Wed, Mar 13, 2024
The Department of Financial Services (DFS), a division of the Finance Ministry has instructed all state-run banks last month to scrutinize their gold loan accounts granted after January 1, 2022.
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Wed, Jan 31, 2024
The finance ministry on January 30, notified the cut in duty on imports of components including screw, SIM socket, or other mechanical items of metal for cellular mobile phone.
Tue, Aug 22, 2023
In its Monthly Economic Review for July, the ministry said going forward, while domestic consumption and investment demand are expected to continue driving growth, enhanced provision for capital expenditure by the government in the current fiscal is now leading to crowding in of private investment.
Mon, May 30, 2022
Economic Affairs Secretary Ajay Seth on Monday said a consultation paper on cryptocurrencies has been finalised and it will be submitted soon
Wed, May 18, 2022
The Indian Ministry of Finance will clarify doubts on the applicability of new tax deducted at source (TDS) provision regarding benefits or perquisites received in a business or profession, a PTI report said on Wednesday quoting a senior tax official
Sun, May 01, 2022
Gross GST collection in April 2022 is all time high, Rs 25,000 crore more than the next highest collection of Rs. 1,42,095 crore, just last month
Thu, Mar 03, 2022
Keen to keep government deficit within stated targets, the finance ministry will from March 15 start daily monitoring of the revenue receipts, including tax collections, as well as expenditure.
Wed, Feb 16, 2022
Indian economy is projected to grow at the fastest pace among the league of large nations, according to the Finance Ministry's Monthly Economic Review. The report credits the fast pace of growth to various measures taken by the government in Budget 2022-23.
Tue, Feb 01, 2022
Finance Minister Nirmala Sitharaman today announced a slew of measures for the agriculture sector and the Indian farm communities. Use of Kisan Drones to be promoted for crop assessment. Chemical-free Natural farming to be promoted throughout the country, with focus on farmers' lands in 5-km-wide corridors along the river Ganga in the first stage, the FM further said
Mon, Jan 31, 2022
Neelachal Ispat has been running in huge losses and plant is closed since 30.3.2020.
Fri, Jan 28, 2022
The government on Friday appointed economist V Anantha Nageswaran as the Chief Economic Advisor (CEA).
Wed, Jan 19, 2022
The finance ministry has notified the 'e-advance rulings Scheme', enabling taxpayers to file their application for advance ruling through e-mail, a move that will majorly benefit non-resident assesses in such proceedings
Mon, Jan 10, 2022
Government inserted a new section 194P in Income-tax Act,1961 which provides that senior citizens above the age of 75 years, having only pension and interest income from accounts maintained with bank in which they receive pension will be exempted from filing ITR
Thu, Jan 06, 2022
In an important update, the Department of Expenditure, Ministry of Finance, today released a monthly Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore to 17 states.
Wed, Dec 22, 2021
Financial Services Secretary Debasish Panda on Wednesday suggested having one unified portal for grievance redressal with a view to further strengthen ease of governance.
Tue, Dec 07, 2021
The Ministry of Finance and Corporate Affairs have taken a number of initiatives and made a number of announcements this year. With the year 2021 coming to a close, let us glance through these initiatives and announcements.
Sun, Dec 05, 2021
The finance ministry on Sunday said over three crore income tax returns have been filed for the financial year 2020-21 so far and advised taxpayers who are yet to file their return to do so at the earliest.
Wed, Nov 24, 2021
The biggest account is of Videocon Oil Ventures, which has NPAs worth Rs 22,500 crore and the lead lender is SBI. Likewise, Amtek Auto has NPAs worth Rs 9014 crore, where Union Bank is the lead lender. Reliance Naval and Engineering which has NPAs worth Rs 8934 cr and the lead bank is IDBI Bank
Thu, Nov 11, 2021
The finance ministry has invited bids from asset valuers to assist the government in the strategic sale of Ferro Scrap Nigam Ltd (FSNL).
Tue, Nov 09, 2021
The Ministry of Finance has notified new coins of denomination 1,2,5,10 and 20. Zee Business reporter Ambarish Pandey has reported that these rules may be called the Coinage of One Rupee, Two Rupees, Five Rupees, Ten Rupees and Twenty Rupees Rules, 2021.
Sun, Nov 07, 2021
The finance ministry will soon start the process for the appointment of managing director (MD) and deputy managing directors (DMDs) of the newly set up Rs 20,000 crore development finance institution NaBFID, to catalyse investment in the fund-starved infrastructure sector.
Tue, Nov 02, 2021
As per the information provided by the Ministry of Finance, the new AIS includes additional information relating to interest, dividend, securities transactions, mutual fund transactions, foreign remittance information etc.
Sun, Oct 31, 2021
The Department of Financial Services (DFS), under the finance ministry, "vide its order dated October 29 advised broad guidelines to be adopted by all public sector banks (PSBs) on 'Staff Accountability
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