As Centre cedes power to states in indirect tax, it wants to all ystaffers' worry of little work. Illustration: Uttam Ghosh/Rediff.com. Amid staff concerns over redundancy in the post-goods and services tax (GST) regime from the coming financial year, the Central Board of Excise and Customs (CBEC) is identifying new areas of work in international customs, risk assessment, post-clearance audits and taxpayer services, among others, to remain relevant. With limited administrative role under GST, ... Rediff.com, 2 weeks ago
A team led by Kolkata-born scientists has discovered a special sweet spot in the eye plays a crucial role in humans being able to to focus on computer screens and also read, an ability which is unique to Homo sapiens.Pallava Bagla reports.Illustration: Uttam Ghosh/Rediff.com Ever wondered why humans can read? A team led by Kolkata-born scientists has found that a special sweet spot in the eye called 'fovea' plays a crucial role in humans being able to to focus on computer screens and also ...Rediff.com, 1 week ago
March requires 20% jump to meet year's goal; CBDT chief tells staff to sweat it out to meet target Direct tax collection grew by 10.7 per cent in the first 11 months of this financial year (April 2016 till February 2017) over the same period a year before, less than the set target. The full-year target is Rs 8.47 lakh crore or 14.3 per cent more. With Rs 6.17 lakh crore collected in these 11 months, March has to see a 20-plus per cent growth to achieve the target. The subdued tax numbers were ...Rediff.com, 2 weeks ago
With big data analyses, your investments, spends and big purchases are being tracked more closely now by the income tax department, warns Tinesh Bhasin.Illustration: Uttam Ghosh/Rediff.com With sophisticated technology now at their disposal, the tax authorities are trying to be one step ahead of evaders. The income tax (I-T) department always had information at its disposal, using which it sent out notices to taxpayers. But most of these were looked at in silos. They are now using technology ...Rediff.com, 1 month ago
Irdai’s push will make insurance cheaper for consumers and enable a consolidated view of all policies. Illustration: Uttam Ghosh/Rediff.com. The Insurance Regulatory and Development Authority of India is giving the insurance sector a huge digital push that will make life easier for customers. After introducing the e-insurance account, it is now planning to make policies available at e-commerce platforms. The regulator’s e-commerce exposure draft, which was put up recently, has ...Rediff.com, 2 months ago
A digital economy can only work with uninterrupted electricity supply. So, states now face the unpleasant task of telling their citizens that electricity rates need to be hiked. Subhomoy Bhattacharjee reports. Illustration: Uttam Ghosh/Rediff.com To make mobiles work in villages to act as e-wallets, many states now face the unpleasant task of telling their citizens that electricity tariffs need to be raised by an annual average of 4 per cent from now, for at least the next two years. Yet, ...Rediff.com, 2 months ago
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