Finance Minister

FM launches instant allotment of e-PAN based on Aadhaar

Bill to check ponzi schemes in LS

5:43 pm July 19, 2019

New Delhi: A Bill which seeks to tackle the menace of illicit deposit-taking activities in the country was introduced in Lok Sabha Friday. The Banning of Unregulated Deposit Schemes Bill, 2019 will replace the Banning of Unregulated Deposit Schemes Ordinance, 2019. The bill seeks to help tackle the menace of illicit deposit taking activities in […]

Finance Bill passed in LS; Cess on petrol, diesel stays

10:14 pm July 18, 2019

New Delhi: Finance Minister Nirmala Sitharaman on Thursday asserted her Budget proposals are aimed at improving ease of living and reducing pain of citizen, even as she did not accept the opposition demands of withdrawing cess on petrol-diesel and 2 per cent TDS on cash withdrawal. Replying to the discussion in Lok Sabha on Finance […]

7 indirect taxation-related laws being amended: FM

2:35 pm July 18, 2019

New Delhi: Finance Minister Nirmala Sitharaman Thursday said seven legislations under indirect taxation are being amended to ensure greater simplicity, as she moved the Finance Bill in the Lok Sabha. She told the Lower House that amendments to laws are being made through the Finance Bill in five major categories, including in the Goods and […]

After petrol, CNG price up in Delhi, adjoining cities

Petrol price to rise by Rs 2.5, diesel by Rs 2.3 after FM raises tax

10:48 pm July 5, 2019

New Delhi: Petrol price will be hiked by over Rs 2.5 per litre and diesel by more than Rs 2.3 after Finance Minister Nirmala Sitharaman Friday raised taxes on the fuels to part-fund her Budget for 2019-20. Sitharaman raised excise duty and road and infrastructure cess on the auto fuels by Rs 2 per litre […]

Highlights of Union Budget for 2019-20

8:11 pm July 5, 2019

New Delhi: Highlights of the Union Budget for 2019-20 presented by Finance Minister Nirmala Sitharaman in Parliament Friday: * Tax deducted at source of 2% for cash withdrawals of over Rs 1 cr a year * Surcharge hiked on individuals with taxable income above Rs 2 cr * Effective tax rate on Rs 2-5 crore […]