Finance Ministry
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GST Council meet: Taxation of insurance premium to online gaming report -- what to expect today
Business | Sep 09, 2024, 11:37 AM ISTThe GST Council will also decide whether to reduce the tax burden on health insurance from the current 18 per cent or exempt certain categories of individuals, like senior citizens.
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LGBTQ people can now open joint bank accounts, no restrictions: Check Centre’s new advisory
India | Aug 30, 2024, 11:21 AM ISTA clarification about opening bank accounts for LGBTQ people was earlier issued by the Reserve Bank of India (RBI) to all the scheduled commercial banks on August 21, 2024, the advisory by the Department of Financial Services under the finance ministry said.
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Halwa ceremony marks final stage of Budget preperation process at North Block | WATCH
Budget | Jul 16, 2024, 07:07 PM ISTThe Halwa ceremony at North Block marked the final stages of preparing Budget 2024-25, attended by Finance Minister Nirmala Sitharaman and other officials. This traditional event symbolizes the commencement of a lockdown within the finance ministry until the budget's parliamentary presentation.
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Union Budget 2024: Space industry urges government for tax holidays, PLI scheme | DETAILS
Budget | Jul 16, 2024, 08:34 AM ISTThe Indian Space Association has urged the government to commit to procuring and adopting space technology solutions for various governance sectors. These sectors include agriculture, disaster management, infrastructure planning and development monitoring, and urban development.
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Budget 2024: PM Modi holds meeting with prominent economists to gather their views, suggestions
Budget | Jul 11, 2024, 01:59 PM ISTThe first budget of the BJP-led government NDA in its fresh term would be significant with Prime Minister Narendra Modi having stated earlier that the third term will be used to write new chapters of bold decisions. The budget is set to be presented on July 23.
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First Union Budget of Modi 3.0 to be presented on July 23, tweets minister Kiren Rijiju
India | Jul 06, 2024, 04:27 PM ISTUnion Parliamentary Affairs Kiren Rijiju informed that the Union Budget (2024-25) will be presented in Lok Sabha on 23 July, 2024.
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Union Budget 2024-25: Finance Minister Nirmala Sitharaman kicks off preparation, earmarks priorities
Budget | Jun 13, 2024, 02:49 PM ISTNirmala Sitharaman was given the charge of the finance portfolio in the second stint of the Modi government after the 2019 general elections, becoming the first full-time woman finance minister in the independent India. In the third stint, PM Modi reposed his faith in her leadership.
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GST collection records 10 per cent year-on-year growth to Rs 1.73 lakh crore in May
Business | Jun 01, 2024, 08:05 PM ISTAccording to Finance Ministry, the gross GST collection in the second month of financial year 2025 registered a n year-on-year growth due to increased revenues from domestic transactions amid slowing of imports.
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GST collections rise 11.5 per cent year-on-year to Rs 1.78 lakh crore in March, second-highest ever
Business | Apr 01, 2024, 04:33 PM ISTThe Goods and Services Tax (GST) is a successor to VAT used in India on the supply of goods and services. The highest-ever GST collection was recorded at Rs 1.87 lakh crore in April 2023.
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Finance Ministry clarifies: No changes in new tax regime, issues 6-point note
Business | Apr 01, 2024, 11:07 AM ISTIn a statement, the ministry addressed confusion over the new tax regime, emphasising its lower rates but fewer exemptions and deductions. Finance Minister Nirmala Sitharaman's interim budget assured the preservation of existing tax rates.
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Budget 2024: Here's why budget presentation date was shifted from February 28 to February 1
Business | Jan 23, 2024, 04:06 PM ISTThe Union Budget was presented at 5 pm on the final day of February before 1999, following the practice in British India.
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Budget 2024: What is the 'Halwa Ceremony' held before every budget announcement?
Business | Jan 19, 2024, 12:29 PM ISTThe event is a significant step in finalising the extensive budget-making process that spans several months.
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Budget 2024: What is Economic Survey of India? | Here's all you need to know
Budget | Jan 07, 2024, 01:08 PM ISTFinance Minister Nirmala Sitharaman will present the Economic Survey in the Parliament on January 31. The Economic Survey is prepared by the Economic Division of the Ministry of Finance and covers economic matters.
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Rajasthan portfolio distribution: CM Bhajan Lal Sharma keeps Home, Diya Kumari gets finance
Rajasthan | Jan 05, 2024, 09:59 PM ISTNewly appointed Rajasthan ministers were on Friday allocated portfolios, with Chief Minister Bhajan Lal Sharma keeping eight departments, including home and excise.
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Over 8.18 crore income tax returns filed till December 31 for AY 2023-24: Finance Ministry
Business | Jan 01, 2024, 09:40 PM ISTThe total number of audit reports and other forms filed during the period is 1.60 crore, as against 1.43 crore audit reports and forms filed in the corresponding period of the preceding year.
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Gross GST collection rises by 12% to Rs 14.97 lakh crore in during April-December 2023 period
Business | Jan 01, 2024, 05:51 PM ISTThe average monthly gross GST collection of Rs 1.66 lakh crore in the first nine-month period this year represents a 12 per cent increase compared to the Rs 1.49 lakh crore average recorded in the corresponding period of FY23.
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Unemployment rate declined to 10 pc from 17.8 pc in 2017-18: Finance Minister Nirmala Sitharaman
Business | Dec 07, 2023, 09:45 PM ISTThe retail inflation based on the consumer price index (CPI) had touched a high of 7.8 per cent in April 2022. However, now it has been close to the Reserve Bank's target of 4 per cent.
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GST collection registers highest-ever jump in November, says Centre
Business | Dec 01, 2023, 07:39 PM ISTGoods and Services Tax (GST) collections have jumped 15 per cent to over Rs 1.67 lakh crore in November, the Finance Ministry informed on Friday.
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Finance Ministry asks PSU banks to take measures to strengthen cybersecurity
Business | Nov 19, 2023, 02:26 PM ISTThe Finance Ministry and RBI have been sensitising banks on this aspect at regular intervals amid the growing digitisation in the financial sector.
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Bombay High Court orders Rs. 1,128 crore tax refund to Vodafone Idea Limited
Business | Nov 09, 2023, 11:53 PM ISTVodafone Idea had filed a petition, asserting the excess tax paid, leading the court to express concern about the assessing officer's apathy.