Indian government moots for improving measures for better GST collections

New Delhi, Aug 11 (UNI) In order to push growth, the government is mooting the idea of improving measures for better 'GST collections' to make revenue collection free from hurdles.

Indian government appoints Krishnamurthy Subramanian as new economic advisor

New Delhi, Dec 7 (IBNS): The Indian government on Friday confirmed the appointment of Krishnamurthy Subramanian as the new chief economic advisor of the country.

Indian government rejects World Bank's HCI report

New Delhi, Oct 12 (IBNS): The Indian government has rejected the  World Bank's Human Capital Index (HCI) findings where it has placed the Asian nation at 115th position out of 157 countries on various parameters.

ADB and Government of India sign $ 84 million loan for improvement and expansion of water supply in state of Bihar

New Delhi, Feb 23 (IBNS): The Government of India and The Asian Development Bank (ADB) signed a $84 million loan today for improvement and expansion of water supply in Bhagalpur and Gaya towns in Bihar.

Government cautions people against risks in investing in virtual ‘currencies’; says VCs are like ponzi schemes

New Delhi, Dec 29 (IBNS): The Ministry of Finance on Friday warned people against investigating in virtual currencies.

GPF), other similar funds shall carry interest at the rate of 7.8 pct: Govt

New Delhi, Oct 25 (IBNS): The Government of India on Wednesday announced that during the Financial Year 2017-18, accumulations at the credit of subscribers to the General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% (Seven point eight per cent) with effect from Oct 1 to Dec 31.

Indian government freezes 2 lakh bank accounts of suspected shell companies

New Delhi, Sept 5 (IBNS): The Indian government on Tuesday said that in an attempt to crackdown on illegal transactions and tax evasion, bank accounts of 209,032 suspected shell companies have been frozen.

GST on healthcare will make medicare unaffordable: ASSOCHAM-TechSci study

Mumbai, Jan 25 (IBNS): The healthcare sector catering to the unmet health needs of the society should be kept out of the purview of the Goods and Services Tax (GST) or else medical care would become expensive and unaffordable for the common persons, said an ASSOCHAM-TechSci Research paper.

Union Finance Minister holds Pre-Budget Consultative Meeting with the representatives of IT Industry

New Delhi, Dec 10 (IBNS): Union Finance Minister Arun Jaitley said that India’s external position is more robust now and the return to resilience to periodic global shocks is sustainable with lower trade and Current Account Deficits, stable exchange regime and the sound buffer of forex reserves.

Govt decides to allow farmers to purchase seeds with the old high denomination bank notes of Rs.500 from Centres, others

New Delhi, Nov 21 (IBNS): In order to further support farmers for the current Rabi crop, the Government on Monday said it has decided to allow farmers to purchase seeds with the old high denomination bank notes of Rs.500 from the Centres, Units or outlets belonging to the Central or State Governments, Public Sector Undertakings, National or State Seeds Corporations, Central or State Agricultural Universities and the Indian Council of Agricultural Research (ICAR), on production of proof of identity.