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Jaitley advocates hike in income tax exemption limit

Last Updated: Saturday, April 05, 2014, 00:12

Jaitley sought immediate implementation of the Goods and Service Tax.

BJP favours GST: Modi

Last Updated: Saturday, March 29, 2014, 10:36

The Gujarat Chief Minister said the states had concerns related to their finances which the Centre should deal with sympathetically.

Hopefully next govt will implement GST: Montek

Last Updated: Sunday, March 23, 2014, 22:17

Planning Commission Deputy Chairman Montek Singh Ahluwalia Sunday exuded confidence that whoever forms the next government would be in a position to implement key reforms, including the Goods and Services Tax (GST).

BJP favours GST: Narendra Modi

Last Updated: Thursday, February 27, 2014, 21:05

BJP's Prime Ministerial candidate Narendra Modi Thursday said his party was in favour of bringing in the Goods and Services Tax (GST) but claimed it was the central government that had not done the preparation required for its implementation.

RBI's focus is to bring down inflation: Raghuram Rajan

Last Updated: Monday, February 24, 2014, 19:16

Reserve Bank of India Governor Raghuram Rajan on Monday said the central bank's focus is to bring down inflation to boost investor confidence.

GST reform likely to be implemented after elections: UBS

Last Updated: Sunday, January 12, 2014, 13:49

"The introduction of the GST is a key reform measure that could have immense macro implications for India's growth potential," the UBS report noted.

Govt yet to decide on retrospective taxation issue: Shome

Last Updated: Saturday, January 11, 2014, 20:27

Shome said that the government was working on a resolution which would be applicable to all companies facing this problem.

No resolution to Vodafone tax dispute; DTC, GST still in limbo

Last Updated: Thursday, December 26, 2013, 14:21

Besides Vodafone, several other major MNCs like Nokia and Shell too were locked in tax dispute with the revenue department.

India Inc happy with new laws in 2013; expects further reforms

Last Updated: Thursday, December 26, 2013, 12:32

The Indian industry was pleased with the government pushing through key legislations on Land Acquisition, Lokpal and Companies Act in 2013 and expects that the much awaited ones, including the GST, DTC and Insurance Bills to pass the muster soon.

Implementing GST to benefit food processing industry: Pawar

Last Updated: Thursday, December 19, 2013, 15:45

Agriculture Minister Sharad Pawar on Thursday said the processed food industry is facing problems due to the existing tax regime and hoped the implementation of the proposed GST would benefit the sector.

India to hit 6% growth next fiscal, better H2 in FY14: Montek

Last Updated: Friday, November 29, 2013, 14:55

Planning Commission Deputy Chairman Montek Singh Ahluwalia Friday said India can achieve 6 percent economic growth next fiscal and that the second half of this fiscal could be better than the first.

Petroleum and alcohol should be kept out of GST

Last Updated: Monday, November 18, 2013, 15:55

The Empowered Committee of state finance ministers on Monday unanimously decided to keep petroleum and alcohol out of the proposed Goods and Service Tax stating that these were the main sources of income for states.