Finance Ministry
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Government exempts LPG imports from 15 per cent agri cess
Business | Sep 01, 2023, 01:06 PM ISTThe Finance Ministry in a notification said that imports of LPG, liquified propane and liquified butane have been fully exempted from Agriculture Infrastructure Development cess (AIDC) effective September 1.
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Central debt increased by 174% between 2013-14 and 2022-23, external debt by 100%: Finance Ministry
Business | Aug 14, 2023, 08:29 AM ISTThe government's external debt, which was 374,484 crore in 2013–14, will increase by 100% to 7,48,895 crore in 2022–23.
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Direct tax collections rise almost 16 per cent to Rs 6.53 lakh crore so far in current fiscal: CBDT
Business | Aug 11, 2023, 05:42 PM ISTThe collection is 32.03 per cent of the total budget estimates of direct taxes for the current fiscal 2023-24.
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Union finance ministry launches 'Vivad se Vishwas scheme' to settle pending contractual disputes
Business | Aug 02, 2023, 11:45 PM ISTUnder the "Vivad se Vishwas" scheme, the contractors will have time till October 31 to submit their claims.
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FACT CHECK: Finance ministry to grant Rs 3,00,000 loan under PM Mudra Yojana scheme?
Fact Check | Jul 27, 2023, 05:35 PM ISTA letter is being shared on WhatsApp and social media, which states that an amount has to be paid for taking a loan under the Central Government's scheme PM Mudra Yojana.
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Centre notifies 8.15 pc interest rate on Employees Provident Fund for FY23
Business | Jul 24, 2023, 06:02 PM ISTOn March 28 this year, retirement fund body EPFO had marginally raised the interest rate on employees' provident fund (EPF) deposits to 8.15 per cent for 2022-23 for its over 6 crore subscribers.
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50th GST Council meet: What will be costlier, cheaper | Full list
Business | Jul 12, 2023, 06:50 AM ISTThe government has announced key changes in the existing GST tax slabs of various goods and services after the 50th GST Council meeting chaired by Finance Minister Nirmala Sitharaman. Here's what has become cheaper and costlier.
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Finance Ministry asks IBA to finalise wage revision of bankers of PSU banks by Dec 1
Business | Jul 10, 2023, 03:01 PM ISTThe wage revision for employees and officers of the public sector banks is due from November 1, 2022.
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TCS won't be charged for payments using ICC during overseas visits: Finance Ministry
Business | Jul 01, 2023, 02:57 PM ISTThe amendment reverses a May 16 notification by the ministry which omitted Rule 7 from FEM (CAT) Rules, thereby effectively including forex spend through ICCs under LRS.
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Centre approves Rs.56,415 crore to 16 States under 2023-24 capital investment scheme
India | Jun 26, 2023, 06:31 PM ISTThe scheme "Special Assistance to States for Capital Investment 2023–24" was announced in the Union Budget 2023–24 in order to provide a boost to capital spending by States and take into account the fact that capital expenditure has a greater multiplier effect.
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Direct tax collections for FY23 jump 11 pc YoY, reaching Rs 3.80 lakh cr: Finance Ministry
Business | Jun 18, 2023, 09:23 PM ISTIn a statement, the ministry said that the corporation tax (CIT) will be Rs 1,56,949 crore and the personal income tax (PIT) will be Rs 2,22,196 crore, including the Securities Transaction Tax (STT).
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'Raghuram Rajan used false figures to...': Union Minister
Business | Jun 15, 2023, 06:13 PM ISTIn a research paper, titled 'Has India really become a mobile manufacturing giant?' Rajan raised concerns about the government's PLI scheme as well as concerns over India's rising mobile phone exports.
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GST collections rise 12 per cent to Rs 1.57 lakh crore in May: Finance Ministry
Business | Jun 01, 2023, 05:31 PM ISTThe GST collections in May saw a rise of 12 per cent which indicates a bullish trend in the Indian economy amid global challeges.
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New Parliament building inauguration: Centre to mint Rs 75 coin to mark event
India | May 26, 2023, 08:12 AM ISTThe new Parliament building will be inaugurated by Prime Minister Narendra Modi on Sunday.
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Finance Ministry sets up committee to review pension system for govt employees
India | Apr 07, 2023, 12:03 AM ISTThe Ministry of Finance on Thursday set up a committee to review the pension system for the government employees.
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Nirmala Sitharaman on her Budget day saree making it to headlines: 'Would a male minister...'
India | Feb 03, 2023, 11:51 PM ISTBudget 2023: Finance Minister Nirmala Sitharaman wore the famous Ilkal saree with intricate kasuti threadwork while presenting the Union Budget 2023-24.
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Budget 2023: Finance Minister Nirmala Sitharaman to brief BJP MPs today
India | Feb 03, 2023, 07:40 AM ISTBudget 2023: She will explain the budget to the MPs in the meeting. The briefing will be held at around 9:00 am at the Balayogi Auditorium in Parliament Library Building in the national capital, all MPs have been informed.
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Budget 2023: Imported cars, toys, bicycles and silver bars | Know what all will become 'COSTLY'
Budget | Feb 01, 2023, 09:53 PM ISTBudget 2023: The government has decided to increase Agriculture Infrastructure and Development Cess on silver bar from the existing 2.5 per cent to 5 per cent and 2.5 per cent to 4.35 per cent on silver dore.
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Budget 2023: FM announces launch of National Data Governance policy, KYC to get simplified
Budget | Feb 01, 2023, 12:41 PM ISTBudget 2023: FM Sitharaman also said that the process of KYC will be simplified by adopting a risk-based system.
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Budget 2023: Finance Ministry contemplating sops to benefit country's middle class
Budget | Jan 26, 2023, 02:19 PM ISTBudget 2023: The finance ministry is looking into proposals sent by various government departments on specific steps which may be announced in the Budget, benefitting a large section of the middle class.