Islamabad Pakistan's Finance Minister Muhammad Aurangzeb said on Thursday the government hoped to reach a deal with the IMF this month to secure a new bailout package, and claimed talks with the global lender were progressing "positively." .Dollar-hungry Pakistan is turning its back on the...
New Delhi, The Supreme Court on Tuesday resolved a slew of pleas attacking the legality of different state governments collecting clearance fee/border taxes and gave liberty to the petitioners to approach the jurisdictional high courts for relief.A bench of Justices Vikram Nath and Satish...
Accordingly, CNG price will increase from Rs 73.50 per kg to Rs 75 per kg, and domestic PNG rate will increase from Rs 47 per scm to Rs 48 per scm inclusive of all taxes for Mumbai and surrounding areas.The latest increase is attributed to meeting the increasing volume of CNG-PNG demand and...
“Dimapur, the financial capital of the state, borders Assam. And all kinds of people live here, which gives rise to illegal activities like extortion, illegal taxes and crimes,” the Chief Minister said during an official function.The Chief Minister said that the government is concerned about...
Kolkata, Measures are needed to curb speculative trading and develop a long-term investment culture, said Nilesh Shah, part-time member of the Prime Minister's Economic Advisory Council (EAC-PM).Shah, also CEO of Kotak Mahindra Asset Management Company Ltd, highlighted how long-term equity...
Brussels [Belgium], The European Commission (EC), in a bid to counter China's attempts to capture European markets, has imposed additional tariffs to maintain healthy competition in the EU electric vehicle market.The additional taxes will be imposed on battery electric vehicles (BEVs) made in...
New Delhi: The Center has sacrificed a large chunk of Goods and Services Tax (GST) revenue, up to 1 per cent of GDP, every year since the implementation of the new indirect tax regime to fund a 14 percent compensation guarantee. percent provided to states, former chief economic advisor Arvind...
"Under Labour, every working family would pay £2,094 in tax," he warned in a post on Ax.UK PM said: "Labour Party candidate Keir Starmer is in favor of higher taxes and weaker borders."Earlier, the Conservative Party leader had warned that if Starmer becomes Prime Minister, all illegal...
Islamabad [Pakistan], Former PML-N leaders Shahid Khaqan Abbasi and Misftah Islamil, who recently formed their own party, on Monday criticized the federal budget for lacking reforms and being a burden on the salaried class, the daily reported Pakistan-based Dawn.Abbasi and Islamil demanded...
Bengaluru (Karnataka) [India], Karnataka Chief Minister Siddaramaiah on Monday emphasized on the distribution of net tax revenues to be shared between the Center and States, and allocation among States of respective shares of such income.The Karnataka CM also claimed that states were not...
Islamabad, Pakistan's traders welcomed the new fiscal year on Monday with protests against rising taxes and electricity bills, as resentment against new tax measures in the budget was brewing across the cash-strapped country.Parliament approved a heavily tax-laden budget for the year 24-25 on...
Karachi [Pakistan], Jamaat-i-Islami (JI) chief Hafiz Naeemur Rehman on Monday announced a protest in Islamabad on July 12 against "high taxes and exorbitant electricity tariffs," the Karachi-based daily reported. Pakistan, Dawn.The JI announced its Haq Do Awam Ko (give rights to the masses)...
New Delhi: The Goods and Services Tax (GST), which completed seven years of implementation on Monday, has brought happiness and relief to every household through reduced taxes on home appliances and mobile phones, the Finance Ministry said on Monday.The GST, which includes around 17 local...
New Delhi, Introduced seven years ago, the Goods and Services Tax (GST) has simplified compliance, improved fiscal buoyancy and increased states' revenues, but fake invoices and fraudulent registration remain a major challenge for those responsible of policies that try to stop tax evasion...
A government notification issued on Saturday evening said Agarwal, a 1988 batch Indian Revenue Service (IRS) officer, will hold the post till June 2025."The Appointments Committee of the Cabinet has approved the appointment of Ravi Aggarwal, Member, Central Board of Direct Taxes, as Chairman...
Kolkata, Bandhan Bank on Friday said it has launched a facility for online collection of direct taxes, which will help its customers and others to pay taxes seamlessly across India.As an RBI-appointed agency bank, it also accepts offline payments through its 1,700 branches, the lender said in...
In Nairobi [Kenya], Kenyan President William Ruto on Wednesday withdrew the controversial bill to increase taxes that sparked massive violent protests across the country in which 27 people died, CNN reported.Ruto's decision not to sign the finance bill came after violent clashes broke out in...
The state government has increased non-residential taxes in non-residential areas by up to three times.Subhash Patwari, president of Bihar Chamber of Commerce and Industries, said that the unexpected increase in taxes in this sector is not at all practical on the ground. The state government...
In New Delhi [India], Union Home Minister Amit Shah said on Monday that Prime Minister Narendra Modi introduced Goods and Services Tax to give relief to citizens and the Center is determined to bring in more reforms to improve the lives of citizens...
New Delhi, Union Home Minister Amit Shah on Monday praised Prime Minister Narendra Modi for implementing the Goods and Services Tax (GST), which he described as effective in reducing prices of domestic goods and said the NDA government is committed to bringing it down. Is. More reforms to...