Ex-servicemen meet FM Jaitley, seek changes in OROP notification New Delhi: A delegation of ex-servicemen on Sunday met Finance Minister Arun Jaitley and submitted a memorandum seeking “corrections” in the One Rank One Pension (OROP) notification, as their protest on the issue entered the 203rd day. “A five-member delegation met the Finance Minister … [Read more...] about Ex-servicemen meet FM Jaitley, seek changes in OROP notification
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Arun Jaitley
7TH PAY COMMISSION REPORT: Pay Panel bonanza:Boon or bane?
7TH PAY COMMISSION REPORT: Pay Panel bonanza:Boon or bane? On November 19 when Justice AK Mathur submitted the 900-page Seventh Pay Commission report to Finance Minister Arun Jaitley there were smiles on the face of 48 lakh Central Government employees and 55 lakh pensioners. However, amid all the ecstasy and celebrations, economists are divided in their opinion over the … [Read more...] about 7TH PAY COMMISSION REPORT: Pay Panel bonanza:Boon or bane?
Arun Jaitley on OROP – Annual pension revision do not happen anywhere in the world
Arun Jaitley on OROP – Annual pension revision do not happen anywhere in the world “For the first time, a clause in OROP was openly rejected. The Finance Minister has refused to give annual increment for pensioners like servicemen get.” “The task of the finance minister is very much like the housewife’s. She has to spend each and every rupee wisely to make sure that there … [Read more...] about Arun Jaitley on OROP – Annual pension revision do not happen anywhere in the world
Government proposes income tax benefits for credit and debit card payment
Government proposes income tax benefits for credit and debit card payment New Delhi: The government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money. FM Jaitley, in his budget speech, had said that the government would … [Read more...] about Government proposes income tax benefits for credit and debit card payment
Black money bill passed; Government warns those having illegal assets
Black money bill passed; Government warns those having illegal assets New Delhi: A bill to deal with black money stashed abroad was passed by Parliament today with government warning those having such assets to utilise the ‘compliance window’ or have sleepless nights once the global automatic information exchange system comes into effect in 2017. Finance Minister Arun … [Read more...] about Black money bill passed; Government warns those having illegal assets
Black Money Bill passed in Lok Sabha
Black Money Bill passed in Lok Sabha New Delhi: The bill, which provides for penalty and tax up to 120 percent along with criminal prosecution for those who have parked black money abroad, was passed in the Lok Sabha on Monday. Finance Minister Arun Jaitley, who moved the bill in the Lok Sabha, asked the opposition not to develop ‘cold feet’ in supporting the … [Read more...] about Black Money Bill passed in Lok Sabha
Government to soon bring bill to curb benami transactions
Government to soon bring bill to curb benami transactions New Delhi: A new Benami bill, aimed at curbing generation of domestic black money, will soon be brought before the Cabinet, government told the Lok Sabha today. “As regards the Benami Bill, the redrafted Act is at a very advanced stage… A more modern Benami bill has been drafted. It will reach the … [Read more...] about Government to soon bring bill to curb benami transactions
Non-implementation of One Rank One Pension: Parlimentary panel slams government
Parlimentary panel slams govt for non-implementation of OROP in Armed forces Taking the government to task on the issue of implementation of One Rank, One Pension (OROP) scheme for the personnel retiring from the Armed forces, a parliamentary panel today asked the Centre to work out an amicable solution "within stringent timeframe at the earliest". The Standing Committee … [Read more...] about Non-implementation of One Rank One Pension: Parlimentary panel slams government
Finance Minister Jaitley to meet officials again to keep Income Tax Return forms simple
FM Jaitley to meet officials again to keep Income Tax Return forms simple New Delhi: Facing criticism over the new Income Tax Return (ITR) forms that seek details on bank accounts and foreign trips, Finance Minister Arun Jaitley will hold another round of meeting with officials to simplify the procedure. Soon after his trip from Washington yesterday, Jaitley had … [Read more...] about Finance Minister Jaitley to meet officials again to keep Income Tax Return forms simple
Income Tax Exemption Limit Raised by Rs.50,000 – Does it meet the Central Government employees’ expectations?
Income Tax Exemption Limit Raised by Rs.50,000 – Does it meet the Central Government employees’ expectations? Finance Minister Arun Jaitley announced that the Income Tax exemption limit for individual taxpayers, below the age of 60 years has been raised from Rs. 2 lakhs to Rs. 2.5 lakhs. The General Budget 2014-15 presented by the Union Finance Minister Shri Arun Jaitley … [Read more...] about Income Tax Exemption Limit Raised by Rs.50,000 – Does it meet the Central Government employees’ expectations?
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