Centre on October 12 announced the LTC cash voucher scheme under which central government employees can purchase any goods or services with GST rate of 12 per cent or above to avail the benefit

Highlighting the importance of infra development, the finance minister recently said money spent on infrastructure and asset creation has a multiplier effect on the economy

Finance Ministry issues guidelines for implementation of interest waiver; Govt to fetch Rs 60,000 crore from BPCL, Concor, SCI, BEML sale; Pakistan to stay on terror financing 'grey list' till February 2021. Watch this and more news on News Blast.

Finance Ministry issues guidelines for implementation of interest waiverFinance Ministry has approved guidelines for a scheme granting ex-gratia payment against the difference between compound interest and simple interest for six months on loans up to Rs 2 crore. The guidelines came after the Supreme Court directed the Centre to implement as soon as possible the interest waiver on such loans during the RBI moratorium. As per the operational guidelines by Department of Financial Services, the...

The comprehensive health insurance plans from health insurers are mostly indemnity covers that make good the losses only up to the medical expenses actually incurred subject to the maximum sum insured in the policy. However, in the fixed benefit plan you get the full sum insured when hospitalised

To the question, \"How long do you think you can easily sustain this post COVID way of living with restriction?\" 38 per cent of the 8,496 respondents said they are \"willing to live the COVID-19 way of living for as long as it takes\"

IGL said it will offer diesel-run genset users in residential complexes, commercial establishments and industrial units based in Delhi, Noida, Greater Noida, Ghaziabad and parts of Gurugram an appropriate solution to convert diesel-run electricity generating units to natural gas

The government said action under the Prevention of Black-marketing and Maintenance of Supplies of Essential Commodities Act, 1980, would be taken to prevent any hoarding, black marketing of onions by unscrupulous elements

The states and UTs that received the first tranche of GST compensation are Andhra Pradesh, Assam, Bihar, Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Tamil Nadu, Tripura, Uttar Pradesh, Uttarakhand, Delhi and Jammu and Kashmir

The kingpin of this racket is said to be Prince Manish Kumar Khatri, a third-year student and a partner in a Chartered Accountancy firm

Virmani lists out 14 major reforms carried out by the Modi government, while also mentioning that six more were pending to be implemented in the current financial year

While refunds for 'risky' exporters have been a contentious issue, tax consultants with sizeable client base said that technical glitches are also being cited for pending GST refunds

The recovery in GST e-way bills, electricity, petrol and diesel in September 2020 provides a meaningful pointer to a broader economic revival, ICRA said in its monthly economic review for September

iPhone 12 smartphones are so costly in India that it can cover travel expenses to UAE. Even after considering travel cost of a short trip, your total expense of buying an iPhone 12 series smartphone there will be same as that of purchasing an iPhone 12 in India

Sitharaman clarified that it is not certain whether it will be done in public or in the Parliament. She also ruled out giving any tentative deadline for giving an official GDP estimate for the current year

In its report 'Looking East: Warehousing in Kolkata', the US-based property consultant highlighted that Kolkata and adjoining areas currently have 17.2 million sq ft of organised warehousing space

Scheme is voluntary and taxpayers with income up to over Rs 10 lakh may be incentivised for supporting a poor family with Rs 5,000 per month; govt can incentivise taxpayers with around Rs 50,000 tax deduction apart from exemption offered under 80C

It estimated that the economy is likely to contract by 13.5 per cent in the second quarter (July-September), and the contraction in FY21 (April 2020 to March 2021) is likely to be around 9.5 per cent

The finance minister's letter to states comes four days after the GST Council meeting failed to reach a consensus on the stalemate over the Centre's proposal of states borrowing against future GST collections to make up for the shortfall

Amending the policy, Director General of Foreign Trade has revised the existing policy from free to prohibited. The move has been welcomed by the domestic as well as international players having operations in India