India’s tax collections soared to a record high of Rs 27.07 lakh crore in the fiscal year ended March 31 as mop-up from income and other direct taxes as well as indirect taxes jumped, Revenue Secretary Tarun Bajaj said on Friday. Gross tax collection of Rs 27.07 lakh crore during April 2021 to March 2022 … Read more
Delhi Chief Minister Arvind Kejriwal on Tuesday dubbed the Union Budget 2022-23 as “disappointing” and said it has nothing for the common people. In a tweet in Hindi, the Aam Aadmi Party (AAP) national convenor noted that people had “high expectations” from the Union Budget during the corona period but there is nothing in it … Read more
Finance and health ministers from the world’s 20 biggest economies (G20) said on Friday they would take steps to ensure 70% of the world’s population is vaccinated against COVID-19 by mid-2022 and created a task force to fight future pandemics. They could not reach agreement on a separate financing facility proposed by the United States … Read more
Congress leader Rahul Gandhi on Thursday wrote to Finance Minister Nirmala Sitharaman urging her to extend the moratorium on repayment of short-term.crop loans by farmers to December 31, 2021. Gandhi also sought waiver of all penal interest on such loans. He highlighted that farmers across the country are facing acute financial distress due to the … Read more
The revenue department has started issuing notices to several multinationals to comply with the transfer pricing timelines after many multinationals and their tax advisors missed filing deadlines assuming that the extension of timelines due to Covid-19 pandemic applied to transfer pricing assessment as well. Some of the tax advisors have also reached out to the … Read more
With a revamped website, electronic consultation module and other features, the third version of the corporate affairs ministry‘s MCA21 portal was launched on Monday. MCA21 — which allows electronic filings of various documents under the companies law — is being redesigned. The first phase of the MCA21 V3.0 (third version) has now been launched, and … Read more
Germany’s coronavirus infection rate rose at the weekend despite stricter restrictions as Finance Minister Olaf Scholz cautioned he did not expect moves to ease curbs before the end of May. Germany is struggling to contain the third wave of infections, with efforts complicated by the more contagious B117 variant, which first emerged in the UK … Read more
Former PM Gordon Brown says £22bn is needed so vaccines can be administered in lower income countries. Source link
Lucknow: The Uttar Pradesh government is looking to speed up discussions on sub-categorising ‘other backwards classes’ and is also weighing the option of giving reservation as available to SC/STs to ‘denotified tribes’ within ‘most backward classes’, state backward classes minister Anil Rajbhar has said. The move is seen as a bid by the BJP-led government … Read more
NEW DELHI: Expressing concern of crony capitalism, Congress leader and former Finance Minister P Chidambaram on Saturday said the government needs to create an atmosphere where everybody is treated equally and ensure that not just five but 500 business houses are expanding. “Today we have crony capitalism. That cannot be denied. I can give examples … Read more