Budget 2016: Calm down folks! Tax on EPF withdrawal may not be all that bad,...
As per the new proposal, withdrawal up to 40% of the corpus at the time of retirement (58 years) will be tax exempt The post Budget 2016: Calm down folks! Tax on EPF withdrawal may not be all that bad,...
View ArticleSalaried class ko gussa kyun aata hai? With tax on EPF, it’s triple whammy on...
By Piyush Jain Salaried people are the only source of revenue for the government. They are low hanging fruits. The sole three-decade-old instrument that has been a primary source of retirement fund has...
View ArticleAmnesty for evaders, burden for salaried: Why EPF tax must be scrapped
It wasn’t long ago when veteran industrialist Ratan Tata spoke about the government’s interference in people’s lives when he was addressing a group of students in Chennai. “...They (the government)...
View ArticleState-run banks gear up for Gyan Sangam 2.0 today; PM Modi not to speak
New Delhi - The second edition of Gyan Sangam, a retreat of heads of public sector financial institutions, will begin on Friday against the backdrop of the government's strategy to favour consolidation...
View ArticleGyan Sangam 2.0: Have good control over bank NPAs, says Jayant Sinha
The government has provided Rs 25,000 crore in the Budget 2016 The post Gyan Sangam 2.0: Have good control over bank NPAs, says Jayant Sinha appeared first on Firstpost.
View ArticleGovt is on your side, govt wants to work with you: Sinha on EPF withdrawal
The government rolled back the proposal to tax EPF withdrawals as it realised that concerns raised by lots of people are very legitimate, said Jayant Sinha The post Govt is on your side, govt wants to...
View ArticleSpurt in corporate bad loans: Is the problem much bigger for Indian banks...
New Delhi: The big bad loan hole Indian corporations have been punching on the balance sheets of Indian lenders, mainly state-run banks, appears to be getting more deeper, At the end of 2015, total...
View ArticleStick to fiscal discipline, spend on infrastructure: Jaitley tells states
Arun Jaitley asked the state governments to spend effectively in such a manner that there is "optimum use of resources without leakages" The post Stick to fiscal discipline, spend on infrastructure:...
View ArticleRaghuram Rajan’s next salvo: Don’t be euphoric on growth, India has long way...
He said his his one-eyed-man-as-king comment was misunderstood as "the words and not their intent" were given more importance The post Raghuram Rajan’s next salvo: Don’t be euphoric on growth, India...
View ArticleConstitutional rights of expression and religion non-negotiable: Jayant Sinha
Sinha asserted that the Constitution is a "social and philosophical" document. The post Constitutional rights of expression and religion non-negotiable: Jayant Sinha appeared first on Firstpost.
View ArticleRs 66,000 crore question: Why are banks slow to deal with wilful defaulters?
On Tuesday, the government informed in Parliament that the total number of wilful defaulters of Public Sector Banks (PSBs) escalated from 5,554 to 7,686 for the period December '12-December '15 with...
View ArticleLok Sabha passes Bankruptcy code; Will this change life for Indian banks?
The Lok sabha, on Thursday, passed the Bankruptcy Bill, which promises banks, which promises to enable banks faster winding up of troubled companies and recover money before the value of the underlying...
View ArticleCorporate NPAs in sarkari banks double in 3 yrs; can new Bankruptcy law offer...
In just 3-years, the corporate Non-Performing Assets (NPAs) of sarakari banks more than doubled as a percent of total corporate loans, going by the information provided by Minister of state of finance,...
View ArticleIndia received $40.82 billion foreign direct investment till December 2015
Foreign Direct Investment (FDI) inflows stood at USD 40.82 billion till December in the fiscal 2015-16, Parliament was informed today. The post India received $40.82 billion foreign direct investment...
View ArticleGovt to examine PSBs’ capital requirements for FY17, says Jayant Sinha
On the IDBI stake sale, Sinha said the transformation process is underway The post Govt to examine PSBs’ capital requirements for FY17, says Jayant Sinha appeared first on Firstpost.
View ArticlePM Modi to hold interactive session with taxmen at Revenue Gyan Sangam
Prime Minister Narendra Modi will hold an interactive session with the top brass of the two revenue collection arms of the government — CBDT and CBEC — during a first-of-its-kind 'Rajasva Gyan Sangam'...
View ArticleOil price luck may be waning for Modi govt; here’s what it should do without...
The government needs to work seriously on finding a solution for the kerosene subsidy problem as well The post Oil price luck may be waning for Modi govt; here’s what it should do without delay...
View ArticleSBI gets cabinet nod to merge 5 associate banks with itself
The merged entity will create a banking behemoth, which can compete with the largest in the world with an asset base of almost Rs 37 lakh crore, with 22,500 branches and 58,000 ATMs as on December 2015...
View ArticleGovt, RBI keeping close eye on possible fallouts of Brexit, says Jayant Sinha
Global policymakers have raised alarm over the 23 June British referendum as fears of a Brexit has rattled financial markets The post Govt, RBI keeping close eye on possible fallouts of Brexit, says...
View ArticlePM Modi wants taxpayer base to double to 10 cr, asks taxmen to remove fear of...
The Income Tax Department has 42,000 officers, yet only 8% of the revenue come from scrutiny of returns The post PM Modi wants taxpayer base to double to 10 cr, asks taxmen to remove fear of harassment...
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