Ministry of Finane Current Affairs - 2019

Category Wise PDF Compilations available at This Link

61 Individuals Declared Annual Income of Over Rs 100 Crore

As per the information provided by Minister of State for Finance Pon Radhakrishnan to the Lok Sabha 61 individuals who declared an income of more than Rs 100 crore during the assessment year 2017-18. Even though the numbers have increased sharply from the 38 individuals reporting income over Rs 100 Crore in the previous assessment year, Read More…

Month:  Categories: Business, Economy & Banking

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NALCO Disinvestment: Government raises Rs 1200 crore

The Central Government has raised Rs. 1,200 crore by divesting 9.2% of paid-up capital in National Aluminum Company Ltd. (NALCO). With this disinvestment, Government’s shareholding in NALCO has become 65.37%. Disinvestment involves the sale of Government’s share in the Public Sector Undertakings. In disinvestment, the government sells only a part of the equity which is Read More…

Month:  Categories: Business, Economy & Banking

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Do away with the post of Revenue Secretary, merge CBDT, CBEC: Shome Panel on TARC

The government appointed Tax Administration Reform Commission (TARC), headed by Parthasarathi Shome, has recommended some radical reforms in tax administration which include: Abolition of the post of Revenue Secretary Amalgamation of CBDT and CBEC Broaden the use of Permanent Account Number (PAN) Avoid retrospective amendments to tax laws Income Tax Return should also include wealth tax Read More…

Month:  Categories: Business, Economy & Banking

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