GST, note ban brought 1.8 mn more people into I-T net: India

GST, note ban brought 1.8 mn more people into I-T net: India India has informed the UN that the Goods and Services Tax reform implemented by it, coupled with the demonetisation of high-value currency notes, has brought 1.8 million more people into the income-tax net.Additional Secretary in the Ministry of External Affairs A Gitesh Sarma, […]

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GST collection in first 9 months of its roll out at Rs 7.41 trillion

GST collection in first 9 months of its roll out at Rs 7.41 trillion Goods and services tax (GST) collection in the first nine months of its roll out during 2017-18 stood at Rs 7.41 trillion, even as average monthly collection turned out lower than initial targets of the government. The monthly average was Rs […]

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9 shortlisted for RBI deputy governor’s post; interview on May 10

9 shortlisted for RBI deputy governor’s post; interview on May 10 A search panel headed by the Cabinet Secretary is scheduled to interview candidates on May 10 to find a successor to RBI Deputy Governor S S Mundra, who completed his three-year term in July last year.Out of about 40 applications received, the Financial Sector […]

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Govt appoints Officers for conducting Search and Seizure under Fugitive Economic Offenders Ordinance

Govt appoints Officers for conducting Search and Seizure under Fugitive Economic Offenders Ordinance The Ministry of Finance, on Tuesday, appointed officers to carry out search and seizure under the newly pronounced Fugitive Economi Offenders Ordinance. As per a Notification issued by the Government on 24th April, officers not below the rank of Assistant Directors in […]

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EPFO interest rate for 2017-18 at 5-yr-low of 8.55%; FinMin clears proposal

EPFO interest rate for 2017-18 at 5-yr-low of 8.55%; FinMin clears proposal With rates of all small savings schemes, including the Public Provident Fund, going down in the past year, EPFO’s return of 8.55 per cent is still the best rate The finance ministry on Thursday approved for 2017-18 an interest rate of 8.55 per […]

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