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Ministry of Finance

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

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.

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

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.

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

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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Income Tax Filing: What is Sahaj? Here's all you need to know about new ITR-1 Form

Income Tax Filing: What is Sahaj? Here's all you need to know about new ITR-1 Form

Mon, Apr 03, 2017

The ITR-1 Form, also called Sahaj (meaning easy in Hindi), is the Income Tax Return Form for salaried individuals.

CBDT simplifies ITR filing process from FY18

CBDT simplifies ITR filing process from FY18

Fri, Mar 31, 2017

CBDT in one of the major reforms, notified the designing of one page ITR form to simplify the process of tax filing.

EPFO may invest up to 15% of investable amount in equity markets

EPFO may invest up to 15% of investable amount in equity markets

Sun, Mar 19, 2017

Dattatreya said the EPFO through fund managers had invested 14,700 crore in ETFs in the current financial year.

Direct tax collection records growth of nearly 11% in April-February; indirect tax collection up 22%

Direct tax collection records growth of nearly 11% in April-February; indirect tax collection up 22%

Fri, Mar 10, 2017

The Government of India's net refunds of direct tax collection from April to February 2016-17 has risen 10.7% to Rs 6.17 lakh crore as compared to same period last year.

Can't disclose if Jaitley was consulted on notes ban: FinMin

Can't disclose if Jaitley was consulted on notes ban: FinMin

Sun, Mar 05, 2017

The Finance Ministry has taken refuge under the exemption clause of section 8(1)(a) of the Act to deny the information.

Gap between India's GDP and GVA widens further

Gap between India's GDP and GVA widens further

Thu, Mar 02, 2017

Teresa John of Nirmal Bang in a report said, “Our earlier estimates had assumed no significant difference between GVA and GDP as both had exhibited a converging trend in the earlier quarters. However, the CSO believes that higher indirect tax collection and lower subsidies have pushed up the indirect tax component of GDP, resulting in divergence between GVA and GDP. “

IRS officers seek PM's intervention for smooth roll-out of GST

IRS officers seek PM's intervention for smooth roll-out of GST

Sun, Feb 26, 2017

In a memorandum submitted to the Prime Minister's Office (PMO), the officers' body has also highlighted the serious security and financial concerns raised by the Comptroller and Auditor General (CAG) and the Home Ministry against the Goods and Services Tax Network (GSTN).

Applications for Sovereign Gold Bonds Series IV begin February 27

Applications for Sovereign Gold Bonds Series IV begin February 27

Thu, Feb 23, 2017

The Bonds will be issued on March 17, 2017, the Ministry said.

Further consolidation in PSU banks after improvement in bad loans: FinMin

Further consolidation in PSU banks after improvement in bad loans: FinMin

Tue, Feb 21, 2017

According to sources, the arrest of bankers by investigating agencies also came up during the meeting.

FinMin kickstarts listing process of three Rail PSUs

FinMin kickstarts listing process of three Rail PSUs

Mon, Feb 20, 2017

"The shares of Railway public sector enterprises (PSEs) like IRCTC, IRFC and IRCON will be listed in the stock exchanges," Jaitley had said in his speech.

Over 5.27 lakh taxpayers respond to IT department's 'Operation Clean Money '

Over 5.27 lakh taxpayers respond to IT department's 'Operation Clean Money '

Tue, Feb 14, 2017

"The explanation of cash deposit submitted by the taxpayer is being analysed in the context of nature of business and business profile in the earlier returns of the taxpayer," said the Ministry of Finance.

Finance Ministry appoints Sanjeev Sanyal as Principal Economic Adviser

Finance Ministry appoints Sanjeev Sanyal as Principal Economic Adviser

Fri, Feb 03, 2017

In 2007, Sanyal was awarded the Eisenhower Fellowship for his work on urban issues and was also honoured by the Singapore government at the World Cities Summit 2014.

Budget 2017: FinMin announces new benefits for NPS subscribers

Budget 2017: FinMin announces new benefits for NPS subscribers

Thu, Feb 02, 2017

Ministry of Finance said that in a bid to provide further impetus to the National Pension System (NPS), the government has introduced provisions in the Finance Bill 2017 in the Parliament today.

Here are 20 key Budget 2017 terms that you need to know

Here are 20 key Budget 2017 terms that you need to know

Wed, Feb 01, 2017

Here are 20 key Budget 2017 Glossary terms that you need to know before you watch FM Arun Jaitley's Union Budget speech on Wednesday.

Aim of demonetisation is to bring down real estate prices into the country, says CEA Arvind Subramanian

Aim of demonetisation is to bring down real estate prices into the country, says CEA Arvind Subramanian

Tue, Jan 31, 2017

India's Economic Survey 2016-17 has projected the country's real estate prices to fall further on account of the government's demonetisation announcement made on November 8, 2016.

Income Tax Department launches Operation Clean Money to verify demonetisation data with tax payers' filings

Income Tax Department launches Operation Clean Money to verify demonetisation data with tax payers' filings

Tue, Jan 31, 2017

India's Income Tax Department has launched Operation Clean Money on Tuesday to verify deposited demonetised notes with tax payer's IT filings.

Here are key highlights of Economic Survey 2016-17

Here are key highlights of Economic Survey 2016-17

Tue, Jan 31, 2017

India's Economic Survey 2016-17 has projected the country's economy to recover back to normal to six-and three-fourth percent to seven-and-half percent for 2017-18.

Committee has submitted FRBM report to FM Jaitley, says FinMin

Committee has submitted FRBM report to FM Jaitley, says FinMin

Mon, Jan 23, 2017

The Government will examine the submitted report and take appropriate actions, FinMin said.

Government's CPSE ETF receives bids of approximately Rs 12,000 crore

Government's CPSE ETF receives bids of approximately Rs 12,000 crore

Fri, Jan 20, 2017

The further fund offer (FFO) of CPSE has received bids of approximately Rs 12,000 crore over two and half times the base issue size of Rs 4,500 crore.

India attends international task-force meet on Panama Papers in Paris

India attends international task-force meet on Panama Papers in Paris

Fri, Jan 20, 2017

The Government of India announced on Friday of its participation in the Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC) meeting on Panama Papers held in Paris on January 16 and 17.

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