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, 2022The 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, 2022The 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, 2022The monthly economic review released by the Finance Ministry noted that as external pressures will diminish, inflationary pressures are expected to wear down.
September 17, 2022The 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, 2022The 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, 2022However, 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, 2022Sharma said that Parikh has been taken in police custody and further investigation to trace remaining accused persons is in progress.
March 29, 2022The bond is issued by the Reserve Bank on behalf of the government.
February 25, 2022it 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, 2021The 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, 2021The 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, 2021The 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, 2021The 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, 2021The company is targeting assets abroad of more state-run companies in a bid to recover dues from the government.
July 8, 2021The 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, 2021The 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