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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).
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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.
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Finance ministry on Tuesday said price pressure on food items is expected to be transitory, with tomato prices seeing a decline
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The review highlighted the government's proactive steps to curb food inflation, anticipating relief as fresh stock arrives to alleviate price pressures.
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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
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Ukrainian Finance Ministry will assume temporary control of the bank and attract private investors after the end of martial law.
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The government has urged the taxpayers to file their income tax returns before July 31, 2023 to avoid the last minute rush
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Direct tax collections rose 15 per cent to reach Rs 5.17 lakh crore till July 9, against the corresponding period of last year
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Several forecasting agencies also share optimism as they have upwardly revised their growth estimates for India for 2023-24
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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 […]
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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 […]
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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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New Delhi: GST revenue collected in December 2021 was over Rs 1.29 lakh crore, 13 per cent higher than the same month last year, the Finance Ministry said on Saturday. Though the collection was lower than Rs 1.31 lakh crore mopped up in November, December is the sixth month in a row when revenue from […]
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Interest now earned from contributions above thresholds will be treated the same way as interest earned by term deposits in banks
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Finance Ministry report suggested that maintaining a fast pace of vaccination and plugging the lags in the healthcare infra would be the most sustainable stimulus for economic recovery
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The gross GST revenue collected in the month of June 2021 stands at Rs 92,849 crore of which Central GST is Rs 16,424 crore, State GST Rs 20,397, Integrated GST Rs 49,079 crore
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Under GST, businesses with an annual turnover of up to Rs 40 lakh are exempt from the tax.
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At the company's annual shareholder meeting, Infosys had on Saturday stated that it is working to resolve the issues and has already succeeded on some fronts.
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Quoting data from Switzerland's central bank, PTI had reported on June 17 that funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions
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The grants are released as per the recommendations of the Finance Commission in monthly instalments to meet the gap in Revenue Accounts of states post devolution.
