Search For "finance ministry"
Details of borrowing options to meet GST compensation requirement for 2020
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 29 (ANI): The two borrowing options to meet the Goods and Services Tax (GST) compensation requirement for 2020-21 consequent to the discussions in the 41st meeting of the GST Council held on August 27 has been communicated to states which could, in turn, communicate th
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Government is accelerating Ease of Doing Business, Insurance companies mus
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 28 (ANI): Minister of State for Finance and Corporate Affairs Anurag Thakur on Friday said that India has a vibrant insurance industry that has spearheaded the government's policy of insuring the uninsured.
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Centre extends deadline for expression of interest for proposed Air India
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 25 (ANI): The central government has extended the deadline for expression of interest for proposed strategic disinvestment of Air India for two months till October 30, in view of the prevailing situation due to the ongoing coronavirus pandemic.
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Finance Ministry recounts Jaitley's legacy by recounting GST benefits
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 24 (ANI): The Finance Ministry on Monday recounted several achievements of former Finance Minister Arun Jaitley who heralded the Goods and Services Tax (GST) and passed away a year ago.
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Businesses with annual turnover of up to Rs 40 lakhs are GST exempt: Finan
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 24 (ANI): Businesses with an annual turnover of up to Rs 40 lakhs are Goods and Services Tax (GST) exempt and those with a turnover up to Rs 1.5 crore can opt for the Composition Scheme and pay only one per cent tax, the Ministry of Finance said on Monday.
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1.22 crore Kisan Credit Cards sanctioned with credit limit of Rs 102,065 c
Updated : 5 years, 7 months ago IST
New Delhi [India], August 20 (ANI): A total of 1.22 crore Kisan Credit Cards (KCCs) have been sanctioned with a credit limit of Rs 102,065 crore as on August 17, Ministry of Finance said here on Thursday.
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No proposal to include high-value transactions in Income Tax Return, infor
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 17 (ANI): There is no proposal to modify Income Tax returns forms, said Finance Ministry sources when asked to comment on the news reports that appeared in certain sections of media where it is reported that the purported Statement of Financial Transactions (SFT) expan
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Sitharaman asks secretaries to ensure capital expenditure to tune of 50 pc
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 14 (ANI): Union Finance Minister Nirmala Sitharaman on Friday held the third review meeting of seven CPSEs (Central Public Sector Enterprises) on capital expenditure in this financial year.
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GC Murmu appointed new CAG
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 6 (ANI): A day after he stepped down as Lieutenant Governor of Jammu and Kashmir, Girish Chandra Murmu was on Thursday appointed as Comptroller and Auditor General of India (CAG) of India.
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Worst economic phase over, indicators show improvement: Finance Ministry
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 4 (ANI): With gradual unlocking of COVID-19 restrictions, the worst on the economic front seems to be over as high-frequency indicators show improvement, according to the latest monthly report released by the Ministry of Finance on Tuesday.
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GST collections in July fall 14 pc y-o-y due to COVID lockdown
Updated : 5 years, 8 months ago IST
New Delhi [India], August 1 (ANI): The Goods and Services Tax (GST) revenue collections in July totalled Rs 87,422 crore, 14 per cent less than in the year-ago period as economic activities slowed due to COVID-19 led countrywide lockdown, the government said on Saturday.
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Stern action initiated against 1,474 untraceable exporters claiming Rs 202
Updated : 5 years, 8 months ago IST
New Delhi [India], July 26 (ANI): Stern action is proposed against the risky exporters who have been claiming IGST Refund worth Rs.2,020 crore and were found untraceable, said Finance Ministry Sources in the know of the matter, stating that the number of such untraceable risky exporters has
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