Thursday, Jan 28, 2021 | Last Update : 03:04 PM IST

Madhusudan Sahoo Page-4

In a move to encourage domestic manufacturing of e-vehicles, the Goods and Services Tax (GST) Council is likely to decide on lowering tax rates for electric vehicles soon.

GST cut on e-vehicles likely

The GST rate for petrol and diesel cars and hybrid vehicles is already at the highest bracket of 28 per cent plus cess.

22 Jul 2019 7:38 AM

Finance Minsitry would soon be issuing new guidelines on appointing the heads.

Government mulls splitting top tier of general insurers

To a question if their tenure will also be similar to those of the banks, the source said, the government is working on this aspect.

16 Jul 2019 1:34 AM

To put things simply, a taxpayer who doesn't have a PAN card can now file the income tax returns.

Budget 2019: Aadhaar, PAN interchangeable for IT returns

The move is aimed at improving tax compliance and ease the process of tax payment for tax payers.

06 Jul 2019 6:27 AM

Finance Minister Nirmala Sitharaman (Photo: ANI)

Budget 2019: Common man hit hard as many items of daily use to get costlier

Sitharaman said exemptions from customs duty on certain electronic items that are now being made in India are being withdrawn.

06 Jul 2019 6:21 AM

Chief economic adviser K. Subramanium and principal economic adviser Sanjiv Sanyal (standing) at the release of Economic Survey in New Delhi on Thursday. (Photo: G.N. Jha)

Survey predicts 7 per cent growth; focus on jobs, investment

Outlining the future roadmap, the Economic Survey was tabled by finance minister Nirmala Sitharaman in the Rajya Sabha on Thursday.

05 Jul 2019 1:20 AM

As per rules, companies have to transfer any unclaimed payment to the IEPF Authority and then investors have to claim the same from the authority.

Rise in investors demanding unclaimed money

The Ministry of Corporate Affairs (MCA) expects to receive 24,000 claims this year against just about 2,000 two years back.

27 Jun 2019 1:41 AM

A total of 1,085 villages and farm boundaries were identified for surveying using UAVs or drones.

Maharashtra to soon use drones to update land records

This exercise that was last held during the British regime.

26 Jun 2019 2:20 AM

A borrower has to repay at least 3 per cent of the principal amount every payer.

SBI’s repo-linked loans to have 33-year tenure

The new product will reportedly have a relatively higher EMI load in the beginning so that the burden comes down with age.

21 Jun 2019 3:16 AM

IFIN, which has been found to be funding its own revenues for several years, was the main source of funds for the IL&FS group entities.

IL&FS brass ignored early warning by whistleblower

The scam at IL&FS hit last year after several group entities defaulted on repayments dues.

10 Jun 2019 4:26 AM

In 2018-19, though the government met the combined GST target, the Centre’s GST mop-up fell short of the target outlined in the Budget.

Government may scale down GST target

Out of the pegged Rs 6.44 lakh crore GST collections, the Centre was looking to collect CGST of Rs 5.04 lakh crore and IGST of Rs 50,000 crore.

08 Jun 2019 1:40 AM

As the probe of IL&FS fraud, committed likely by its in-house top honchos, is taking an aggressive turn, the Ministry of Corporate Affairs-led investigating agency Serious Fraud Investigation Office (SFIO) is mulling interim attachment of all movable and immovable assets of auditors, independent directors and other top officials.

SFIO may attach assets of IL&FS honchos, auditors

The SFIO's first charge-sheet came on IFIN, the first subsidiary of IL&FS, which is proved to be a gateway to this huge fraud.

03 Jun 2019 2:55 AM

The CSO also revealed that GDP growth during 2018-19 fiscal stood at 6.8 per cent, lower than 7.2 per cent in the previous financial year.

At 5.8 per cent, GDP hits 5-year low; job creation also dips

The data came on the day when Nirmala Sitharaman took charge as the new finance minister in the second innings of the Narendra Modi government.

01 Jun 2019 6:27 AM

Five members of the executive committee of the GI Council will be interacting with the four candidates to select the new secretary.

New head for General Insurance Council soon

Interactions were held in Mumbai on May 29 to select the chief of the General Insurance Council, or GI Council.

31 May 2019 2:07 AM

The IAI was formed in 2006, and thereafter it became a statutory body under an Act of Parliament, on the lines of ICAI, ICSI and ICWAI. The IAI conducts exams for actuaries. It also trains actuaries.

Number of actuaries to touch 480 in FY19

The Institute of Actuaries of India (IAI) estimates that the number of qualified actuaries will reach 480 by this fiscal-end, from 439 now.

28 May 2019 1:59 AM

Setting up a national bench of AAAR would help bring certainty in the GST era as divergent rulings by AARs leave the industry flummoxed about the tax implication of a particular business decision. (Photo: PTI)

Centralised bench for advance ruling mulled

Government move comes in the wake of taxpayers facing uncertainty and confusion over various tax dues.

20 May 2019 4:33 AM

The Ministry of Corporate Affairs (MCA) has forwarded complaints against Religare Enterprises about shareholding norm violations to the financial regulators.

MCA refers Religare case to regulators, mulls action

Having shared the case with the Securities and Exchange Board of India and the Reserve Bank of India.

14 May 2019 2:24 AM

After the selection of Member (Non-life), the Insurance Regulatory and Development Authority of India (IRDAI) is all set to appoint the Member (Life) soon.

Two in race for key Irdai post

According to a Finance Ministry source, eight candidates appeared for the interview for the post.

10 May 2019 4:21 AM

The non-subsidised LPG rates have been increased by Rs 6 per cylinder in key metros. (Photo: PTI)

Subsidised LPG price goes up by Rs 82 in last 5 years

A cylinder of non-subsidised LPG now costs Rs 712.50. This is the third straight increase in LPG rate.

02 May 2019 1:22 AM

The lender reported a net profit of Rs 3,955 crore for the December quarter against a loss of Rs 2,416.34 crore in the year-ago quarter.

State Bank gets 8 new DMDs and 21 CGMs

Chadha was learnt to have posted earlier in London and has taken charge at SBI Caps more than a month ago.

30 Apr 2019 1:34 AM

Deloitte officials were unavailable to comment on this matter.

IL&FS: Deloitte ex-CEO under SFIO scanner

The CEO and co-officials are being questioned for alleged audit lapses in the books of the infrastructure giant.

26 Apr 2019 6:36 AM

4 of 6

Columns

Dilip Cherian