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
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 Union Finance Ministry on Thursday warned citizens about a rise in incidents involving fake summons being circulated in the name of the Enforcement Directorate (ED) for cheating and extortion.
The Atal Pension Yojana (APY) has achieved a significant milestone by surpassing 8 crore total gross enrolments with an addition of 39 lakh new subscribers in the current Financial Year (FY 2025-26) alone, said the Union Finance Ministry.
The Union Finance Ministry has informed the Delhi High Court that it currently has no plans to introduce a Rs 50 coin, attributing the decision to widespread public preference for currency notes over heavier coins such as Rs 10 and Rs 20.
The gross Goods and Services Tax (GST) revenue collected for February 2024 stood at Rs 1,68,337 crore, marking a robust 12.5 percent increase compared to that in the same month in 2023, the Union Finance Ministry said on Friday.
The Central Goods and Services Tax (CGST), Central Excise and Customs hosted an All Chief Commissioners' Conference on use of AI and other technology needs in customs functioning and transformative approach in Customs automation at Bhopal, Madhya Pradesh.
Hours after the Union Finance Ministry stated that the Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, it said that India's GDP is expected to grow by 6.5 per cent in financial year 2024.
Union finance ministry has approved capital investment proposals of Rs 56,415 crore in 16 states in the current financial year 2023-24. Approval has been given under the 'Special Assistance to States for Capital Investment 2023-24' scheme.
Sitharaman stressed that the protection of vulnerable sections has been India's prime focus as the government charted its course towards recovery from the COVID-19 pandemic.
During the deliberations that followed, FM Sitharaman and the US Secretary of Commerce also exchanged views on enhancing bilateral cooperation to further boost investment and trade in mutually agreed areas, according to a tweet posted by the official handle of the Union finance ministry.
The official Twitter handle of the ministry -- @FinMinIndia -- tweeted on Thursday, "Congratulations to Mr Ajay Banga on being nominated to lead @WorldBank. India supports Mr Banga's nomination and looks forward to his leadership of the @WorldBank."