Government policies
Demonetisation would help govt lower tax rates in future: Jaitley
14 Dec 2016
As more hoarded money comes into the open, future tax revenues would also be much higher, which in turn would enable the government at some stage to make taxes more reasonable, Jaitley said
Bank staff caught in note exchange racket in sting operation
13 Dec 2016
Reports say the finance ministry has received over 400 CDs of sting operations showing how the old notes from police officials, pimps and the influential were exchanged with the help of bank staff
Government to forgo tax on card transactions below Rs2,000
08 Dec 2016
Considering that 50-60 per cent of digital transactions in India are sub-Rs2,000 in value, this will cause a big revenue loss for the government
FM points to 16 Sept deadline as consensus evades GST council meet
03 Dec 2016
The finance minister, says that efforts will be made to have a wide tax base and simple and reasonable tax rate, even as the first day of the fifth meeting of the GST Council failed to break fresh ground
14 states deregulate fruits and vegetables marketing
29 Nov 2016
The move has the potential to make available fruits and vegetables to consumers at reasonable prices while also enhancing farmers’ profit with their open choice of selling to anybody, anywhere
Govt sees windfall with 60% tax on unaccounted cash
26 Nov 2016
Government expects the cash pile of demonetised currency at banks to swell to around Rs15,00,000 crore by the end of the 50-day window on 30 December
Jaitley pushes banks to switch to cashless transactions
26 Nov 2016
The finance minister emphasised that physical currency must shrink while the economy should expand, shifting more and more focus to digital currency
Life of old Rs500 notes extended, new services added as swap widow shuts
25 Nov 2016
The government on Thursday closed the window for over-the-counter exchange of demonetised Rs1,000 and Rs500 currency notes, but extended the exemptions for the use of the old series Rs500 notes till 15 December
Deposits in Jan Dhan accounts swell by Rs21,000 cr in 15 days
23 Nov 2016
Reports say most of the money flows into Jan Dhan accounts were in West Bengal and Karnataka, which translates in to huge hoards of cash in these states
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