Tag: Finance Ministry
17 Results
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Government cuts windfall tax on crude, hikes duty on Jet Fuel and diesel
However, Export duty on ATF and diesel has been hiked Rs 2 on each. Earlier there was no export duty on ATF. Now it will be charged Rs 2 per litre according to new directions.
August 19, 2022 -
NRI held for forging Finance Ministry doc to stay proceedings against company
Sharma said that Parikh has been taken in police custody and further investigation to trace remaining accused persons is in progress.
March 29, 2022 -
‘Gold Bonds’ next series to be issued at Rs 5,109 per gram
The bond is issued by the Reserve Bank on behalf of the government.
February 25, 2022 -
Finance Ministry denies reports of manipulation by DGGI in Peeyush Jain case
it is made out as if the department has agreed with the deposition of Shri Peeyush Jain and finalised the tax liability accordingly, the note further added.
December 30, 2021 -
IT Dept. conducts searches on jewellery exporter
The yield of cut and polished stones is suppressed and part of it is sold in cash, generating unaccounted income which is not recorded in the books of accounts.
December 1, 2021 -
Centre releases about Rs 8400 as health sector grant to states
The Finance Commission, in its report for the period from 2021-22 to 2025-26, has recommended a total grant of Rs.4,27,911 crore to local governments.
November 13, 2021 -
Government extends deadline for availing GST amnesty scheme
The filing of forms GSTR-3B and GSTR-1/IFF by companies using electronic verification code, instead of the digital signature certificate has already been enabled for the period from April 27 to August 31. This has been further extended to October 31.
August 30, 2021 -
Visible signs of economic revival since late May: Finance Ministry
The Monthly Economic Review for July, released by the Department of Economic Affairs (DEA), noted that the robust recovery in tax collections cushions the fiscal towards meeting the budgeted support to the economy.
August 10, 2021 -
Cairn arbitration: Govt says no communication on French asset seizure
The company is targeting assets abroad of more state-run companies in a bid to recover dues from the government.
July 8, 2021 -
Govt brings Dept of Public Enterprises under Finance Ministry
The shift of DPE to the Finance Ministry will help in efficient monitoring of the capital expenditure, asset monetisation and financial health of the Central Public Sector Enterprises (CPSEs).
July 7, 2021 -
Finance Ministry responds to claims of alleged black money held by Indians in Switzerland
The ministry also pointed out that India and Switzerland are signatories to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAAC) and both countries have also signed the Multilateral Competent Authority Agreement (MCAA), and in view of the existing legal arrangement there doesn't seem to be a significant possibility of the increase of deposits in the Swiss banks.
June 19, 2021 -
Finance Ministry relaxes spending norms to boost capital expenditure
To enable ministries/departments expedite capital expenditure, it said, the cash management guidelines issued by the Ministry of Finance under the OM of 2017 have been relaxed.
April 24, 2021 -
NSDL shortlists Additional Secretary in FinMin for top job
NSDL provides infrastructure that handles most of the securities held and settled in dematerialised form in the Indian capital market.
March 18, 2021 -
17 states implement ‘One Nation One Ration Card system’
In a statement the Finance Ministry said the states completing One Nation One Ration Card system reform are eligible for additional borrowing of 0.25 per cent of Gross State Domestic Product (GSDP).
March 12, 2021 -
GST compensation shortfall released to states touches Rs 1L Cr
Seventeen rounds of borrowings have been completed so far starting from 23rd October, 2020.
February 20, 2021 -
Rs 5,000 cr more sent to states for meeting GST compensation shortfall
Amount of Rs 4,597.16 crore has been released to 23 states and an amount of Rs 402.84 crore has been released to 3 Union Territories.
February 16, 2021 -
Centre to infuse Rs 3,000 cr in PSU general insurers in Q4 FY21
The infusion will be done after the supplementary demands for grants is passed by parliament which will reconvene on March 8.
February 15, 2021