New Delhi: Arvind Panagariya, the former Chairman of NITI Aayog, has been appointed as the head of the 16th Finance Commission. The current Joint Secretary of Finance Ritvi Ranjanam Pandey will retain his position as an officer on special duty for the “advance cell”, The former NITI Aayog Chairman left the think tank in August 2017…
New Delhi: The government’s fiscal deficit at the end of November stood at Rs 9.06 lakh crore or 50.7 per cent of the full-year budget estimate, according to data released by the Controller General of Accounts (CGA) on Friday. In absolute terms, the fiscal deficit — the difference between expenditure and revenue — was at…
New Delhi:: Personal income and corporate tax collections are likely to rise to more than Rs 19 lakh crore in 10 years of Prime Minister Narendra Modi-led government, providing more leeway to come out with people-friendly tax measures. Driven by the increasing income of individuals, net direct tax collections after adjusting for refunds increased from…
New Delhi: Having created businesses ranging from the world’s largest single-location oil refining complex to the nation’s largest mobile network operators in just a few years, billionaire Mukesh Ambani says his group Reliance Industries Ltd will never be complacent and will grow to be among the top 10 business conglomerates of the world. Addressing employees…
New Delhi: The top Congress leadership held a meeting with leaders of the party’s Andhra Pradesh unit on Wednesday to discuss the strategy for the upcoming Lok Sabha polls in the southern state. The meeting that was attended by Congress president Mallikarjun Kharge, former party chief Rahul Gandhi and other top leaders of the party comes…
New Delhi: Finance minister Niramala Sitharaman is scheduled to meet managing directors of public sector banks (PSBs) on Saturday to review the financial performance of lenders. PSU banks have earned a net profit of about Rs 68,500 crore during the first six months of the current financial year. The meeting is going to take stock of…
New Delhi: CPI(M) general secretary Sitaram Yechury has turned down an invitation to attend the inauguration of the Ram temple in Ayodhya, the party said on Tuesday while underlining its belief that religion is a personal choice. “Our policy is to respect religious beliefs and the right of each individual to pursue their belief. Religion is…
Bengaluru: Karnataka Chief Minister Siddaramaiah on Tuesday said that 1,400 new electric buses will be added to the Bengaluru Metropolitan Transport Corporation by April next year. In the first phase, he flagged off 100 non-AC electric buses of the BMTC at Vidhana Soudha here. “So far, Karnataka women have undertaken 120 crore rides in state transport…
Amaravati: Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy and Governor S Abdul Nazeer on Monday conveyed Christmas greetings to everyone in the state where thousands celebrated the festival with pomp and gaiety. Reddy attended Christmas service at a Church of South India (CSI) church in Pulivendula in Kadapa district. He celebrated the festival…
New Delhi: Congress MP Karti Chidambaram on Saturday appeared before the Enforcement Directorate for his questioning in a money laundering case linked to the issuance of visas to some Chinese nationals in 2011, official sources said. The ED case stems from a CBI complaint. The agency recorded the statement of the 52-year-old MP from the Sivaganga…
