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The policy aims to achieve USD 300 billion (over Rs 20 lakh crore) worth of textile exports by 2024-25 and create an additional 35 million jobs.

Textile industry cheers lowering of GST rate on job work

Five per cent GST rate on job works would enable the industry to claim full input credit.

7 Aug 2017 7:21 PM IST

Indian Parliament. (Photo: PTI)

LS: Bill to tax deposits after note ban passed without debate

Those who disclose black money to banks will have to pay 50 per cent tax, including surcharge and penalty.

29 Nov 2016 4:58 PM IST

Finance Minister Arun Jaitley. (Photo: PTI)

FM invites CMs to suggest ways to ease note ban hardships

Andhra Pradesh Chief Minister Chandrababu Naidu will head a committee of Chief Ministers.

29 Nov 2016 11:30 AM IST

Finance Minister Arun Jaitley in the Rajya Sabha in New Delhi. (Photo: PTI)

New tax evasion amnesty scheme for black money

Pay 50% tax on unaccounted cash, if caught it will be 85%.

29 Nov 2016 1:53 AM IST

Finance Minister Arun Jaitley addressing a press conference in New Delhi. (Photo: PTI)

Up to 85% penalty on undisclosed income

Further, the declarants have to deposit 25 per cent of the undisclosed income in a scheme to be notified by the...

28 Nov 2016 4:06 PM IST

Finance Minister Arun Jaitley. (Photo: PTI)

Arun Jaitley introduces Income Tax Amendment Bill in LS to fight tax...

The Income Tax Amendment bill proposes a 30% tax on undisclosed income, plus 10% penalty as also a 33% surcharge.

28 Nov 2016 2:12 PM IST

Former PM Manmohan Singh speaks in the Rajya Sabha in New Delhi. (Photo: PTI)

Manmohan's concerns: Will govt give answers?

Manmohan Singh described demonetisation as organised loot and legalised plunder (by the government).

26 Nov 2016 12:18 AM IST

Finance Minister Arun Jaitley. (Photo: PTI)

Govt pushing for cashless economy, digital money the way forward:...

Cashless society would mean less investment in handling cash, transparency in payments and check on fake currency, he...

25 Nov 2016 3:20 PM IST

Prime Minister Narendra Modi and finance minister Arun Jaitley during the debate on demonetisation in the Rajya Sabha. (Photo: PTI)

Black money boomed on Manmohan's watch, says FM

Demonetisation will have positive impact on the economy as money from the shadow economy will find its way into the...

25 Nov 2016 5:04 AM IST

Finance Minister Arun Jaitley

Physical currency must shrink: Arun Jaitley

FinMin said that as the rush at bank branches is now reducing, banks will restart normal lending activities and in...

25 Nov 2016 12:41 AM IST

Samajwadi Party leader Naresh Agarwal (Photo: PTI)

SP MP tears into government, but makes PM, Arun Jaitley laugh

On a more serious note, Mr Agrawal dubbed the situation a second emergency .

25 Nov 2016 1:49 AM IST

Sugar is distributed on subsidised rate through fair price shops.

Centre may scrap Rs 4,500 crore PDS sugar subsidy in Budget

At present, the scheme has a target of 40 crore beneficiaries of families under below poverty line category.

26 Jan 2017 10:42 AM IST