Ministry of Finance

FinMin, DoT, Niti Aayog discuss options for relief to telcos

Mon, Feb 24, 2020

Department of Telecommunications, the Finance Ministry and Niti Aayog on Sunday held a preliminary meeting to discuss relief measures for telecom industry, which is struggling amidst huge AGR dues.

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Lottery! Show your GST bill and win up to Rs 1 crore; here is how

Tue, Feb 11, 2020

Lottery: The bill will have to be uploaded on the GST portal to participate in the Lottery which has a prize on offer of up to Rs 1 crore.

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SBI Alert: Big move by Modi Government! State Bank of India to sell electoral bonds ahead of Delhi Assembly Elections 2020

Sat, Jan 11, 2020

SBI Alert: Just ahead of Delhi Assembly Elections 2020, the Narendra Modi Government has entrusted State Bank of India (SBI) to sell Electoral Bonds from 13th January 2020 to 22 January 2020.

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GST relief for circus, dance and theatrical performances

Wed, Feb 07, 2018

 These services earlier attracted GST @ 28%. Requests were received from several quarters that amusement parks promote social wellness and beget fun and learning for children and their families in a real active entertainment and therefore, the rate may be reduced to 18%.

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Indian gold demand wanes as jewellers expect import tax cut in budget

Tue, Jan 30, 2018

Gold prices in India, the world`s second-biggest user of the precious metal, were at discounts as jewellers were postponing purchases on the expectation that the government will announce an import tax cut in its annual budget on Thursday.

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GST revenue collections rise to Rs 86,700 crore in December; one crore taxpayers registered

Thu, Jan 25, 2018

The Ministry tweeted out that the total revenue collections under GST for the month of December 2017 amounted to Rs 86,703 crore, till 24th January, 2018.  

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Bitcoin not a legal tender in India, says Finance Minister Arun Jaitley

Tue, Jan 02, 2018

The Finance Minister of India has openly refuted the acceptance of Bitcoin as legal tender in India.  

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Did RBI consciously stop printing Rs 2000 currency notes?

Thu, Dec 21, 2017

If we look the RBI' annual report data closely, it indicates that the central bank printed heavily Rs 500 denominations but slowed down on Rs 2,000 denominations.

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After FinMin, I-T dept, SEBI too tightens noose around Bitcoin

Mon, Dec 18, 2017

The SEBI may come down heavily on illicit 'initial coin offers' seeking public investments with promise of high returns from Bitcoins in the absence of any regulatory regime.

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Aadhaar made mandatory for AMC clients from January 2018

Wed, Dec 13, 2017

The submission of Aadhaar details are required only for non-demat transactions on the BSE StAR MF Platform.

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Direct tax collections grow over 14% till November to nearly Rs 5 lakh crore

Sat, Dec 09, 2017

Tax collections from the start of the financial year to November 2017 have escalated as against the year ago period.  

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Govt names Shaktikanta Das as India's G20 Sherpa

Mon, Nov 27, 2017

"Former DEA secretary Shaktikanta Das @DasShaktikanta appointed India's G20 Sherpa till December 31, 2018, for the Development Track of the G20," the Ministry of Finance said in a series of tweets.

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GST collections dip in October to Rs 83,346 cr; 95.9 lakh taxpayers registered

Mon, Nov 27, 2017

 The Finance Ministry said that the states' revenues have been fully protected taking base year revenue as 2015-16, providing a projected revenue growth rate of 14%.

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Exclusive: India seeks hefty dividends from state firms as its revenues falter

Mon, Nov 13, 2017

The demand has been made following a finance ministry assessment on Oct. 25 of the financial health of 14 state companies, including top miner NMDC Ltd and trading firm MMTC Ltd, according to a government document reviewed by Reuters.

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7th Pay Commission: Revision in pay hike of FTII employees' gets green signal from govt

Wed, Nov 08, 2017

Union Cabinet on June 28, among many recommendations under the 7CPC, also approved raising the minimum pay from Rs 7,000 to Rs 18,000 per month and fitment factor to 2.57 times. 

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Demonetisation not one-stop solution to end corruption: Jaitley

Tue, Nov 07, 2017

"Demonetisation is not a one-stop solution to end corruption. It cannot be, but it did change the agenda. And that changed agenda is that we should go towards less-cash economy. Individual tax payers` number has increased, digital transactions have gone up and terror funding has squeezed," Jaitley said. 

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Direct Tax collections' reach 39.4% of FY18 Budget Estimates

Wed, Oct 11, 2017

 In the Union Budget 2017, the government has fixed direct collections target at Rs 9.8 lakh crore. So far, the govt has received Rs 3.86 lakh crore between April - September 2017. 

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62% taxpayers file final GST returns for July 2017; What happens to those who missed

Wed, Oct 11, 2017

GSTR-1 is a monthly return that summarizes all outward supplies by normal and casual registered taxpayers. The deadline to file this form ended on October 10, 2017. 

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Last day for filing GSTR-1 return for July 2017; Key details to remember

Tue, Oct 10, 2017

GSTR-1 is a 13 section form which needs to be filed by every registered dealer containing details of their sales transation for the month. 

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7th Pay Commission: Arrears on your revised minimum pay may soon stop

Mon, Oct 09, 2017

On June 28, 2017,  Finance Minister Arun Jaitley chaired Union Cabinet approved the recommendations under 7th Pay Commission with 34 modifications. 

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GST Council to continue rationalising rates: Pratap Shukla

Sat, Oct 07, 2017

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Sovereign Gold Bonds tranche-III issue opens on October 9

Sat, Oct 07, 2017

The government on Friday said the "Sovereign Gold Bonds 2017-18 -- Series-III" will open for public subscription from October 9 to December 27, 2017.

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Uday Kotak Committee suggests changes in corporate governance rules; Key changes

Fri, Oct 06, 2017

Sebi has introduced new norms  to safeguard and improve the performance of Independent Directors, related party transaction, listed companies and general meetings.

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