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finance ministry

3 senior IRS officers chargesheeted for creating uncertainty and panic by publishing unauthorised tax hike report, stripped of charge

One of the officers, Prashant Bhushan, is the general secretary of the IRS Association and his wife is a Congress MLA from Begusarai in Bihar.

Government junks report by IRS officials that suggested tax hike, orders probe against concerned officers for violation of code of conduct

As per the 43-page report, the Government can earn up to ₹18,000 crores by implementing the suggested proposals.

Modi govt announces a Rs 1.70 lakh crore welfare scheme for poor during Coronarvirus lockdown: Here are the 12 announcements made

The package to benefit the poor and medical workers during the Coronavirus lockdown was called 'Prime Minister Gareeb Kalyan Yojana and totalled a whopping 1.70 lakh crores.

Finance Minister Nirmala Sitharaman holds a press conference, announces a number of economic measures amidst coronavirus scare

In a bid to provide relief to the importers and exporters, customs clearance has now been deemed as an essential service that will continue its operations 24/7 until June 30, 2020.

GST council meeting: GST on mobile phones increased from 12% to 18% to correct inverted duty structure

GST on mobile phones increased from 12% to 18%, reduction in GST on MRO services of aircraft from 18% to 5%.

“This is calumny”: Finance Minister Nirmala Sitharaman responds to The Print report attributing fake quote to her, the portal removes the report

Nirmala Sitharaman says The Print report on her is fake and defamatory as the quotes attributed to her by the portal are not hers.

Corporate tax cuts will improve revenue generation: FM Nirmala Sitharaman

The provisions in the Union Budget 2020 regarding Corporate Taxes are crucial towards delivering on Narendra Modi's vision of a $5 trillion economy.

We are ‘too small’ to take retaliatory action against India’s palm oil import curb: Malaysian PM Mahathir Mohammad

Malaysian PM said at the U.N. General Assembly last month that India had 'invaded and occupied' Kashmir, following which India’s top vegetable oil trade body had asked its members to stop buying oil from Malaysia

Gross NPA declines for the first time in seven years, thanks to Insolvency and Bankruptcy Code, says RBI report

The RBI report stated that there was a decline in both gross NPA and in the net NPA ratios.

Crackdown against corruption: Centre orders compulsory retirement for 21 tainted tax officials

21 Income tax officers facing charges of corruption and bribery have been sacked by the central government.

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