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Several forecasting agencies also share optimism as they have upwardly revised their growth estimates for India for 2023-24

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 […]

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 […]

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 […]

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 […]

Interest now earned from contributions above thresholds will be treated the same way as interest earned by term deposits in banks

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

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

Under GST, businesses with an annual turnover of up to Rs 40 lakh are exempt from the tax.

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.

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

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.

Finance Minister Nirmala Sitharaman in the Budget 2021-22 had announced a sharp increase in capital expenditure and provided Rs 5.54 lakh crore.

Given the increasing pressure on businesses, it would be imperative to extend the NCLT moratorium until December 2021, the Assocham said in its representation to the Finance Ministry

In the Revised Estimates (RE) for 2020-21, the target was set at Rs 9.89 lakh crore.

The Budget allocated Rs 20,000 crore towards the recapitalization of PSBs to help them consolidate their financial capacity.

This reflects steadfast confidence of foreign investors in the fundamentals of the Indian economy, the Finance Ministry said in a statement

The government had revised the interest rates on small savings with effect from April 1, which has now been rolled back.

Foreign Portfolio Investors (FPIs) had made a net investment of Rs 2,332 crore on February 24, 2021.

Infusion will be made in the next few days, the sources said, adding the biggest beneficiary of this round of capital infusion would be the banks that are under the prompt corrective action