Tag: Finance Ministry
17 Results
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Resilient demand to push economic growth, says October economic review
Global spillovers may dampen India's export businesses outlook, however, resilient domestic demand and a rejuvenated investment cycle as well as a strong financial system will push economic growth, as per the monthly economic outlook review for October released by the Finance Ministry on Thursday.
November 24, 2022 -
Interest rates for small savings schemes raised
The Centre has hiked interest rate for senior citizen savings scheme by 20 basis points from 7.4 per cent to 7.6 per cent, according to a Finance Ministry notification.
September 30, 2022 -
Govt to borrow Rs 5.92 lakh crore in second half of current fiscal
The government will borrow Rs 5.92 lakh crore, or 41.7 per cent of planned gross market borrowing of Rs 14.21 lakh crore for the current financial year, in the second half of the fiscal ending March 31, 2023, the Finance Ministry said in a statement on Thursday.
September 29, 2022 -
Economic growth to improve in coming months, says FinMin
The monthly economic review released by the Finance Ministry noted that as external pressures will diminish, inflationary pressures are expected to wear down.
September 17, 2022 -
Rs 7,183 crore of revenue deficit grant released to 14 states by centre
The central government on Tuesday released Rs 7,183.42 crore as a revenue deficit grant to 14 states including Andhra Pradesh, Kerala, Assam, Rajasthan and West Bengal.
September 6, 2022 -
GST collections stood at Rs 1,43,612 cr in Aug, jumps 28% year-on-year
The gross GST revenue collections in August witnessed a 28 per cent jump year-on-year, as they stood at Rs 1,43,612 crore during the month.
September 1, 2022 -
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