Arun Jaitley Tax Target
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State GST Collection Showing Improvement Over Last Year: Arun Jaitley
Expressing satisfaction with GST collection trends, the government on Friday said the states were on the path of meeting their revenue targets by themselves, thereby not needing compensation from the Centre after the five-year period of its implementation.
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PM Happy With Economy, Says Finance Minister Arun Jaitley After Meeting
The government will stick to the fiscal deficit target of 3.3 per cent this fiscal as it expects buoyant tax revenues and exceeding disinvestment target, Finance Minister Arun Jaitley said on Saturday.
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As Empty ATMs Reported, RBI Says Shortage Due To Logistical Reasons: 10 Points
In response to reports that ATMs in several states are running dry, Finance Minister Arun Jaitley today conceded a "temporary shortage in some areas" and said it was being "tackled quickly". The Reserve Bank of India said the shortage may be felt in some pockets due to logistical issues and clarified that there is sufficient cash in RBI vaults. Com...
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Day After Budget, Sensex Suffers Biggest Selloff Since November 2016: 10 Points
Sensex and Nifty suffered a big selloff today, a day after Finance Minister Arun Jaitley unveiled Union Budget 2018-19. A higher-than-expected fiscal deficit target for 2018-19 and imposition of new long-term capital gains tax on equities hurt the market sentiment, say experts. The BSE benchmark index Sensex closed 839 points lower at 35,066, while...
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In Budget 2018, Health Care For 10 Crore Families, Farmers Gain Too: 10 Facts
As Finance Minister Arun Jaitley rolled out a Budget focused on farmers and the rural poor today, while boosting jobs and private investment, he has pegged the fiscal deficit target for next year at 3.3 per cent, higher than the earlier 3 per cent goal. Presenting the government's last full-year budget before the 2019 general elections and ahead of...
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Income Tax Sops For Middle Class, Rural Focus Likely In Budget 2018: 10 Points
Expectations are high that the government will announce some income tax sops for the middle class in Budget 2018, the last full-year Budget before general elections due next year. With eight state elections also due this year, the government is also expected to focus on the farm sector and small businesses. This will also be the first Budget after ...
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Congress Running Strange Campaign By Mocking Development: Arun Jaitley
Union Finance Minister Arun Jaitley today accused the Congress of running a strange campaign in Gujarat by mocking development and spreading the "poison of casteism". Mr Jaitley also targetted Rahul Gandhi over his recent remarks on the Goods and Services Tax, saying he firmly believes that the Congress vice-president has no knowledge of the subjec...
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Goods And Services Tax To Help Push Growth Above 8%, Says IMF: 10 Points
The Goods and Services Tax regime that the government targets to roll out from 1 July could help push India's growth rate to above the eight per cent-mark in the medium term, the International Monetary Fund has said, painting a bright outlook for the Indian economy. Tao Zhang, the IMF's Deputy Managing Director believes India has made significant p...
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Cabinet May Tomorrow Consider GST Supplementary Legislations
The Cabinet may tomorrow take up for approval the supporting GST legislations, which will then be introduced in Parliament as the government sprints to meet the July 1 target date for rollout of the new indirect tax regime.
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GST Council Meet Inconclusive; April 1 Target Seems Undoable
The Goods and Services Tax (GST) Council - headed by union Finance Minister Arun Jaitley and which has as members finance ministers of all states - met for four hours on Sunday, but failed to sort out the contentious issue of dual control of assessees. With only three working days left in the current winter session of parliament, the government's m...
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As Government Chases Tough Target For GST, Action Moves To States
Nine BJP states, four states where the party shares power with allies and two avowals of support. The Modi government has done its math when it says it is aiming to have GST approved by at least 15 states in the next 30 days.
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Government Working To Roll Out GST From April 1, 2017
Setting a target of April 1, 2017 for rollout of the Goods and Services Tax, the government today unveiled a detailed roadmap for its implementation and said it is aiming for an "optimal" rate of taxation though the final decision will be taken by the GST Council.
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Macros Improving, Subsidy Reforms to Continue: Finance Minister Arun Jaitley
Government today said it is committed to pursuing subsidy reforms by efficient targeting of subsidies to the poor and needy while saving the 'scarce financial resources' for infrastructure and development needs.
-
State GST Collection Showing Improvement Over Last Year: Arun Jaitley
Expressing satisfaction with GST collection trends, the government on Friday said the states were on the path of meeting their revenue targets by themselves, thereby not needing compensation from the Centre after the five-year period of its implementation.
-
PM Happy With Economy, Says Finance Minister Arun Jaitley After Meeting
The government will stick to the fiscal deficit target of 3.3 per cent this fiscal as it expects buoyant tax revenues and exceeding disinvestment target, Finance Minister Arun Jaitley said on Saturday.
-
As Empty ATMs Reported, RBI Says Shortage Due To Logistical Reasons: 10 Points
In response to reports that ATMs in several states are running dry, Finance Minister Arun Jaitley today conceded a "temporary shortage in some areas" and said it was being "tackled quickly". The Reserve Bank of India said the shortage may be felt in some pockets due to logistical issues and clarified that there is sufficient cash in RBI vaults. Com...
-
Day After Budget, Sensex Suffers Biggest Selloff Since November 2016: 10 Points
Sensex and Nifty suffered a big selloff today, a day after Finance Minister Arun Jaitley unveiled Union Budget 2018-19. A higher-than-expected fiscal deficit target for 2018-19 and imposition of new long-term capital gains tax on equities hurt the market sentiment, say experts. The BSE benchmark index Sensex closed 839 points lower at 35,066, while...
-
In Budget 2018, Health Care For 10 Crore Families, Farmers Gain Too: 10 Facts
As Finance Minister Arun Jaitley rolled out a Budget focused on farmers and the rural poor today, while boosting jobs and private investment, he has pegged the fiscal deficit target for next year at 3.3 per cent, higher than the earlier 3 per cent goal. Presenting the government's last full-year budget before the 2019 general elections and ahead of...
-
Income Tax Sops For Middle Class, Rural Focus Likely In Budget 2018: 10 Points
Expectations are high that the government will announce some income tax sops for the middle class in Budget 2018, the last full-year Budget before general elections due next year. With eight state elections also due this year, the government is also expected to focus on the farm sector and small businesses. This will also be the first Budget after ...
-
Congress Running Strange Campaign By Mocking Development: Arun Jaitley
Union Finance Minister Arun Jaitley today accused the Congress of running a strange campaign in Gujarat by mocking development and spreading the "poison of casteism". Mr Jaitley also targetted Rahul Gandhi over his recent remarks on the Goods and Services Tax, saying he firmly believes that the Congress vice-president has no knowledge of the subjec...
-
Goods And Services Tax To Help Push Growth Above 8%, Says IMF: 10 Points
The Goods and Services Tax regime that the government targets to roll out from 1 July could help push India's growth rate to above the eight per cent-mark in the medium term, the International Monetary Fund has said, painting a bright outlook for the Indian economy. Tao Zhang, the IMF's Deputy Managing Director believes India has made significant p...
-
Cabinet May Tomorrow Consider GST Supplementary Legislations
The Cabinet may tomorrow take up for approval the supporting GST legislations, which will then be introduced in Parliament as the government sprints to meet the July 1 target date for rollout of the new indirect tax regime.
-
GST Council Meet Inconclusive; April 1 Target Seems Undoable
The Goods and Services Tax (GST) Council - headed by union Finance Minister Arun Jaitley and which has as members finance ministers of all states - met for four hours on Sunday, but failed to sort out the contentious issue of dual control of assessees. With only three working days left in the current winter session of parliament, the government's m...
-
As Government Chases Tough Target For GST, Action Moves To States
Nine BJP states, four states where the party shares power with allies and two avowals of support. The Modi government has done its math when it says it is aiming to have GST approved by at least 15 states in the next 30 days.
-
Government Working To Roll Out GST From April 1, 2017
Setting a target of April 1, 2017 for rollout of the Goods and Services Tax, the government today unveiled a detailed roadmap for its implementation and said it is aiming for an "optimal" rate of taxation though the final decision will be taken by the GST Council.
-
Macros Improving, Subsidy Reforms to Continue: Finance Minister Arun Jaitley
Government today said it is committed to pursuing subsidy reforms by efficient targeting of subsidies to the poor and needy while saving the 'scarce financial resources' for infrastructure and development needs.
