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About 26 results for "arun ghosh"

Arun Jaitley: 'In India, tax evasion the rule'
Rediff.com

Arun Jaitley: 'In India, tax evasion the rule'

'For the first month, we have only had 5.5 million who have paid the tax.''40 per cent have paid nil as tax; 95 per cent of the taxation for the first two months has come from only 400,000 assessees.''So even now, the tax-paying habit, of paying a marginal or negligible amount, or not paying anything at all, is quite prevalent,' reveals Finance Minister Arun Jaitley.Illustration: Uttam Ghosh/Rediff.com Unquestionably and historically, we have had one of the least efficient -- or sluggish, if I ... Rediff.com, 1 month ago
Rediff.com

'The medium-term correction isn't over still'

Avoid fresh investments, as there might be more opportunities in the coming months, market experts tell Joydeep Ghosh. Photograph: Arko Dutta/Reuters The BSE sensitive index, or Sensex, has seen a decent correction in the recent trading sessions. After falling 3.9 per cent in seven consecutive trading sessions, the benchmark index recovered a total of 0.4 per cent last Thursday and Friday. Experts, however, feel there is more correction to come because the worries that markets have, such as ...
 Rediff.com1 month ago
Rediff.com

GST Council will now meet on Oct 6

Petroleum Minister Dharmendra Pradhan's wish to levy indirect tax on petrol unlikely to be taken up Illustration: Uttam Ghosh/Rediff.com The Goods and Services Tax (GST) Council might not take up the issue of including petroleum under the new indirect tax system at its next meeting, which was advanced by a couple of weeks to October 6. The meeting is likely to take up the issue of problems affecting the GST Network (GSTN) and exporters’ concerns.   Just three months since the roll ...
 Rediff.com2 months ago
Rediff.com

Jaitley likely to announce his final full Budget on Feb 1

Like 2017-18, govt will seek comments from the public at large, including Facebook and Twitter Illustration: Uttam Ghosh/Rediff.com The finance ministry on Wednesday issued an official circular to begin the process of drafting the Union Budget for 2018-19. While no date was given as to when Finance Minister Arun Jaitley would table the Budget in Parliament, the document stated the final estimates for schemes and other expenditures should be decided by January 15, 2018.   The Budget is ...
 Rediff.com2 months ago
Rediff.com

GST: These items are likely to be cheaper from Friday

Only luxury and ‘sin’ items could be left in highest slab. 12 and 18 per cent slabs could be merged in the future. Illustration: Uttam Ghosh/Rediff.com Many commonly used items seem set to become cheaper, with the Goods and Services Tax (GST) Council expected to trim the number of items in the top slab of 28 per cent at a meeting on Friday in Guwahati.   Furniture, electric switches, shampoos, sanitary ware and handicrafts might be brought to 18 per cent, from 28 per cent now, ...
 Rediff.com2 weeks ago
Rediff.com

DeMo: Jaitley's Report Card

'It is common knowledge that cash is anonymous.''When demonetisation was implemented, one of the intended objectives was to put identity on the cash holdings in the economy.''With the return of Rs 15.28 lakh crore in the formal banking system, the almost entire cash holding of the economy now has an address.''It is no more anonymous,' says Arun Jaitley.Illustrations: Uttam Ghosh/Rediff.com November 8, 2016 would be remembered as a watershed moment in the history of the Indian economy. This day ...
 Rediff.com2 weeks ago
Rediff.com

2017-18 divestment proceeds may exceed Rs 72,500 crore

For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore. Illustration: Dominic Xavier/Rediff.com In the backdrop of expected tax revenue shortfall due to the Goods and Services Tax (GST) implementation and a possible spending stimulus to revive a flagging economy and create jobs, Finance Minister Arun Jaitley will depend on revenue heads like divestment to adhere to the fiscal deficit target ...
 Rediff.com3 weeks ago
Rediff.com

Thank God for DeMo, GST!

'Much as I have been enjoying the anti-GST jokes on WhatsApp and also worrying about the economy in a tailspin in more serious moments, there is a tiny part of me that is thankful to Modi and Jaitley,' notes Keya Sarkar.Illustration: Uttam Ghosh/Rediff.com In West Bengal, television channels start a countdown for the Pujas about a month-and-a-half in advance. The ticker at the corner of the screen tells you how many more days there are to go. Thanks to the Trinamool Congress regime, which has ...
 Rediff.com4 weeks ago

PK hits out at FIFA LOC for ignoring former India footballers

The legendary PK Banerjee today said it's an insult for Indian football that many top former players like Shyam Thapa, Prasun Banerjee and Subhas Bhowmick were not felicitated during the FIFA Under-17 World Cup opener in New Delhi earlier this month.He also ...
 Business Standard1 month ago
Rediff.com

How Big Brother Stole Diwali

Gone are the days of over-the-top Diwali parties, says Kishore Singh.This year round, the taxman is the invisible -- and unwanted -- guest at these once extravagant affairs.Illustrations: Uttam Ghosh/Rediff.com There is no shortage of black humour this festive season. "Been playing teen-patti?" "No, I don't have a GSTIN yet." The Goods and Services Tax is proving a helluva party-pooper as this conversation among guests proves. "Have you paid advance GST yet?" "No, I don't expect to win more ...
 Rediff.com1 month ago
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