Ministry Of Finance
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Govt removes excise duty on ethanol-blended petrol ranging up to 30%, will your fuel expenses drop?
Business | Jun 11, 2026, 10:57 AM ISTAs a result, there will be a nil excise duty rate for fuel blended with ethanol at 22 per cent, 25 per cent, 27 per cent, and 30 per cent.
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In a big relief to steel manufacturers, India imposes tariffs on cheap imports from China
Business | Dec 31, 2025, 07:17 AM ISTIndia, the world’s 2nd largest crude steel producer, has been grappling with a flood of low priced steel imports from China, raising anti dumping concerns and putting pressure on domestic producers.
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Operation Deep Manifest: Pakistani goods worth Rs 9 crore seized at Navi Mumbai port, one held
India | Jun 26, 2025, 07:58 PM ISTThe goods being shipped into India were in blatant violation of import policy conditions and prohibitions imposed by the government on direct or indirect import or transit of Pakistani-origin goods, the Ministry of Finance said in a statement.
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Central GST officers detect tax evasion of Rs 1.95 lakh crore during April-January
Business | Mar 10, 2025, 04:11 PM ISTDuring the Budget Session Lok Sabha proceedings, Minister of State for Finance Pankaj Chaudhary told the House that in this fiscal year till January, 25,397 cases of GST evasion have been detected. The net value of evaded tax stood at Rs 1.95 lakh crore.
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GST Council reduces taxes for cancer drugs, namkeen | Check details
India | Sep 09, 2024, 08:42 PM ISTThe 54th GST Council meeting introduced several key changes in GST rates, including reductions for cancer drugs and adjustments for various goods. Notable updates include a rate cut for extruded snacks, a new reverse charge mechanism for metal scrap, and an increase in GST rates for car seats.
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FATF adopts India's mutual evaluation report, lauds efforts in tackling money laundering
World | Jun 28, 2024, 05:21 PM ISTThe adoption of the report marks a significant milestone for India and is greatly advantageous for the economy due to increased investor confidence. India has been included in FATF's 'regular follow-up' category, a distinction shared by only four other G20 countries.
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FACT CHECK: Misleading claims circulate about banks adopting 5-day workweek | Know the truth here
Fact Check | Dec 18, 2023, 12:06 PM ISTThe RBI decides bank holidays, observing public holidays on second and fourth Saturdays since 2015. No official transition to a five-day workweek is confirmed, emphasizing the lack of Ministry of Finance support. Access the RBI's 2023 holiday list for accurate information.
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GST collection for April 2023 all time high at Rs 1.87 lakh crore
Business | May 02, 2023, 07:04 AM ISTThe gross Goods and Services Tax (GST) revenue collection grew by 12 per cent in April to Rs 1.87 lakh crore.
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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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Finance ministry to kick-start budgetary exercise from October 10
Business | Sep 08, 2022, 03:10 PM ISTThe budget for the next year will be addressing critical issues of high inflation, job creation, boosting demand, and putting the economy on a sustained 8 percent-plus growth path.
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FinMin asks govt employees to opt for lowest air fare; book tickets in advance
India | Jun 19, 2022, 02:26 PM ISTThe Expenditure department also asked all ministries and departments to clear their dues to the travel agents within 30 days of completion of journey, while officers will have to submit a certificate/undertaking within 72 hours of journey confirming their travel.
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Budget 2022: Rajnath Singh welcomes announcement for defence sector
Business | Feb 01, 2022, 02:33 PM ISTDefence Minister also welcomed FM Nirmala Sitharaman's announcement that 68 pc of the defence capital procurement budget would be allocated towards procurement from domestic industry.
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Budget 2022: It is betrayal of salaried, middle classes, says Congress
Business | Feb 01, 2022, 01:44 PM ISTCongress general secy and chief spokesperson Randeep Surjewala said the salaried and the middle classes have been affected due to pay cuts and high inflation.
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Budget 2022: Here are the major takeaways
Business | Feb 01, 2022, 12:59 PM ISTFinance Minister Nirmala Sitharaman is presenting the Union Budget for the year 2022-23 in Parliament today.
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Govt appoints Venkatraman Anantha Nageswaran as new Chief Economic Advisor
India | Jan 28, 2022, 08:42 PM ISTNageswaran was a former member of the Prime Minister’s Economic Advisory Council (PMEAC).
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Delhi: Finance Minister Nirmala Sitharaman chairs 46th GST Council meeting
Business | Dec 31, 2021, 01:29 PM ISTGST Council meet holds importance ahead of Union Budget which is presented on 1st day of February by Finance Minister in Parliament.
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Centre releases grant of Rs 8,453.92 crore to 19 states to strengthen health systems
India | Nov 13, 2021, 10:04 AM ISTThe Dept of Expenditure, Finance Ministry has released the grant as per the recommendations of 15th Finance Commission.
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Opportunities in India galore for investors and industry stakeholders: Sitharaman
Business | Oct 17, 2021, 10:33 AM ISTStartups in India have grown tremendously and many are now raising money through capital markets. This year itself, more than 16 of them will qualify as unicorns, Sitharaman said.
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Budget-making team of Finance Ministry short of two key officials
India | Dec 08, 2019, 03:50 PM ISTIn addition to expenditure secretary, the position of joint secretary (Budget), one of the key officials in the entire Budget-making process, is also vacant for almost three months.
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When you lie & fudge data, you have lot to hide: CPIM on Finance Ministry media restriction
India | Jul 10, 2019, 05:32 PM ISTFinance Minister Nirmala Sitharaman's office has already clarified there is "no ban" on the entry of media persons in the Ministry and that just a procedure has been brought in for "streamlining and facilitating" the entry of media persons.