Govt studying views against quoting PAN beyond Rs 1-lakh spend

Last Updated: Friday, July 24, 2015, 17:36

The government on Friday said it was examining representations from various quarters, including MPs, against the proposed mandatory quoting of PAN for sale or purchase in excess of Rs 1 lakh.

Fall in Swiss bank funds may be due to black money drive: Govt

Last Updated: Tuesday, July 21, 2015, 22:21

The fall in deposits by Indians in Swiss banks may be a result of the steps being taken by the government to unearth black money stashed abroad, the Finance Ministry said Tuesday.

44 corporate borrowers owed over Rs 5K crore each to five PSBs

Last Updated: Tuesday, July 21, 2015, 17:25

The government on Tuesday said as many as 44 corporate borrowers had taken loans in excess of Rs 5,000 crore each from public sector banks as of March 2015.

Global tax regime must protect developing nations: India

Last Updated: Sunday, July 19, 2015, 00:27

India has pitched for a global tax regime built into the UN process, rather than being looked at from the point of view of rich countries, in a bid to curb illegal financial flows from the developing world running into some $200 billion annually.

Financial frauds lethal parasites to economy: Jayant Sinha

Last Updated: Friday, July 17, 2015, 19:26

Terming financial sector frauds as "lethal parasite" to the economy, Union Minister Jayant Sinha on Friday asked banks to fast-track the process of reporting such instances to help the probe agencies crack these cases.

India for equal say among nations on global tax norms

Last Updated: Wednesday, July 15, 2015, 22:00

"Greater information exchange is good, but not a substitute for genuine and equitable multilateralism in deciding global norms and standards on taxation.

India has 'robust' macroeconomic foundation for growth: Jayant Sinha

Last Updated: Wednesday, July 1, 2015, 17:07

The country, Minister of State for Finance Jayant Sinha said, is prepared to deal with the aftermath of the Greek crisis.

Sinha pledges required capital support for public sector banks

Last Updated: Wednesday, July 1, 2015, 12:01

The government on Wednesday said it's currently examining the funds requirement of public sector banks over the next 3 years and promised required capital support as part of a comprehensive package to strengthen them.

Rate cuts, structural reforms, infra push aiding growth: Sinha

Last Updated: Thursday, June 25, 2015, 21:48

The 75 basis points rate cut by the Reserve Bank since January will help boost growth along with structural reforms and thrust on infrastructure investments by the government, Union Minister of State for Finance Jayant Sinha said Thursday.

Government asks top taxmen to ideate for widening tax base

Last Updated: Sunday, June 14, 2015, 13:08

The unique move comes in the backdrop of the government recently asking the I-T department to take urgent steps to widen the tax base and add at least 25 lakh new assesses every month during the current financial year 2015-16.

We inherited derailed passenger train: Jayant Sinha on economy

Last Updated: Saturday, June 13, 2015, 21:38

Jayant Sinha also expressed confidence that the Indian economy would continue to grow at 7-9 percent and double in size to USD 4-5 trillion in a decade.

India can double economy in a decade: MoS Finance

Last Updated: Thursday, June 11, 2015, 22:00

The minister also claimed that the foundations laid by the Narendra Modi government's first year in office would restore the country's economic growth to the 8 per cent mark.