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"finance-ministry"

  • Government issues high alert on fraudsters sending fake e-mails to extort money

    The fraudsters have used different e-mail addresses for sending the aforementioned fake e-mails with attachments.
  • No new Income Tax changes from April 1, 2024: Finance Ministry

    New Tax Regime (Section 115BAC(1A)) Introduced in Finance Act 2023, Contrasts with Old Regime sans Exemptions
  • Income Tax Department uncovers tax underpayments, sets March 15 deadline

    The Income Tax Department Gathers Financial Transaction Data from Various Sources.
  • Finance Ministry holds high-level meeting to expedite recovery of debt

    The meeting was attended by Chairpersons of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery Tribunals (DRTs).
  • Sovereign Gold Bonds 2023-24 (Series IV) subscription open Feb 12-16

    Payment for the Bonds can be made via cash (up to Rs 20,000), demand draft, cheque, or electronic banking.
  • GST collection rises 10 pc to over Rs 1.62 lakh cr in September 

    Gross GST collection rose 10 per cent to over Rs 1.62 lakh crore in September, crossing the Rs 1.6 lakh crore mark for the fourth time during current financial year.
  • Govt exempts ‘Bangalore Rose’ onion from export duty

    The government has exempted export of 'Bangalore Rose' onion from duty, subject to certain conditions
  • Finance Ministry soothes concerns about RBI data showing decrease in household cash savings

    The savings figure for 2021-22 was also scaled down to 7.2 per cent of GDP from 7.6 per cent of GDP (and as much as 8.3 per cent of GDP, as per RBI's first estimates released in September 2022).
  • Finance Ministry to kick-start pre-budget meetings from Oct 10

    The Budget for the current fiscal had projected a nominal growth rate of 10.5 per cent, while the fiscal deficit was pegged at 5.9 per cent of the gross domestic product (GDP).
  • FinMin initiates Budgetary exercise for 2024-25; seeks inputs from various ministries

    The Finance Ministry has initiated the process to prepare the interim Budget for 2024-25 by inviting inputs on expenditure from different ministries and departments.
  • Price pressure in food items to be transitory; elevated inflation warrant greater vigil: FinMin

    Finance ministry on Tuesday said price pressure on food items is expected to be transitory, with tomato prices seeing a decline
  • Economic Review: Global uncertainty and domestic disruptions to sustain high inflation

    The review highlighted the government's proactive steps to curb food inflation, anticipating relief as fresh stock arrives to alleviate price pressures.
  • Govt imposes 40 per cent export duty on onion to improve local supplies

    The government on Saturday imposed a 40 per cent duty on the export of onions to check price rise and improve supplies in the domestic market
  • Ukraine authorises nationalisation of Russia-linked bank

    Ukrainian Finance Ministry will assume temporary control of the bank and attract private investors after the end of martial law.
  • Govt urges taxpayers to file returns as July 31 deadline won’t be extended

    The government has urged the taxpayers to file their income tax returns before July 31, 2023 to avoid the last minute rush
  • Net direct tax mop-up grows 16 pc to Rs 4.75 lakh crore so far this fiscal

    Direct tax collections rose 15 per cent to reach Rs 5.17 lakh crore till July 9, against the corresponding period of last year
  • No evidence suggesting slowdown in Indian economy: Finance ministry

    Several forecasting agencies also share optimism as they have upwardly revised their growth estimates for India for 2023-24
  • UPI services to remain free, announces finance ministry

    New Delhi: The Government of India won’t levy any charges on UPI (Unified Payments Interface) services. After reports circulated online that there may be the possibility of UPI transactions carrying a service charge, the finance ministry on Sunday denied the news. In a tweet, the finance ministry said that UPI would remain free. “UPI is […]
  • Telangana loan cap slashed despite strong finances

    Hyderabad: In what appears to be a politically-motivated move to stall Telangana’s development, the union Finance Ministry has reduced the State’s open market borrowing limit by Rs 19,000 crore for this fiscal. Telangana will be able to raise only Rs 34,970 crore in 2022-23 as against the Rs 53,970 crore Fiscal Responsibility and Budget Management […]
  • GST revenues soar 18 per cent to Rs 1.33 lakh crore in February

    New Delhi: Gross revenue collection from the Goods and Services Tax (GST) surged to Rs 1.33 lakh crore in February, posting an increase of 18 per cent year-on-year, the government data showed on Tuesday. The gross GST revenue collected in the month of February 2022 is Rs 1,33,026 crore of which CGST is Rs 24,435 […]
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