ministry have revealed that the government might not subscribe to SBI's planned rights issue, reports CNBC-TV18.

  • Tax refunds pull down net direct tax collection by 8% Aug 12, 2011 07:41 PM IST

    Tax refunds pull down net direct tax collection by 8%

    Hefty refunds pulled down net direct tax collections by 8.14% to Rs 78,679 crore during the April-July period of this fiscal. Net direct tax collections stood at Rs 85,647 crore in the year-ago period.

  • Govt will achieve tax collection targets: CBDT Jul 28, 2011 02:56 PM IST

    Govt will achieve tax collection targets: CBDT

    Allaying fears of sluggish economic growth impacting tax collections, Central Board of Direct Taxes (CBDT) Chairman Prakash Chandra today exuded confidence that revenue targets for 2011-12 will be achieved.

  • Cash conditions in banking system may improve by March-end Feb 08, 2011 01:05 PM IST

    Cash conditions in banking system may improve by March-end

    Cash conditions in the Indian banking system may improve substantially by the end of March as the government is unlikely to hold back on budgeted spending as the fiscal year nears its end, policymakers said.

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