"Finance Ministry"
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India To Become 3rd Largest Economy With GDP Of USD 5 Trillion In 3 years: Finance MinistryTen years ago, India was the 10th largest economy in the world, with a GDP of USD 1.9 trillion at current market prices.Zee News - Published | |
HDFC And Axis Bank Closed On January 22 For Ayodhya Ram Temple EventThe finance ministry issued an order, stating that public sector banks, insurance companies, financial institutions, and regional rural banks will also remain closed for a half-day on January 22 in..Zee News - Published | |
Banks Closed Or Open On January 22 - Monday? Finance Ministry Says ThisThere has been a suspense over whether the banks will be open or closed on January 22 which is Monday.Zee News - Published | |
Interim Budget 2024: Gold Linked Credit Line Via UPI Can Monetise Idle Gold Jewellery, Says Muthoot Finance MDMuthoot Finance MD Alexander Muthoot in his pre-budget expectations from the finance ministry said that gold linked credit line via UPI will be ideal for common man.Zee News - Published | |
Russian rouble climbs to multi-week high versus dollarThe Russian rouble climbed to a more than seven-week high against the dollar on Friday, boosted by the state's new foreign currency interventions plan and higher oil prices after Western strikes..IndiaTimes - Published | |
Govt holds back $600 million strategic oil reserve top-upIndia's finance ministry cancels plan to top up strategic crude oil reserves due to market volatility and potential further decline in prices. Instead, the ministry is considering leasing out empty..IndiaTimes - Published | |
Budget 2024: Government may extend FAME II incentive scheme for manufacturing electric vehiclesAccording to ET, because the finance ministry hasn't approved FAME III, there's a suggestion to extend the current edition until a new framework is in place. If accepted, this extension would..IndiaTimes - Published | |
Union Budget 2024 fiscal deficit target: Will FM Sitharaman prioritise fiscal responsibility once again?India's finance ministry targets reducing the fiscal deficit to 4.5 percent by FY26. Analysts anticipate Sitharaman to uphold the government's focus on infrastructure spending in the Interim Budget..IndiaTimes - Published | |
29,273 bogus firms involved in suspected GST ITC evasion, 121 arrested: Finance ministryIndiaTimes - Published | |
Govt Relaxes Norms Governing Public Expenditure Exceeding Rs 500 Cr For Q4According to the finance ministry, capital expenditure by central public sector enterprises touched about 52 per cent of the Budget target at Rs 3.79 lakh crore in the first half of the current fiscal.Zee News - Published | |
GST kitty grows 10% in December on strong domestic sourcesGoods and services tax (GST) collections rose 10.3% to Rs 1,64,882 crore during December, driven by domestic sources, while the rise in mop-up from imported goods lagged. Latest data released by the..IndiaTimes - Published | |
Record 8.18 Crore ITRs Filed For Assessment Year 2023-2024 Till Dec 31: Finance MinistryThe Ministry of Finance also today said that a large number of taxpayers did their due diligence by comparing data of their financial transactions by viewing their Annual Information Statement (AIS)..Zee News - Published | |
GST collections rises 10 pc to Rs 1.64 lakh crore in DecemberGoods and Services Tax (GST) collections jumped 10 per cent to about Rs 1.64 lakh crore in December compared to Rs 1.49 lakh crore in the same month a year ago, the finance ministry said on Monday...IndiaTimes - Published Also reported by •Zee News | Niti Aayog's 1st VC Panagariya to head 16th Finance CommissionColumbia University professor and the first vice chairman of Niti Aayog Arvind Panagariya has been appointed the chairman of the 16th Finance Commission. The government is, however, yet to name the..IndiaTimes - Published |
Budget: Finmin seeks expenditure proposals from other ministriesThe finance ministry has sought expenditure proposals for the second and final batch of supplementary demands for grants from various ministries and departments ahead of the Budget session likely to..IndiaTimes - Published | New Year bonanza! Centre may reduce petrol, diesel prices by this much, check latest fuel rates of your cityFuel prices in India might be significantly lowered before the Lok Sabha elections in 2024. The finance ministry awaits the final nod.DNA - Published |
Ukraine received $1.34 billion under World Bank project: Finance ministryUkraine received $1.34 billion under the World Bank's public expenditures for administrative capacity endurance in Ukraine, the Ukrainian finance ministry said on Monday. The ministry said in a..IndiaTimes - Published | Finance ministry asks banks to monitor top 20 IBC casesThe finance ministry has directed heads of public sector banks to closely monitor and review the top 20 cases under the Insolvency and Bankruptcy Code (IBC) as part of their strategy for managing bad..IndiaTimes - Published |
IMF report: Govt allays fear over debtThe finance ministry clarified that the interpretation of the IMF report suggesting India's general government debt would exceed 100% of GDP in the medium term is misconstrued. The ministry emphasized..IndiaTimes - Published | Insurance drive: Govt may consider health regulatorThe finance ministry has written to the health ministry suggesting a regulator for healthcare services. The National Health Authority's efforts to build the National Health Exchange have been welcomed...IndiaTimes - Published |
Rating method needs reform: Finance ministry paperA paper by the finance ministry's economic division calls for reform in the credit rating process of global agencies like Moody's, Fitch, and Standard & Poor's. The paper highlights the opaqueness and..IndiaTimes - Published | Will review held-up insolvency cases: GovernmentThe finance ministry plans to review insolvency cases that are stuck in bankruptcy tribunals. The government aims to address concerns about the slow progress of these cases, which were initially..IndiaTimes - Published |
At 1.1 crore, number of GST return filers up 65% in 5 years The number of GST return filers rose about 65% to 1.1 crore in 5 years till April 2023 as compliance by taxpayers improved, the finance ministry said on Sunday. Also, the number of active taxpayers..IndiaTimes - Published | Electric 2-wheelers may see end of subsidy soonThe subsidy for electric two-wheelers is expected to end in a few weeks as the government is not keen on introducing the third phase of Faster Adoption and Manufacturing of Electric Vehicles or FAME..IndiaTimes - Published |
Kenyan court suspends plan to privatise more state-owned firmsA Kenyan court on Monday suspended a government plan to start a fresh privatisation drive under a modified law while it hears a challenge that an opposition party has brought against the sales. In late..IndiaTimes - Published | Banks asked to act fast on fraud alertsThe government is considering deploying a series of measures to curb the growing menace of cyber frauds in the financial sector, including blocking the IMEI, the unique number of mobile devices, and..IndiaTimes - Published |
No new liability under Bharatmala till fresh cabinet approval, road ministry to NH agenciesThe approval and bidding of highway projects under the Bharatmala programme have been halted until fresh Cabinet approval is obtained. The finance ministry has instructed the road transport and..IndiaTimes - Published | India set for longer economic, financial cycle than past: Finance ministryIndia's growth experience in 2023-24 will continue to be a positive outlier as compared to other major economies and the country can look ahead to the prospect of a longer economic and financial cycle..IndiaTimes - Published |
China proposes cybersecurity check for auditors if national security involvedChina's finance ministry has proposed new measures that require auditors to undergo additional cybersecurity checks when their work involves national security. The measures also outline how accounting..IndiaTimes - Published | GST: Finance ministry launches amnesty scheme for filing appeals against demand ordersThe finance ministry has introduced an amnesty scheme for filing appeals against Goods and Services Tax (GST) demand orders. The scheme will be open until January 31, 2024, for entities that were..IndiaTimes - Published |
State-run pharma co IMPCL selloff sees several EOIsThe Centre has received multiple expressions of interest (EOIs) for the privatisation of state-run Indian Medicines Pharmaceutical Corporation (IMPCL), a top finance ministry official announced on..IndiaTimes - Published | Government plans to set up single agency for infrastructure planning, monitoring & evaluationThe Indian government is working on setting up a single agency for infrastructure planning, monitoring, and evaluation to ensure maximum impact on the economy and quality of life. The Department for..IndiaTimes - Published |
'Government initiatives pushing women-led development'The Indian government's initiatives for financial inclusion, rural microfinance, and property rights in rural housing have contributed to the development of women-led initiatives in the country,..IndiaTimes - Published | Banks tap business, rework plan to raise low-cost depositsThe Centre's "just-in-time" mechanism for releasing funds to government agencies has led to banks losing out on low-cost current and savings account float. Public sector banks, such as State Bank of..IndiaTimes - Published |
India against yuan bill for Russian oilIndia is resisting pressure from Russian oil suppliers to pay for crude imports in Chinese currency, as tensions between India and China continue. While Russia has a growing demand for yuan due to its..IndiaTimes - Published | Good news for Central govt employees: PM Modi's big Diwali 2023 gift, know what it is and who are eligibleAccording to the Union Finance Ministry, the benefit of this non-productivity linked bonus (ad-hoc bonus) will be given to all non-gazetted employees falling under Group-B and Group-C.DNA - Published |
Vietnam: Vietnam Considers Continuing VAT Reduction In 2024 - ASL LawRecently, during a meeting between the Government's Standing Committee and representatives of Vietnamese entrepreneurs, the Deputy Minister of Finance announced that the Ministry of Finance is..Mondaq - Published | Ukraine receives $1.15 billion grant from US under WB programOn Wednesday, the Ukrainian finance ministry announced that the United States granted Ukraine $1.15 billion as a component of the PEACE in Ukraine program. The PEACE (Public Expenditures for..IndiaTimes - Published |
Net direct tax collection rises 22% to over Rs 9.57 lakh croreThe net direct tax collection increased by 21.82 per cent to over Rs 9.57 lakh crore till October 9, helped by good inflow from corporates and individuals, the Finance Ministry said on Tuesday.The net..IndiaTimes - Published | PF interest news: Centre maintains GPF interest at 7.1% for October-December quarterThe Finance Ministry maintains the GPF interest rate at 7.1% for Q4 FY24, consistent rates for similar provident funds.DNA - Published |
Russia unveils huge spending hike to battle 'hybrid war'Russia said Thursday that it plans to raise defence spending by almost 70 percent next year, funnelling massive resources into its Ukraine offensive to fight what it calls a "hybrid war" unleashed by..IndiaTimes - Published | Oil prices a concern but not alarming yet: Finance ministryThe Indian government, in its August economic report, expressed comfort with a projected 6.5% growth for 2023-24. It acknowledged concerns about rising global crude oil prices and the August monsoon..IndiaTimes - Published |
Finance Ministry, experts welcome move by JP Morgan to add India bonds in emerging market indexnewKerala.com - Published | Healthy corporate sector performance strengthens investor confidence in Indian growth story, says Finance MinistrynewKerala.com - Published |
No stress in savings, people buying homes, cars: Financial ministryThe finance ministry in India has stated that there is no distress in household savings, despite some discussions suggesting otherwise. The ministry argues that changing consumer preferences for..IndiaTimes - Published | Finance Ministry allays fears over RBI data on crash in cash savings of householdsnewKerala.com - Published |
LIC employees, agents to benefit from finance ministry's stepsThe finance ministry has announced measures that will benefit LIC employees and agents. They include an increase in the gratuity limit from Rs 3 lakh to Rs 5 lakh for agents, eligibility for renewal..IndiaTimes - Published | Now, Pakistan unable to pay salaries to overseas officials amid severe dollar crunchThe Pakistani government is reportedly unable to pay salaries to staff at certain diplomatic missions for the past three months due to a dollar liquidity crunch. Press attaches and press counsellors in..IndiaTimes - Published |
Finance ministry starts Budget work for 2024-25IndiaTimes - Published | South Korea focuses on fiscal discipline with smallest budget increase in two decadesSouth Korea's government plans to increase its budget spending for 2024 to nearly $497 billion, marking the smallest increase in two decades. The finance ministry's annual spending plan aims to..IndiaTimes - Published |
