Page 3 - Finance Secretary

More can be allocated for Covid vaccination as policy evolves: Fin Secy

The government has earmarked Rs 5,000 crore in the next fiscal just for Covid vaccination of 15-17-year-age group and precautionary dose for senior citizens, Finance Secretary T V Somanathan said

Budget opted for lasting benefits, not temporary relief: TV Somanathan

I still hold the view that except for the poor, what is restraining consumption is activity restriction, which is not financial in its origin, says finance secretary

Bitcoin, Ethereum or NFT will never become legal tender: Finance Secretary

People investing in private crypto should understand that it is not having the authorisation of the government, says Finance Secretary T V Somanathan

Cryptocurrency to be taxed like gambling win, says top FinMin official

'We have now put in a taxation framework that treats crypto assets the same way we treat winnings from horse races, or from bets and other speculative transactions,' says Finance Secretary

Former finance secy Subhash Garg turns author; book to hit stands in Feb

Former finance secretary Subhash Chandra Garg will soon make his debut as an author with upcoming book, "The $10 Trillion Dream"

Central Vista: Govt constitutes panel for timely completion of projects

The central government has formed a five-member committee, headed by former finance secretary Ratan P Watal, to ensure timely completion of various projects being executed under the Central Vista redevelopment plan. In an office memorandum issued on Thursday, the Union Housing and Urban Affairs Ministry said the 'Central Vista Oversight Committee' will ensure multi-agency and stakeholder coordination for seamless integration of different project works. According to the document, Deputy CAG P K Tiwari, former director of L&T Shailendar Roy, IIT Delhi professor Mausam and ministry's joint secretary have been included in the committee. The redevelopment of the Central Vista, the nation's power corridor, envisages a new parliament building, a common central secretariat, revamping of the 3-km-long Rajpath from the Rashtrapati Bhavan to India Gate, new office and residence of the prime minister, and a new vice-president enclave. The ministry said that the five-member committee will meet

Need food, farm subsidy reforms to improve fiscal position: Finance Secy

Finance Secretary T V Somanathan on Tuesday underlined the need for improving the fiscal position of the government through reforms in farm, food and fertilizer subsidies

T V Somanathan named finance secy in place of Ajay Bhushan Pandey

Pandey superannuated in February this year

Constructive dialogue: Cairn CEO after meeting finance secy, tax officials

India is preparing to file an appeal against the award at The Hague

Cairn CEO meets finance secy over tax ruling, says meeting 'constructive'

He refused to comment on what transpired at the meeting

Budget not just about raising, lowering tax: Finance secretary A B Pandey

The Budget should not be seen only as an exercise where you increase or decrease taxes, but also where you provide stability of rates, says Pandey

Meet Team Sitharaman: Officials who are helping FM prepare Budget 2021

In today's episode, we are taking a look at the key officials involved in finalising the outline of the Budget. Listen to the podcast for more

Budget 2021 will address woes of affected sectors, says Finance Secretary

AJAY BHUSHAN PANDEY says litigants in more than 96,000 appeals - involving disputed amounts of Rs 83,000 crore - have opted for the Vivad Se Vishwas scheme, which has been extended by a month

Rs 1.27 trn I-T refunds made to individuals, businesses: Finance secretary

The income tax department now has a fully automated system of refunds payment directly going into the bank accounts of the taxpayers without manual intervention

E-invoicing to be extended to all firms from Apr 1 in phases: Finance secy

The IRN generation has grown by 163 per cent from October 1 - 7

Faceless approach in taxation to bring down compliance cost: Finance secy

The finance secretary said that the tax system was going to be entirely data-driven and seamless tax reforms would change the way taxes are paid in the country

Google tax 'very clear', no need for FAQs: Finance secretary A B Pandey

Finance Secretary Ajay Bhushan Pandey said FAQs are issued where you have to explain to somebody who is not familiar with tax laws and there you try to explain in simple words.

India staring at a GDP contraction of 10%, says former finance secretary

Lockdown 1 and 2 turned out to be extremely severe, though agriculture and government expenditure, which constitute about 25% of GVA, remained almost unaffected, writes Subhash Chandra Garg

Fiscal stimulus by FM is mostly credit oriented, says Subhash Chandra Garg

He said that the fiscal stimulus, by its very nature, is additional fiscal burden on the public finances

Salaried class excluded from TDS benefit to avoid tax burden: Govt

To boost short-term liquidity for businesses, the government on Wednesday reduced TDS and tax collected at source (TCS) rates for non-salaried payments by 25 per cent up to March 31, 2021