Current Affairs

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Akhilesh Ranjan task force on Direct Tax Code submits Report to Finance Ministry

The task force, headed by CBDT member Akhilesh Ranjan, constituted by the Union government for drafting the new Direct Tax Code (DTC) has recently submitted its report to...

August 20, 2019

CBDT Hikes Monetary Limits for Filing of Appeals by Income Tax Department

The Central Board of Direct Taxes (CBDT) has significantly increased the limit for the income tax department to appeal disputes in higher forums. One of the reasons behind...

August 12, 2019

National Time Release Study

For the first time the Ministry of Finance conducting national Time Release Study (TRS) as part of its strategic commitment for improving global trade. Time Release Study TRS...

August 2, 2019

Debt Management and Monetary Policy in India

The discourse on the need to separate debt management and monetary policy is doing rounds for quite a time. The view was even endorsed by the committee on...

August 1, 2019

Rajiv Kumar appointed as new Finance Secretary of India

Rajiv Kumar, a 1984 batch Indian Administrative Service officer of Jharkhand cadre, has been appointed the new Finance Secretary. He succeeded Subhash Chandra Garg, who is currently the...

July 31, 2019

159th Income Tax Day (ITD-2019)

The Central Board of Direct Taxes (CBDT) has celebrated the 159th Income Tax Day i.e. Aaykar Diwas on 24th July 2019. The week preceding the Aaykar Diwas 2019...

July 24, 2019

The Bharatmala Project

The Indian Government had launched the Bharatmala Project to connect various parts of India which would maintain the flow of traffic of people and goods between places. What...

July 23, 2019

Shefali Juneja appointed as India’s representative in council of International Civil Aviation Organisation

Shefali Juneja, a 1992 batch officer of Indian Revenue Service (Income Tax cadre), has been appointed to the post of Representative of India in the council of International...

June 20, 2019

CEA Krishnamurthy Subramanian appointed part-time member in IBBI

Krishnamurthy Subramanian, Chief Economic Adviser (CEA) and B. Sriram, former managing director (MD) and chief executive officer (CEO) of Industrial Development Bank of India (IDBI Bank) were appointed...

June 12, 2019

Union Ministry of Finance launches Project Sparrow for online writing of Annual Performance Appraisal Report

The Union Ministry of Finance has launched Project Sparrow for online writing of Annual Performance Appraisal Report (APAR) in SPARROW (Smart Performance Appraisal Report Recording Online Window) for...

May 20, 2019

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