Revise the tax treaties with partner countries to enable the CBI and ED to use the data for prosecution

03-02-2017

Government is contemplating to revise the tax treaties with partner countries to enable the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) to use the data for prosecution of those who have stashed black money abroad. Treaty partner countries have been requested to modify the tax treaties, so as to explicitly include provisions that will enable information exchanged for tax purposes to be utilized for other purposes, including criminal proceedings in non-tax matters. 40 treaties for avoidance of double taxation have been revised accordingly. In addition, India has also signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, which also

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Auction for Sale (Re-issue) of Government Stocks
January 24, 2017

Government of India have announced the Sale (re-issue) of (i) “6.84 per cent Government Stock 2022” for a notified amount of  Rs. 2000 crore (nominal) through price based auction, (ii) “6.97 per cent Government Stock  2026” for a notified amount of Rs. 5,000 crore (nominal) through price base oud auction,   (ii) “7.73 per cent

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The Fiscal Responsibility and Budget Management (FRBM) Committee headed by Shri N.K. Singh presents its Report to the Union Finance Minister Shri Arun Jaitley today.
January 24, 2017

The Fiscal Responsibility and Budget Management (FRBM) Committee headed by Shri N.K. Singh, former Revenue and Expenditure Secretary and former Member of Parliament presented its Report to the Union Finance Minister Shri Arun Jaitley today in his (FM) office in North Block in the national capital.  Other Members of the Committee including Dr.

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The Central Government releases Special Central Assistance to various States
January 20, 2017

The Union Government has been assisting the State Governments and providing “Special Assistance” with a view to expediting their completion of area specific Schemes.  This assistance is provided in view of the Government of India’s commitment to fulfilling the development agenda in backward region notwithstanding the fact that the State

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