The funds will be raised from the Michael & Susan Dell Foundation, Tata Trusts, The Mittal Foundation, British Telecom and Comic Relief.

Out of a total budget of Rs 21.47-lakh crore, the Finance Minister earmarked Rs 1,744.13 crore for the administration of justice in India. This means that on the whole, India spends 0.08% of its national budget on its quest towards a just society!

A number of countries have offered aid to help rebuild a rain-battered Kerala, totalling around Rs 740 crore, but India has politely declined all offers.

Union Minister Arun Jaitley, who had undergone a kidney transplant surgery on May 14, is likely to resume office of Finance Minister in the third week of August, sources said.

Some of the other demands by the truckers include abolition of TDS, rationalisation of Income tax Act, smoother functioning E-way bill, national permit for tourists and buses and abolition of direct port delivery tendering system.

Over the last one year, the Council, chaired by Union Finance Minister and comprising state ministers, has slashed rates in 191 items.

The government's attempt to sell Air India has failed but its broad public asset management strategy is showing results.

Ayushman Bharat can do to healthcare what GST is expected to do to India's indirect tax regime. But there are challenges, too.

RBI's big worry! About 74% public sector bank ATMs vulnerable to fraudsAbout 74 per cent automated teller machines (ATMs) of public sector banks are running on outdated software - which makes these machines highly vulnerable to frauds. The revelation came in response to a question in the Parliament on whether the softwares used for the ATMs are supported. Currently, India has over 2 lakh ATMs and approximately 70 percent of them still run on Windows XP - which Microsoft itself sto...

The Goods and Services Tax (GST) has just completed a year, and it has been an eventful journey.

The GST Council in its last meeting in May had discussed giving a concession of 2 per cent in GST rate (where the tax rate is 3 per cent or more) to consumers making payment through cheque or digital mode. The discount would be capped at Rs 100 per transaction.

The Sushil Modi-led ministerial panel will recommend to the GST Council to defer by a year the proposal to incentivise digital payments under GST, citing revenue implications of doling out concessional tax rate.

The format for annual returns and audit is likely to be approved by the GST Council in its meeting on July 21 and industry expects that there could be some reconciliation with annual IT returns as the government aims to check tax evasion.

GST, which was dubbed as India's biggest economic reform, today completed the first year and the government is celebrating  the day by highlighting its achievements. Earlier today, Prime Minister Modi hailed the GST as a tool that has brought growth, simplicity and transparency.

SJM co-convener Ashwani Mahajan, in a tweet further requested Prime Minister Narendra Modi to see to it that the next CEA is one who has \"faith in farmers, workers and entrepreneurs of Bharat and is not on sabbatical.\"

He said he would leave the office within the next two months by early September, even though his contractual term was co-terminus with the government.

Chief Economic Advisor Arvind Subramanian has announced his intention to relinquish his post and return to the United States.

The decision comes less than 3 weeks after the proposed 76 per cent strategic stake sale in debt laden Air India failed to attract any bidder.

The scale of value destruction in the telecom sector has been huge. Only sensible policies and practices can save it now.