finance minister

What Supreme Court has actually observed in Delhi Government case?

Corporate Law - The Constitution Bench of the Supreme Court on the 4th of July, 2018 settled the law with regard to allocation of legislative and executive powers between the elected Delhi Government and the Central Government alongwith the administrator of the Union Territory of Delhi – the Lieutenant Governor....

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The GST Experience- Arun Jaitley

Corporate Law - It has been one year since the country’s switchover to a new indirect taxation system – the Good and Services Tax. One single tax replaced seventeen taxes and multiple cesses imposed by the Central and the State Governments. This had obviously necessitated every assesse to file multiple returns, have an interface with multiple ins...

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The Impact of the Government Polices on Direct Tax Collections

Corporate Law - The first sixty-seven years after Independence from 1947 to 2014 saw a total number of 3.82 crore assesses filing tax returns. Obviously, in comparison to total population of almost 1.3 billion, this figure appears highly inadequate. The total direct tax collection (income tax) in 2013-14 was Rs.6.38 lakh crore....

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Economy and Markets Reward Structural Reforms & Fiscal Prudence

Corporate Law - The Fourth quarter results of GDP data showed a phenomenal 7.7 percent growth rate and has established India firmly as the fastest growing global economy. This trend, according to experts, is likely to continue for the next few years. With structural reforms like demonetisation, the implementation of the Goods and Services Tax and the enf...

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The Impeachment Fiasco – Another Example of Congress Adopting a Fringe Position

Corporate Law - The Congress Party’s impeachment motion against the Chief Justice of India was wholly misconceived. It is poorly drafted and lacked in substance. Many of its traditional allies were not willing to take on this confrontation with the judicial institutions....

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Piyush Goyal gets interim charge of finance in Cabinet reshuffle

Corporate Law - During the period of indisposition of Shri Arun Jaitley, Minister; the portfolios of Minister of Finance and Minister of Corporate Affairs held by him, be temporarily assigned to Shri Piyush Goyal, in addition to his existing portfolios....

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FM stresses on importance of procedural fairness in public procurement

Corporate Law - The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley stresses on the importance of procedural fairness in public procurement and award of contracts ; ...

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Economic Survey Draws Attention to 10 New Economic Facts on Indian Economy

Corporate Law - The Economic Survey presented by the Union Finance Minister Shri Arun Jaitley in Parliament today has relied upon analysis of the new data to highlight ten new economic facts:...

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Ease of Doing Business’ Next Frontier: Timely Justice

Corporate Law - The government’s efforts to make business and commerce easy have been widely acknowledged. The next frontier on the ease of doing business is addressing pendency, delays and backlogs in the appellate and judicial arenas. ...

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Demonitisation has Helped Share of Financial Saving Rise, Says Economic Survey

Corporate Law - • The ratio of domestic saving to GDP reached 29.2 per cent in 2013 to a peak of 38.3 per cent in 2007, before falling back to 29 per cent in 2016. The cumulative fall over 2007 and 2016 has been milder for investment than saving, but investment has fallen to a lower level....

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Assessee is entitled for depreciation on assets of a closed unit which are part of block of assets

Swati Synthetics Ltd. Vs. ITO (ITAT Mumbai) - The assets did not fall under any of the above exceptional three conditions. The said block of assets was used for the purpose of business during the year. Under the circumstances the assets of the said closed unit amounts to use for the purpose of business in the year under consideration ,...

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FM Statement on Kelkar Committee Report, Fiscal Roadmap & Consolidation

Income tax press release - (29/10/2012) - The Kelkar Committee has cautioned us that a business-as-usual scenario for the current year may lead to the fiscal deficit rising to 6.1 per cent of GDP. This would have grave consequences for the economy is, therefore, totally unacceptable. The Committee has recommended a number of reform measures...

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Inauguration of Income Tax Office at Chinsurah, West Bengal

NA - (08/12/2010) - Inauguration of Income Tax Office at Chinsurah, Dist-Hooghly, West Bengal by Honble Union Finance Minister Shri Pranab Mukherjee on 04.12.2010 - Publicity in the official web site...

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Cashless mediclaim facility will continue: Pranab Mukherjee

NA - (06/08/2010) - Finance Minister Pranab Mukherjee on Monday allayed fears of withdrawal of the cashless mediclaim facility by public sector general insurance companies, saying these firms have not done away with these schemes and are only standardising the rates for various hospitals....

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Recent Posts in "finance minister"

What Supreme Court has actually observed in Delhi Government case?

The Constitution Bench of the Supreme Court on the 4th of July, 2018 settled the law with regard to allocation of legislative and executive powers between the elected Delhi Government and the Central Government alongwith the administrator of the Union Territory of Delhi – the Lieutenant Governor....

Read More
Posted Under: Finance |

The GST Experience- Arun Jaitley

It has been one year since the country’s switchover to a new indirect taxation system – the Good and Services Tax. One single tax replaced seventeen taxes and multiple cesses imposed by the Central and the State Governments. This had obviously necessitated every assesse to file multiple returns, have an interface with multiple ins...

Read More
Posted Under: Finance |

The Impact of the Government Polices on Direct Tax Collections

The first sixty-seven years after Independence from 1947 to 2014 saw a total number of 3.82 crore assesses filing tax returns. Obviously, in comparison to total population of almost 1.3 billion, this figure appears highly inadequate. The total direct tax collection (income tax) in 2013-14 was Rs.6.38 lakh crore....

Read More
Posted Under: Finance |

Economy and Markets Reward Structural Reforms & Fiscal Prudence

The Fourth quarter results of GDP data showed a phenomenal 7.7 percent growth rate and has established India firmly as the fastest growing global economy. This trend, according to experts, is likely to continue for the next few years. With structural reforms like demonetisation, the implementation of the Goods and Services Tax and the enf...

Read More
Posted Under: Finance |

Piyush Goyal gets interim charge of finance in Cabinet reshuffle

During the period of indisposition of Shri Arun Jaitley, Minister; the portfolios of Minister of Finance and Minister of Corporate Affairs held by him, be temporarily assigned to Shri Piyush Goyal, in addition to his existing portfolios....

Read More
Posted Under: Finance |

The Impeachment Fiasco – Another Example of Congress Adopting a Fringe Position

The Congress Party’s impeachment motion against the Chief Justice of India was wholly misconceived. It is poorly drafted and lacked in substance. Many of its traditional allies were not willing to take on this confrontation with the judicial institutions....

Read More
Posted Under: Finance |

Why the Malafide Impeachment Motion was bound to fail?

An impeachment motion was intended to be filed in the rarest of rare cases. These cases would include those where a gross misconduct has been indulged in by a delinquent judge during his tenure as a judge. ...

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Posted Under: Finance |

Judge Loya Death Case – The One That Almost Created a Judicial Mutiny: Arun Jaitley

Yesterday I read the 114 page judgement in the Judge Loya death case authored by Justice D.Y. Chandrachud on behalf of the three Judge Bench of the Supreme Court. A reading of the judgement exposes every fact of the conspiracy to generate falsehood as propaganda in the public and political space....

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Posted Under: Finance |

FM stresses on importance of procedural fairness in public procurement

The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley stresses on the importance of procedural fairness in public procurement and award of contracts ; ...

Read More
Posted Under: Finance |

Economic Survey Draws Attention to 10 New Economic Facts on Indian Economy

The Economic Survey presented by the Union Finance Minister Shri Arun Jaitley in Parliament today has relied upon analysis of the new data to highlight ten new economic facts:...

Read More
Posted Under: Finance |
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