Snehal khanna Blog

While talk of land bank monetisation has been around for over a decade, little has been done by way of a fully structured policy and its consequent implementation BUDGET NEWS  :           As India's Finance Minister is days far from offering finances 2018, there are two key issues that he should deal with to boost funding and growth inside the usa. they may be: Non-tax sales from land bank monetisation of public establishments, and complete tax-exempt status for profits from debt devices issued through actual property funding Trusts (REITs) and Infrastructure funding Trusts (InvITs) in India. The finances ought to pay attention to non-tax resources of revenues mainly that allows you to partially monetising the land banks of large public establishments consisting of the Indian Railways and the Airport Authority of India (AAI). Land bank monetisation solves two core problems for India -- lack of available land for inf...

Govt insisted on quoting Aadhaar for bank deposits, obtaining mobile phone and several other utilities to weed out benami deals and black money LATEST NEWS : The government has made biometric identification Aadhaar mandatory for all post office deposits, PPF, the National Savings Certificate scheme and Kisan Vikas Patra. Existing depositors have been given time till December 31, 2017, to provide the 12-digit unique identification number. Ministry of Finance has issued four separate Gazette notifications making Aadhaar mandatory for opening all post office deposit accounts, Public Provident Fund (PPF), National Savings Certificate scheme and Kisan Vikas Patra deposits. "Provided that where Aadhaar number has not been assigned, the depositor shall submit proof of application for enrolment for Aadhaar," the notification dated September 29 said. Existing depositors who have not provided Aadhaar number at the time of application for such deposit "sh...

Many traders are making profits by imposing GST on pre-GST price, the state Finance Minister said Latest news : The Kerala government on Thursday said stern action will be taken against those hiking prices of commodities following the launch of Goods and Services Tax (GST). Chief Minister Pinarayi Vijayan said the government viewed the present increase in prices of commodities very seriously. The government has already established a mechanism to file complaints on increase of prices of commodities, he said in a press release. He added that Kerala has already raised the issue before the Centre. Earlier, state Finance Minister T M Thomas Isaac urged the central government to take steps to check tendency in trade and business to make undue profits following the launch of the GST. Kerala wants the Centre to set up an anti-profiteering authority at the national level, he said. In a letter to his counterpart at the Centre, Arun Jaitley, Isaac claimed that though...

Govt has given 3 months time to reprint revised MRPs under the Packaged Commodities: Paswan tweeted Latest news : The government on Tuesday warned that legal action will be initiated against manufacturers for not printing the revised MRP post rollout of the GST. Food and Consumer Affairs Minister Ram Vilas Paswan said the government has given three months time till September to reprint the revised maximum retail price (MRP) with the implementation of the landmark Goods and Services Tax (GST) . In a series of tweets, Paswan said that prices of some commodities have fallen, while some have increased with the implementation of GST. "Fall in prices due to lower GST should be passed on to consumers. ...The government will take legal action against vendors not declaring revised MRP after GST," he said. The revised rates should be displayed on commodities so that consumers are aware what is the MRP of each item after GST, he added. "The government has given...

As many as 2.07 crore taxpayers have already linked their Aadhaar with PAN. Latest news : The government has made it mandatory to link existing Aadhaar numbers with PAN of taxpayers with effect from July 1. Amending income tax rules and notifying the same, the government has made quoting of the 12-digit biometric Aadhaar or the enrolment ID a must at the time of application of permanent account number (PAN). Finance Minister Arun Jaitley through an amendment to tax proposals in the Finance Bill for 2017-18 had made Aadhaar mandatory for filing income tax returns and provided for linking of PAN with Aadhaar to check tax evasion through use of multiple PAN cards. The revenue department said "every person who has been allotted PAN as on July 1, 2017, and who in accordance with the provisions of sub-section (2) of section 139AA is required to intimate his Aadhaar number, shall intimate his Aadhaar number to the principal director general of income tax (systems) or D...

The funding, expected to materialise in 3 weeks, to help push firm's banking and finance investments Alibaba-backed online marketplace company Paytm , which is in a rapid expansion mode, is in talks for a fresh round of funding for investment in banking and finance, besides other expansion plans. The company, it is learnt, is looking to raise around Rs 12,000 crore from Japan’s SoftBank, in the single-largest investment in an e-commerce company. The funding, it is believed, could materialise within the next three weeks, though Paytm Founder and Chief Executive Officer Vijay Shekhar Sharma did not comment on it. Read this : Paytm parent One97 set to raise over $1.8 billion from SoftBank: report Paytm, in tie-up with MMTC’s Swiss venture PAMP SA, on Thursday launched a wealth-management platform that allows you to invest in gold for as low as Re 1, in the first such initiative anywhere in the world. It announced the launch of ‘Digital Gold’, a vertical to allow i...