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Heavy GST penalties on co executives face legal scrutiny
NEW DELHI: The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued thousands of notices to various companies, as well as their directors and promoters, regarding the wrongful availment of input tax credit (ITC),…
Tax department made Rs 1.57 lakh crore refunds so far, says official
New Delhi: The Income Tax Department of the Ministry of Finance has processed refunds worth Rs 1.57 lakh crore so far, according to a top Government official. According to him, tax refunds are being processed in batches based on the order…
FM to issue circular on GST Amnesty Scheme in October or November
NEW DELHI: The Ministry of Finance will soon issue a circular regarding the much-anticipated goods and services tax (GST) Amnesty Scheme, which was recently proposed in the Budget 2024, as per sources.
The scheme aims to provide relief…
GST Council likely to take up Infosys case on September 9
New Delhi: The government is trying its best to address the issue of goods and services tax (GST) under the reverse charge mechanism for import of services in the upcoming GST Council meet to be held on September 9, sources privy to the…
Piyush Goyal attacks Amazon over predatory pricing
NEW DELHI: Minister of Commerce and Industry Piyush Goyal on Wednesday made no bones about his ‘disapproval’ of the predatory pricing practices adopted by US e-tailer Amazon.
Speaking at an event in New Delhi on the impact of e-commerce…
Centre finishes Digital Personal Data Protection Act draft rules, public consultation soon.
NEW DELHI: The government has finalised the rules for the Digital Personal Data Protection (DPDP) Act and will release them soon for public consultation, said Electronic and Information Technology Minister Ashwini Vaishnaw on Monday.
The…
FM calls for reforms in multilateral development banks at Global South Summit
NEW DELHI: Finance minister Nirmala Sithraman has called for views on actions needed to reform multilateral development banks (MDBs), and how the global south can collaborate better to raise the issue of debt distress faced by the low…
Manoj Govil appointed as expenditure secretary
NEW DELHI: In a major bureaucratic reshuffle, the government has changed several secretaries in the Ministry of Finance and Ministry of Commerce.
The government has also appointed Manoj Govil, currently secretary in the Ministry of…
आर.ई.सी. लिमिटेड, गुरुग्राम में विद्युत मंत्रालय एवं इसके नियंत्रणाधीन कार्यालयों का अखिल भारतीय…
गुरुग्राम: भारत सरकार के विद्युत मंत्रालय के तत्त्वावधान में शनिवार, अगस्त 03 को विद्युत मंत्रालय तथा इसके नियंत्रणाधीन कार्यालयों के राजभाषा अधिकारियों के अखिल भारतीय राजभाषा सम्मेलन का आयोजन किया गया। भारत सरकार के सूचना एवम्…
Govt’s stand on Chinese investment unchanged- Piyush Goyal
NEW DELHI: Commerce Minister Piyush Goyal on Tuesday said there has been no rethink on the government's stand on allowing Chinese investment and the views expressed in the Economic Survey do not represent the government's views.
Replying…
India marks 1.4 lakh registered startups
NEW DELHI: The number of startups in India has increased to more than 1.4 lakh, highlighted Union Minister of State for Commerce and Industry, Jitin Prasada, in Rajya Sabha.
According to a written response by the minister in the house on…
Centre targets $500 billion electronics manufacturing by 2030
New Delhi: The government has set a target of reaching $500 billion worth of electronics production in the country by 2030. According to a report published by Niti Aayog, a $500 billion electronics manufacturing sector would create 5-6…
No FAME 3.0 announcement in Budget’ 25: Kumaraswamy
While Kumaraswamy didn’t give an exact timeline for the launch of the new scheme, he did confirm the scheme is in its final stages.
New norms for funding infra, setting standards
The National Green Hydrogen Mission (NGHM), launched on January 4, 2023, with a budget of Rs 19,744 crore, aims to position India as a global hub for the production, usage, and export of Green Hydrogen and its derivatives.
MSME Dev. & Fecilitation Office holds seminar to boost Credit schemes awareness
Additional Dev. Comm'ner, MSME Snjeev Chawla exhorts entrepreneurs to derive benefits of newly launched schemes
India a global leader in curative & preventive healthcare: Union Minister
New Delhi: India has become a global leader not only in curative healthcare but also in preventive healthcare owing to Prime Minister Narendra Modi’s vision of universal healthcare for all, Jitendra Singh, Union Minister of State…
Shivraj Chouhan launches portal to speed up settlement of claims
New Delhi; Union Minister of Agriculture & Farmers' Welfare Shivraj Singh Chouhan launched a web portal to automate and speed up the process of settlement of interest subvention claims of banks submitted under the Agriculture…
Govt forms working group to explore new ways to finance Agri Value Chain
New Delhi: The Centre has decided to form a working group to explore innovative banking products for Agri Value Chain Financing to integrate the country’s agriculture sector with global markets and enhance farmers’ income.
The…
PLI scheme to be expanded to garment sector: Textiles Minister
New Delhi: Union Textiles Minister Giriraj Singh on Tuesday announced that the Rs 10,000 crore PLI scheme will be expanded to the garment sector to boost domestic manufacturing and exports.
In his inaugural address at the India…
Railway services, students’ hostels exempted from GST
New Delhi: The GST Council meeting chaired by Finance Minister Nirmala Sitharaman on Saturday decided to exempt services provided by Indian Railways from GST.
Addressing the media after the council meeting, the Finance Minister said…