The claims that the government is considering levying Goods and Services Tax (GST) on UPI transactions over Rs 2,000 are completely false, misleading, and without any basis, said the Ministry of Finance in a statement Friday.
In a significant late-night operation, the Directorate of Revenue Intelligence (DRI) intercepted a 12-wheeler truck and seized 52.67 kg methamphetamine tablets, valued at Rs. 52.67 crore in the international drug market, on the outskirts of Aizawl, Mizoram.
The Department of Financial Services (DFS) has notified the amalgamation of 26 Regional Rural banks (RRBs) on the principles of 'One State One RRB', the Ministry of Finance said in a statement Tuesday.
The Union Government on Thursday announced that the financial or banking institutions will not charge any fee for updating nominees for Public Provident Fund or PPF accounts.
As part of its commitment to social responsibility and volunteerism, the Ministry of Finance has launched four humanitarian and social initiatives during the Holy Month of Ramadan.
The Indian economy is estimated to achieve a growth of 6.5 per cent in FY25 despite considerable external headwinds, the Monthly Economic Review by the Department of Economic Affairs (DEA), Ministry of Finance said.
The forum, hosted in Mumbai by the Reserve Bank of India (RBI) and the Ministry of Finance, invites a wide range of stakeholders to express their views.
According to an official release, FATF President Elisa de Anda Madrazo will formally inaugurate the PSCF 2025 on March 26, with Reserve Bank of India (RBI) Governor Sanjay Malhotra presiding over the event. The Indian delegation to PSCF is a multi-disciplinary team led by Vivek Aggarwal, Add
As per a statement from the Ministry of Finance on Saturday, around 700 offshore entities involved in the supply of online money gaming/betting/gambling are under the agency's scanner.
An ex-post facto approval has been granted to the Memorandum of Understanding (MoU), which was signed by the ministries of finance of India and Qatar in February, a statement from India's Finance Ministry said Tuesday.
The EC formally adopted the Unified Pension Scheme for EPFO officers and staff, aligning with the recent gazette notification issued by the Ministry of Finance.
This indicates significant increase in quantum of affordable working capital loans provided to the farmers for agriculture and allied activities. This is reflection of credit deepening in agriculture and reduced dependency on non-institutional credit.