Chinese provinces mull tax reform
June 11th, 2012 - 7:35 pm ICT by IANS
Beijing, June 11 (IANS) China will initiate far-reaching tax reforms in nearly a dozen provinces and cities this year.The finance ministry has already approved a tax-reform application from Anhui province. ... Read more...
Posted in Business |
No need to panic on S&P; negative outlook: Mukherjee
April 25th, 2012 - 4:43 pm ICT by IANS
New Delhi, April 25 (IANS) The government is concerned about ratings agency Standard & Poor's (S&P;) lowering India's credit rating outlook but there is no need to panic, said ... Read more...
Posted in Business |
GST can boost economic growth by 1.5 percent: Adi Godrej
April 19th, 2012 - 8:09 pm ICT by IANS
New Delhi, April 19 (IANS) The roll-out of the Goods and Services Tax (GST) will boost economic growth by around 1.5 percent, Adi Godrej, president of the Confederation of Indian ... Read more...
Posted in Business |
Pakistani daily wants tough fiscal, tax reforms
April 13th, 2012 - 1:10 pm ICT by IANS
Islamabad, April 13 (IANS) The Pakistani government must implement "tough fiscal and tax reforms, improve governance and revamp the entire state structure simultaneously", said a leading daily as it sought ... Read more...
Posted in Business |
Britain unveils annual budget
March 21st, 2012 - 11:28 pm ICT by IANS
London, March 21 (IANS) British Finance Minister George Osborne Wednesday unveiled the budget for the 2012-2013 fiscal in parliament, announcing wide ranging tax reforms to reward work and support growth.Osborne ... Read more...
Posted in Business |
India to return to 8-9 percent growth: President (Second Lead) (With image)
March 12th, 2012 - 6:24 pm ICT by IANS
New Delhi, March 12 (IANS) The Indian economy will soon return to an eight-nine percent growth trajectory - from around seven percent projected for the fiscal ending March 31 ... Read more...
Posted in Business |
Panel proposes hiking income tax exemption limit to Rs.3 lakh
March 9th, 2012 - 8:36 pm ICT by IANS
New Delhi, March 9 (IANS) A parliamentary panel reviewing the Direct Taxes Code (DTC) bill has recommended raising the income tax exemption limit to Rs.3 lakh a year and ... Read more...
Posted in Uncategorized |
Stopping outsourcing would hurt both India, US: Pranab (Lead)
January 30th, 2012 - 8:05 pm ICT by IANS
Chicago, Jan 30 (IANS) Reacting to President Barack Obama's tirade against outsourching, Finance Minister Pranab Mukherjee has warned that if the United States stops outsourcing jobs to India the ... Read more...
Posted in World |
Obama begins re-election campaign, hits out at outsourcing (Lead)
January 25th, 2012 - 11:41 am ICT by IANS
Washington, Jan 25 (IANS) Virtually launching his re-election campaign, President Barack Obama hit out at "outsourcing" as he called keeping alive the American dream "the defining issue of our ... Read more...
Posted in Politics |
KPMG to offer training in tax laws at NIIT centres
January 5th, 2012 - 7:06 pm ICT by IANS
Bangalore, Jan 5 (IANS) Global consulting-cum-audit firm KPMG will offer training in taxation laws and regulations in collaboration with NIIT Imperia management institution to meet the growing need for ... Read more...
Posted in Business |
No free lunch: Pakistani daily on $5.5 bn aid
December 26th, 2011 - 1:36 pm ICT by IANS
Islamabad, Dec 26 (IANS) There is no such thing as a free lunch, a leading Pakistani daily said Monday on the $5.5 billion development aid granted by the World Bank.The ... Read more...
Posted in Business |
Direct tax code to come into force from April 2012: Pranab
December 7th, 2011 - 4:59 pm ICT by IANS
New Delhi, Dec 7 (IANS) The long-awaited Direct Tax Code (DTC) that seeks to simplify tax laws by lowering the tax rates and bringing more people and firms within ... Read more...
Posted in Business |
Bengal warns businessmen of action for not paying taxes
November 15th, 2011 - 6:02 pm ICT by IANS
Kolkata, Nov 15 (IANS) Observing that West Bengal had a low tax compliance rate, state Finance Minister Amit Mitra Tuesday urged the business community to cooperate with the government in ... Read more...
Posted in Business |
GST panel asks centre for more flexible approach
August 19th, 2011 - 9:41 pm ICT by IANS
New Delhi, Aug 19 (IANS) An empowered committee of state finance ministers Friday urged the central government to show more flexibility in its approach to ensure timely introduction of the ... Read more...
Posted in Business |
Gilani’s Independence Day speech lacked substance: daily
August 16th, 2011 - 12:28 pm ICT by IANS
Islamabad, Aug 16 (IANS) Prime Minister Yousuf Raza Gilani's Independence Day speech "lacked substance" and it betrayed "a scandalous apathy" to the problems Pakistan faces, said a Pakistani daily.The ... Read more...
Posted in Uncategorized |
‘Tax reforms in India lag behind growth’
June 20th, 2011 - 12:51 pm ICT by IANS
New Delhi, June 20 (IANS) Taxation reforms in India have not kept pace with economic growth, leading to the problems of tax evasion and money laundering and resulting in ... Read more...
Posted in Business |
Pranab to address international meeting on black money, tax reforms
June 12th, 2011 - 7:39 pm ICT by IANS
New Delhi, June 12 (IANS) Finance Minister Pranab Mukherjee will Monday open here a two-day international seminar on black money and tax reforms.The event is being organised by the ... Read more...
Posted in Business |
Pakistan among slowest growing South Asian countries: Daily
June 4th, 2011 - 12:53 pm ICT by IANS
Islamabad, June 4 (IANS) Pakistan is now among the slowest growing South Asian countries, said a leading daily as it noted that "India, Sri Lanka and Bangladesh are forging ahead".An ... Read more...
Posted in Business |
IMF considers Pak economic policymakers ‘cheaters and liars’: Ex-official
April 26th, 2011 - 5:03 pm ICT by ANI
Islamabad, April 26(ANI): The International Monetary Fund considers the economic policymakers of Pakistan to be 'cheaters and liars', the country's former representative in the IMF board, Dr Ehtisham Ahmad, has said.Addressing a ... Read more...
Posted in South Asia |
PM hopes inflation to come down in coming months
March 31st, 2011 - 10:37 pm ICT by ANI
New Delhi, Mar 31 (ANI): Stating that inflation has been a problem in the recent months, the Prime Minister, Dr. Manmohan Singh, on Thursday said he is hopeful of seeing lower ... Read more...
Posted in National |
Pak hiked IMF loan request on false premise of tax reforms: Official
March 30th, 2011 - 2:48 pm ICT by ANI
Islamabad, Mar 30(ANI): Pakistan's former International Monetary Fund representative Dr Ehitsham Ahmad has admitted that the IMF loan augmentation from 7.6 billion to 11.3 billion dollars was made on a false premise ... Read more...
Posted in South Asia |
Middle East events may push oil prices, inflation: Mukherjee (Lead)
March 22nd, 2011 - 5:17 pm ICT by IANS
New Delhi, March 22 (IANS) Finance Minister Pranab Mukherjee Tuesday warned of a spike in global fuel prices and domestic inflation as a result of the political uncertainties in ... Read more...
Posted in Business |
VAT up in Meghalaya, alcohol costly
March 21st, 2011 - 11:33 pm ICT by IANS
Shillong, March 21 (IANS) Alcohol is set to become dearer in Meghalaya as Chief Minister Mukul Sangma Monday presented a deficit budget for 2011-12 and proposed fresh taxes to bridge ... Read more...
Posted in Politics |
Mariwala takes over as FICCI president
March 3rd, 2011 - 9:13 pm ICT by IANS
New Delhi, March 3 (IANS) Harish C. Mariwala, chairman and managing director of consumer goods firm Marico Ltd, has taken over as president of the Federation of Indian Chambers of ... Read more...
Posted in Business |
FICCI to convince states for early GST roll-out
March 3rd, 2011 - 8:16 pm ICT by IANS
New Delhi, March 3 (IANS) A leading industry lobby said Thursday it would
try to convince state governments that the proposed goods and services tax (GST) is in the national ... Read more...
Posted in Business |
IMF to start critical review of Pakistan economy to decide further action
March 1st, 2011 - 5:45 pm ICT by ANI
Washington, Mar 1(ANI): Pakistan's financial managers and the International Monetary Fund (IMF) mission are set to start the much-awaited fifth review of the economy on Tuesday (today), upon whose successful completion Pakistan ... Read more...
Posted in South Asia |
Budgetary allocation doubled but mixed response in northeast (Lead)
February 28th, 2011 - 8:39 pm ICT by IANS
New Delhi/Guwahati, Feb 28 (IANS) The near-doubled budgetary allocation of Rs.8,000 crore (Rs.80 billion/$1.7 billion) for the development of the northeast by Finance Minister Pranab Mukherjee Monday has evoked mixed reactions, ... Read more...
Posted in Business |
Mixed response to budget in northeast
February 28th, 2011 - 7:58 pm ICT by IANS
Guwahati, Feb 28 (IANS) The budget for 2011-12 has evoked mixed response in the northeast, with industry captains and Assam's ruling Congress party terming it balanced, while the opposition described it as ... Read more...
Posted in Business |
IMF warns Pak Govt. to enforce tax reforms or lose much-needed funds
February 12th, 2011 - 6:33 pm ICT by ANI
Karachi, Feb 12(ANI): The International Monetary Fund (IMF) has categorically warned the Pakistan Government to enforce the controversial Reformed General Sales Tax (RGST), or the financial crisis-hit country will not get any ... Read more...
Posted in South Asia |
Top US lawmaker says Pak faces cut in aid unless it drastically increases tax rates
February 10th, 2011 - 3:27 pm ICT by ANI
Washington, Feb 10(ANI): US aid beneficiary nations, such as Pakistan, will have to shoulder more of the burden for their own growth as Washington eyes deep cuts in its overseas assistance, a ... Read more...
Posted in South Asia |
UK wants reforms across sectors for continued aid payment to Pak
November 15th, 2010 - 6:11 pm ICT by ANI
Islamabad, Nov 15(ANI): The United Kingdom has urged Pakistan to come up with credible and irreversible plans for reforms across sectors, including power, for continued growth in aid payment."Britain stands ready to ... Read more...
Posted in South Asia |
Pak to lose international funding if power sector not reformed, warns IMF
November 3rd, 2010 - 4:26 pm ICT by ANI
Islamabad, Nov 3(ANI): The International Monetary Fund (IMF) has warned Pakistan of an aid cut-off if the country fails to come up with a credible and irreversible plan to implement power sector ... Read more...
Posted in South Asia |
‘Pak to lose international funding in absence of credible future economic action plan’
November 1st, 2010 - 5:43 pm ICT by ANI
Islamabad, Nov 1(ANI): If the Pakistan government fails to initiate a credible future action plan during the Pakistan Development Forum, then friendly countries and international financial institutions would discontinue their support, diplomatic ... Read more...
Posted in South Asia |
Finance ministry hopeful of breaking GST deadlock
October 29th, 2010 - 8:59 pm ICT by IANS
New Delhi, Oct 29 (IANS) The finance ministry is hopeful of building a consensus on the goods and service tax (GST) as the Empowered Committee of State Finance Ministers met in Goa ... Read more...
Posted in Business |
DTC bill in current session, GST will be delayed
August 24th, 2010 - 7:50 pm ICT by IANS
New Delhi, Aug 24 (IANS) The government is likely to introduce the Direct Taxes Code (DTC) bill in the current monsoon session of Parliament, but the constitution amendment bill on GST ... Read more...
Posted in Business |