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Business
Rabi Crops sowing crosses 541 Lakh Hactare
As per preliminary reports received from the States, the total area sown under Rabi crops as on 01st January, 2015 stands at 541.12 lakh hectares.
Wheat has been sown/transplanted in 271.46 lakh hectares, pulses in 128.24 lakh hectares,…
Smart City Plans throw up a range of vision statements
Smart City Plans for 95 cities received in the Ministry of Urban Development have thrown up a variety of vision statements ranging from becoming clean and green to being a multi-functional tribal hub.
A perusal of Smart City Plans of 50…
India’s External Debt at US$ 483.2 bn at end-September 2015
Department of Economic Affairs, Ministry of Finance, Government of India has been compiling and releasing quarterly statistics on India’s External Debt for the quarters ending September and December every year. Now it has released Report on…
PAN to be mandatory for transactions above Rs.2 lakh
In yet another bid to curb generation of black money, quoting of the income tax Permanent Account Number (PAN) would be mandatory for cash transactions above Rs.2 lakh from January 1, 2016.
“The government received numerous representations…
Calendar for Auction of Government of India Treasury Bills
After reviewing the cash position, the Government of India, in consultation with Reserve Bank of India (RBI), has decided to notify the amounts for the issuance of Treasury Bills for the quarter ending March 2016 as under:
The…
India inks Inter-Governmental Agreement with USA, to implement FATCA
An Inter-Governmental Agreement between India and USA was signed for implementation of Foreign Account Tax Compliance Act (FATCA). The Government of India has also joined the Multilateral Competent Authority Agreement (MCAA) for Automatic…
Government of India puts MTDS in Public Domain
The Government of India, in consultation with the Reserve Bank of India (RBI), has placed in public domain Medium-Term Debt Management Strategy (MTDS). The strategy has been articulated for a period of three years (2015-16 to 2017-18).…
India signs Financing Agreement with World Bank for US $50 Million
A Financing Agreement for IDA credit of US$ 50 million (equivalent) for the “Nai Manzil- Education and Skills Training for Minorities” was signed here with the World Bank. The Financing Agreement was signed by Mr. Raj Kumar, Joint…
State Govts seize over 1,12,545 MT Pulses under de-holding Operations
A per reports received from the State Governments, till yesterday, 1,12,545.96 MT pulses seized under de-holding operations have been auctioned or offloaded through other options in the market to increase availability. This will help to…
Electronic Filing of First Appeal before CIT (appeals)
It is the endeavour of the Income tax Department to digitise various functions of the Department for providing efficient taxpayer services. As another significant step in this direction, electronic filing of appeal before CIT(Appeals) is…