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Latest Articles in finance ministry

FinMin Releases Rs 686 Crore To Four States As ULB Grant

The grants are meant to ensure the provision of additional funds to urban local bodies over and above the funds allocated by the Centre and state for sanitation and drinking water under the Centrally Sponsored Schemes.

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GST Collections Touches Rs 1.16 Lakh Cr In July, 33% More Than 2020: Ministry of Finance

The gross GST revenue collected in the month of July 2021 is Rs 1,16,393 crore of which CGST is Rs 22,197 crore, SGST is Rs 28,541 crore

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Finmin Invites Entries For New DFI's Name, Logo

The ministry had carried out a similar exercise for choosing the name for the flagship financial inclusion programme of the government -- 'Pradhan Mantri Jan Dhan Yojna' -- in 2014.

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No Of Wilful Defaulters Rises To 2,494: FM

RBI has further apprises that the total number of unique wilful defaulters reported by PSBs was 2,017 as on March 31, 2019, 2,208 as on March 31, 2020 and 2,494 as on March 31, 2021

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FinMin Moves File For Extension Of 3 Mds, 10 Eds Of Govt-Owned Banks

The sources said the ministry has also recommended the Department of Personnel and Training (DoPT) for extension of 10 executive directors (EDs) of various public sector banks.

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Customer Deposits Held In Swiss Banks Not Necessarily Located In Switzerland: Swiss Authorities Tell Finmin

The finance ministry had sought details from the Swiss authorities on the relevant facts along with their view on possible reasons for changes in funds parked by Indian individuals and entities in 2020.

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Crude Palm Oil Imports Rise 10 % During Apr 1-Jul 12, Customs Ensuring No Clogging At Ports: FinMin

To facilitate trade and expedite the clearances, nodal officers have been nominated in all the customs zones and a standard operating procedure has also been put in place for smooth clearance.

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Need Food, Farm, Fertilizer Subsidy Reforms To Improve Fiscal Position: Finance Secy

He added, reforms in education and infrastructure are easy to announce but difficult to implement administratively as cooperation of states and other stakeholders becomes necessary.

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Govt Waives Import Duty On Raw Materials For Covid Test Kits, Apis For Amphotericin B

The rate on Remdesivir and anti-coagulants like Heparin is lowered from 12 per cent to 5 per cent. GST rate on ambulance was cut to 12 per cent from 28 per cent.

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CCEA Clears LIC Disinvestment; Panel Headed By FM To Decide Quantum Of Stake Sale

The Budget amendments to the LIC Act has been notified and the actuarial firm is expected to finalise the embedded value of the life insurer. Under the embedded value method, the insurance company's present value of future profit is also included in its present net asset value.

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Pankaj Chaudhary Takes Charge As Minister Of State For Finance

Chaudhary, a six-time MP, was inducted in the Council of Ministers of the Modi 2.0 government on Wednesday.

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Economy Recovering Due To Targeted Fiscal Relief, Rapid Vaccination: Finmin

Resilient tax collections of the central government in the first two months of FY 2020-21 and sustained momentum in capital expenditure, particularly in the road and rail sector

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Govt Brings Dept Of Public Enterprises Under Finance Ministry

The government has budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions during 2021-22.

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OECD-G20 Global Tax Deal: India Says 'Consensus Agreement' Likely By October

The Finance Ministry said majority of the members of OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (including India) adopted on Thursday a high-level statement containing an outline of a consensus solution to address the tax challenges arising from the digitalisation of the economy.

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GST 4th Anniversary: Finmin To Issue Appreciation Certificates To 54,439 GST Payers

The income tax department too sends out 'certificates of appreciation' to individual taxpayers in various categories on the basis of the level of taxes paid by them.

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