Direct tax collections so far in the financial year 2023-24 have risen 16.77 per cent to Rs 17.18 lakh crore (in gross terms), data put out by the Ministry of Finance said on Thursday.
According to a press release by the Ministry of Finance, this figure marked a substantial increase from the Rs 13.40 lakh crore collected in the corresponding period of the previous fiscal year (April-December 2022).
The Ministry of Finance has granted authorization to the State Bank of India (SBI) for the issuance and encashment of electoral bonds through its 29 authorised branches.
The central government on Friday authorised the release of an additional installment of tax devolution amounting to Rs 72,961.21 crore. According to the list of funds issued by the Ministry of Finance, Uttar Pradesh will receive the highest amount in its account among the states.
The central government has authorised the release of an additional instalment of tax devolution amounting to Rs 72,961 crore to state governments for financing various social welfare measures and infrastructure development schemes.
A total of Rs 13.7 lakh crore worth direct taxes (net) have been collected so far in the current financial year 2023-24, representing a 20.66 per cent increase on a yearly basis, according to provisional figures put out by the government on Monday.
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, met with Michael McGrath TD, Minister for Finance in the Government of Ireland, at the UAE Ministry of Finance's office in Dubai. During the meeting, they discussed areas of cooperation between the ministries of finance of th
It reported citing a notification from the Pakistan Ministry of finance, the new prices of petrol are PKR 267.34 and PKR 276.21 for HSD. The State Bank reported the dollar had settled at PKR 283.51 on Thursday after losing against the local currency. Dealers said the market stayed calm even
Ministry of finance posed on X, "Steady growth in Direct Tax collections! Net collection in FY 2023-24 (upto 30.11.2023) is 23.4 per cent higher Year-on-Year. 58.34 per cent of Budget Estimates for FY2023-24 already achieved. #ViksitBharat #FinMinReview2023"
A focus on financial sector reforms aimed at creating stability, resilience and efficiency in the financial sector, and based on technology and digitisation, would contribute greatly towards stimulating inclusive growth and help India to emerge as a developed country by 2047, Dr Vivek Joshi,
Good and Services Tax (GST) Revenue collection for November 2023 stands at Rs 1,67,929 lakh crore recording the highest growth rate of 15 per cent Year-on-Year, an official statement issued by the Ministry of Finance said on Friday.