Union Finance

Timelines
Ease of doing business: Andhra Pradesh tops states' rankings

05 Sep 2020

Ease of doing business: Andhra Pradesh tops states' rankings

The Centre on Saturday released the rankings of states and union territories in terms of Ease of Doing Business (EoDB).

Vehicle scrappage policy in last lap for Cabinet nod

09 Feb 2020

Vehicle scrappage policy in last lap for Cabinet nod

Months after it was first proposed, the much-delayed vehicle scrappage policy is finally in its last lap of clearance.

Nirmala Sitharaman's husband criticizes Modi government over economic slowdown

14 Oct 2019

Nirmala Sitharaman's husband criticizes Modi government over economic slowdown

On Monday, noted political economist and Union Finance Minister Nirmala Sitharaman's husband Parakala Prabhakar said that the government is in denial about the economic slowdown in India.

Government cuts corporate tax rate to 22% for domestic companies

20 Sep 2019

Government cuts corporate tax rate to 22% for domestic companies

In a move which is expected to boost growth and provide some respite to the sluggish economy, the government has decided to slash income tax for corporates.

Explained: What are e-cigarettes and how are conventional cigarettes different?

19 Sep 2019

Explained: What are e-cigarettes and how are conventional cigarettes different?

On Wednesday, Union Finance Minister Nirmala Sitharaman announced that the government has banned e-cigarettes, citing health concerns.

Government has banned e-cigarettes in India, announces Nirmala Sitharaman

18 Sep 2019

Government has banned e-cigarettes in India, announces Nirmala Sitharaman

The Centre led by Prime Minister Narendra Modi on Wednesday banned e-cigarettes with immediate effect, Union Finance Minister Nirmala Sithararam announced.

Filing your Income Tax return (ITR)? Know these points

24 Aug 2019

Filing your Income Tax return (ITR)? Know these points

August 31, 2019 is the last date to file your Income Tax return (ITR).

Protect your Aadhaar data: Here's how to lock/unlock Aadhaar number

02 Aug 2019

Protect your Aadhaar data: Here's how to lock/unlock Aadhaar number

In a bid to strengthen the privacy and security of Aadhaar, the Unique Identification Authority of India (UIDAI) has introduced a feature that enables users to lock/unlock their Aadhaar number.

Income Tax: How salaried individuals can file their I-T return

28 Jul 2019

Income Tax: How salaried individuals can file their I-T return

August 31, 2019 is the last date to file Income Tax return for FY 2018-19.

#FinancialBytes: How to check your Income Tax refund status online

23 Jul 2019

#FinancialBytes: How to check your Income Tax refund status online

Once you are done with the filing and verification of your I-T returns, you can easily keep track of the refund status.

#FinancialBytes: Step-by-step guide to file ITR-1

19 Jul 2019

#FinancialBytes: Step-by-step guide to file ITR-1

July 31, 2019 is the last date to file Income Tax return for FY 2018-19.

India will become $3 trillion economy in 2019: Nirmala Sitharaman

05 Jul 2019

India will become $3 trillion economy in 2019: Nirmala Sitharaman

In her maiden budget speech, Finance Minister Nirmala Sitharaman said India will become a $3 trillion economy in 2019 itself.

Jaitley says Opposition is not celebrating Azhar's global terrorist tag

02 May 2019

Jaitley says Opposition is not celebrating Azhar's global terrorist tag

The Opposition is not celebrating Masood Azhar's designation as a global terrorist as they may have to pay a political price, said Union Finance Minister Arun Jaitley on Thursday.

Driven by Modi hatred, Opposition is helping Pakistan: PM

01 Mar 2019

Driven by Modi hatred, Opposition is helping Pakistan: PM

Few parties are helping Pakistan with their statements, said Prime Minister Narendra Modi on Friday in Tamil Nadu while addressing a rally.

Yeddyurappa claims airstrikes will help BJP win, draws flak

28 Feb 2019

Yeddyurappa claims airstrikes will help BJP win, draws flak

In what can only be qualified as cringeworthy, BJP leader BS Yeddyurappa claimed that the airstrikes would help the saffron party win 22 out of 28 seats in Karnataka in the upcoming Lok Sabha elections.

#Budget2019: Piyush Goyal announces direct cash transfer for marginal farmers

01 Feb 2019

#Budget2019: Piyush Goyal announces direct cash transfer for marginal farmers

On Friday, acting Union Finance Minister Piyush Goyal presented the interim budget in the Parliament amid ruckus from the Opposition.

Jaitley tears into RaGa's Rafale-claims, says family just understands 'money'

02 Jan 2019

Jaitley tears into RaGa's Rafale-claims, says family just understands 'money'

After Congress President Rahul Gandhi's speech in the Lok Sabha on Wednesday, Union Finance Minister Arun Jaitley stood up to speak on the Rafale Deal and targeted the Gandhi family.

#PolicyExplainer: Get Rs. 2,00,000 life-insurance at Rs. 330/year with PMJJBY

29 Dec 2018

#PolicyExplainer: Get Rs. 2,00,000 life-insurance at Rs. 330/year with PMJJBY

Life insurance is one of the most important financial products to have. It is the best way to protect one's family and their future in case of the policyholder's untimely demise.

#RoadTo2019: Bihar seat-sharing done, BJP-JD(U) to contest on 17 seats

23 Dec 2018

#RoadTo2019: Bihar seat-sharing done, BJP-JD(U) to contest on 17 seats

In an apparent show of strength, BJP President Amit Shah, Bihar Chief Minister Nitish Kumar, and Lok Janshakti Party chief Ram Vilas Paswan announced the seat sharing agreement for Lok Sabha elections 2019 on Sunday.

#IndiaDecidesOnDec11: Shashi Tharoor trolls Arun Jaitley with 'great day' tweet

11 Dec 2018

#IndiaDecidesOnDec11: Shashi Tharoor trolls Arun Jaitley with 'great day' tweet

The results of assembly elections of five states, dubbed as the big semifinal before India votes in 2019, has brought immense joy to Congress.

Rahul Gandhi won't be projected as PM candidate: Chidambaram

22 Oct 2018

Rahul Gandhi won't be projected as PM candidate: Chidambaram

Senior Congress leader and former Union Finance Minister P Chidambaram, in an interview, said the party won't project Rahul Gandhi as PM candidate for 2019 Lok Sabha elections.

Gujarat government cuts petrol, diesel prices by Rs. 2.50/liter

04 Oct 2018

Gujarat government cuts petrol, diesel prices by Rs. 2.50/liter

The Gujarat government today announced a reduction of petrol and diesel prices by Rs. 2.50 per liter.

Maharashtra announces additional cut of Rs. 2.5/liter on fuel prices

04 Oct 2018

Maharashtra announces additional cut of Rs. 2.5/liter on fuel prices

The Maharashtra government today announced a reduction in prices of petrol and diesel by Rs. 2.50 per liter, which will give consumers in the state a relief to the tune of Rs. 5 a liter.

GST Council Meet: Rates on 29 goods, 53 services revised

18 Jan 2018

GST Council Meet: Rates on 29 goods, 53 services revised

At the 25th GST Council Meeting, convened in New Delhi, the highest decision-making authority on Goods and Services Tax (GST) has revised the tax rates on as many as 29 items and 53 services.

Eating out may get cheaper as panel discusses GST

18 Oct 2017

Eating out may get cheaper as panel discusses GST

The revision of tax rates under the GST could make eating out cheaper: effective tax rates in AC restaurants came down from 20.1% to 18%.

Defamation case: HC notice to Kejriwal on 'false affidavit'

23 Aug 2017

Defamation case: HC notice to Kejriwal on 'false affidavit'

Delhi HC has asked Arvind Kejriwal to explain why he allegedly filed a false affidavit in a defamation case by Arun Jaitley.

Bharat 22 ETF gets created for government's disinvestment program

05 Aug 2017

Bharat 22 ETF gets created for government's disinvestment program

Calling it the most significant announcement made this year on the stake divestment program of the NDA government, Union Finance Minister Arun Jaitley said that the center has now created a new ETF named Bharat 22.

Jethmalani resigns as Kejriwal's advocate, seeks Rs. 2 crore dues

26 Jul 2017

Jethmalani resigns as Kejriwal's advocate, seeks Rs. 2 crore dues

Ram Jethmalani finally called it quits as Delhi CM Arvind Kejriwal's legal counsel in the civil and criminal defamation cases filed by Union Finance Minister Arun Jaitley against him.

Central Hall to welcome GST with a starry event

30 Jun 2017

Central Hall to welcome GST with a starry event

The Centre is getting ready to welcome GST with a 'gong' and the biggest names will bear attendance to the event.

GST roll out to commence from 1st July 2017

03 Jun 2017

GST roll out to commence from 1st July 2017

In the Goods and Service Tax (GST) Council meeting held today, all pending rules including tax provisions and returns were cleared prompting all states within the country to agree that GST roll out would commence from 1st July 2017.

How is a Re 1 note different from other currencies?

31 May 2017

How is a Re 1 note different from other currencies?

After a hiatus of 22 years, Re 1 note will resurface in a brand new avatar.

What to expect from Sachin, A Billion dreams?

24 May 2017

What to expect from Sachin, A Billion dreams?

Sachin Tendulkar's biopic "Sachin: A Billion Dreams" is set to release this Friday.

Government e-marketplace soon to be mandatory for all departments

07 Feb 2017

Government e-marketplace soon to be mandatory for all departments

The Indian government is all set to mandate all its departments to procure goods and services through its e-marketplace.

Govt depts cash payments capped at Rs.5000

05 Dec 2016

Govt depts cash payments capped at Rs.5000

The Finance Ministry directed all government departments to limit cash payments to Rs.5000 and use digital payment systems for vendors and contractors for anything over Rs.5000.

PM Modi aims to transform India to a digital marketplace

01 Dec 2016

PM Modi aims to transform India to a digital marketplace

Reports stated that India's Prime Minister Narendra Modi is looking to transform all government purchases to an online marketplace in a bid to help the country move to a cashless economy.

Congress CMs push for 18% GST

26 Sep 2016

Congress CMs push for 18% GST

The Congress high command has ordered all Congress Chief Ministers to push for an 18% cap on GST rates in the upcoming meeting of the GST council on 17 October.

Centre, States agree upon April 1 deadline for GST

23 Sep 2016

Centre, States agree upon April 1 deadline for GST

The Centre as well as states agreed to complete deliberations in the GST council so that the GST can be rolled out on 1 April, 2017.

President constitutes GST council

17 Sep 2016

President constitutes GST council

The Centre has notified the GST council which will now decide the tax limit, exemptions and geographical application limits.

Jaitley: Apr 1 deadline for GST

08 Sep 2016

Jaitley: Apr 1 deadline for GST

Union Finance Minister Arun Jaitley has stated that 1 April 2017 would be the stiff deadline for the government to roll out the GST bill.

Odisha 16th state to ratify GST, bill awaits Presidential nod

02 Sep 2016

Odisha 16th state to ratify GST, bill awaits Presidential nod

Odisha became the 16th state to pass the Constitutional Amendment which allows for the passage of the Goods and Services Tax, leaving it up to Presidential approval to come into force.