Before the new Budget for the country is announced on Feb 1, the Ministry of Finance took to X to highlight the prior customs duty rates announced. During the previous Budget sessions, in a decisive move to solidify India's position as a global electronics hub and to promote domestic manu
The Government of India has completed the implementation of several key direct tax reforms announced in recent Union Budgets, aiming to enhance investment certainty and reduce the compliance burden for taxpayers. As the presentation of the Union Budget 2026-27 approaches, the Ministry of
DFS continued its trajectory of momentous reforms in 2025, building on the robust and firm foundation established through initiatives like Your Money, Your Right Campaign, the Banking Laws (Amendment) Act, 2025, EASE 8.0 rechristened as EASE₹ise, 'Credit Line on UPI', 'Hello! UPI'- an AI-voi
Manufacturers adding new machines mid-month will be required to pay the full monthly cess for those machines, while new units starting operations during a month will be charged on a pro-rata basis.
The Ministry of Finance, Government of India, has extended significant financial assistance to the state of Uttarakhand. For the financial year 2025-26, a special assistance of Rs 200 crore (loan) has been approved for Uttarakhand under the "Scheme for Special Assistance to States for Cap
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman, along with Union Minister of State for Corporate Affairs Harsh Malhotra, chaired the Chintan Shivir of the Ministry of Finance and the Ministry of Corporate Affairs, at Hampi in Vijayanagara district, Karnataka.
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman, along with Union Minister of State for Corporate Affairs Harsh Malhotra, chaired the Chintan Shivir of the Ministry of Finance and the Ministry of Corporate Affairs, at Hampi in Vijayanagara district, Karnataka, on Satur
The Ministry of New and Renewable Energy (MNRE) is preparing to launch a new scheme for floating solar power projects equipped with battery storage systems. According to Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy, the ministry has approached the Finance Ministry s
While answering an unstarred question in Rajya Sabha, the Minister of State (MoS), Ministry of Finance, Pankaj Chaudhary, said, "The process of complaint resolution is being streamlined through revision in the Reserve Bank-Integrated Ombudsman Scheme."
The Central government is expected to meet its fiscal deficit target for FY26 by cutting back on capital expenditure to offset potential shortfalls in income tax and GST collections, according to a report by Goldman Sachs.
The Government of India's fiscal data for the current financial year up to October 2025 shows steady revenue collection and higher fund transfers to states, according to the latest figures released by the Ministry of Finance on Friday. The consolidated monthly accounts reveal that the Centre