Policymakers need to change regulatory mindset: FM Jaitley

Last Updated: Saturday, September 12, 2015, 20:36

Finance Minister Arun Jaitley on Saturday said policymakers need to change their regulatory mindset asserting that role of state should be minimised and government monopoly must end wherever possible.

FinMin sets up two panels for roll out of GST from April 2016

Last Updated: Wednesday, June 17, 2015, 19:31

Gearing up to roll out GST from April 1, 2016, the Finance Ministry on Wednesday set up two committees to suggest tax rates and look into IT preparedness for the new indirect tax regime.

India Inc hails Modi government's one-year performance

Last Updated: Friday, May 22, 2015, 20:22

India Inc on Friday hailed Narendra Modi-led government's performance in past one year, saying the focus on non-adversarial, corruption-free and predictable policy regime has buoyed investor sentiment.

Excise collection on petrol, diesel up 50% at Rs 74.5K cr

Last Updated: Friday, May 8, 2015, 18:00

Excise duty collection on petrol and diesel jumped over 50 percent in 2014-15 to Rs 74,465 crore as the government on multiple occasions raised tax rates to shore up its revenues.

'No change in personal income tax rates in near-term'

Last Updated: Tuesday, March 3, 2015, 19:22

Personal income tax rates will not be changed in the near term even as peak corporate tax rate will be cut by 5 percent over a four year period beginning 2016-17, a top finance ministry official said.

Arun Jaitley hints at not raising tax rates, sops for manufacturing

Last Updated: Friday, January 23, 2015, 19:04

Hard selling India to global investors at the World Economic Forum here, Jaitley also promised a stable tax regime that will not come up with unreasonable demand and change taxes retrospectively.

India's corporate tax rates among highest globally: Report

Last Updated: Tuesday, November 26, 2013, 15:20

Tax rates for companies in India are among the highest in the world and the number of payments is also more than the global average, putting the country at a low 158th rank on the 'Paying Taxes 2014' list.

Obama uses autopen to sign the fiscal cliff bill

Last Updated: Thursday, January 3, 2013, 12:05

US President Barack Obama on Wednesday signed into law the fiscal cliff bill that extends lower tax rates permanently on annual household income under USD 4,50,000 and postpones automatic spending cuts for two months.

April indirect tax collection up 10.4% to Rs 33,045 cr

Last Updated: Thursday, May 17, 2012, 19:57

Collection of indirect taxes jumped by 10.4 percent to Rs 33,045 crore in the first month of the current fiscal on the back of increase in excise duty and service tax rates.

FinMin seeks industry views on tax rates for next Budget

Last Updated: Wednesday, November 9, 2011, 21:28

The Finance Ministry is seeking inputs from industry on tax rates as it prepares the next budgetary proposals.

New road tax rates come into effect

Last Updated: Wednesday, June 9, 2010, 18:02

Delhi Government today hiked the tax rates for luxury cars and bikes as it notified the cabinet decision to increase road tax on them to generate additional revenue.