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Finance Bill 2016 News

RBI governor Raghuram Rajan

06 Jun 2016

Princeton economist backs Raghuram Rajan's second term at RBI

New Delhi: Backing a second term for RBI Governor Raghuram Rajan, leading Indian-American economist at Princeton University Avinash Dixit said the apex bank chief should have "full operational independence" when it comes to pursuing targets on employment, growth and inflation.

10 May 2016

Monetary Policy Committee: Govt to nominate 3 independent members soon

The Finance Ministry is in the process of nominating three independent directors to Monetary Policy Committee (MPC) which will fix the benchmark interest rate of the RBI and set inflation targets.

06 May 2016

Dividend tax only on dividend income above Rs 10 lakh

The new 10 percent Dividend Tax will be payable only on dividend income over and above Rs 10 lakh threshold in a year, according to an amendment to the Finance Bill 2016 approved by Lok Sabha.

06 May 2016

Black money compliance window disclosures to be kept secret

Disclosures made in the 4-month compliance window beginning June 1 for domestic black money holders to come clean will be kept secret, according to an amendment to the Finance Bill 2016 approved by the Lok Sabha.

Finance Bill 2016

05 May 2016

India can grow faster if there is good monsoon: FM Jaitley

Already the fastest growing major economy in the world, India can grow at an even faster pace this year if predictions of good monsoon hold up, Finance Minister Arun Jaitley said Thursday.

05 May 2016

Good monsoon to aid in accelerating economic growth: FM Jaitley

Finance Minister Arun Jaitley on Thursday said in Lok Sabha that good monsoon will aid in accelerating economic growth.

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