In a bid to provide relief to contractors amid the fast-evolving West Asia situation, the government has allowed them to invoke ‘Force Majeure’ in view of disruptions, recognising “war” as a valid trigger under procurement rules.
The study was conducted by an independent third-party research agency in consultation with the National Payments Corporation of India (NPCI).
While the 2026-27 fiscal year's economic growth forecast marks a slowdown from the current fiscal's 7.4 per cent projected growth, the Economic Survey of India asserts that the country's economic growth remains resilient, driven by strong domestic demand amidst a fragile global economic environment.
The Ministry of Finance imposed an additional excise duty on cigarettes and other tobacco products, effective February 1, 2026.
On the principle of "One State One RRB", the Department of Financial Services, Ministry of Finance, has consolidated 26 RRBs across 11 States/UTs, effective from 1 May 2025.
. The total gross additional expenditure sought amounts to Rs 1.32 lakh crore, of which Rs 90,812 crore is proposed to be met through internal adjustments, including savings within ministries, higher receipts and recoveries.
The Central Board of Direct Taxes (CBDT) has acted upon many intermediaries involved in filing income tax returns with bogus claims of deductions and exemptions under the Income Tax Act, the Ministry of Finance said on Saturday.
In Gujarat, the 2nd installment of Untied Grants for the Financial Year 2024–25 amounting to Rs 522.20 crore has been released for all 38 District Panchayats, 247 eligible Block Panchayats, and 14,547 eligible Gram Panchayats of the state.
Notably, in August, through a memorandum, DFS introduced a one-time, one-way switch facility for Central Government employees who have already opted for UPS, allowing them to revert to the NPS.
In an exclusive interview with India Today, she shed light on the upcoming GST 2.0, set to be launched on September 22.
