Page 25 - Vrishti Beniwal

DBT makes slow progress

Only Rs 45 cr transferred to accounts in 100 days

CRISIL cuts FY14 GDP growth forecast to 6%

Maintains growth forecast for agriculture but expects industry, services to grow at lower rate

Less than Rs 1,300 transferred per account through DBT

However, this number is reflective of only Aadhaar-enabled accounts; total amount transferred would be much higher

Private banks eye a bigger share of agricultural loan business

North block detectives

The author goes behind the scenes to find out how Finance Ministry is digging into tax discrepancies

Stamp papers may come with 1-yr validity

The validity period is being proposed to address the issue of forgery

Chidambaram to meet bankers today

The FM would ask executive directors of PSBs to strengthen banking infrastructure in the 78 districts where DBT is to be extended

Annual turnover threshold for GST set to be Rs 25 lakh

Dealers with up to Rs 60-lakh turnover could opt out with 1% levy

Finance Ministry relaxes govt banks' staff promotion norms

Finance ministry gives bank boards the flexibility to decide whether the stipulated tenure of rural/semi-urban experience should be continuous or in parts

Record excise duty evasion of Rs 2,500 cr detected in FY13

Authorities have also detected service tax evasion of Rs 4,152 crore involving 851 cases in 2012-13, as against Rs 4,019 crore from 452 cases in the previous year

Centre, states to warm up to GST

The two-day Mussoorie meet on May 10-11 may discuss tax rates, CST

L&T, ONGC sub-contractors evade Rs 300 cr service tax

The subcontractor neither claimed service tax from its clients ONGC and Oil India, nor did it deposit it with the govt

Amnesty, sops of Rs 3,000 cr in Foreign Trade Policy

Engineering, textiles likely to be focus areas of FTP to be unveiled on April 18

FY13 direct tax mop-up short of RE by Rs 17k cr

Keeping Centre's fiscal deficit at 5.2% of GDP could become difficult, Revenue Deficit surely to miss target

Tax dept wants to count your cash

The department may also seek the details of vehicles, aircraft, yachts and boats owned by individuals

An inflated phone bill may get you an I-T notice

I-T dept plans a different set of parameters to identify more people not paying dues properly

Area-based excise exemption clarified

Such area-based exemptions are provided in hilly regions of Uttarakhand and Himachal Pradesh

Regulators exist only to protect consumers: B N Srikrishna

Interview with FSLRC Chairman

FSLRC for financial law review every 3 years

Also suggests judicial review of regulations

EPFO-NPS turf war: Companies tread neutral ground

The NPS is wooing subscribers from the private sector, earlier a domain of the EPFO