E-PaperPratap Shukla News
NPA under Mudra Yojana stands at ₹7,277 crore
Loans under PMMY can be covered under Credit Guarantee Fund for Micro Units CGFMU has been formed with the purpose of guaranteeing payment against default in micro loans
1 min read12 Feb 2019Loans, deposits by Indians in Swiss banks down 34.5% in 2017
There was a significant reduction in Swiss non-bank loans and deposits of Indians by as much as 80.2 per cent between 2013 and 2017, Minister of State for Finance Shiv Pratap Shukla said in a written reply to a question in Rajya Sabha.
1 min read8 Jan 2019Not considering any proposal to give more powers to RBI, says govt
The powers of the RBI are wide-ranging and comprehensive to deal with various situations that may emerge in all banks, Shiv Pratap Shukla said
1 min read8 Jan 2019GST, excise, service tax evasion of ₹48,555 crore detected during April-December
During the period, 8,917 cases of evasion of central excise, service tax and GST were detected involving an amount of ₹48,555 crore
1 min read8 Jan 2019Govt mops up ₹6.12 lakh crore indirect taxes in April-November
During April-November of the ongoing fiscal, the total net indirect tax collection (inclusive of CGST, IGST and GST-Compensation Cess) is ₹6,12,653.47 crore, Minister of State for Finance Shiv Pratap Shukla said
1 min read4 Jan 2019Orders issued against 9 businesses for not passing ₹560-cr GST rate cut benefits
In a written reply to a question in the Lok Sabha, Minister of State for Finance Shiv Pratap Shukla said the GST Council has recommended goods and services tax rate reduction in respect of 400 groups of goods and 96 groups of services.
1 min read4 Jan 2019GST evasion worth Rs38,896 crore detected during April-October
During the seven-month period, the CBIC recovered evasion worth Rs9,480 crore in GST, Rs3,188 crore in service tax, Rs1,600.84 crore in customs and Rs383.5 crore in central excise, the govt said
1 min read28 Dec 2018Centre, states differ over who will foot bill for MSME tax break
Proposal seeks to share financial burden between centre and states, which the latter are opposing
2 min read21 Aug 2018Ministerial group formed to consider tax relief for small businesses
GST Council decides to form a ministerial panel to examine a series of tax and compliance relief proposals for the benefit of MSMEs which form the backbone of the manufacturing sector, the rural economy
2 min read4 Aug 20181 July to be celebrated as GST Day
Union ministers Piyush Goyal and Shiv Pratap Shukla will preside over an event to mark one year of GST, says the finance ministry
1 min read30 Jun 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared