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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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Govt continues crackdown on gold smuggling with Rs 13 crore seizure

Govt continues crackdown on gold smuggling with Rs 13 crore seizure

Mon, Oct 17, 2016

20 bars of gold are of 1 kg each with foreign markings and of 995 purity.

Direct Tax collection rises to Rs 3.27 lakh crore till September: FinMin

Direct Tax collection rises to Rs 3.27 lakh crore till September: FinMin

Mon, Oct 10, 2016

As per the Ministry, till September, 38.65% of the Budget Estimates of direct tax fpr FY17 has been achieved.

Indirect tax collection rose by 25.9% in Sept: FinMin

Indirect tax collection rose by 25.9% in Sept: FinMin

Mon, Oct 10, 2016

Till September, 52.5% of the Budget Estimates (BE) of indirect taxes for the current financial year has been achieved, Ministry of Finance said.

Income Tax Dept to be "open" till midnight on Sept 30

Income Tax Dept to be "open" till midnight on Sept 30

Tue, Sep 27, 2016

Central Board of Direct Taxes (CBDT) will be open and working till midnight of September 30, 2016, it said in a statement.

Ministry of Finance names three members for MPC

Ministry of Finance names three members for MPC

Thu, Sep 22, 2016

The members of MPC is appointed for a period of four years but will not be eligible for re-appointment.

5th Tranche of SGB to cross Rs 820 crore, Ministry of Finance says

5th Tranche of SGB to cross Rs 820 crore, Ministry of Finance says

Thu, Sep 22, 2016

The fourth tranche of amassed the highest wealth so far of Rs 919 crore from investors.

India's external debt rises by 2.2% to $ 485.6 billion

India's external debt rises by 2.2% to $ 485.6 billion

Mon, Sep 19, 2016

“India’s external debt has remained within manageable limits in 2015-16 as indicated by the increase in foreign exchange reserves to debt ratio to 74.2%, the external debt-GDP ratio of 23.7%, and fall in short term debt to 17.2%, said Department of Economics.

Govt intelligence agency cracks gold smuggling racket worth Rs 2,000 crore

Govt intelligence agency cracks gold smuggling racket worth Rs 2,000 crore

Mon, Sep 19, 2016

This probably is the single biggest case of detection of gold smuggling by any agency in India.

Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra

Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra

Sun, Sep 18, 2016

Domestic rating agency Icra has said the decision to extend provisions of the Sarfaesi Act to loans given by non-banking finance companies will help bring down delinquencies and may result in cheaper funds for borrowers.

Income Tax return filing date extended to October 17

Income Tax return filing date extended to October 17

Mon, Sep 12, 2016

Earlier the due date of filing I-T returns were on September 30.

Sovereign Gold Bonds: RBI to accept applications for fifth tranche from today

Sovereign Gold Bonds: RBI to accept applications for fifth tranche from today

Thu, Sep 01, 2016

The bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices and NSE and BSE.

Direct tax collections surge 24% till July 2016

Direct tax collections surge 24% till July 2016

Tue, Aug 09, 2016

Direct tax collections amounted to Rs 1.59 lakh crore up to July 2016. Net collections of direct taxes is 24.01% up till July 2016.

Top 100 borrowers owe PSBs Rs 14 lakh crore: Govt

Top 100 borrowers owe PSBs Rs 14 lakh crore: Govt

Tue, Aug 09, 2016

Government today said the top 100 borrowers of public sector banks owe nearly Rs 14 lakh crore to them.

GST Bill may be sent to Lok Sabha for approval on Monday

GST Bill may be sent to Lok Sabha for approval on Monday

Fri, Aug 05, 2016

Once the amended Bill is approved by the Lok Sabha, it will be sent to the state assemblies.

GST Bill: A timeline of events since 2003

GST Bill: A timeline of events since 2003

Thu, Aug 04, 2016

The Ministry said that the bill was first discussed in the report of the Kelkar Task Force on indirect taxes.

GST Bill passed: When does it come into force?

GST Bill passed: When does it come into force?

Thu, Aug 04, 2016

After 16 years, India's biggest tax reform bill, GST Constitutional Amendment Bill was passed in Rajya Sabha on Wednesday. The bill was cleared post a unanimous vote in favour of the bill.

Govt generates over Rs 80,000 from cess charges in FY16

Govt generates over Rs 80,000 from cess charges in FY16

Tue, Aug 02, 2016

Minister of finance announced on Monday that the total amount of money generated from Education Cess, Swachh Bharat Cess and all other surcharges was Rs 81,008.47 during FY16. This was higher than the revenue generated in 2014-15 which amounted to Rs 74,801.41 by these taxes.

7th Pay Commission: You will get all arrears with your August salary!

7th Pay Commission: You will get all arrears with your August salary!

Fri, Jul 29, 2016

It is good news for one crore government employees and pensioners after all. The Government of India on Friday announced to pay its employees arrears arising from implementation of the 7th Pay Commission recommendations in one installment in August salaries.

Govt extends deadline for filing I-T returns to August 5

Govt extends deadline for filing I-T returns to August 5

Fri, Jul 29, 2016

The Government of India has extended the deadline for filing the income tax returns (ITRs) for people across India to August 5, 2016. Earlier the government had set July 31 as the deadline for filing the income tax returns (ITRs).

7th Pay Commission: Here's how you can calculate your revised salary

7th Pay Commission: Here's how you can calculate your revised salary

Tue, Jul 26, 2016

The government announced 23.55% overall hike in salaries, allowances and pension.

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