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No plan to impose any tax on agricultural income: Minister

No plan to impose any tax on agricultural income: Minister

Finance Minister Arun Jaitley on Wednesday said the government does not plan to impose any tax on agricultural income, dismissing the suggestion of NITI Aayog member Bibek Debroy. “I categorically…

Govt aims record foodgrain production at 273 MT in 2017-18

Govt aims record foodgrain production at 273 MT in 2017-18

The government is aiming to achieve an all-time high 273 million tonnes of foodgrain production in the 2017-18 crop year beginning July, anticipating good monsoon. Foodgrain production is estimated to…

India’s growth to accelerate further due to GST: Minister

India’s growth to accelerate further due to GST: Minister

India continues to be the fastest growing major economy in the world and its growth will accelerate further due to factors like implementation of GST, Finance Minister Arun Jaitley said.…

FinMin ratifies 8.65% rate on EPF: Minister

FinMin ratifies 8.65% rate on EPF: Minister

Labour Minister Bandaru Dattatreya said that the Finance Ministry has approved 8.65 per cent interest rate on EPF for 2016-17. The ratification of the 8.65 per cent on EPF will…

Inflation cools to 5.7% in March even as food prices heat up

Inflation cools to 5.7% in March even as food prices heat up

Inflation at the wholesale level eased to 5.7 per cent in March on declining fuel prices and appreciating rupee even as food prices hardened. Based on the Wholesale Price Index…

President gives nod to four supporting legislations on GST

President gives nod to four supporting legislations on GST

President Pranab Mukherjee has given his approval to four supporting legislations related to Goods and Services Tax (GST), paving the way for the roll out of one-nation-one-tax regime from July…

Former PM Manmohan Singh hails GST passage

Former PM Manmohan Singh hails GST passage

Former Prime Minister Manmohan Singh hailed the passage of GST bills by Parliament and sought to play down the fact that it could not happen during his tenure, saying “let…

RBI keeps repo rate unchanged at 6.25%

RBI keeps repo rate unchanged at 6.25%

The Reserve Bank of India kept its repo rate unchanged at 6.25 percent for a third consecutive policy meeting on Thursday as it continues to guard against any potential flare-up…

GST: Tax evasion over Rs 5 cr a non-bailable offence

GST: Tax evasion over Rs 5 cr a non-bailable offence

Tax evasion of over Rs 5 crore under the GST regime would be non-bailable offence with the police having authority to make an arrest without a warrant. The Central GST…

Lok Sabha passes GST supplementary bills

Lok Sabha passes GST supplementary bills

The historic Goods and Services Tax (GST) regime came a step closer on Wednesday to meet its July 1 target of rollout, with the Lok Sabha approving four supplementary legislations.…