Govt fails to break deadlock on GST

Finance Minister Arun Jaitley's plan to launch a new national sales tax next April got a jolt on Saturday after a two-day meeting with state officials ended without the resolution of a deadlock on who would administer the tax.

India, Afghanistan plan air cargo link over Pakistan

India and Afghanistan are planning to set up an air cargo service to help increase trade that both say is stymied because of their tense political relations with Pakistan that lies between them, Indian and Afghan officials said on Saturday.

Rs 13,860 cr declared under IDS not mine: Gujarat property dealer

Property dealer Mahesh Shah, who had declared a whopping Rs 13,860 crore of undisclosed wealth under the Income Declaration Scheme (IDS), today appeared on a television show claiming that the money did not belong to him, only to be held by Income Tax officials for questioning.

It's confirmed! FM Arun Jaitley knew about demonetisation in advance

"When the bombshell came... Every body wanted to know how Mr Jaitley could keep the secret so well. This is the kind of commitment a tall leader has... when the time comes, they keep secret from everybody," Piyush Goyal said.

Income Tax dept finds Rs 1.64 crore in undisclosed income from Jan Dhan Accounts

The Tax department has detected the suspicious activity in these accounts in banks in Kolkata, Midnapore, Ara (Bihar), Kochi and Varanasi even as officials said some other accounts in over half-a-dozen cities are under the scanner of the taxman.

Sun Dec 04 15:33:04 IST 2016

From The Magazine

The Demonetisation Puzzle

India is heavily dependent on cash for its daily transactions. The Modi government's demonetisation drive could impact the Indian economy