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India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter | Who is Sriram Krishnan, an Indian-American picked by Donald Trump as US AI policy advisor? | Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait

GST may have single standard rate between 12-18 percent: Jaitley

Dec 24, 2018, at 06:00 pm

New Delhi, Dec 24 (IBNS): Union Finance Minister Arun Jaitley on Monday said his government is working towards developing a single national sales tax rate.

Rates of over 100 goods under GST 28 per cent tax rate reduced, more changes expected

Nov 10, 2017, at 10:14 pm

Guwahati, Nov 10 (IBNS): The Goods and Services Tax (GST) Council, which has been holding its two-day meeting in Guwahati, reduced the tax rate of nearly 175 items from 28 per cent; however, 50 luxury and 'sin' goods, including tobacco, will remain in the highest slab, according to media reports on Friday.

GST Council reduces rates for 66 items in latest meeting

Jun 12, 2017, at 06:18 pm

New Delhi, Jun 12 (IBNS): Items like insulin, cashew nuts, pickles, school bags and several other items are set to get cheaper with the Goods and Services tax (GST) Council reducing the tax of 66 items, according to media reports on Monday.

PM Modi inaugurates African Development Bank Annual Meeting in Gujarat's Gandhinagar

May 23, 2017, at 06:55 pm

Gandhinagar, May 23 (IBNS): Prime Minister Narendra Modi, on Tuesday, inaugurated the Annual Meeting of the African Development Bank, in Gandhinagar, Gujarat.

Low tax benefits must be passed on to consumer at large, says FM Arun Jaitley

Apr 28, 2017, at 10:14 pm

New Delhi, Apr 28 (IBNS): Union Finance Minister Arun Jaitley, while addressing CII's Annual Meeting in New Delhi on Friday said that benefits of the growth should percolate down to the most poor sections of the society.

Five MOUs likely to be inked at the annual meeting of the New Development Bank

Mar 31, 2017, at 07:05 pm

New Delhi, Mar 31 (IBNS): The second Annual Meeting of the New Development Bank (NDB) began in New Delhi on Friday with the Meeting of its Board of Directors.

Rural, agriculture, allied sectors to get about Rs. 1,87000 crore in the Budget 2017-18 , 24 % higher than the previous year

Feb 01, 2017, at 09:20 pm

New Delhi, Feb 1 (IBNS): Union Finance Minister Jaitley said that the pace of construction of Pradhan Mantri Gram Sadak Yojana, (PMGSY) roads has accelerated to reach 133 km roads per day in 2016-17, as against an average of 73 km during the period 2011-2014.

Budget 2017: Five new special tourism zones proposed

Feb 01, 2017, at 07:16 pm

New Delhi, Feb 1 (IBNS): Finance Minister Arun Jaitley while presenting the Budget 2017 on Wednesday said that five special tourism zones will be created over the next financial year, according to media reports.

Jaitley begins Budget 2017 Speech, says demonetisation will improve GDP

Feb 01, 2017, at 05:04 pm

New Delhi, Feb 1 (IBNS): Indian Finance Minister Arun Jaitley began presenting the Union Budget 2017 at 11 am on Wednesday batting for the demonetisation policy of PM Modi after initial confusion on whether the budget would be postponed owing to the death of a lawmaker.

Becton, Dickinson & Co says Union Budget exudes optimism

Mar 01, 2016, at 03:21 am

New Delhi, Feb 29 (IBNS): Varun Khanna, Managing Director- BD (Becton, Dickinson & Co) India, a medical technology company, on Monday said Arun Jaitley's Union Budget exudes optimism and provides some encouraging measures to help India towards rural development, infrastructure, tax reforms, and structural transformation.

Nissan welcomes Union Budget's focus on maintaining fiscal deficit

Mar 01, 2016, at 01:06 am

New Delhi, Feb 29 (IBNS): Guillaume Sicard, President, Nissan India Operations on Monday welcomed Arun Jaitley's Union Budget for it's focus on maintaining fiscal deficit, agriculture, infrastructure development and recapitalizing of PSU banks.