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Latest Articles in finance ministry

FinMin Invites Application For Post Of PFRDA Chairperson

The chairperson is entitled to a consolidated salary of Rs 4.50 lakh per month without facility of house and car, the finance ministry said while inviting application for the post

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Govt To Decide On Re-initiating BPCL Sale After Reviewing Situation: FinMin

In a written reply to the Lok Sabha, Minister of State for Finance Bhagwat Kishanrao Karad said the COVID pandemic, energy transition issues and geo-political conditions affected several industries globally, particularly the oil and gas industry

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Govt Is Taking Actions On Dubious Digital Apps Backed By Other Countries: FM

FM Nirmala Sitharaman informed the Rajya Sabha that the government is taking action against dubious digital loan apps, originating outiside India.

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Nirmala Sitharaman’s Remarks On Price Rise In LS Denial That Problem Exists: Congress

The Congress on Monday said Finance Minister Nirmala Sitharaman’s reply to the debate in the Lok Sabha on price rise was nothing but a “zero” and expectedly, a denial that a problem exists

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India Not Entering Into Recession Or Stagflation, Says Sitharaman

Nirmala Sitharaman, the finance minister, brushed off concerns that India would enter recession or stagflation

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Finance Department Negates Free Foodgrain Program

The Finance ministry stated that the Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) has not been extended beyond September as it is not advised by the department of expenditure

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UK Prime Minister Hopefuls Feud Over Tax & Spending Plans

The final two candidates in the race to succeed British Prime Minister Boris Johnson clashed on Monday in a televised debate, during which they tore into each other's tax and spending plans

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Trade Body Slams Opposition Parties Amid Monsoon Session

CAIT National President B C Bhartia and Secretary General Praveen Khandelwal said that this act of opposition to GST by opposition parties is nothing but saving their skins from the anger of traders

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Excise Duty On Petrol Will Be Completely Abolished: Finance Ministry

The additional excise duty of Re 1 on petrol and diesel will also no longer be applicable

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Inflation Will Be In Control, Says Nadhim Zahawi

Zahawi will vow in his first speech in his current job as Chancellor of the Exchequer in London to control inflation, boost private sector recovery, and develop a post-Brexit financial services policy, the finance ministry said

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Chidambaram Attacks Centre By Blaming Handling Of Economy Poorly

Former finance minister P Chidambaram blames the handling of issues like rupee falling, unemployment and increase in LPG price.

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Finance Ministry Seeks Industry Views On Changes In Monthly GST Payment Form

The GST Council in its meeting last month recommended that the changes in GSTR-3B or monthly tax payment form be placed in public domain for seeking inputs and suggestions of the stakeholders

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FinMin Pegs US Dollar Value At Rs 79.90 For Computing Import Duty

As regards euro, the conversion rate for calculating taxes on imported goods has been fixed at Rs 82.15 as compared to Rs 83.10 on June 16, it said

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FinMin Empanels 12 Transaction Advisers For Assisting In Implementation Of PPP Projects

Earlier, the government had launched VGF Scheme to provide financial support to PPPs for infrastructure projects that are economically justified but commercially unviable

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Neither Gift Cards Nor Mileage Points Are Digital Assets: FinMin

In the Finance Act of 2022, the government had instituted a new tax regime for virtual digital assets that provided for a 30 per cent tax without any set-offs for losses

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