Breakdown of spirit of cooperative federalism at GST Council meetings: Bengal Minister

West Bengal Finance Minister Amit Mitra on Wednesday wrote to Union Finance Minister Nirmala Sitharaman alleging that there has been a steady breakdown of the spirit of cooperative federalism in GST Council meetings. “What pains me the most is the fact that the GST Council Meetings have become acrimonious, vexing and almost toxic with erosion … Read more

Cases against fugitives, economic offenders to be actively pursued: Nirmala Sitharaman – Times of India

NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday said the government will actively pursue cases against economic offenders to bring back defrauded money of banks. The remark came soon after the Enforcement Directorate (ED) said the Debts Recovery Tribunal (DRT) has sold shares worth over Rs 5,800 crore of United Breweries Limited (UBL) that were … Read more

Cases against fugitives, economic offenders to be actively pursued: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday said the government will actively pursue cases against economic offenders to bring back defrauded money of banks. The remark came soon after the Enforcement Directorate (ED) said the Debts Recovery Tribunal (DRT) has sold shares worth over Rs 5,800 crore of Limited (UBL) that were earlier attached under the … Read more

Moody’s cuts India’s growth forecast for 2021 to 9.6%

Moody’s said faster vaccination progress will be paramount in restricting economic losses to the current quarter Moody’s Investors Service on Wednesday slashed India’s growth projection to 9.6 per cent for 2021 calendar year, from its earlier estimate of 13.9 per cent, and said faster vaccination progress will be paramount in restricting economic losses to June … Read more

FM Nirmala Sitharaman asks Infosys to fix all issues on new I-T portal on priority; 5 glitches to be resolved in a week

The Ministry had received more than 700 emails from stakeholders detailing over 2,000 issues, including 90 unique issues/problems with the new portal Finance Minister Nirmala Sitharaman on June 22 asked Infosys to fix all issues on the new Income Tax portal immediately, while the software major said at least five technical glitches, including viewing past … Read more

Finance Minister Sitharaman meets Infosys officials, asks them to fix tech glitches on new I-T e-filing portal

Finance Minister Nirmala Sitharaman on Tuesday met with Infosys officials and reviewed the technical glitches that continue to hamper the new income tax e-filing portal. Sitharaman, along with Minister of State for Finance Anurag Thakur, Revenue Secretary Tarun Bajaj, CBDT Chairman Jagannath Mohapatra and other senior ministry officials discussed the issues facing the new portal … Read more

FinMin, Infosys meet on glitches in new I-T portal on Tuesday; to discuss stakeholder inputs

Two weeks since the much talked about new income tax return filing portal was launched, technical glitches continue to mar the site, an issue finance ministry officials will take up in a meeting with — the vendor which provided the IT solution — at a meeting on Tuesday. Several stakeholders have submitted written inputs highlighting … Read more

Government working on another stimulus package: Nirmala Sitharaman

“I have confidence in India’s growth story. We have to do mutual hand-holding as this is an unprecedented time,” said Finance Minister Nirmala Sitharaman in an interview with Times Now. Is there another so-called package that you want to announce because many countries across the world are giving cash in the hands of the people … Read more

Govt, Infyosys to meet with taxpayers – Times of India

NEW DELHI: An immediate resolution to the glitches on the new income tax (I-T) portal may not be in sight. Seven days after finance minister Nirmala Sitharaman flagged the concerns from users to tech major Infosys, the government on Tuesday said that it will meet company representatives along with auditors, consultants and taxpayers on June … Read more

Finance ministry officials to meet Infosys team on new I-T portal glitches

Senior finance ministry officials will hold an interactive meeting with team members responsible for providing information technology back up to the new income tax return filing portal, on issues and glitches being faced by taxpayers. The meeting will take place on June 22, from 11 am to 1 pm, and will include stakeholders including ICAI, … Read more