Search For "ministry of finance"
India and Uzbekistan sign bilateral investment treaty
Updated : 1 year, 9 months ago IST
India and Uzbekistan have signed a Bilateral Investment Treaty (BIT) to assure appropriate protection to Uzbekistan investors in India and Indian investors in the Republic of Uzbekistan, the Ministry of Finance said in a statement on Friday.
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Centre plans to borrow Rs 6.61 lakh crore from market in second half of FY
Updated : 1 year, 9 months ago IST
Out of gross market borrowing of Rs 14.01 lakh crore budgeted for 2024-25, Rs 6.61 lakh crore or 47.2 per cent is planned to be borrowed in the second half, the Ministry of Finance said in a statement on Thursday.
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Monthly economic report of Govt says that private investment cycle is stre
Updated : 1 year, 9 months ago IST
Net Foreign Direct Investment (FDI) inflows to India rose by 52.4 per cent during the first four months of FY25, supported by a surge in gross FDI inflows. Gross FDI inflows increased by 23.7 per cent, from USD 22.4 billion during the first four months of FY24 to USD 27.7 billion in the corr
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Supreme Court disposed of 573 direct tax cases after revised monetary limi
Updated : 1 year, 9 months ago IST
The Supreme Court has disposed off 573 direct tax cases where the tax effect is less than Rs 5 crore, in view of the revised monetary limit of filing of appeals, a Ministry of Finance said in a statement on Tuesday.
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Sitharaman to embark for a five-day Uzbekistan visit starting tomorrow
Updated : 1 year, 9 months ago IST
Finance Minister Nirmala Sitharaman will embark on an five-day official visit to Uzbekistan starting Tuesday, accompanying her will be a delegation of officials from the Ministry of Finance.
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DFS secretary chairs conference to focus on reducing pendency, optimising
Updated : 1 year, 9 months ago IST
The meeting addressed issues such as reducing pendency, adopting best practices, optimising recoveries, and rolling out the new DRT Regulations 2024. The primary focus of the discussions was on streamlining the recovery process through improved mechanisms and collaborative efforts from all s
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CBDT notifies 'Direct Tax Vivad Se Vishwas Scheme, 2024' to resolve pendin
Updated : 1 year, 9 months ago IST
This scheme, aimed at resolving pending income tax disputes, will come into effect from October 1. It seeks to provide an efficient framework for taxpayers to settle their outstanding appeals, streamlining the resolution process for various tax-related disputes.
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Pakistan's financial mismanagement continues, debt per person alarmingly h
Updated : 1 year, 9 months ago IST
The average debt per citizen in Pakistan has now touched PKR 295,000. The total debt owed by the country currently has risen by PKR 8.36 trillion, bringing the total to PKR 71.24 trillion in 2024, ARY News said, citing a report by Pakistan's Ministry of Finance.
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UPI transactions value grows from Rs 1 lakh cr in FY 17-18 to Rs 200 lakh
Updated : 1 year, 9 months ago IST
The value of digital payments has surged to Rs 1,669 lakh crore in the first five months (April-August) of the current financial year 2024-25, according to an official statement by the Ministry of Finance.
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FM to launch NPS Vatsalya scheme for parents to save for children's future
Updated : 1 year, 9 months ago IST
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman will introduce the NPS Vatsalya scheme in accordance with the announcement made in the Union Budget 2024-25, the Ministry of Finance said on Monday.
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Government notifies foreign exchange rules 2024 to simplify investments an
Updated : 1 year, 9 months ago IST
The Ministry of Finance on Thursday notifies the new Foreign Exchange (Compounding Proceedings) Rules 2024 to simplify rules and regulations for foreign investments. The new rules are aimed at streamlining and rationalising existing rules and regulations to further facilitate ease of doing b
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India, Japan agree to continue discussions to further promote financial co
Updated : 1 year, 10 months ago IST
Atsushi Mimura, Vice Minister of Finance for International Affairs, Japan, and Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance, held the 2nd India-Japan Finance Dialogue in Tokyo on September 6 and agreed to continue discussions aimed at further promoting financial
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