Tue, Nov 21, 2023
Financial flows in the external sector need constant monitoring as they impact the value of rupee and the balance of payments, the report said, adding that a fuller transmission of the monetary policy may also temper domestic demand.
Thu, Nov 02, 2023
Cover Story: There is bumper demand all around during the festive season, and the government's coffers are getting filled as GST collection is increasing significantly.
Tue, Oct 31, 2023
India's fiscal deficit for the first six months (April-September) of the current financial year was Rs 7.02 lakh crore which works out to 39.3 per cent of the estimate for the whole year, according to government data.
Thu, Oct 06, 2016
The Cabinet has also given its permission to the merger of the Plan and the Non-Plan classification in the Budget and Accounts.
Wed, Oct 05, 2016
In about two years, the cell would be upgraded to a statutory public debt management agency.
"This interim arrangement will allow separation of debt management functions of RBI to PDMA in a gradual and seamless manner, without causing market disruptions. The PDMC shall be upgraded to a statutory PDMA, in about 2 years," it said.
Tue, Oct 04, 2016
In the first monetary policy review under RBI Governor Urjit Patel, the interest rate was today cut by 0.25%.
Fri, Sep 30, 2016
Index of Eight Core Industries comprising 38% of weight of items included in Index of Industrial Production (IIP) rose 3.2% in August 2016 as againt the same month of last year.
India's fiscal deficit for April to August 2016 period reached Rs 4,07,820 crore as against budgeted target of Rs 5,33,904 crore. Fiscal deficit in April-July period stood at Rs 3,93,487 crore.
Wed, Sep 28, 2016
The Indian government has sent out about 700,000 notices to suspected tax evaders to coax them to declare hidden income and assets, promising they won`t be pursued by the authorities if they pay a penalty now to clear their name.
Sun, Sep 25, 2016
The Finance Ministry has proposed that the Budget presentation be fixed for February 1.
Thu, Sep 22, 2016
With over 2 lakh applications for the Sovereign Gold Bond (SGB), the Reserve Bank of India (RBI) on Thursday shifted the issue date by a week to September 30 for "smooth" uploading of the subscriptions in its E-Kuber system.
He also accused certain Finance Ministry officials and as the Chairman of the GSTN of telling the press that the GSTN as presently constituted will continue without hindrance.
The council will decide on long pending issues of threshold limit for applicability of the tax as well as the limit for dual control between Centre and states.
Thu, Sep 15, 2016
Indian Rupee (INR) fell to its two-week low of Rs 67.065 as media reports suggested that Indian Government might look to devalue the currency.
Fri, Sep 02, 2016
The Labour Ministry is actively considering proposal of a voluntary pension scheme mooted by the Employees' Provident Fund Organisation (EPFO), a senior government official has said.
Wed, Aug 24, 2016
The policy will help in saving fuel as old vehicles tend to consume more fuel and will decrease our dependance on imports, Gadkari said.
Tue, Aug 23, 2016
Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Now, they are suspending operations as a surge in smuggled bullion wipes out wafer thin margins.
Mon, Aug 22, 2016
GST rollout would also subsume various exemptions and cesses, which would obliviate the need for their presentation in the Budget.
Tue, Aug 16, 2016
In order to promote cash-less economy, the government has said it will bear the transaction cost for all payments made to it through debit or credit cards and net banking.
Sun, Aug 14, 2016
In June, Prabhu wrote a letter to the Prime Minister's Office (PMO) after NITI Aayog's member Bibek Debroy recommended the move.
Wed, Aug 03, 2016
“No sector wise details of industry are however maintained and section wise details of revenue impact of direct tax incentives is presented before Parliament with Budget in the form of document titled, 'Statement of Revenue Impact of Tax Incentives under the Central Tax System',” said Santosh Kumar Gangwar, Minister of State (MoS), Finance Ministry.
Tue, Aug 02, 2016
The budget estimate for disinvestment during FY2015-16 was Rs 69,500 crore which comprised of Rs 41,000 crore from disinvestment of CPSEs and Rs 28,500 crore from strategic disinvestment.
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