43rd GST Council Meet: The GST Council discussed many key issues including tax waivers on COVID-19 medicines, medical equipment and vaccines as well as compensation to states
GST Council Meet Highlights: Import of COVID relief items, Amphotericin-B exempted from IGST
43rd GST Council Meet: The Council has decided to exempt the import of relief items even if they are purchased, if these are meant for donating to the government, or on recommendation of any state government to any relief agency. This exemption is extended till August 31, 2021, FM said
BusinessToday.In | May 28, 2021 | Updated 21:10 IST
The 43rd GST Council meeting, chaired by Finance Minister Niramla Sitharaman, has just concluded. The council met for the first time in around eight months; the last meeting was held in October last year.
Government pegs borrowing at Rs 7.24 lakh crore in April-September
The central government’s fis.cal deficit at the end of February worked out to be 76 per cent of the revised estimate. The deficit stood at Rs 14.05 lakh crore
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NEW DELHI: The government will stick to its borrowing target announced in the Union Budget 2021-22 and will borrow Rs 7.24 lakh crore or 60 per cent of the full-year target in the first half of financial year 2021-22. According to the Budget, the government’s gross borrowing was estimated at Rs 12.05 lakh crore in the financial year starting April 1.
Tenure of CBDT chairman extended for three more months
Updated:
Updated:
February 28, 2021 22:14 IST
This is the third extension granted to P.C. Mody, a 1982 batch Income Tax cadre officer IRS
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P.C. Mody, Chairman of CBDT. File
| Photo Credit: twitter.com/ @IncomeTaxIndia
This is the third extension granted to P.C. Mody, a 1982 batch Income Tax cadre officer IRS
The Centre on Sunday extended the tenure of P.C. Mody, Chairman of CBDT, for three months effective from March 1 till May 31.
This is the third extension granted to Mr. Mody, a 1982 batch Income Tax cadre officer of Indian Revenue Service (IRS). Earlier, his tenure was extended by six months in last August and before that for one year in August 2019.
Updated Feb 17, 2021 | 06:30 IST
Earlier this month, Finance Minister Nirmala Sitharaman presented a Rs 34.5 lakh crore-budget for 2021-22 in the backdrop of the coronavirus pandemic. Finance Minister Nirmala Sitharaman. (File photo) | Photo Credit: BCCL
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday explained the government s priorities to the Reserve Bank of India s central board during their first meeting after the presentation of the Union Budget 2021-22.
As per the tradition, the finance minister holds customary meeting with the board members of the RBI and the Securities and Exchange Board of India (Sebi) after Budget presentation every year.
The finance minister addressed the 587th RBI central board meeting and informed the members about the key initiatives in the Budget and the priorities of the government, RBI said in a statement.